DHL 2014 Annual Report Download - page 54

In the Global Forwarding, Freight division, we sold the activities of Hull Blyth
Angola Ltd. not belonging to the core business and Hull Blyth Angola Viagens e Turismo
Lda. eective  July. All of the company’s assets and liabilities had previously been
reclassied as held for sale.
Eective  December, we acquired StreetScooter GmbH, Aachen. e company
assists us in further improving the 

eciency of our vehicle eet by developing
cost-eective electric vehicles for us.
Consolidated revenue up . 
Consolidated revenue rose by .  to , million in nancial year , although
negative currency eects reduced revenue by  million. e proportion of rev-
enue generated abroad remained stable year-on-year at .  (previous year: . ).
Changes in the portfolio reduced revenue by  million. At , million, rev enue
was up by  million in the fourth quarter of ; positive currency eects increased
this item by  million.
Other operating income rose from , million in the previous year to , mil-
lion. It increased by  million in the reporting year due to a change in the assess-
ment of settlement payment obligations assumed in the context of restructuring the 
express business, and other factors.
Higher transportation costs
Materials expense rose by , million to , million, especially due to higher
transportation costs and the increase in goods purchased and held for resale for the
business with the  National Health Service in the Supply Chain division.
Sta costs rose by .  to , million. is was mainly attributable to the
increase in the number of employees in the Supply Chain division and higher labour
costs in the PeP division.
Depreciation, amortisation and impairment losses increased from , million to
, million, due mainly to impairment losses on aircra and aircra parts amounting
to million.
At , million, other operating expenses were  million higher than in the
previous year (, million). e increase was attributable to a large number of
smaller factors.
. Development of revenue, other operating income and operating expenses
€m + / – %
Revenue 56,630 3.1 • Growth trends in the German parcel and international
express businesses remain intact.
• Currency effects reduce consolidated revenue by
 million.
Other operating income 2,016 2.8 • Restructuring provisions for the  express business
reversed.
Materials expense 32,042 3.2 • Higher transportation costs.
• Higher cost of goods purchased and held for resale
intheSupply Chain division.
Staff costs 18,189 2.3 • Increased number of staff, mostly in the SupplyChain
division.
• Higher labour costs in the PeP division.
Depreciation, amortisation
and impairment losses
1,381 3.3 • Includes impairment losses on aircraft of  million.
Other operating expenses 4,074 5.5 • Large number of smaller factors.
. Consolidated revenue
 m
2014
56,630
17,367 39,263
2013 adjusted
54,912
16,983 37,929
Germany Abroad
Deutsche Post  Group —  Annual Report
48