DHL 2008 Annual Report Download - page 76
Download and view the complete annual report
Please find page 76 of the 2008 DHL annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
 |
 |
Deutsche Post World Net Annual Report 2008
Discontinued operations
Revenue and earnings performance
Changed reporting structure
On September , Deutsche Post agreed to sell a minority shareholding
in Deutsche Postbank to Deutsche Bank in the rst quarter of . We have
adapted our reporting structure accordingly. e Pension Service was transferred
from the Division to the mail business. e remaining segment
consists only of Postbank and has therefore been reported under “discontinued opera-
tions” since the third quarter of .
Financial crisis hampers Postbank earnings
e Deutsche Postbank Group was impacted by one-time charges as a result of
the global nancial market crisis, especially in the second half of . In addition to
other factors, Postbank’s earnings situation was noticeably impacted by the write-downs
on Postbank’s exposure to investment bank Lehman Brothers and Icelandic banks as
well as the decrease in equity holdings to be recognised in pro t or loss – announced
as an e ort to reduce capital market-related risks and portfolios.
With respect to net interest income and net fee and commission income –
Postbank’s customer business-related core income gures – the bank either reached or
exceeded the previous year’s gure. By contrast, net trading income and net income from
investment securities declined signi cantly as a consequence of the nancial crisis.
In spite of a clear rise in the rate of in ation and several special factors, adminis-
trative expenses were only slightly higher than the prior year level. e allowance for
losses on loans and advances rose, however, due to the e ects of the nancial market
crisis.
us, pro t or loss from operating activities from discontinued opera-
tions fell by , million from , million in to – million in the year
under review.
In line with this, the pro t or loss a er tax from discontinued operations in
was – million, well below the prior-year gure of million.
Postbank’s operating business performed well in all major product segments
despite a continued di cult climate in the German retail banking business.
Deutsche Postbank provides details of its business performance in in
its own annual report, to be published on March .
ir.postbank.com
72