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Deutsche Post World Net Annual Report 2007
53 Signifi cant subsidiaries, joint ventures and associates
Country Equity interest and share of voting rights
%
Revenue1)
€m
31 Dec. 2006 31 Dec. 2007 2006 2007
Signifi cant subsidiaries
MAIL
DHL Vertriebs GmbH & Co. OHG Germany 100.00 100.00 1,576 1,597
Global Mail Inc. USA 100.00 100.00 647 556
Williams Lea Limited UK 66.15 66.15 336 484
Williams Lea Inc. USA 66.15 66.15 182 249
DHL Global Mail (UK) Ltd. UK – 100.00 – 1722)
Koba SA France 100.00 100.00 41 113
The Stationery Offi ce Limited UK – 66.15 – 1063)
Williams Lea Inhouse Solutions GmbH Germany 100.00 100.00 71 81
Interlanden B.V. Netherlands 100.00 100.00 71 73
Deutsche Post Customer Service Center GmbH Germany 100.00 100.00 69 69
Deutsche Post Selekt Mail Nederland C.V. Netherlands 51.49 51.49 64 65
EXPRESS/LOGISTICS
Exel Europe Ltd. UK 100.00 100.00 2,303 3,283
DHL Express (USA) Inc. USA 100.00 100.00 3,359 3,127
Air Express International USA Inc. USA 100.00 100.00 1,574 1,848
Exel Inc. USA 100.00 100.00 1,420 1,508
DHL Freight GmbH Germany 100.00 100.00 1,307 1,434
DHL Express (France) SAS France 100.00 100.00 988 999
DHL Global Forwarding GmbH Germany 100.00 100.00 625 964
DHL Express (Sweden) AB Sweden 100.00 100.00 901 957
DHL Express (Italy) S.r.L. Italy 100.00 100.00 851 891
Danzas Z.F. Freight Agency Co. Ltd. China 100.00 100.00 444 719
DHL Express (UK) Ltd. UK 100.00 100.00 526 714
Exel UK Ltd. UK 100.00 100.00 795 708
DHL Global Forwarding (UK) Ltd. UK 100.00 100.00 426 687
DHL Express (Netherlands) B.V. Netherlands 100.00 100.00 390 682
DHL Global Forwarding (HK) Ltd. China 100.00 100.00 451 628
DHL Solutions GmbH Germany 100.00 100.00 612 623
DHL International (UK) Ltd. UK 100.00 100.00 582 607
DHL Express Germany GmbH Germany 100.00 100.00 557 581
DHL Express Iberia S.L. (Group) Spain 100.00 100.00 549 533
Exel Transportation Services Inc. USA 100.00 100.00 570 490
DHL Global Forwarding (Italy) S.p.A. Italy 100.00 100.00 469 479
DHL Danzas Air & Ocean (France) SAS France 100.00 100.00 423 477
DHL Sinotrans International Air Courier Ltd. China 51.68 51.68 416 458
DHL Exel Supply Chain (Spain) S.L. Spain 100.00 100.00 359 420
DHL Global Forwarding (Sweden) AB Sweden 100.00 100.00 211 411
DHL Logistics (Schweiz) AG Switzerland 100.00 100.00 233 400
FINANCIAL SERVICES
Deutsche Postbank AG (Group) Germany 50.00 + 1 share 50.00 + 1 share 9,525 10,344
SERVICES4)
Signifi cant joint ventures5)
Exel-Sinotrans Freight Forwarding Co. Ltd. China 50.00 50.00 316 211
Express Couriers Ltd. New Zealand 50.00 50.00 72 84
AeroLogic GmbH Germany – 50.00 – – 6)
Signifi cant associates
Polar Air Cargo Worldwide Inc. USA – 49.00/25.00 7)
Air Hong Kong Ltd. China 40.00 40.00
1) IAS amounts reported in single-entity fi nancial statements.
2) Transfer of operations of several companies to DHL Global Mail (UK) Ltd. after merger.
3) Acquired on 10 January 2007.
4) Almost exclusively internal revenue.
5) Proportionate amounts.
6) Established on 26 September 2007. Start of aircraft movement operations planned for April 2009.
7) Acquired on 25 June 2007.