Capital expenditure increases in the rst half of the year As at the end ofJune , the Group’s aggregate capital expenditure capex totalled million. is represents a substantial rise.

 

Investments higher than previousyear e Groups capital expenditure capex totalled million in the rst quarter of , which re ects a signi cant year-on-year.

 

manage ment reports is the responsibility of the companys Board of Management. Our responsibility is to issue a review report on the condensed consolidated interim nancial statements.

 

NO INA TORS Employees N e average number of employees full-time equivalents decreased slightly to , in the rst six months of , a. decline compared with the previous year’s average.

 

NO INA TORS Employees N e average number of employees full-time equivalents increased slightly to , in the rst nine months of , a. seasonal increase compared with the previous.

 

NO INA TORS Employees N e average number of employees full-time equivalents increased slightly to , in the rst nine months of , a. seasonal increase compared with the previous.

 

32 TAT OMPR January to June H H QQ Consolidated net pro t for the period 1,86365493303 Currency translation reserve C777 C1111C0000H 814 –343502–84T otal comprehensive income 2,677311595219.

 

May First quarter of Your company has started the year just as successfully as it ended the past nancial year. Consolidated revenue rose by. to. billion.

 

Issued capital and purchase of treasury shares Deutsche Post acquired. million shares at a total price of million, including transaction costs,.

 

DEUTSCHE POST SHARES Earthquake in Japan puts pressure on stock markets after good start to theyear e positive economic trend.

 

Signi“ cant transactions At the end of February , Deutsche Post 6. in- terest in Deutsche Postbank was reclassi ed as held for sale; Note. INCOME STATEMENT DISCLOSURES.

 

Consolidated revenue rises During the reporting period, consolidated revenue increased by million, or. , to , million previous year: , million. Currency e ects.

 

Goodwill changed as follows in the reporting period: e net disposals of million relate to the goodwill of Exel Transportation Services Inc. , , which was reclassi ed as held for sale.

 

BUSIONIn the second quarter of , no material changes were made to the Group’s organisational structure and no such changes are currently planned for the second half.

 

­€   division R ransportation Services Asat July , we transferred signi cant parts of Williams Lea Germany from the „   ƒ division tothe division. e previous.

 

33 CASH FLOW STATEMENT January to March m20102011 Consolidated net pro“ t for the period attributable to Deutsche Post shareholders 1 1,747 325 Consolidated net pro“.

 

e impairment losses relate to land and buildings. In the previous year, million of the impairment losses was attribut- able to properties reclassi ed as held for sale.

 

      ,  division Continued positive development in freight forwarding business e  €‚  ƒ , € division grew revenue in the rst half of by .  to , million previous year: ,  million.

 

D Depreciation, amortisation and impairment losses declined by million year on year, from millionto million. is item includes impairment lossesof million.

 

Signi cant transactions At the end of February , Deutsche Post ’s. interest in Deutsche Postbank was reclassi ed as held for sale; Note. INAT O H H Gains on disposal.

 

Investments in associates e decline in investments in associates is due solely tothe reclassi cation at the end of February of the carrying amount of the investment in Deutsche Postbank , million.

 

Disposal and deconsolidation effects in In March of the prior-year period, Express sold its day-de nite domestic business. In April, Supply Chain Austria.

 

Financial position Good liquidity position e principles and aims of our nancial management presented in the Annual Report remain valid and are being pursued.

 

    , division F In the € ‚  ­ , € division we increased revenue in the rst nine months of by . to , million previous year: , million. Ex-cluding negative currency e ectsof million, revenue.

 

P of the Based on the projected earnings trend for and the increase in capital expend iture, we expect the “ €€ to debt” performance metric to remain at approximately the prior-year level.

 

NON-FINANCIAL PERFORMANCE INDICATORS Employees Number of employees at prior-year level e average number of employees full-t ime equivalents decreased to , inthe rst three.

 

A er the reporting date, Deutsche Post DHL completed the sale of the freight forwarding company Exel Transportation Services Inc. , , which is reported un der the !! 1 2 division, including.