Interim Report Q3 2012 - Deutsche Post DHL

Capital reserves
€ m
2011 2012
Balance at 1 January 2,158 2,170
Addition / issue of rights under Share Matching
Scheme
2009 tranche 3 1
2010 tranche 17 3
2011 tranche 13 18
2012 tranche 0 8
Exercise of rights under Share Matching Scheme
2010 tranche –21 0
2011 tranche 0 –24
Balance at 31 December / 30 September 2,170 2,176
The SAR provisions for the other share-based payment
systems for executives amounted to €158 million as at 30 September
2012 (31 December 2011: €61 million).
18
Related party disclosures
There have been no material changes in related party disclosures
as against 31 December 2011; 2011 Annual Report, Note 53.
19
Contingent liabilities and other financial obligations
Contingent liabilities declined by €645 million in comparison
with 31 December 2011, to €2,122 million. The decline relates
largely to the additional VAT payment; Note 3. As a result, this
tax matter is no longer included under contingent liabilities. The
Group’s other obligations have not changed significantly compared
with 31 December 2011; 2011 Annual Report, Notes 49 and 50.
20
Other disclosures
In the middle of July, the mail-order company Neckermann.de
GmbH, Frankfurt am Main, filed an application to
open insolvency proceedings. Neckermann.de is a customer of
Deutsche Post DHL. The administrator announced in September
that the company would be wound up. No significant effects arose
for Deutsche Post DHL in the period up to 30 September 2012.
KfW Bankengruppe (KfW) placed a 5 % stake in Deutsche
Post AG on the market at the beginning of September, generating
proceeds of approximately €924 million. This placement reduced
the interest in Deutsche Post AG’s share capital held by KfW to
25.5 %; the remaining 74.5 % of the shares are in free float. KfW
holds the shares in trust for the federal government.
21
Events after the reporting date
On 5 November 2012 the German cartel office (Bundeskartellamt)
announced that it had launched an antitrust investigation
into the large customer contracts in Deutsche Post’s mail business.
There were no other significant events after the reporting date.
42
RESPONSIBILITY STATEMENT
To the best of our knowledge, and in accordance with the
applicable reporting principles for interim financial reporting, the
consolidated interim financial statements give a true and fair view
of the assets, liabilities, financial position and profit or loss of the
Group, and the interim management report of the Group includes
a fair review of the development and performance of the business
and the position of the Group, together with a description of
the material opportunities and risks associated with the expected
development of the Group for the remaining months of the financial
year.
Bonn, 7 November 2012
Deutsche Post AG
The Board of Management
Dr Frank Appel
Ken Allen Roger Crook
Bruce Edwards Jürgen Gerdes
Lawrence Rosen Angela Titzrath
Deutsche Post DHL Interim Report January to September 2012