DHL 2013 Annual Report Download - page 180

.   hedging reserve
e hedging reserve is adjusted by the eective portion of a
cash ow hedge. e hedging reserve is reversed to prot or loss
when the hedged item is settled.
 m
2012 2013
At  January –39 –3
Additions –29 111
Disposals in balance sheet (basis adjustment) 6 0
Disposals in income statement 59 – 49
  hedging reserve at  December before tax –3 59
Deferred taxes –4 –22
  hedging reserve at  December after tax –7 37
e change in the hedging reserve is mainly the result of the
recognition of previously unrealised gains and losses from hedging
future operating currency transactions. In the nancial year, un-
realised losses totalling  million and unrealised gains totalling
 million from the hedging reserve were recognised in operat-
ing prot (previous year: unrealised losses of  million and un-
realised gains of  million). ere were no disposals in net nance
costs in nancial year , as in the previous year, and no adjust-
ing entries (basis adjustments) for hedging transactions related to
the acquisition of non-current non-nancial assets (previous year:
 million). Deferred taxes have been recognised in respect of the
hedging reserve.
. Currency translation reserve
e currency translation reserve includes the translation
gains and losses from the consolidation of the subsidiaries report-
ing in foreign currency.
 m
2012 1 2013
At  January – 517 – 470
Transactions with non-controlling interests –2 –5
Comprehensive income
Changes from unrealised gains and losses 1 2 – 453
Changes from realised gains and losses 1 47 2
Currency translation reserve at  December – 470 –926
1 Prior-year amounts adjusted Note .
 Retained earnings
As well as the undistributed consolidated prots generated in
prior periods, retained earnings also contain the eects from trans-
actions with non-controlling interests. Changes in the reserves dur-
ing the nancial year are also presented in the statement of changes
in equity.
 m
2012 1 2013
At  January 6,366 6,031
Dividend payment – 846 – 846
Consolidated net profit for the period 1,640 2,091
Transactions with non-controlling interests 61 – 61
Change due to remeasurements of net
pension provisions –1,190 –15
Miscellaneous other changes 0–2
Retained earnings at  December 6,031 7,198
1 Prior-year amounts adjusted Note .
For information on the change due to remeasurements of net
pension provisions, see Note .
e dividend payment to Deutsche Post  shareholders of
 million was made in May . is corresponds to a divi-
dend of . per share.
e transactions with non-controlling interests reported in
the current nancial year include an option to acquire the remain-
ing   interest in Giorgio Gori Group, Italy, and the acquisition
of the remaining .  interest in Tradeteam Limited, .
In the previous year, these transactions comprised the sale of
.  of the shares in Blue Dart Express Limited, India, in which
the previous interest was . , and the acquisition of the re-
maining   interest in  Logistics Private Limited, India.
Changes in treasury shares are presented in the statement of
changes in equity.
 Equity attributable to Deutsche Post  shareholders
e equity attributable to Deutsche Post  share holders
in nancial year  amounted to , million ( January
, adjusted: , million;  December , adjusted:
, million).
Dividends
Dividends paid to the shareholders of Deutsche Post 
are based on the net retained prot of , million reported in
Deutsche Post ’s annual nancial statements in accordance with
the Handelsgesetzbuch ( – German Commercial Code). e
amount of  million remaining aer deduction of the planned
total dividend of  million (which corresponds to . per
share) will be carried forward; see also Note .
Total dividend
 m
Dividend
per share

Dividend distributed in financial year 
for the year  846 0.70
Dividend distributed in financial year 
for the year  846 0.70
e dividend is tax-exempt for shareholders resident in Ger-
many. No capital gains tax (investment income tax) will be with-
held on the distribution.
176 Deutsche Post DHL 2013 Annual Report
Notes
Balance sheet disclosures
Consolidated Financial Statements