DHL 2008 Annual Report Download - page 196

Deutsche Post World Net Annual Report 2008
 . million in monthly instalments relating to  nancial year .
As agreed, the  nal settlement for  nancial year  will be made
by  July .
Deutsche Post  also entered into an agreement with the
 dated  January  relating to the transfer of civil servants
to German federal authorities. Under this agreement, civil serv-
ants 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  contributes to the cost incurred by the federal gov-
ernment by paying a  at fee. In , this initiative resulted in six
permanent transfers (previous year: ) and two secondments with
the aim of a permanent transfer (previous year: )
Relationships with Deutsche Telekom AG
and its subsidiaries
In  nancial year , the Group provided goods and serv-
ices for Deutsche Telekom  amounting to  . billion (previous
year:  . billion).  ese were mainly transportation services for
letters and parcels. In the same period, the Group purchased goods
and services (including  products and services) worth  . bil-
lion (previous year:  . billion) from Deutsche Telekom. Deutsche
Tele kom  and Deutsche Postbank  have also entered into a mas-
ter loan agreement for  . billion (previous year:  . billion). In
, Deutsche Telekom  had an issue of two loan notes placed
by Deutsche Postbank International .. Luxembourg for   mil-
lion each and a term to maturity of  years each.
Bundes-Pensions-Service für Post
und Telekommuni kation e. V.
Information on the Bundes-Pensions-Service für Post- und
Telekom munikation e. V. can be found in Note 7.
Deutsche Post Pensionsfonds GmbH & Co. KG
 e real estate, with a fair value of  , million (previ -
ous year:  , million), of which Deutsche Post Betriebsrenten
Service e. V. , Deutsche Post Pensionsfonds GmbH & Co. ,
Deutsche Post Betriebsrenten-Service e. V. & Co. Objekt Gronau 
and Deutsche Post Grundstücks Vermietungsgesellscha beta mbH
Objekt Leipzig  are the legal or bene cial owners, is exclusively let
to Deutsche Post Immobilien GmbH. Rental expense for Deutsche
Post Immobilien GmbH amounted to  . million in  (previ-
ous year:  . million).  e rent was always paid on time.  ere-
fore no expense was incurred for valuation allowances on receivables
and for bad debt losses in  and none is expected to be incurred
in future years.  ere were no sales relationships between external
authorities and a Group company of Deutsche Post  in .
Relationships with unconsolidated companies
and associates
In addition to the consolidated subsidiaries, the Group has
direct and indirect relationships with a large number of unconsoli-
dated subsidiaries and associates deemed to be related parties to
the Group, in the course of its ordinary business activities. In the
course of these activities, all transactions for the provision of goods
and services entered into with unconsolidated companies were con-
ducted on an arm’s length basis at standard market terms and condi-
tions. Transactions were conducted in  nancial year  with major
related parties, resulting in the following items in the consolidated
 nancial statements:
56 Related-party disclosures
56.1 Related-party disclosures (companies and Federal
Republic of Germany)
All companies classi ed as related parties that are controlled
by the Group or on which the Group can exercise signi cant in u-
ence are recorded in the list of shareholdings together with informa-
tion on the equity interest held, their equity and their net pro t or loss
for the period, broken down by division.  e list of shareholdings is
 led with the commercial register of the Bonn Local Court.
Deutsche Post  and Deutsche Postbank  have a variety
of relationships with the Federal Republic of Germany and other
companies controlled by the Federal Republic of Germany.
 e federal government is a customer of Deutsche Post 
and as such uses the company’s services. Deutsche Post ’s business
relationships are entered into with the individual public authorities
and other government agencies as independent individual custom-
ers.  e services provided to the respective individual customers are
immaterial to the overall revenue of Deutsche Post .
Relationships with the Bundesanstalt
für Post und Telekommunikation
(BAnstPT)
 e Federal Republic of Germany manages its interest in
Deutsche Post  and exercises its shareholder rights via the Bundes-
anstalt für Post und Telekommunikation (“Bundesanstalt”) which
has legal capacity and falls under the supervision of the German
Federal Ministry of Finance.  e Gesetz über die Errichtung einer
Bundes anstalt für Post und Telekommunikation or Bundesanstalt Post
Gesetz (BAnstG – German act to establish a Deutsche Bundespost
Federal Posts and Telecom munications Agency or Federal Posts and
Telecommunica tions Agency act) transferred speci c legal rights
and duties to the Bundesanstalt that relate to matters jointly a ect-
ing Deutsche Post , Deutsche Postbank  and Deutsche Telekom
. In addition, the Bundesanstalt manages the Postal Civil Service
Health Insurance Fund, the recreation programme, the Versorgungs-
anstalt der Deutsche Bundespost “” and the welfare service for
Deutsche Post , Deutsche Postbank , Deutsche Telekom  and
the Bundesanstalt.  e coordination and administration tasks are
performed on the basis of agency agreements. In , Deutsche
Post  was invoiced for   million (previous year:   million)
in instalment payments relating to services provided by the Bundes-
anstalt, and Deutsche Postbank  was invoiced for   million (pre-
vious year:   million).
Relationships with the German
Federal Ministry of Finance
In  nancial year , the Bundesministerium der Finanzen
( – German Federal Ministry of Finance) and Deutsche Post 
entered into an agreement that governs the terms and conditions of
the transfer of income received by Deutsche Post  from the levy-
ing 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
bene ts granted by Deutsche Post. In  nancial year , Deut-
sche Post  paid to the federal government the aggregate amount
of approximately  . million for  nancial year  and around
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