Segment reporting disclosures

12 Segment reporting

IFRS 8 (Segment Reporting) 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 restated because the LOGISTICS Division was reorganised into the GLOBAL FORWARDING, FREIGHT and SUPPLY CHAIN segments in the second quarter of 2008 and 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 restated 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 are disclosed under investments in associates, whilst the net income from associates is reported in the column entitled “Corporate Center/Other”. A separate reconciliation of the total profit generated by the reporting segments to consolidated net profit for the period was dispensed with; instead, reference is made to the income statement.