DHL 2011 Annual Report Download - page 183

 Net income from associates
 m
2010 2011
Net income from associates 56 60
Investments in companies on which a signi cant in uence
can be exercised and which are accounted for using the equity
method contributed   million (previous year:   million) to
net  nancial income / net  nance costs.   million (previous year:
  million) of this amount is attributable to Deutsche Postbank ,
which has been accounted for as an associate since March 
and measured in accordance with   since March .
 Net other fi nancial income / net other fi nance costs
 m
2010 2011
Other fi nancial income
Interest income 52 74
Income from other equity investments and fi nancial
assets 7 8
Other fi nancial income 2,192 508
2,251 590
Other fi nance costs
Interest expenses –712 – 660
of which on discounted provisions for pensions
and other provisions –362 –299
Write-downs of fi nancial assets –102 –98
Other fi nance costs – 521 – 633
–1,335 –1,391
Foreign currency result 17 –36
Net other fi nancial income / net other fi nance costs 933 – 837
Write-downs of  nancial assets also contain impairments
of   million (previous year:   million) in Corporate Center /
Other of the equity interest in Deutsche Postbank  due to the
decline in the share price at the time of reclassi cation as well as a
further   million (previous year:   million) impairment in the
 segment of the equity-accounted company Unipost Servicios
Generales . ., Spain.
Net  nancial income / net  nance costs includes interest in-
come of   million (previous year:   million) as well as interest
expense of   million (previous year:   million).  ese result
from  nancial assets and liabilities that were not measured at fair
value through pro t or loss.
 e main factor a ecting the net other  nance costs of
  million (previous year: net other  nancial income of   mil-
lion) is the planned sale of Postbank. In addition, this item includes
the changes in value resulting from the measurement of the
Deutsche Postbank shares before and a er they were reclassi ed as
held for sale in accordance with  ; Notes  and .
 Other operating expenses
 m
2010 2011
Travel and training costs 323 343
Other business taxes 376 315
Cost of purchased cleaning, transport and security
services 287 289
Warranty expenses, refunds and compensation
payments 228 241
Telecommunication costs 249 234
Advertising expenses 164 220
Write-downs of current assets 217 210
Insurance costs 124 203
Consulting costs 192 198
Expenses from currency translation differences 195 189
O ce supplies 183 173
Entertainment and corporate hospitality expenses 132 151
Services provided by the Federal Posts and
Telecommunications Agency 78 111
Other public relations expenses 117 93
Expenses for public relations and customer support 65 86
Voluntary social benefi ts 140 80
Expenses from disposal of assets 421 69
Commissions paid 65 63
Legal costs 207 62
Contributions and fees 41 61
Monetary transaction costs 30 33
Prior-period other operating expenses 17 31
Audit costs 30 30
Expenses from derivatives 71 28
Donations 19 17
Additions to provisions 116 9
Miscellaneous 398 356
Other operating expenses 4,485 3,895
 e decrease in other operating expenses is due primarily
to the higher losses on the disposal of assets in the previous year.
 ese related to the deconsolidation losses on the sale of business
activities in the , France and Austria; Note .
Miscellaneous other operating expenses include a large num-
ber of smaller individual items.
Taxes other than income taxes are either recognised under
the related expense item or, if no speci c allocation is possible,
under other operating expenses.
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Income statement disclosures
177