Deutsche Post DHL - Annual Report 2009 - 21 Profit / loss from discontinued operations

21 Profit/loss from discontinued operations

In accordance with IFRS 5, the profit of the Deutsche Postbank Group for the months of January and February 2009 is reported in the income statement under profit/loss from discontinued operations.


€m
	2008	2009
Income from banking transactions (revenue)	11,226	1,634
Other operating income	–998	–27
Total operating income	10,228	1,607
Expenses from banking transactions (materials expense)	–8,270	–1,190
Staff costs	–1,337	–219
Depreciation, amortisation and impairment losses	–179	0
Other operating expenses	–1,313	–222
Total operating expenses	–11,099	–1,631
Loss from operating activities (EBIT)	–871	–24
Net finance costs	–73	–13
Loss before taxes from discontinued operations	–944	–37
Attributable tax income	150	25
Loss after taxes from discontinued operations	–794	–12
Reversal of negative goodwill (arising from increase in equity investment)/deconsolidation effects	81	444
Profit/loss from discontinued operations	–713	432

Since March 2009, the remaining shares in the Deutsche Postbank Group have been reported at their equity-method carrying amount under investments in associates, whilst its profit or loss has been reported under net income from associates.

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