DHL 2015 Annual Report Download - page 146

Deutsche Post  Group —  Annual Report
Disposal and deconsolidation effects, 
e disposal and deconsolidation eects in nancial year  were
as follows:
Disposal and deconsolidation effects, 
 m
Hull Blyth
Digital
Solutions
Business
Compador
Technologies Total1 January to 31 December
Non-current assets 1113
Current assets 3003
Cash and cash equivalents 0 0 0 0
 4116
Non-current provisions and liabilities 0055
Current provisions and liabilities 2013
   2068
Net assets 2 1 –5 –2
Total consideration received 2 4 –4 2
Income from the currency translation reserve 0 0 0 0
Non-controlling interests 0 0 2 2
Deconsolidation gain (+) / loss (–) 0 3 –1 2
 -  -  
e German company Compador Technologies, Berlin, was sold
and deconsolidated in December .
  
In December ,  Supply Chain Limited, , sold its Digital
Solutions Business by way of an asset deal.
 ,  
In July , activities not forming part of the core business of Hull
Blyth (Angola) Ltd., Angola, including the related non-current
assets and the company Hull Blyth Angola Viagens e Turismo Lda.,
Angola, were sold. During the course of the year, the assets and
liabilities were reclassied as assets held for sale and liabilities asso-
ciated with assets held for sale in accordance with  . e most
recent measurement of the assets prior to reclassication did not
indicate any impairment.
. Joint operations
Joint operations are consolidated in accordance with  , based
on the interest held.
A signicant joint operation is Aerologic GmbH (Aerologic),
Germany, a cargo airline domiciled in Leipzig. e company has
been allocated to the Express segment. It was jointly established by
Luhansa Cargo  and Deutsche Post Beteiligungen Holding
GmbH, which each hold   of its capital and voting rights.
Aerologic’s shareholders are simultaneously its customers, giving
them access to its freight aircra capacity. Aerologic serves the
 Express network exclusively from Monday to Friday, whilst it
iesfor the Luhansa Cargo network at weekends. In contrast to
itscapital and voting rights, the company’s assets and liabilities, as
well as its income and expenses, are allocated based on this user
relationship.
 Significant transactions
In the rst half of , .  of the shares in Sinotrans Ltd.
(Sinotrans), China, and shares in the property development com-
panies King’s Cross Central Property Trust and King’s Cross Central
General PartnerLtd. (King’s Cross companies), , were sold. e
gains on the disposal of the shares are reported in other operating
income, Note .
 Global Forwarding discontinued the use of the New Global
Forwarding  system. e majority of the assets capitalised in
relation to  were therefore written o,  Note  . In addition,
provisions of  million were recognised in this context in the
third quarter of . ey relate to unavoidable expenses from
ongoing contracts where the obligations exceed the economic bene-
ts, and are reported as materials expense. Income in the amount
of  million was recognised in the fourth quarter, based on agree-
ments with the implementation partner.
 Adjustment of prior-period amounts
No prior-period amounts were adjusted in nancial year .
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