Investor Relations - Notes to income statement

(1) Revenues

Revenues are € 5,075 million higher than the corresponding previous year figure (+17.3 %). This increase is mainly attributable to the positive economic development in the year under review and also the initial consolidation of DB Arriva.

(3) Other operating income

Other third party services also include maintenance work performed on rolling stock owned by third parties (€ 119 million; previous year: € 110 million).

(5) Personnel expenses

The figure stated for personnel expenses includes expense of € 744 million for defined contribution plans (previous year: € 684 million).

(7) Other operating expenses

Other operating expenses have increased compared with the previous year; this is mainly due to the increased level of operations in the segment DB Schenker Logistics as well as the first-time consolidation of DB Arriva.

(9) Net interest income

The increase in other interest and similar expenses is mainly attributable to the financing costs for the acquisition of Arriva as well as the absorbed bank borrowings of Arriva.

(11) Taxes on income

Der tatsächliche Steueraufwand ist überwiegend bei ausländischen Tochtergesellschaften angefallen.

(2) Inventory changes and internally produced and capitalized assets

Own investments relate mainly to construction and project business in rail infrastructure and also the modernization of rolling stock as well as the processing of appropriate spare parts.

(4) Cost of materials

The increase in purchased transport services compared with the previous year is mainly attributable to the higher levels of activity in the segment DB Schenker Logistics.

(6) Depreciation

Depreciation relates mainly to the property, plant and equipment used as rail infrastructure as well as the rolling stock.

(8) Result from investments accounted for using the equity method

The following contributions to earnings are recognized in the income statement as a result of shares in companies over which significant influence can be exercised or which are managed as joint ventures:

(10) Other financial result

The result from exchange rate effects is attributable to the conversion of foreign currency liabilities or receivables with an impact on the income statement using the spot rate applicable on the reference date (IAS 21).

(12) Earnings per share

Under IAS 33 (Earnings per Share), undiluted earnings per share are calculated by dividing the net income of DB Group attributable to the shareholders of DB AG by the weighted average number of shares in issue during the year under review.