Service-oriented - Die Schweizerische Post

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152 Annual Report | Financial Report | Financial statements of Swiss Post 4 Assets pledged as security for own obligations As at 31 December 2006, assets with carrying amounts totalling some 9,112 million francs (2005: 5,776 million francs) were pledged as collateral for own obligations (bonds). 5 Lease obligations Lease obligations not recognized in the balance sheet (operating leases) total 527 million francs at 31 December 2006 (2005: 427 million francs). 6 Fire insurance values of property, plant and equipment The fire insurance values of property, plant and equipment total 5,458 million francs at 31 December 2006 (2005: 5,546 million francs). 7 Investments Please see note 32, Scope of consolidation, in the consolidated financial statements. Investments in subsidiaries held directly by the parent are carried in the balance sheet at cost less any necessary writedowns. Writedowns are recognized under Financial expenses. 8 Amounts due to employee benefit funds The amounts due to the Swiss Post pension fund total 12 million francs at 31 December 2006 (2005: 3 mil lion francs). 9 Equity The Swiss Confederation has provided Swiss Post with interestfree endowment capital of 1,300 million francs. Proposal of the Board of Directors concerning appropriation of net retained profit According to Article 12 of the Postal Organization Act (POA), the appropriation of profit should be determined primarily by the requirements of the business. The key issues are an appropriate capital structure and the financing of investments. Any profit remaining after transfers to reserves is handed over to the Swiss Confederation. Given the insufficient equity base of Swiss Post Group, and based on Article 12 of the POA, the Board of Directors of Swiss Post therefore proposes to the Swiss Federal Council that Swiss Post’s profit of 604 million francs be allocated as follows: – 350 million francs to be deposited in the Swiss Post pension fund as the employer’s reserve and – 254 million francs to be allocated to Swiss Post reserves.
Annual Report | Financial Report | Financial statements of Swiss Post Report of the Statutory Auditors to the Federal Council Swiss Post, Berne As statutory auditors, we have audited the accounting records and the financial statements (balance sheet, income statement and notes) of Swiss Post presented on pages 149 to 152 of the Swiss Post financial report for the year ended 31. December 2006. These financial statements are the responsibility of the board of directors. Our responsibility is to express an opinion on these 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, which require that an audit be planned and performed to obtain reasonable assurance about whether the financial statements are free of material misstatement. We have examined on a test basis evidence supporting the amounts and disclosures in the financial statements. We have also assessed the accounting principles used, significant estimates made and the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the accounting records and financial statements and the proposed appropriation of available earnings comply with the Postal Organization Act. We recommend that the financial statements submitted to you be approved. KPMG Ltd Christoph Andenmatten Swiss Certified Accountant Auditor in Charge GümligenBerne, 21 March 2007 Stefan Andres Swiss Certified Accountant 153
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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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Appropriation of profits Annual Rep
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Consolidated balance sheet Annual R
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Page 103 and 104: 3 Consolidation and accounting prin
Page 105 and 106: Annual Report | Financial Report |
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 and 150: 34 Non-current assets held for sale
Page 153: Annual Report | Financial Report |
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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