DHL 2010 Annual Report Download - page 53

Signifi cantly improved  and net fi nancial income
Pro t from operating activities  from continuing operations rose by
 , million to  , million from the previous year’s  gure of   million. Pro t in
the previous year was a ected by non-recurring expenses of  , million; restructur-
ing activities in the reporting period led to one-time expenses of   million. Adjusted
for these items,  rose by   million, from  , million to  , million.
Net  nancial income rose signi cantly, from   million to   million. Since
January , this  gure has for the  rst time included the measurement of the forward
from the second tranche of the planned Postbank sale in the amount of  , million.
Pro t before income taxes rose by  , million to  , million. Income taxes
of   million were incurred (previous year:   million).  e measurement of the
derivatives from the planned Postbank sale had no e ect on tax. Overall, pro t from
continuing operations improved signi cantly by  , million to  , million in the
reporting period (previous year:   million).
Postbank included in net income from associates
Since Postbank was deconsolidated at the end of February , the previous year’s
pro t from discontinued operations contains the net loss generated in the  rst two
months and the deconsolidation e ect of   million. In the reporting period, the
Group’s share of Postbank’s pro t or loss is contained in net income from associates.
Consolidated net profi t and earnings per share up considerably
Consolidated net pro t for the period rose from   million to  , million.
 , million of this amount is attributable to shareholders of Deutsche Post  and
  million to non-controlling interest holders. Both basic and diluted earnings per
share rose signi cantly from  . to  ..
Dividend of  . per share proposed
At the Annual General Meeting on  May , the Board of Management and the
Supervisory Board will make a proposal to the shareholders to pay a dividend per share
of  . for  nancial year  (previous year:  .).  e distribution ratio based
on the consolidated net pro t attributable to Deutsche Post  shareholders amounts
to . .  e net dividend yield based on the year-end closing price of our shares is
. .  e dividend will be distributed on  May  and is tax-free for shareholders
resident in Germany.
. Consolidated 
from continuing operations
m
2010
2,205
370
1,835
2009
1,473
1,242
231
Before non-recurring items Reported
Non-recurring items
1,087
725 725 786
0.60 0.60 0.65
0.90
0.75
0.70
0.50
0.44
0.40
0.37
903
556
490
445
412
. Total dividend and dividend
per no-par value share
 m
         
1)
Dividend per no-par value share  
 Proposal.
836
Deutsche Post DHL Annual Report 
Group Management Report
Economic Position
Earnings
39