DHL 2011 Annual Report Download - page 106

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Aggregate and report:  e control units responsible collect the results, evaluate them
and review them for plausibility. If individual  nancial e ects overlap, they are
noted in our database and accounted for in the aggregation. A er being approved
by the department head, all results are passed on to the next level in the hierarchy.
 e “aggregate and report” step is complete when Corporate Controlling reports to
the Group Board of Management on the signi cant opportunities and risks as well
as any overall impact each division might experience. In addition, opportunities
and risks are aggregated for key organisational levels. We use two methods for this.
In the  rst method, we calculate a possible spectrum of results for the divisions
and add the respective scenarios together.  e totals for “worst case” and “best case”
indicate the total spectrum of results for the division in question. Within these ex-
tremes, the total “expected cases” shows current expectations.  e second method
involves use of a Monte Carlo simulation, the results of which are regularly included
in the opportunity and risk reports to the Board of Management at the divisional
level.
3 Overall strategy:  e Group Board of Management determines fundamental oppor-
tunities and risks to which the divisions are exposed and indicates how these can be
managed successfully.  e reports made by Corporate Controlling provide a regular
basis of information for the overall management of opportunities and risks.
4 Operating measures: As part of the strategy, the divisions determine the measures to
be used to take advantage of opportunities and manage risks.  ey use cost-bene t
analyses to assess whether opportunities should be taken and whether risks can be
avoided, mitigated or transferred to third parties.
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Control: For key opportunities and risks, early warning indicators have been de ned
that are monitored constantly by those responsible. Corporate Internal Audit has
the task of ensuring that the Board of Management’s speci cations are adhered to.
It also reviews the quality of the entire opportunity and risk management operation.
 e control units regularly analyse all parts of the process as well as the reports from
Internal Audit and the independent auditors with the goal of identifying potential
for improvement and make adjustments where necessary.
Internal accounting control and risk management system
(disclosures required under section  , number  of the Handelsgesetzbuch
( – German Commercial Code) and explanatory report)
Deutsche Post DHL uses an internal accounting control system to ensure that Group
accounting adheres to generally accepted accounting principles.  is system is intended
to make sure that statutory provisions are complied with and that both internal and
external accounting provide a valid depiction of business processes in  gures. All  gures
are to be entered and processed accurately and completely. Accounting mistakes are to
be avoided in principle and signi cant assessment errors uncovered promptly.
Deutsche Post DHL Annual Report 
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