Service-oriented - Die Schweizerische Post

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136 Annual Report | Financial Report | Financial statements of Swiss Post Group Swiss Post as lessor Income from the rental of Swiss Post’s own properties to third parties amounted to 42 million francs in the reporting year (2005: 46 million francs). As at the balance sheet date, Swiss Post had not entered into any other significant lease agreements as the lessor. 31.12.2006 31.12.2005 CHF m Future minimum payments due under lease agreements within 1 year 57 54 1 to 5 years 181 175 more than 5 years 72 72 Total 310 301
29 Contingent liabilities Annual Report | Financial Report | Financial statements of Swiss Post Group Contingent liabilities were as follows as at 31 December 2006: Guarantees Guarantees and guarantee obligations amount to 59 million francs (2005: 8 million francs). The increase was based largely on a guarantee declaration by DocumentServices AG to Swisscom IT Services AG. Legal cases As regards claims or legal cases for which provisions have not been set up, the Executive Management believes either that they can be refuted or that they will not have a major impact on the Group’s financial situation or operating result. 30 Related parties and key employees Pursuant to IFRS, Swiss Post Group has relations with related parties such as subsidiaries, associates and key employees. Likewise, as the owner of Swiss Post, the Swiss Confederation is now deemed to be a related party. All transactions between Swiss Post and related parties are concluded at market rates. As the owner of Swiss Post, the Confederation paid compensation of 80 million francs (2005: 80 million francs) and 187 million francs (2005: 188 million francs). Transactions between Swiss Post and its subsidiaries were eliminated on consolidation and not included in the information contained in these Notes. Swiss Post and its subsidiaries carried out the following transactions with related parties that are not part of the Group. Sales of goods and services Purchases of goods and services Receivables and loans with related parties Liabilities with related parties CHF m 2006 2005 2006 2005 31. 12. 2006 31. 12. 2005 31. 12. 2006 31. 12. 2005 Companies with joint management or significant influence 490 399 245 208 152 603 446 310 Swiss Confederation 309 250 64 65 104 585 277 75 Swisscom 139 113 90 78 13 6 18 19 Swiss Federal Railways 42 36 91 65 35 12 151 216 RUAG 0 0 0 0 0 0 0 0 Skyguide 0 0 0 0 0 0 0 0 Transactions with minority shareholders of subsidiaries 26 25 0 0 2 2 0 – Associates 10 8 7 2 0 2 1 0 Other related parties 0 – 54 84 0 – 10 1 Compensation paid to key employees In the past business year, compensation including fringe benefits of 5.5 million francs (2005: five million francs) and pension benefits of around one million francs – as in the previous year – were paid to key employees. Those defined as key employees are members of the Board of Directors and Executive Management. The performancebased component paid out to members of Executive Management in 2006 was based on the 2005 target attainment and amounted to around one million francs (2005: approx. one million francs). There are no loan agreements in place with key employees. 137
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“ I’d like Swiss Post to stay t
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Swiss Post - the backbone of the ba
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Mail PostMail delivers 15 million l
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Considerate 2006 2005 Individual co
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tions expected of us as an employer
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AG and our goods logistics was not
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with multi-modal transport. The ide
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Developments in the economic enviro
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tract for subsidiaries of Swiss Pos
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management of internal postal servi
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quality. 98 percent of all A Mail a
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PostFinance is the first financial
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the parcel centre. PostLogistics is
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ganserland region. However, after n
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In 2006, SPI generated most of its
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over a period of two years. Swiss P
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dropped from 9.2 million in 2005 to
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esses being taken over by the Group
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2010. The focus here will be on cos
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els that benefit both parties. Comb
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“ Addressed bulk mailings are par
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PostLogistics: a clever buyer for t
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in headcount at the parent company
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The survey results confirm that emp
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post office building in Lausanne, w
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Quality management Swiss Post aims
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a new job within the company, suppo
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15 percent compared with the refere
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tive than a salary increase and als
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Overall, Swiss Post employs more pe
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workplace and in case of addiction
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With its commitment to the Swiss Yo
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sic component and a variable perfor
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“ I’m often the only woman at m
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value (350 million francs) from 200
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Jean-Marc Eggenberger Nicola Thibau
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Hans-Peter Strodel - Head of Financ
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Corporate Governance Annual Report
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made on implementation of its strat
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Financial risks The financial risks
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Human Resources Yves-André Jeandup
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Financial Report Our values in figu
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Volumes/capital trend Swiss Post’
Page 87 and 88: Annual Report | Financial Report |
Page 89 and 90: Group profit Operating result (befo
Page 91 and 92: Trend among European postal organiz
Page 95 and 96: Appropriation of profits Annual Rep
Page 97 and 98: Consolidated balance sheet Annual R
Page 103 and 104: 3 Consolidation and accounting prin
Page 111 and 112: Results by business segment Annual
Page 113 and 114: CHF m 7 Other operating income Annu
Page 119 and 120: 12 Financial income Annual Report |
Page 121 and 122: CHF m 16 Inventories Annual Report
Page 123 and 124: 20 Financial assets available for s
Page 127 and 128: 23 Investments in associates Annual
Page 131 and 132: Cash-generating units Reviewing the
Page 133 and 134: 26 Financial liabilities Annual Rep
Page 135 and 136: 31 December 2006 27 Provisions Annu
Page 137: Other Notes 28 Operating leases Swi
Page 141 and 142: Financial instruments by currency A
Page 143 and 144: 32 Scope of consolidation Annual Re
Page 149 and 150: 34 Non-current assets held for sale
Page 157 and 158: PostFinance - balance sheet CHF m A
Page 159 and 160: GRI index Annual Report | Financial
Page 164 and 165: 162 Annual Report | Financial Repor
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Service-oriented - Die Schweizerische Post

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