DHL 2011 Annual Report Download - page 54

Transport costs push up materials expense
 e materials expense rose  , million to  , million in the year under
review due to an increase in transport volumes, freight costs and oil prices.
Sta costs edged up by .  to  , million (previous year:  , million).
By contrast, depreciation, amortisation and impairment losses decreased slightly
by   million to  , million.
Other operating expenses were down signi cantly year-on-year, at  , million
(previous year:  , million). In , the  gure mainly included expenses attribut able
to asset disposals arising from the sale of business units in the , France and Austria.
Signifi cantly improved consolidated 
Pro t from operating activities  improved signi cantly year-on-year, rising
.  or   million to  , million. In the fourth quarter of , pro t increased
.  to   million.  e smaller increase is largely attributable to the expenses arising
in connection with the sale of business units in the , France and Austria in the  rst
half of the previous year.
Net  nance costs amounted to   million in the reporting year (previous year: net
 nancial income of   million).  e  gure for  nancial year  had been li ed in
particular by  , million by the initial fair value measurement of a forward related
to the second tranche of the Postbank sale.
Pro t before income taxes declined from  , million to  , million in .
Income taxes increased by   million to   million, due to higher taxable income.
Net profi t and earnings per share down year-on-year
Consolidated net pro t for the period declined during the year under review, falling
from  , million to  , million. Of this amount,  , million is attributable to
shareholders of Deutsche Post  and   million to non-controlling interest holders.
In the previous year, above all the initial measurement of the forward from the sale of
Postbank had li ed consolidated net pro t for the period by  , million. Both basic
and diluted earnings per share fell 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 
 m
2011
2,436
2010
1,835
1
1 In the previous year  before non-recurring
items was  , million.
. Total dividend and dividend
per no-par value share
 m
          1
Dividend per no-par value share 
1 Proposal.
846
1,087
725 725 786
0.60 0.60 0.65
0.90
0.75
0.70
0.50
0.44
0.40
903
836
556
490
445 0.70
Deutsche Post DHL Annual Report 
48