In financial year 2001, the German Federal Ministry of Finance and Deutsche Post AG entered into an agreement that governs the terms and conditions of the transfer of income received by Deutsche Post AG from the levying of the settlement payment under the Gesetze über den Abbau der Fehlsubventionierung im Wohnungswesen (German acts on the reduction of misdirected housing subsidies) relating to housing benefits granted by Deutsche Post. In financial year 2010 Deutsche Post AG paid €0.1 million to the federal government for the final settlement for financial year 2009 and €0.6 million for financial year 2010. As agreed, the final settlement for financial year 2010 will be made by 1 July 2011.
Deutsche Post AG also entered into an agreement with the Federal Ministry of Finance dated 30 January 2004 relating to the transfer of civil servants to German federal authorities. Under this agreement, civil servants are seconded with the aim of transferring them initially for six months, and are then transferred permanently if they successfully complete their probation. Once a permanent transfer is completed, Deutsche Post AG contributes to the cost incurred by the federal government by paying a flat fee. In 2010, this initiative resulted in 21 permanent transfers (previous year: eight) and nine secondments with the aim of a permanent transfer in 2011 (previous year: 18).
Deutsche Post AG and the German Federal Employment Agency entered into an agreement dated 12 October 2009 relating to the transfer of Deutsche Post AG civil servants to the Federal Employment Agency. In 2010, this initiative resulted in 365 permanent transfers.
The federal government holds around 32% of the shares of Deutsche Telekom AG directly and indirectly (via KfW Bankengruppe). Since the federal government, despite its non-controlling interest, has a secure majority at the Annual General Meeting due to its average presence there, a dependent relationship exists between Deutsche Telekom and the federal government. Deutsche Telekom is therefore a related party of Deutsche Post AG. In financial year 2010, Deutsche Post DHL provided goods and services worth €0.3 billion (previous year: €0.3 billion) for Deutsche Telekom AG. These were mainly transport services for letters and parcels. In the same period, the Group purchased goods and services (including IT products and services) worth €0.3 billion (previous year: €0.4 billion) from Deutsche Telekom.
Deutsche Bahn AG is wholly owned by the German government. Owing to this dependent relationship, Deutsche Bahn AG is a related party to Deutsche Post AG. Deutsche Post DHL has various business relationships with the Deutsche Bahn Group. These mainly consist of transport service agreements.
Commerzbank AG is a related party due to the federal government’s equity interest in the bank of 25% plus one share. Since 21 December 2010, Commerzbank AG has been a member of the consortium of banks that has underwritten the syndicated credit facility entered into with Deutsche Post AG. At the same time, the bilateral credit line in the amount of €200 million between Deutsche Post AG and Commerzbank AG was closed.
Information on the Bundes-Pensions-Service für Post- und Telekommunikation e.V. (BPS-PT) can be found in Note 7.
The real estate, with a fair value of €1,043 million (previous year: €1,050 million), of which Deutsche Post Betriebsrenten Service e.V. (DPRS) and/or Deutsche Post Pensions-Treuhand GmbH & Co. KG, Deutsche Post Betriebsrenten-Service e.V. & Co. Objekt Gronau KG and Deutsche Post Grundstücks-Vermietungsgesellschaft beta mbH Objekt Leipzig KG are the legal or beneficial owners, is exclusively let to Deutsche Post Immobilien GmbH. Rental expense for Deutsche Post Immobilien GmbH amounted to €63 million in 2010 (previous year: €66 million). The rent was always paid on time. Deutsche Post Pensions-Treuhand GmbH & Co. KG owns 100% of Deutsche Post Pensionsfonds AG, which was established at the end of 2009. No receivables or liabilities were due as at 31 December 2010. There were no sales relationships between external authorities and a Group company of Deutsche Post AG in 2010.