As a listed company, Deutsche Post AG prepared its consolidated financial statements in accordance with the International Financial Reporting Standards (IFRSs) required to be applied in the EU and the commercial law provisions to be additionally applied in accordance with Section 315a(1) of the Handelsgesetzbuch (HGB – German Commercial Code).

The requirements of the standards applied have been satisfied in full, and the consolidated financial statements of Deutsche Post World Net therefore provide a true and fair view of its net assets, financial position, and results of operations.

The consolidated financial statements consist of the income statement, balance sheet, cash flow statement, statement of changes in equity as well as the Notes.

The accounting policies, as well as the explanations and disclosures in the Notes to the IFRS consolidated financial statements for fiscal year 2006, are generally based on the same accounting policies used in the 2005 consolidated financial statements. Exceptions to this are the revised and new accounting standards that have been required to be applied by the Group since January 1, 2006. These exceptions are explained in Note 5 (New developments in international accounting under IFRSs and the restatement of prior-period amounts). The accounting policies are explained in Note 7.

The fiscal year of Deutsche Post AG and its consolidated subsidiaries is the calendar year. Deutsche Post AG, whose registered office is in Bonn, is entered in the commercial register of the Bonn Local Court.

The consolidated financial statements are prepared in euros (€). Unless otherwise stated, all amounts are given in millions of euros (€ million, €m).