In addition to Deutsche Post AG as the Group parent, the consolidated group generally includes all German and foreign entities in which Deutsche Post AG directly or indirectly holds a majority of voting rights, or whose activities it is otherwise able to control.

In March 2007, Deutsche Post World Net sold all shares in Vfw AG, Cologne. This resulted in a deconsolidation gain of €59 million, which is reported in other operating income.

On 8 June 2007, Deutsche Post World Net acquired 49% of the shares and 24.9% of the voting rights of US airline ASTAR Air Cargo Holdings LLC (Astar). In accordance with SIC 12, the company was fully consolidated. Owing to past business arrangements, Astar aircraft have since 1 January 2006 been included in the consolidated financial statements as finance leases in accordance with IFRIC 4 in conjunction with IAS 17. The initial consolidation of Astar does not therefore result in any significant effects on property, plant and equipment. Purchase price allocation will be completed in the fourth quarter and presented in the consolidated financial statements as at 31 December 2007.

The following tables show the purchase price allocation for The Stationery Office (TSO), London, which was acquired on 10 January 2007. TSO provides print and document management services primarily for British government agencies and public-sector organisations.

As part of the acquisition, Deutsche Post World Net repaid financial liabilities in the amount €135 million.

On 25 June 2007, Deutsche Post World Net acquired a 49% interest in US company Polar Air Cargo Worldwide, Inc. (Polar Air Cargo), a leading provider of global air freight services. Polar Air Cargo is included in the consolidated financial statements as an associate. The purchase price totalled €112 million, €56 million of which was paid on completion of the transaction. The remainder will be paid in two instalments, on 15 January 2008 and 17 November 2008 at the latest.

The Deutsche Postbank Group dissolved the special funds of BHW Bausparkasse AG as at 31 August 2007. BHW Lebensversicherung AG, Hamelin, including its special funds, and the 50% interest in PB Versicherung AG, Hilden, and PB Lebensversicherung AG, Hilden, were sold effective 30 September 2007. At the date of sale, the companies had a profit after taxes of €3.4 million. Their deconsolidation reduced assets by €2.5 billion and liabilities by €2.3 billion. Liabilities of €2.2 billion relate to technical reserves (insurance). The deconsolidation gain is reported in other operating income under net income from investment securities and insurance business (Deutsche Postbank Group).