DHL 2010 Annual Report Download - page 216

 e absolute performance target is met if the closing price of
Deutsche Post shares is at least , ,  or   above the issue
price.  e relative performance target is tied to the performance
of the shares in relation to the  Europe  Index ,
 . It is met if the share price equals the index
performance during the performance period or if it outperforms
the index by at least  .
 e fair value of the   Plan and the Long-Term
Incentive Plan for members of the Board of Management 
 was determined using a stochastic simulation model. As
a result, an expense of   million was recognised for  nancial year
 (previous year:   million).
See Note . for further disclosures on share-based pay-
ment for members of the Board of Management. A provision for
the   and the   Plan (Board of Management
and executives) was recognised as at the balance sheet date in the
amount of   million (previous year:   million).
 Related party disclosures
Deutsche Post DHL applied the partial exemption from dis-
closure provided by the revised   for government-related
entities early as at  December .
. Related party disclosures (companies and Federal Republic
ofGermany)
All companies classi ed as related parties that are controlled
by the Group or on which the Group can exercise signi cant in u-
ence are recorded in the list of shareholdings, see Note , together
with information on the equity interest held, their equity and their
net pro t or loss for the period, broken down by geographical areas.
Deutsche Post  maintains a variety of relationships with
the Federal Republic of Germany and other companies controlled
by the Federal Republic of Germany.
 
 s 2006 tranche 2007 tranche 2008 tranche 2009 tranche 2010 tranche
Issue date 1 July 2006 1 July 2007 1 July 2008 1 July 2009 1 July 2010
Issue price € 20.70 € 24.02 € 18.40 € 9.52 € 12.27
Waiting period expires 30 June 2009 30 June 2010 30 June 2011 30 June 2013 30 June 2014
A maximum of four out of every six  s can be “earned”
via the absolute performance target, and a maximum of two via
the relative performance target. If neither an absolute nor a relative
performance target is met by the end of the waiting period, the
 s attributable to the related tranche will expire without replace-
ment or compensation. More details on the   tranches are
shown in the following table:
 e federal government is a customer of Deutsche Post 
and as such uses the company’s services. Deutsche Post  has
direct business relationships with the individual public authori-
ties and other government agencies as independent individual
customers.  e services provided for these customers are insigni -
cant in respect of Deutsche Post ’s overall revenue.
   
KfW Bankengruppe (KfW) supports the federal government
in continuing to privatise companies such as Deutsche Post 
or Deutsche Telekom . In , KfW, together with the federal
government, developed a “placeholder model” as a tool to priva-
tise government-owned companies. Under this model, the federal
govern ment sells all or part of its investments to KfW with the aim
of fully privatising these state-owned companies. On this basis,
KfW has purchased shares of Deutsche Post  from the federal
government in several stages since  and executed various capi-
tal market transactions using these shares. KfW’s current interest in
Deutsche Post ’s share capital is . .
     
 
 e Bundesanstalt für Post und Telekommunikation e.V.
(BAnstPT) is a government agency and falls under the technical
and legal supervision of the German Federal Ministry of Finance.
Under the Bundesanstalt-Reorganisationsgesetz (German federal
agency reorganisation act), which entered into force on  Decem-
ber , the Federal Republic of Germany directly undertakes
the tasks relating to holdings in postal service successor compa-
nies through the Federal Ministry of Finance. It is therefore no
longer necessary for the BAnstPT to perform the “tasks associated
with ownership”.  e BAnstPT manages the social facilities such
as the Postal Civil Service Health Insurance Fund, the recreation
Deutsche Post DHL Annual Report 
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