DHL 2011 Annual Report Download - page 225

to   million in  (previous year:   million).  e rent
was always paid on time. Deutsche Post Pensions-Treuhand
GmbH & Co.  owns   of Deutsche Post Pensionsfonds ,
which was established at the end of . No receivables or
liabilities were due as at  December .  ere were no sales
relation ships between external authorities and a Group company
of Deutsche Post  in .
   ,
   
In addition to the consolidated subsidiaries, the Group has
direct and indirect relationships with unconsolidated companies,
associates and joint ventures deemed to be related parties of the
Group in the course of its ordinary business activities. As part of
these activities, all transactions for the provision of goods and ser-
vices entered into with unconsolidated companies were conducted
on an arm’s length basis at standard market terms and conditions.
Transactions were conducted in  nancial year  with major
related parties, resulting in the following items in the consolidated
 nancial statements:
 m
2010 2011
Receivables 35 27
from associates 21 18
from joint ventures 5 5
from unconsolidated companies 9 4
Loans 33 33
to associates 0 0
to joint ventures 19 20
to unconsolidated companies 14 13
Receivables from in-house banking 3 3
from associates 0 0
from joint ventures 3 3
from unconsolidated companies 0 0
Financial liabilities 137 102
to associates 94 28
to joint ventures 10 5
to unconsolidated companies 33 69
Liabilities 35 33
to associates 17 10
to joint ventures 15 22
to unconsolidated companies 3 1
Revenue 287 290
from associates 267 269
from joint ventures 19 20
from unconsolidated companies 1 1
Expenses 1 600 629
due to associates 469 445
due to joint ventures 101 163
due to unconsolidated companies 30 21
1 Relate to materials expense and staff costs.
Deutsche Post  issued letters of commitment in the amount
of   million for these companies. Of this amount,   million
was attributable to associates,   million to joint ventures and
  million to unconsolidated companies.
Deutsche Post  also entered into an agreement with the
Federal Ministry of Finance dated  January  relating to the
transfer of civil servants to German federal authorities. Under this
agreement, civil servants are seconded with the aim of transferring
them initially for six months, and are then transferred permanently
if they successfully complete their probation. Once a permanent
transfer is completed, Deutsche Post  contributes to the cost
incurred by the federal government by paying a  at fee. In ,
this initiative resulted in  permanent transfers (previous year: )
and  secondments with the aim of a permanent transfer in 
(previous year: ).
    
 
Deutsche Post  and the German Federal Employment
Agency entered into an agreement dated  October  relating
to the transfer of Deutsche Post  civil servants to the Federal
Employment Agency. In , this initiative resulted in  perma-
nent transfers.
    
  
 e federal government holds around   of the shares of
Deutsche Telekom  directly and indirectly (via KfW Banken-
gruppe). A control relationship exists between Deutsche Telekom
and the federal government because the federal government,
despite its non-controlling interest, has a secure majority at
the Annual General Meeting due to its average presence there.
Deutsche Telekom is therefore a related party of Deutsche Post .
In  nancial year , Deutsche Post DHL provided goods and
services (mainly transport services for letters and parcels) for
Deutsche Telekom  and purchased goods and services (such as
 products) from Deutsche Telekom.
    
  
Deutsche Bahn  is wholly owned by the German govern-
ment. Owing to this control relationship, Deutsche Bahn  is a
related party to Deutsche Post . Deutsche Post DHL has vari-
ous business relationships with the Deutsche Bahn Group.  ese
mainly consist of transport service agreements.
--  
  . .
Information on the Bundes-Pensions-Service für Post- und
Telekommunikation e. V. - can be found in Note .
   
 e real estate with a fair value of  , million (previ-
ous year:  , million) of which Deutsche Post Betriebsrenten
Service e. V.  and / or Deutsche Post Pensions-Treuhand
GmbH & Co. , Deutsche Post Betriebsrenten-Service e. V. & Co.
Objekt Gronau  and Deutsche Post Grundstücks-Vermietungs-
gesellscha beta mbH Objekt Leipzig  are the legal or bene -
cial owners, is exclusively let to Deutsche Post Immobilien GmbH.
Rental expense for Deutsche Post Immobilien GmbH amounted
Deutsche Post DHL Annual Report 
Consolidated Financial Statements
Notes
Other disclosures
219