Service-oriented - Die Schweizerische Post

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96 Annual Report | Financial Report | Financial statements of Swiss Post Group Consolidated statement of changes in equity Endowment capital Capital reserves Retained earnings 1 Reserves for selfinsurance Fair value reserves Hedging reserves Currency translation reserves Equity attributable to the owner Minority interests CHF m Note As at 1.1.2005 1 300 204 – 1 845 265 342 0 0 266 3 269 Decrease in fair value reserves on “available forsale” financial assets Gains transferred to the income 17 – 46 – – – 46 – 46 statement due to the sale of financial assets Amortization of fair value reserves on financial assets reclassified as 17 – 11 – – – 11 – 11 “held to maturity” Change in unrealized gains / losses on hedging reserves for cash flow 17 – 102 – – – 102 – 102 hedges (net) Realized gains/losses transferred to – 0 – – 0 the income statement from cash flow hedges – 0 – – 0 Change in currency translation reserves Total expenses/income recognized – – 1 1 1 under equity – 159 0 1 – 158 – 158 Group profit 809 809 2 811 Total profit for the period 809 – 159 0 1 651 5 656 Dividends – 350 – 350 – 1 – 351 Transfer to capital reserves 350 – 350 1 351 As at 31.12.2005 1 300 554 – 1 386 265 183 0 1 917 5 922 As at 1.1.2006 1 300 554 – 1 386 265 183 0 1 917 5 922 Decrease in fair value reserves on “available forsale” financial assets Gains transferred to the income 17 – 110 – – – 110 – 110 statement due to the sale of financial assets Amortization of fair value reserves on financial assets reclassified as 17 – 5 – – – 5 – 5 “held to maturity” Change in unrealized gains/losses on hedging reserves for cash flow 17 – 42 – – – 42 – 42 hedges (net) Realized gains/losses transferred to – – 8 – – 8 – 8 the income statement from cash flow hedges – 9 – 9 9 Change in currency translation reserves Total expenses/income recognized – – 2 2 2 under equity – 157 1 2 – 154 – 154 Group profit 835 835 2 837 Total profit for the period 835 – 157 1 3 681 7 688 Dividends 9 – 350 – 350 – 350 Transfer to capital reserves 9 350 – 350 – 350 As at 31.12.2006 1 300 904 – 901 265 26 1 3 1 598 7 1 605 1 Includes initial recognition under IAS 19 “Employee Benefits” of employee benefit obligations of 3,658 million francs on 1 January 2002. Total
Annual Report | Financial Report | Financial statements of Swiss Post Group On 1 January 1998, the Swiss Confederation provided Swiss Post with interestfree endowment capital of 1,300 million francs. Bearing in mind economic viability and cover requirements, insurance risks are financed primarily through a selfinsurance solution, as a result of which exceptional claims may affect the result. A special, appropriated reserve was created under Equity to cover this risk, which is borne by the Group itself. Major and special risks are insured externally. Under Article 14 of the Postal Organization Act (POA), Swiss Post is exempt from the duty to obtain insurance laid down in federal and cantonal law. Fair value reserves include fluctuations in the value of “availableforsale” financial assets, which are caused mainly by fluctuations in capital market interest rates. When financial assets are sold, the fair value reserve is realized in the income statement. Hedging reserves include net gains and losses resulting from fair value changes attributable to the effective portion of cash flow hedges. The hedging reserves are released to the income statement when the hedged item affects the income statement. PostFinance has only been using hedge accounting since the third quarter of 2005. 97
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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
Page 47 and 48: The survey results confirm that emp
Page 49 and 50: post office building in Lausanne, w
Page 51 and 52: Quality management Swiss Post aims
Page 53 and 54: a new job within the company, suppo
Page 55 and 56: 15 percent compared with the refere
Page 57 and 58: tive than a salary increase and als
Page 59 and 60: Overall, Swiss Post employs more pe
Page 61 and 62: workplace and in case of addiction
Page 63 and 64: With its commitment to the Swiss Yo
Page 65 and 66: sic component and a variable perfor
Page 67 and 68: “ I’m often the only woman at m
Page 69 and 70: value (350 million francs) from 200
Page 71 and 72: Jean-Marc Eggenberger Nicola Thibau
Page 73 and 74: Hans-Peter Strodel - Head of Financ
Page 75 and 76: Corporate Governance Annual Report
Page 77 and 78: made on implementation of its strat
Page 79 and 80: Financial risks The financial risks
Page 81 and 82: Human Resources Yves-André Jeandup
Page 83 and 84: Financial Report Our values in figu
Page 85 and 86: 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: 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 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
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34 Non-current assets held for sale
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Annual Report | Financial Report |
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PostFinance - balance sheet CHF m A
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GRI index Annual Report | Financial
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162 Annual Report | Financial Repor
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Service-oriented - Die Schweizerische Post

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