DHL 2008 Annual Report Download - page 212

8-Year Review
8-year review 2001 to 2008
2001 2002 2003 2004 2005 2006 2007 2008
restated restated restated restated restated restated restated
Assets and capital structure
Non-current assets 1) € m 12,304 14,536 15,957 17,027 25,223 26,074 25,764 20,517
Current assets
(until 2003: including deferred tax assets)
1) € m 144,397 148,111 138,976 136,369 147,417 191,624 209,656 242,447
Equity (excluding minority interest) € m 5,353 5,095 6,106 7,242 10,624 11,220 11,035 7,826
Minority interest € m 75 117 59 1,623 1,791 2,732 2,778 2,026
Current and non-current provisions € m 10,971 12,684 12,673 12,441 12,161 14,233 12,276 10,836
Current and non-current liabilities 2) € m 8,770 11,900 12,778 15,064 19,371 20,850 21,544 242,276
Total assets € m 156,701 162,647 154,933 153,396 172,640 217,698 235,420 262,964
Employees / staff costs
(2007 / 2008: Continuing operations)
Total number of employees
(headcount including trainees) at 31 December 321,369 371,912 383,173 379,828 502,545 520,112 512,147 512,536
Full-time equivalents (excluding trainees)
3) at 31 December 283,330 334,952 348,781 340,667 455,115 463,350 453,626 451,515
Average number of employees (headcount) 323,298 375,890 375,096 381,492 393,463 507,641 500,252 511,292
Staff costs € m 11,246 13,313 13,329 13,840 14,337 18,616 17,169 17,990
Staff cost ratio
4) % 33.7 33.9 33.3 32.1 32.2 30.7 31.8 33.0
Key fi gures revenue / income / assets
and capital structure
Return on sales
5) % 7.6 7.6 7.4 7.0 8.4 6.4 3.9 – 1.0
Return on equity (ROE) before taxes
6) % 45.9 35.5 34.2 29.2 28.7 21.6 8.6 – 9.0
Return on assets
7) % 1.5 1.6 1.7 1.9 2.3 2.0 0.9 – 0.2
Tax rate
8) % 26.1 14.3 29.9 20.2 19.8 19.7 14.0 –
Equity ratio
9) % 3.4 3.1 3.9 5.8 7.2 6.4 5.9 3.7
Net debt (Postbank at equity)
10) € m 1,750 1,494 2,044 – 32 4,193 3,083 2,858 2,412
Net gearing (Postbank at equity)
11) %24.6 22.7 25.1 – 0.4 28.1 21.4 20.4 23.3
Dynamic gearing (Postbank at equity)
12) years 0.64 0.46 0.82 0.00 2.44 1.42 1.02 0.72
Key share data
(Diluted) earnings per share
13) €1.42 0.59 1.18 1.44 1.99 1.60 1.15 – 1.40
(Diluted) earnings per share
before extraordinary expense
13) € 1.42 1.41 1.18 1.44 1.99 1.60 1.15 – 1.40
Cash fl ow per share
13), 14) €2.75 2.67 2.70 2.10 3.23 3.28 4.27 1.60
Dividend distribution € m 411.74 445.12 489.63 556.40 835.71 903.00 1,087.34 725.41 15 )
Payout ratio (distribution
to consolidated net profi t) %26.11 67.54 37.41 34.82 37.39 47.13 78.62 –
Dividend per share € 0.37 0.40 0.44 0.50 0.70 0.75 0.90 0.60 15 )
Dividend yield (based on year-end
closing price) %2.5 4.0 2.7 3.0 3.4 3.3 3.8 5.0
(Diluted) price / earnings ratio
before extraordinary expense
16) 10.6 7.1 13.9 11.7 10.3 14.3 20.4 – 8.5
Number of shares carrying dividend rights millions 1,112.8 1,112.8 1,112.8 1,112.8 1,193.9 1,204.0 1,208.2 1,209.0
Year-end closing price €14.99 10.00 16.35 16.90 20.48 22.84 23.51 11.91
1) From 2004 balance sheet presented in accordance with the new IAS 1 as explained in item 5 of the Notes to the 2005 consolidated fi nancial statements. 2) Excluding liabilities
from fi nancial services. 3) Until 2004 including trainees. 4) Staff costs / revenue. 5) EBITA / revenue; from 2004: EBIT/ revenue (2007 / 2008: continuing operations). 6) Profi t
before income taxes (2007 / 2008 continuing operations) /average equity (from 2004 including minority interest). 7) EBIT (2007/2008: continuing operations) / average total assets.
8) Income tax expense / profi t before income taxes; including discontinued operations. 9) Equity (from 2004 including minority interest) / total assets. 10) Financial liabilities
excluding cash and cash equivalents, current fi nancial instruments, long-term deposits, and fi nancial liabilities to minority shareholders of Williams Lea. 11) Net debt / net debt
and equity (from 2004 including minority interest). 12) Net debt / cash fl ow from operating activities. 13) The weighted average number of shares for the period was used
for the calculation. 14) Cash fl ow from operating activities. 15) To be proposed to the AGM. 16) Year-end closing price / earnings per share before extraordinary expense.
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