DHL 2015 Annual Report Download - page 209

Deutsche Post  Group —  Annual Report
Deutsche Post  maintains a variety of relationships with the
Federal Republic of Germany (Federal Republic) and other com-
panies controlled by the Federal Republic.
e Federal Republic is a customer of Deutsche Post  and as
such uses the company’s services. Deutsche Post  has direct busi-
ness relationships with the individual public authorities and other
government agencies as independent individual customers. e
services provided for these customers are insignicant in respect of
Deutsche Post ’s overall revenue.
  
KfW supports the Federal Republic in continuing to privatise com-
panies such as Deutsche Post  or Deutsche Telekom . In ,
KfW, together with the Federal Republic, developed a “placeholder
model” as a tool to privatise government-owned companies. Under
this model, the Federal Republic sells all or part of its investments
to KfW with the aim of fully privatising these state-owned com-
panies. On this basis, KfW has purchased shares of Deutsche Post 
from the Federal Republic in several stages since  and executed
various capital market transactions using these shares. KfW’s current
interest in Deutsche Post ’s share capital is . . Deutsche Post 
is thus considered to be an associate of the Federal Republic.
    
 
e Bundesanstalt für Post und Telekommunikation (BAnstPT)
isagovernment agency and falls under the technical and legal
supervision of the German Federal Ministry of Finance. Under the
Bundes anstalt-Reorganisationsgesetz (German Federal Agency
Reorganisation Act), which entered into force on  December ,
the Federal Republic directly undertakes the tasks relating to hold-
ings in Deutsche Bundespost successor companies through the
Federal Ministry of Finance. It is therefore no longer necessary for
the BAnstPT to perform the “tasks associated with ownership”. e
BAnstPT manages the social facilities such as the postal civil service
health insurance fund, the recreation programme, the Versorgungs-
anstalt der Deutschen Bundespost  and the welfare service
forDeutsche Post , Deutsche Postbank  and Deutsche Tele-
kom, as well as setting the objectives for social housing. Since
 January , the BAnstPT has undertaken the tasks of the Post-
beamtenversorgungskasse (postal civil servant pension fund). Fur-
ther disclosures on the postal civil servant pension fund and the 
can be found Notes  and . e tasks mentioned are performed
on the basis of agency agreements. In , Deutsche Post  was
invoiced for  million (previous year:  million) in instalment
payments relating to services provided by the BAnstPT.
       
In nancial year , the German Federal Ministry of Finance and
Deutsche Post  entered into an agreement that governs the terms
and conditions of the transfer of income received by Deutsche Post 
from the levying of the settlement payment under the Gesetze über
den Abbau der Fehlsubventionierung im Wohnungswesen (German
Acts on the Reduction of Misdirected Housing Subsidies) relating
to housing benets granted by Deutsche Post . Deutsche Post 
transfers the amounts to the Federal Republic on a monthly basis.
Deutsche Post  also entered into an agreement with the
Federal Ministry of Finance dated  January  relating to the
transfer of civil servants to German federal authorities. Under this
agreement, civil servants are seconded with the aim of transferring
them initially for six months, and are then transferred permanently
if they successfully complete their probation. Once a permanent
transfer is completed, Deutsche Post  contributes to the cost in-
curred by the Federal Republic by paying a at fee. In , this
initiative resulted in  permanent transfers (previous year: )
and  secondments with the aim of a permanent transfer in 
(previous year: ).
      
Deutsche Post  and the German Federal Employment Agency
entered into an agreement dated  October  relating to the
transfer of Deutsche Post  civil servants to the Federal Employ-
ment Agency. In , as in the previous year, this initiative resulted
in no transfers.
       
e Federal Republic holds around   of the shares of Deutsche
Telekom  directly and indirectly (via KfW). A control relation-
ship exists between Deutsche Telekom  and the Federal Republic
because the Federal Republic, despite its non-controlling interest,
has a secure majority at the Annual General Meeting due to its
average presence there. Deutsche Telekom  is therefore a related
party of Deutsche Post . In nancial year , Deutsche Post 
Group provided goods and services (mainly transport services for
letters and parcels) for Deutsche Telekom  and purchased goods
and services (such as  products) from Deutsche Telekom .
       
Deutsche Bahn  is wholly owned by the Federal Republic. Owing
to this control relationship, Deutsche Bahn  is a related party to
Deutsche Post . Deutsche Post  Group has various business
relationships with the Deutsche Bahn Group. ese mainly consist
of transport service agreements.
   
e real estate with a fair value of , million (previous year:
, million), of which Deutsche Post Betriebsrenten Service e.V.
 and / or Deutsche Post Pensions-Treuhand GmbH & Co. ,
Deutsche Post Betriebsrenten-Service e.V. & Co. Objekt Gronau 
and Deutsche Post Grundstücks-Vermietungsgesellscha beta mbH
Objekt Leipzig  are the legal or benecial owners, is exclusivelylet
to Deutsche Post Immobilien GmbH. Rental expense for Deutsche
Post Immobilien GmbH amounted to  million in  (previous
year:  million). e rent was always paid on time. Deutsche Post
Pensions-Treuhand GmbH & Co.  owns   of Deutsche Post
Pensionsfonds . Further disclosures on pension funds can be
found in Notes  and .
199
Consolidated Financial Statements — NOTES — Other disclosures