Deutsche Post DHL Annual Report 2013

2013 Annual Report

Consolidated Financial Statements

Excerpts from Deutsche Post AG's 2013 Group Annual Report.

Income Statement

1 January to 31 DecemberXLS
€m
   
Note
  2012
adjusted1
  2013
Revenue   11   55,512   55,085
Other operating income   12   2,168   1,961
Total operating income       57,680   57,046

Materials expense
 
13
 
–31,863
 
–31,212
Staff costs   14   –17,770   –17,785
Depreciation, amortisation and impairment losses   15   –1,339   –1,341
Other operating expenses   16   –4,043   –3,847
Total operating expenses       –55,015   –54,185

Profit from operating activities (EBIT)
     
2,665
 
2,861
Net income from associates   17   2   2
Other financial income       657   182
Other finance costs       –1,078   –431
Foreign currency result       –37   –42
Net other finance costs   18   –458   –291

Net finance costs
     
–456
 
–289

Profit before income taxes
     
2,209
 
2,572
Income taxes   19   –447   –361

Consolidated net profit for the period
 
20
 
1,762
 
2,211
attributable to Deutsche Post AG shareholders       1,640   2,091
attributable to non-controlling interests   21   122   120

Basic earnings per share (€)
 
22
 
1.36
 
1.73

Diluted earnings per share (€)
 
22
 
1.30
 
1.66
  1. 1 Note 4.

 

Statement of Comprehensive Income

1 January to 31 DecemberXLS
€m
   
Note
  2012
adjusted1
  2013
Consolidated net profit for the period       1,762   2,211

Items that will not be reclassified to profit or loss
           
Change due to remeasurements of net pension provisions       –1,198   –50
IFRS 3 revaluation reserve       –2   –1
Other changes in retained earnings       2   1
Income taxes relating to components of other comprehensive income       8   36
Share of other comprehensive income of associates (after tax)       0   0
Total (after tax)       –1,190   –14
Items that may be subsequently reclassified to profit or loss            
IAS 39 revaluation reserve            
Changes from unrealised gains and losses       –12   77
Changes from realised gains and losses       0   0
IAS 39 hedging reserve            
Changes from unrealised gains and losses       –23   111
Changes from realised gains and losses       59   –49
Currency translation reserve            
Changes from unrealised gains and losses       0   –463
Changes from realised gains and losses       3   1
Income taxes relating to components of other comprehensive income   19   –7   –26
Share of other comprehensive income of associates (after tax)       –37   0
Total (after tax)       –17   –349
Other comprehensive income (after tax)      
–1,207
 
–363

Total comprehensive income
     
555
 
1,848
attributable to Deutsche Post AG shareholders       435   1,738
attributable to non-controlling interests       120   110
  1. 1 Note 4.

 

Balance Sheet

 XLS
€m
   
Note
  1 Jan.
2012
adjusted1
  31 Dec. 2012
adjusted1
  31 Dec. 2013

ASSETS
               
Intangible assets   24   12,196   12,151   11,836
Property, plant and equipment   25   6,493   6,663   6,814
Investment property   26   40   43   33
Investments in associates   27   44   46   48
Non-current financial assets   28   729   1,039   1,124
Other non-current assets   29   280   298   184
Deferred tax assets   30   1,206   1,328   1,327
Non-current assets      
20,988
 
21,568
 
21,366

Inventories
 
31
 
273
 
322
 
403
Current financial assets   32   2,498   252   821
Trade receivables   33   6,934   6,959   7,040
Other current assets   34   2,155   2,153   2,221
Income tax assets   35   239   127   168
Cash and cash equivalents   36   3,123   2,400   3,417
Assets held for sale   37   1,961   76   42

Current assets
     
17,183
 
12,289
 
14,112

Total ASSETS
     
38,171
 
33,857
 
35,478

EQUITY AND LIABILITIES
               
Issued capital   38   1,209   1,209   1,209
Capital reserves   39   2,170   2,254   2,269
Other reserves   40   –456   –475   –819
Retained earnings   41   6,366   6,031   7,198
Equity attributable to Deutsche Post AG shareholders   42   9,289   9,019   9,857
Non-controlling interests   43   189   209   191
Equity      
9,478
 
9,228
 
10,048

Provisions for pensions and similar obligations
 
44
 
6,055
 
5,216
 
5,017
Deferred tax liabilities   30   186   156   124
Other non-current provisions   45   2,117   1,943   1,574
Non-current provisions       8,358   7,315   6,715

Non-current financial liabilities
 
46
 
1,366
 
4,413
 
4,612
Other non-current liabilities   47   347   276   227
Non-current liabilities       1,713   4,689   4,839
Non-current provisions and liabilities      
10,071
 
12,004
 
11,554

Current provisions
 
45
 
2,134
 
1,663
 
1,745

Current financial liabilities
 
46
 
5,644
 
403
 
1,328
Trade payables   48   6,168   5,991   6,392
Other current liabilities   47   4,106   4,004   3,981
Income tax liabilities   35   570   534   430
Liabilities associated with assets held for sale   37   0   30   0
Current liabilities       16,488   10,962   12,131
Current provisions and liabilities      
18,622
 
12,625
 
13,876

Total EQUITY AND LIABILITIES
     
38,171
 
33,857
 
35,478
  1. 1 Note 4.

 

Cash Flow Statement

1 January to 31 DecemberXLS
€m
   
Note
  2012
adjusted1
  2013
Consolidated net profit for the period attributable to Deutsche Post AG shareholders       1,640   2,091
Consolidated net profit for the period attributable to non-controlling interests       122   120
Income taxes       447   361
Net other finance costs       458   291
Net income from associates       –2   –2
Profit from operating activities (EBIT)       2,665   2,861
Depreciation, amortisation and impairment losses       1,339   1,341
Net income from disposal of non-current assets       –74   –22
Non-cash income and expense       –97   16
Change in provisions       –3,034   –505
Change in other non-current assets and liabilities       –53   –52
Income taxes paid       –527   –561
Net cash from operating activities before changes in working capital       219   3,078

Changes in working capital
           
Inventories       –51   –104
Receivables and other current assets       –221   –670
Liabilities and other items       –150   690
Net cash used in/from operating activities   49.1   –203   2,994

Subsidiaries and other business units
     
39
 
32
Property, plant and equipment and intangible assets       225   177
Other non-current financial assets       35   32
Proceeds from disposal of non-current assets       299   241

Subsidiaries and other business units
     
–57
 
–37
Property, plant and equipment and intangible assets       –1,639   –1,389
Other non-current financial assets       –336   –68
Cash paid to acquire non-current assets       –2,032   –1,494

Interest received
     
46
 
42
Dividend received       0   14
Current financial assets       –10   –575
Net cash used in investing activities   49.2   –1,697   –1,772

Proceeds from issuance of non-current financial liabilities
     
3,176
 
1,010
Repayments of non-current financial liabilities       –773   –34
Change in current financial liabilities       –50   35
Other financing activities       31   39
Proceeds from transactions with non-controlling interests and venturers       49   1
Cash paid for transactions with non-controlling interests       –62   –21
Dividend paid to Deutsche Post AG shareholders       –846   –846
Dividend paid to non-controlling interest holders       –78   –109
Purchase of treasury shares       –26   –23
Proceeds from issuing shares or other equity instruments       74   4
Interest paid       –296   –166
Net cash from/used in financing activities   49.3   1,199   –110

Net change in cash and cash equivalents
     
–701
 
1,112
Effect of changes in exchange rates on cash and cash equivalents       –15   –102
Changes in cash and cash equivalents associated with assets held for sale       –7   7
Changes in cash and cash equivalents due to changes in consolidated group       0   0
Cash and cash equivalents at beginning of reporting period       3,123   2,400
Cash and cash equivalents at end of reporting period   49.4   2,400   3,417
  1. 1 Note 4.

 

Statement of Changes in Equity

1 January to 31 DecemberXLS
€m
   

Issued capital
      Other reserves  

Retained earnings
 

Equity attributable to Deutsche Post AG shareholders
 

Non-controlling interests
 

Total equity
   
Capital reserves
  IFRS 3
revaluation reserve
  IAS 39
revaluation reserve
  IAS 39
hedging reserve
  Currency translation
reserve
Note   38   39   40   40   40   40   41   42   43    
Balance at 1 January 2012   1,209   2,170   5   90   –34   –517   8,086   11,009   190   11,199
Adjustment1   0   0   0   0   0   0   –1,720   –1,720   –1   –1,721
Balance at 1 January 2012, adjusted   1,209   2,170   5   90   –34   –517   6,366   9,289   189   9,478
Capital transactions with owner                                        
Dividend   0   0   0   0   0   0   –846   –846   –79   –925
Transactions with non-controlling interests   0   0   0   0   0   –2   61   59   –25   34
Changes in non-controlling interests due to changes in consolidated group  
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
4
 
4
Issue of shares or other equity instruments   0   74   0   0   0   0   0   74   0   74
Purchase of treasury shares   –2   0   0   0   0   0   –24   –26   0   –26
Share Matching Scheme (issuance)   0   34   0   0   0   0   0   34   0   34
Share Matching Scheme (exercise)   2   –24   0   0   0   0   22   0   0   0
                                –705   –100   –805
Total comprehensive income                                        
Consolidated net profit for the period   0   0   0   0   0   0   1,640   1,640   122   1,762
Currency translation differences   0   0   0   0   0   49   0   49   –2   47
Change due to remeasurements
of net pension provisions
 
0
 
0
 
0
 
0
 
0
 
0
 
–1,190
 
–1,190
 
0
 
–1,190
Other changes   0   0   –2   –91   27   0   2   –64   0   –64
                                435   120   555
Balance at 31 December 2012, adjusted1   1,209   2,254   3   –1   –7   –470   6,031   9,019   209   9,228

Balance at 1 January 2013
 
1,209
 
2,254
 
3
 
–1
 
–7
 
–470
 
6,031
 
9,019
 
209
 
9,228

Capital transactions with owner
                                       
Dividend   0   0   0   0   0   0   –846   –846   –111   –957
Transactions with non-controlling interests   0   0   0   0   0   –5   –61   –66   –19   –85
Changes in non-controlling interests due to changes in consolidated group  
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
–3
 
–3
Issue of shares or other equity instruments   0   0   0   0   0   0   0   0   5   5
Purchase of treasury shares   –1   0   0   0   0   0   –22   –23   0   –23
Share Matching Scheme (issuance)   0   35   0   0   0   0   0   35   0   35
Share Matching Scheme (exercise)   1   –20   0   0   0   0   19   0   0   0
                                –900   –128   –1,028

Total comprehensive income
                                       
Consolidated net profit for the period   0   0   0   0   0   0   2,091   2,091   120   2,211
Currency translation differences   0   0   0   0   0   –451   0   –451   –11   –462
Change due to remeasurements
of net pension provisions
 
0
 
0
 
0
 
0
 
0
 
0
 
–15
 
–15
 
1
 
–14
Other changes   0   0   –1   69   44   0   1   113   0   113
                                1,738   110   1,848
Balance at 31 December 2013   1,209   2,269   2   68   37   –926   7,198   9,857   191   10,048
  1. 1 Note 4.

 

Notes

The Notes are available as a PDF file.

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2013 Annual Report

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2013 Annual Report

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