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 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.
 m 2013
adjusted 1
2014
At  January 6,017 7,183
Dividend payment 846 –968
Consolidated net profit for the period 2,091 2,071
Change due to remeasurements of net pension
provisions 15 –2,061
Transactions with non-controlling interests – 62 –6
Miscellaneous other changes –2 51
Retained earnings at  December 7,183 6,168
1 Note .
e dividend payment to Deutsche Post  shareholders of
 million was made in May . is corresponds to a divi-
dend of . per share.
For information on the change due to remeasurements of net
pension provisions, see Note ..
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  shareholders in nan-
cial 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
Handels gesetzbuch ( – 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.
Total dividend
€ m
Dividend
per share
Dividend distributed in financial year 
for the year  968 0.80
Dividend distributed in financial year 
for the year  846 0.70
As the dividend is paid in full from the tax-specic capital
contribution account (steuerliches Einlagekonto as dened by sec-
tion of the rperschassteuergesetz (KStG – German Corpor-
ation Tax Act)) (contributions not made to subscribed capital),
payment will be made without the deduction of capital gains
tax or the solidarity surcharge. e dividend is tax exempt for
share holders resident in Germany. It does not entitle recipients
to a tax refund or a tax credit. In terms of taxation, the dividend
distribution is considered as a repayment of contributions from the
capital contribution account and – in the opinion of the tax author-
ities– serves to reduce the cost of acquiring the shares.
 Non-controlling interests
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
Non-controlling interests 207 190 204
1 Note .
is balance sheet item includes adjustments for the interests of
non-Group shareholders in the consolidated equity from acquisi-
tion accounting, as well as their interests in prot or loss.
e following table shows the companies to which the ma-
terial non-controlling interests relate:
 m 1 Jan. 2013
adjusted 1
2013
adjusted 1
2014
 Sinotrans International
Air Courier Ltd., China 107 115 143
Blue Dart Express Limited, India 29 23 8
Exel Saudia , Saudi Arabia 6 8 6
Tradeteam Limited,  13 0 0
Other companies 52 44 47
Non-controlling interests 207 190 204
1 Note .
e following two companies hold material non-controlling
interests:
 Sinotrans International Air Courier Ltd., China, which
has been assigned to the Express segment, provides domestic
and international express delivery and transport services.
Deutsche Post  Group holds a   share in the company.
Blue Dart Express Limited (Blue Dart), India, is a courier service
provider which has been assigned to the PeP segment. Deutsche
Post holds a share of   in Blue Dart.
Deutsche Post  Group —  Annual Report
176