DHL 2010 Annual Report Download - page 186

. Issued capital and purchase of treasury shares
 e issued capital was  , million. It is composed of
,,, no-par value registered shares (ordinary shares)
witha notional interest in the share capital of   per share and is
fully paid up.
In the  rst quarter of , Deutsche Post  acquired
, shares at a total price of   million, including trans action
costs, under the authorisation issued on  April  to settle
entitlements due under the new bonus programme for execu-
tives introduced in  nancial year  (Share Matching Scheme).
Consequently, issued capital was reduced by the notional value of
the shares purchased.  e average purchase price per share was
 ..  e notional value of the treasury shares is deducted from
issued capital and the di erence between the notional value and
the reported value of the treasury shares is deducted from retained
earnings. Issued capital increased again, by  ,, when ,
shares were issued to executives in April . Changes in treasury
shares are presented in the statement of changes in equity.
. Authorisation to acquire own shares
By way of a resolution adopted by the Annual General
Meeting on  April , the company is authorised to acquire
own shares in the period to  April  of up to   of theshare
capital existing when the resolution was adopted.  e authorisa-
tion permits the Board of Management to exercise it for every
purpose permitted by law, and in particular to pursue the goals
mentioned in the resolution by the Annual General Meeting. In
addition, the Board of Management has been authorised to acquire
own shares using derivatives. As at the reporting date in the pre-
vious year, Deutsche Post  did not hold any own shares on
 December .
Changes in issued capital

2009 2010
As at  January 1,209,015,874 1,209,015,874
Purchase of treasury shares 0 –769,794
Treasury shares issued 0 769,794
As at  December 1,209,015,874 1,209,015,874
Authorised / contingent capital as at  December 
Amount m Purpose
Authorised Capital  240
Increase in share capital
against cash / non-cash contri-
butions (until 20 April 2014)
Contingent Capital  56
Issue of option / conversion
rights (7 May 2012)
 e planned sale of the day-de nite domestic business of 
Express  Ltd., , and  Express (France) , France, was
classi ed in accordance with   in the previous year.  e most
recent measurement of the non-current assets before their reclas-
si cation to current assets in accordance with   resulted in an
impairment loss of   million each at the two companies. Follow-
ing the reclassi cation, further adjustments to fair value less costs
to sell were made at  Express  in the amount of   million.
 e following table shows the expenses attributable to 
Express  recognised in other comprehensive income:
 e sales of the two companies’ business units were completed
in  nancial year ; see Note .
 Issued capital
. Share capital
KfW Bankengruppe (KfW), see Note ., holds .  of
Deutsche Post ’s share capital.  e proportion of free  oat shares
amounts to . .
 December 
 m  Express

 Express
France

Non-current assets 0 2
Inventories 1 0
Receivables and other current assets 50 62
Cash and cash equivalents 0 6
Total  51 70

Non-current provisions 6 8
Current provisions 11 14
Current fi nancial liabilities 0 6
Current liabilities 34 70
Total  51 98
Accumulated other comprehensive income
 m Equity
attributable
to Deutsche
Post 
shareholders
Non-
controlling
interests Total equity

Currency translation reserve –14 0–14
Share ownership as at  December
number of shares
2009 2010
KfW 368,277,358 368,277,358
Free fl oat 840,738,516 840,738,516
Share capital as at  December 1,209,015,874 1,209,015,874
Deutsche Post DHL Annual Report 
172