DHL 2008 Annual Report Download - page 166

Deutsche Post World Net Annual Report 2008
The revaluation reserve contains   million of hidden
reserves from the Sinotrans purchase price allocation which were
attributable to shares already purchased in previous years.  ey
relate to the customer relationships included in the previous  
interest in the amount of   million and to   million of adjust-
ments to deferred taxes.
40.5 Currency translation reserve
 e currency translation reserve includes the translation
gains and losses generated when consolidating subsidiaries accounted
for in foreign currency.
€ m
2007 2008
As at 1 January – 451 – 897
Changes not recognised in income – 446 – 500
Currency translation reserve as at 31 December – 897 – 1,397
 e change is due to the decrease in exchange rates for major
foreign currencies.
41 Retained earnings
Retained earnings contain the undistributed consolidated
pro ts generated in prior periods. Changes in the reserves during
the  nancial year are also presented in the statement of changes in
equity.
€ m 2007 2008
restated 1)
As at 1 January 8,473 8,953
Dividend payment – 903 – 1,087
Consolidated net profi t or loss for the period 1,383 – 1,688
Retained earnings as at 31 December 8,953 6,178
1) Prior-year fi gure restated due to Deutsche Postbank Group restatement.
42 Equity attributable to Deutsche Post AG shareholders
 e equity attributable to Deutsche Post  shareholders
in  nancial year  amounted to  , million (previous year:
 , m i ll ion).
Dividends
Dividends paid to the shareholders of Deutsche Post  are
based on the unappropriated surplus of  , million reported
in the annual  nancial statements of Deutsche Post  prepared
in accordance with the German commercial code.  e amount of
  million remaining a er deduction of the planned total divi-
dend of   million will be carried forward.
A dividend of  , million was paid for  nancial year 
and   million was transferred to retained earnings.  e dividend
is tax-exempt for shareholders resident in Germany. No capital gains
tax (investment income tax) will be withheld on the distribution.
43 Minority interest
Minority interest includes adjustments for the interests of
non-Group shareholders in the consolidated equity from acquisition
accounting, as well as their interests in pro t and loss.  e interests
relate primarily to the following companies:
€ m 2007 2008
restated 1)
Deutsche Postbank Group 2,633 1,914
DHL Sinotrans International Air Courier Ltd., China 60 67
Other companies 85 45
Minority interest 2,778 2,026
1) Prior-year fi gure restated due to Deutsche Postbank Group restatement.
44 Provisions for pensions and other employee benefi ts
 e information below on pension obligations is broken
down into the following areas: Germany (excluding Postbank), 
(excluding Postbank), Other (excluding Postbank) and the Deutsche
Postbank Group.  e Deutsche Postbank Group disclosures are pre-
sented in their entirety as at  December  with the respective
amounts then being reclassi ed in a separate line in accordance
with  .
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