The complete annual financial statements of Deutsche Post AG, issued with an unqualified audit opinion, will be published in the Bundesanzeiger (Federal Gazette) and filed with the Registry Court of the Bonn Local Court.

Net income for the year
Reconciliation between the HGB and IAS singleentity financial statements

Explanation
Reconciliation between HGB net income for the year/ IAS net profit for the period

A - Provisions for pensions
Provisions for pensions are calculated differently under HGB and IASs.While the net present value is calculated in accordance with section 6a EStG (German Income Tax Act) under HGB, IASs use the projected unit credit method, which takes future trends into account (wage increases, etc.).

B - Pension Trust
The transfer of real estate as “plan assets” in accordance with IAS 19 to Deutsche Post Pensionsfonds GbR led to the recognition of income from asset disposals and expenses from leasebacks in the IAS financial statements only.

C - Deferred taxes
Deferred taxes relate to differences in the carrying amounts of individual asset and liability items in the tax accounts and the IAS financial accounts. Deferred tax assets from loss carryforwards are reported, as are temporary differences related to noncurrent assets, provisions and transfers of real estate to Deutsche Post Pensionsfonds GbR.

D - Internally developed software
Internally developed software may not be capitalized under the HGB but must be capitalized under IASs. Internally developed software capitalized under IASs – in contrast to HGB – is amortized over its respective useful life.

E - Remeasurement of fixed assets
In the past, different useful lives led to different HGB/IAS carrying amounts and thus to differences with respect to gains/losses from disposal as well as to depreciation and amortization. (Note: HGB/IAS useful lives have been matched since the end of 1999.)

F - Other provisions/Accruals
Provisions for future internal expenses that are permitted under the HGB are eliminated under IASs. Under IASs, provisions for expenses that are less likely than not to be settled (50% plus rule) or that are still dependent on a future event are disclosed in the Notes and are not recognized (contingent liability).

G - Gain from merger of Deutsche Post Beteiligungen GmbH
Within the framework of the merger of Deutsche Post Beteiligungen GmbH with Deutsche Post AG, loss carryforwards were transferred to Deutsche Post AG that led to the recognition of merger income.

Income Statement

Balance Sheet

Cash flow Statement*

* in accordance with GAS 2 (HGB)