Service-oriented - Die Schweizerische Post

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148 Annual Report | Financial Report | Financial statements of Swiss Post Group Report of the Group Auditors to the Federal Council Swiss Post, Berne (Swiss Post Group) As group auditors, we have audited the consolidated financial statements (balance sheet, income statement, statement of changes in equity, cash flow statement and notes) of Swiss Post Group presented on pages 94 to 147 of the Swiss Post financial report for the year ended 31 December 2006. These consolidated financial statements are the responsibility of the board of directors. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We confirm that we meet the legal requirements concerning professional qualification and independence. Our audit was conducted in accordance with Swiss Auditing Standards and with the International Standards on Auditing (ISA), which require that an audit be planned and performed to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. We have examined on a test basis evidence supporting the amounts and disclosures in the consolidated financial statements. We have also assessed the accounting principles used, significant estimates made and the overall consolidated financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the consolidated financial statements give a true and fair view of the financial position, the results of operations and the cash flows in accordance with the International Financial Reporting Standards (IFRS) and comply with Postal Organization Act. We recommend that the consolidated financial statements submitted to you be approved. Without qualifying our opinion we refer to note 2 “Accounting principles“ in the notes to the consolidated financial statements. In view of the thin capitalization, the Swiss Post’s status as a going concern is dependent upon the assumption, that – in accordance with the state guarantee the required funds will be provided KPMG Ltd Christoph Andenmatten Swiss Certified Accountant Auditor in Charge GümligenBerne, 21 March 2007 Stefan Andres Swiss Certified Accountant
Annual Report | Financial Report | Financial statements of Swiss Post Financial statements of Swiss Post Income statement CHF m Net sales from logistics services Income from financial services Other operating income Total operating income 6 718 6 901 Staff costs Resale merchandise and service expenses Expenses for financial services Other operating expenses Depreciation and amortization Total operating expenses – 6 075 – 6 118 Operating result 643 783 Financial income Financial expenses Earnings before taxes 604 784 Income taxes 0 – Profit for the year 604 784 2006 4 890 1 576 252 – 3 367 – 1 120 – 373 – 999 – 216 25 – 64 149 2005 5 146 1 514 241 – 3 440 – 1 195 – 263 – 990 – 230 21 – 20
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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’
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Annual Report | Financial Report |
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Group profit Operating result (befo
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Trend among European postal organiz
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Annual Report | Financial Report |
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Appropriation of profits Annual Rep
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Consolidated balance sheet Annual R
Page 99 and 100: Annual Report | Financial Report |
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 and 138: Other Notes 28 Operating leases Swi
Page 139 and 140: 29 Contingent liabilities Annual Re
Page 141 and 142: Financial instruments by currency A
Page 143 and 144: 32 Scope of consolidation Annual Re
Page 149: 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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