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Divisions Group Management Report
Deutsche Post World Net Annual Report 2007
Revenue and earnings performance
Postbank reports further improved profi t
During the year under review, the division generated revenue of , million,
which exceeded the previous year’s gure of , million by .. In the banking
business, income from interest, fees and commissions and net trading income are
equivalent to an industrial company’s revenue.
e division also increased its pro t from operating activities (EBIT) again. At
, million, it surpassed the previous year’s total of , million by .. is
contained the net e ect from the disposal of Postbank’s insurance companies, a er
allowing for transaction costs, for provisioning in the investment portfolio, impair-
ment losses in connection with the sub-prime crisis, extraordinary e ects in admin-
istrative expenses as well as non-recurring e ects in net interest income, which, on
balance, reduced EBIT by million.
Postbank raised its balance sheet-related revenues and net fee and commission income
by . year-on-year, from , million to , million. e balance sheet-related
revenues – net interest income, net trading income and net income from investment
securities – increased by ., from , million to , million. Despite an
inhospitable interest rate climate, net interest income rose by . year-on-year to
, million. At million, net income from investment securities was . up
on the previous year. Net trading income climbed by . to million.
Net fee and commission income also increased, rising by . to , million. e
portion of total income attributable to net fee and commission income fell slightly,
from . to ..
At ., the allowance for losses on loans and advances rose less sharply than the volume
of customer loans. Administrative expenses edged up by . to , million.
Net other operating income and expenses amounted to – million (previous year:
– million). Postbank’s return on equity (ROE) before taxes improved from . to
.. e cost/income ratio also developed favourably, falling from . to . in
the traditional banking business. Including transaction banking, which is dominated
by industrial processing, it came to . (previous year: .). As at December
the tier ratio, calculated in accordance with the Solvabilitätsverordnung (Ger-
man solvency regulation) but excluding the initial restrictions pursuant to Section
of the solvency regulation, came to . at December compared with the
previous year (. according to own calculations).
Deutsche Postbank AG provides details of its business development in in its own
annual report, published on March . ir.postbank.com