IFRS 8 (Operating Segments) has been required to be applied since financial year 2009. Deutsche Post DHL reports four operating segments; these are managed independently by the responsible segment management bodies in line with the products and services offered and the brands, distribution channels and customer profiles involved. Components of the entity are defined as a segment on the basis of the existence of segment managers with bottom-line responsibility who report directly to Deutsche Post DHL’s top management.
The “Consolidation” column and the “Corporate Center/Other” collective segment are reported separately. The collective segment comprises the activities of Global Business Services (GBS) and the Corporate Center, as well as other non-operating activities and other business activities. The profit/loss generated by GBS is allocated to the other operating segments, whilst its assets and liabilities remain with GBS (asymmetrical allocation).
In keeping with internal reporting, capital expenditure (capex) is disclosed in place of the segment investments. The difference is that intangible assets are reported net of goodwill in the capex figure.
The prior-year figures were adjusted because the Pension Service was reallocated from the FINANCIAL SERVICES segment to the MAIL Division in the third quarter of 2008.
The main geographical regions in which the Group is active are Germany, Europe, the Americas, Asia Pacific and other regions. External revenue, non-current assets and capex are disclosed for these regions. Revenue is allocated to the individual regions on the basis of the location of the reporting entity. The prior-year figures were adjusted accordingly. Non-current assets primarily comprise intangible assets, property, plant and equipment and other non-current assets.
The Deutsche Postbank Group is reported as a discontinued operation for the months of January and February. As of March, the remaining shares disclosed under investments in associates and the net income from associates are reported in the column entitled “Corporate Center/Other”.
|H1 2008||H1 2009|
|Total comprehensive income of reportable segments||1,127||277|
|Reconciliation to Group/Consolidation||0||0|
|Profit from operating activities (EBIT)||905||136|
|Net finance costs/net financial income||–313||610|
|Profit before income taxes||592||746|
|Income tax expense||–71||–150|
|Profit from discontinued operations||240||432|
|Consolidated net profit for the period||761||1,028|