DHL 2010 Annual Report Download - page 188

Changes in treasury shares are presented in the statement
ofchanges in equity.
 Equity attributable to Deutsche Post  shareholders
 e equity attributable to Deutsche Post  shareholders in
 nancial year  amounted to  , million (previous year:
 , million).
Dividends
Dividends paid to the shareholders of Deutsche Post 
are based on the net retained pro t of  , million reported
inDeutsche Post ’s annual  nancial statements in accordance
with the Handelsgesetzbuch ( – German commercial code).  e
amount of   million remaining a er deduction ofthe planned
total dividend of   million (which corresponds to  . per
share) will be carried forward.
In  nancial year , a dividend of   million was paid
for . In the previous year, dividend payments for  also
amounted to   million.  is corresponds to a dividend per
share of  . in both years.  e dividend is tax-exempt for share-
holders resident in Germany. No capital gains tax (investment
income tax) will be withheld on the distribution.
 Non-controlling interests
 is balance sheet item includes adjustments for the interests
of non-Group shareholders in the consolidated equity from acqui-
sition accounting, as well as their interests in pro t or loss.  e in-
terests relate primarily to the following companies:
 Provisions for pensions and similar obligations
 e information below on pension obligations is broken
down into the following areas: Germany,  and Other.
Reserve for treasury shares
 m
2009 2010
 January 0 0
Treasury shares acquired 0–9
Treasury shares issued 0 8
 December 0–1
 m
2009 2010
 Sinotrans International Air Courier Ltd., China 53 84
Lemuir Logistics Private Limited, India 15 18
Blue Dart Express Limited, India 14 18
Tradeteam Limited,  16 18
Other companies –1 47
Non-controlling interests 97 185
. Revaluation reserve in accordance with  
 e revaluation reserve in accordance with   includes
the hidden reserves of  Logistics Co. Ltd., China (formerly
Exel Sinotrans Freight Forwarding Co. Ltd.) from purchase price
allocation.  ese are attributable to the customer relationships con-
tained in the   interest previously held and to adjustments to
deferredtaxes.
. Currency translation reserve
 e currency translation reserve includes the translation
gains and losses from the consolidation of the subsidiaries report-
ing in foreign currency.
 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.
As a result of the discontinuation of Express ’s domes-
tic business, the shares held by other shareholders in  Air
Cargo Holdings, , which had previously already been fully
consolidated as a special purpose entity, were purchased in No-
vember .   million was paid out in cash and other assets,
mainly aircra , in return for the shares.   million in further trans-
action costs was added to this.  is transaction was accounted for
as a transaction between equity holders in accordance with  .
Retained earnings include the reserve for treasury shares, which
changed as follows:
 m
2009 2010
As at  January 8 7
Changes recognised in other comprehensive income –1 –1
Revaluation reserve in accordance with  
as at December 7 6
 m
2009 2010
As at  January –1,397 –1,215
Changes recognised in profi t or loss 31 20
Changes recognised in other comprehensive income 151 513
Currency translation reserve as at  December –1,215 – 682
 m
2009 2010
As at  January 6,178 6,098
Dividend payment –725 –725
Consolidated net profi t for the period 644 2,541
Transactions with non-controlling interests 0 –147
Miscellaneous other changes 1 0
Retained earnings as at  December 6,098 7,767
Deutsche Post DHL Annual Report 
174