Earnings

Changes in reporting and portfolio

At the beginning of 2010, we transferred DHL Express Sweden’s domestic business to DHL Freight Sweden and adjusted the prior-year segment reporting figures accordingly.

At the beginning of March, DHL Express UK completed the sale of its day-definite domestic business. All assets and liabilities had previously been classified as held for sale.

In April, DHL Supply Chain Austria sold parts of its contract logistics operations. The transaction involved the temperature-controlled logistics and transport business.

At the end of June, DHL Express France sold its day-definite domestic business. All assets and liabilities had already been classified as held for sale as at 31 December 2009.

As at 1 July 2010, we transferred significant parts of Williams Lea Germany from the SUPPLY CHAIN division to the MAIL division. The two businesses have many strategic and operational elements in common, such as those relating to the E-Postbrief. The prior-year segment reporting figures were adjusted accordingly.

In August, we acquired the online advertising services provider "nugg.ad AG predictive behavioral targeting", Germany, which has been fully consolidated.

In accordance with the revised IAS 39, the previously unrecognised forward transaction involving 27.4% of Postbank’s shares for Deutsche Bank has been recognised in profit and loss and included at its fair value in net financial income since 1 January 2010.