DHL 2012 Annual Report Download - page 150
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,
In the rst quarter of , Global Forwarding & Co.
( Oman), Oman, was deconsolidated, as the reasons for con-
solidation no longer existed. e company has been accounted for
using the equity method since February .
Disposal and deconsolidation effects,
m
Oman , Total1 January to 31 December
Non-current assets 0 38 38
Current assets 8 19 27
Assets held for sale 1 0 0 0
Cash and cash equivalents 1 9 10
Assets 9 66 75
Non-current liabilities and provisions 0 24 24
Current liabilities and provisions 6 41 47
Liabilities associated with assets held for sale 1 0 0 0
Equity and liabilities 6 65 71
Net assets 314
Total consideration received 1 2 49 50
Income (+) / expenses (–) from the currency translation reserve 0–4 –4
Non-controlling interests 2 0 2
Deconsolidation gain (+) 0 44 44
1 Data before deconsolidation.
2 Fair value of existing investment.
Disposal gains are shown under other operating income;
disposal losses are reported under other operating expenses.
Disposal and deconsolidation effects in
In April , Deutsche Post DHL sold the freight forward-
ing company Exel Transportation Services Inc., , including
Exel Trucking Inc., , and Exel Transportation Services Inc.
( Canadian Branch), Canada, to the -based Hub Group.
At the end of June , Express Canada sold its domes-
tic Canadian express business to TransForce, a transport company.
e two companies entered into a ten-year strategic alliance. e
domestic express business is to be handled by TransForce’s Loomis
Express subsidiary. Express Canada will continue to provide
international express services.
e sale of four Chinese companies, the sale of assets of the
Australian company Western Australia and the sale of Northern
Kope Parcel Express, Australia, are reported in the Miscellaneous
column.
,
Part of the transport and warehouse services business of
Freight Netherlands . ., the Netherlands, was sold in the third
quarter of . e eects are presented in the Miscellaneous
column.
Deutsche Post DHL Annual Report
146