As of March 31, 2007, total assets amounted to €223,480 million, an increase of €5,782 million or 2.7% compared with December 31, 2006. This was mainly due to the increase in receivables and other securities, as well as liabilities from financial services items, both of which reflect the operating business of Postbank.

Noncurrent assets increased by €162 million to €26,236 million. Intangible assets recorded the greatest increase, at €101 million. The largest addition was the provisional goodwill from the acquisition of The Stationery Office. At €9,352 million, property, plant and equipment was almost unchanged as against the end of 2006 (€9,388 million).

Noncurrent financial assets fell slightly by 1.3% compared with December 31, 2006 to €981 million. At €426 million, other noncurrent assets were €50 million higher than at December 31, 2006 (€376 million), due primarily to the €36 million increase in pension plan assets.

As of the balance sheet date, current assets amounted to €197,244 million, an increase of 2.9% compared with December 31, 2006 (€191,624 million). The continued expansion of the operating business of Deutsche Postbank AG resulted in an increase in receivables and other securities from financial services, from €179,280 million to €183,732 million. In addition, current assets increased mainly as a result of the prepaid and deferred annual contribution to Bundes-Pensions-Service.

Equity amounted to €14,427 million as of the balance sheet date and was strengthened primarily by the net profit attributable to shareholders of Deutsche Post AG amounting to €499 million (December 31, 2006: €13,952 million).

Current and noncurrent liabilities increased by 2.6% to €194,494 million (December 31, 2006: €189,513 million), due largely to the growth in liabilities from financial services, which rose by €5,333 million. Group financial liabilities (excluding Postbank) declined by €112 million to €10,376 million. Trade payables were reduced by €471 million at the balance sheet date to €4,598 million. In contrast, current and noncurrent other liabilities rose from €4,401 million as of December 31, 2006 to €4,604 million, due in part to an increase in staff-related liabilities.

Current and noncurrent provisions increased by 2.3% to €14,559 million. This was attributable primarily to the increase in technical reserves (insurance) of Deutsche Postbank AG and the acquisition of The Stationery Office.