DHL 2010 Annual Report Download - page 52

In April,  Supply Chain Austria sold parts of its contract logistics operations.
 e transaction involved the temperature-controlled logistics and transport business.
At the end of June,  Express France sold its day-de nite domestic business. All
assets and liabilities had already been classi ed as held for sale as at  December .
As at  July , we transferred signi cant parts of Williams Lea Germany from
the   division to the  division.  e two businesses have many strate-
gic and operational elements in common, such as those relating to the -Postbrief.  e
prior-year segment reporting  gures were adjusted accordingly.
In August, we acquired the online advertising services provider “nugg.ad  predic-
tive behavioral targeting”, Germany, which has been fully consolidated.
In accordance with the revised  , the previously unrecognised forward trans-
action involving .  of Postbank’s shares for Deutsche Bank has been recognised in
pro t and loss and included at its fair value in net  nancial income since  January .
Increase in consolidated revenue from continuing operations
Consolidated revenue from continuing operations rose .  year-on-year to
 , million (previous year:  , million). Currency e ects of  , million
contributed to this increase.  e share of consolidated revenue generated abroad rose
from .  to . .
Higher volumes lead to increased expenses
 e restructuring measures initiated in the previous year led to non-recurring
expenses of   million in the reporting year (previous year:  , million), the
majority of which (  million) was incurred in the  division.
At  , million, other operating income was slightly higher than in the prior-year
period ( , million).
Volume growth and an increase in the oil price led to a rise in the materials expense
for the reporting year from  , million to  , million.
In contrast, restructuring measures in the express business in particular led to staff
costs declining by a total of   million or .  to  , million.  is was o set by
  million for one-time end-of-year bonuses for all Group employees.
At   million, depreciation, amortisation and impairment losses were down by . 
on the prior-year  gure ( , million).  e restructuring measures implemented in
the previous year resulted in prospective recognition of part of this item.
In contrast, other operating expenses were up   million on the  gure for the previ-
ous year to  , million; this was due in particular to an increase in expenses attribut-
able to asset disposals.  ese include e ects relating to the above-mentioned sales in the
United Kingdom, France and Austria.
. Consolidated revenue
from continuing operations
 m
2010
51,481
16,527 34,954
2009
46,201
16,269 29,932
Germany Abroad
Note 
Note 
Note 
Note 
Note 
Deutsche Post DHL Annual Report 
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