63 Additional information: consolidated financial statements including the Deutsche Postbank Group at equity (Postbank at equity)

In addition to the consolidated financial statements with their full inclusion of the Deutsche Postbank Group, consolidated financial statements were prepared including the Deutsche Postbank Group at equity, since the activities of the Deutsche Postbank Group differ substantially from the ordinary activities of the other companies in the Group. The Deutsche Postbank Group was excluded from full consolidation in the following consolidated financial statements as at 31 December 2008. The Deutsche Postbank Group is accounted for in these supplemental financial statements only as a financial investment carried at equity. The accounting treatment in these financial statements differs from the standards required by the IFRS to the extent that the Deutsche Postbank Group was not fully consolidated, as required by IAS 27, but was accounted for at equity.

The cash flow statement including Postbank at equity is based on the consolidated financial statements including Postbank at equity. This means that the cash flows of the Deutsche Postbank Group are eliminated, but the cash flows between the Group companies and the Deutsche Postbank Group are re-included. In addition, net income from the measurement of the Deutsche Postbank Group at equity is included as non-cash income in net cash from operating activities. The dividend paid by Deutsche Postbank AG to Deutsche Post AG is included in cash flows from investing activities. All other items are treated in the same way as in the consolidated cash flow statement. Further disclosures relating to the cash flow statement can be found in Note 50. 

63.1 Additional information: income statement (Postbank at equity)

1 January to 31 December
€m
	2007 restated1)	2008
Revenue	54,043	54,474
Other operating income	2,343	2,736
Total operating income	56,386	57,210
Materials expense	–30,703	–31,979
Staff costs	–17,169	–17,990
Depreciation, amortisation and impairment losses	–2,196	–2,662
Other operating expenses	–4,185	–5,146
Total operating expenses	–54,253	–57,777
Profit/loss from operating activities (EBIT)	2,133	–567
Net income from associates	3	2
Net income from measurement of Deutsche Postbank Group at equity	429	–357
Other financial income	103	621
Other finance costs	–1,051	–1,122
Net other finance costs	–948	–501
Net finance costs	–516	–856
Profit/loss before income taxes	1,617	–1,423
Income tax expense	–173	–200
Consolidated net profit/loss for the period	1,444	–1,623
attributable to Deutsche Post AG shareholders	1,383	–1,688
Minorities	61	65

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