SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Item 3: Key Information 3
Annual Report 2010 on Form 20-F
Certain Key Ratios and Figures
2010 2009 2008 2007 2006
Share price at period-end 1 € 39.10 € 44.98 € 25.33 € 81.36 € 92.23
Share price high 1 € 55.11 € 53.05 € 81.73 € 107.85 € 94.00
Share price low 1 € 35.93 € 14.00 € 16.92 € 74.02 € 73.48
Book value per basic share outstanding 2 € 52.38 € 52.65 € 47.90 € 71.39 € 63.31
Return on average shareholders’ equity (post-tax) 3 5.5 % 14.6 % (11.1)% 17.9 % 20.3 %
Pre-tax return on average shareholders’ equity 4 9.5 % 15.3 % (16.5)% 24.1 % 27.9 %
Pre-tax return on average active equity 5 9.6 % 15.1 % (17.7)% 29.0 % 32.5 %
Cost/income ratio 6 81.6 % 72.0 % 134.3 % 69.6 % 69.7 %
Compensation ratio 7 44.4 % 40.5 % 70.6 % 42.6 % 43.9 %
Noncompensation ratio 8 37.3 % 31.5 % 63.7 % 27.1 % 25.8 %
Core Tier 1 capital ratio 1, 9 8.7 % 8.7 % 7.0 % 6.9 % 6.9 %
Tier 1 capital ratio 1,9 Employees at period-end (full-time equivalent):
12.3 % 12.6 % 10.1 % 8.6 % 8.5 %
In Germany 49,265 27,321 27,942 27,779 26,401
Outside Germany
Branches at period-end:
52,797 49,732 52,514 50,512 42,448
In Germany 2,087 961 961 976 934
Outside Germany 996 1,003 989 887 783
1 For comparison purposes, the share prices have been adjusted for all periods before October 6, 2010 to reflect the impact of the subscription rights issue in connection with the capital increase.
2 Shareholders’ equity divided by the number of basic shares outstanding (both at period-end).
3 Net income (loss) attributable to our shareholders as a percentage of average shareholders’ equity.
4 Income (loss) before income taxes attributable to our shareholders as a percentage of average shareholders’ equity.
5 Income (loss) before income taxes attributable to our shareholders as a percentage of average active equity.
6 Total noninterest expenses as a percentage of net interest income before provision for credit losses, plus noninterest income.
7 Compensation and benefits as a percentage of total net interest income before provision for credit losses, plus noninterest income.
8 Noncompensation noninterest expenses, which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income before provision for
credit losses, plus noninterest income.
9 The capital ratios relate the respective capital to risk weighted assets for credit, market and operational risk. Excludes transitional items pursuant to Section 64h (3) of the German Banking Act.
Dividends
The following table shows the dividend per share in euro and in U.S. dollars for the years ended December 31,
2010, 2009, 2008, 2007 and 2006. We declare our dividends at our Annual General Meeting following each year.
Our dividends are based on the non-consolidated results of Deutsche Bank AG as prepared in accordance with
German accounting principles. Because we declare our dividends in euro, the amount an investor actually
receives in any other currency depends on the exchange rate between euro and that currency at the time the
euros are converted into that currency.
Effective January 1, 2009, the German withholding tax applicable to dividends increased to 26.375 % (consisting
of a 25 % withholding tax and an effective 1.375 % surcharge) compared to 21.1 % applicable for the years 2008,
2007 and 2006. For individual German tax residents, the withholding tax paid after January 1, 2009 represents,
generally, the full and final income tax applicable to the dividends. Dividend recipients who are tax residents of
countries that have entered into a convention for avoiding double taxation may be eligible to receive a refund
from the German tax authorities of a portion of the amount withheld and in addition may be entitled to receive a
tax credit for the German withholding tax not refunded in accordance with their local tax law.
U.S. residents will be entitled to receive a refund equal to 11.375 % of the dividends received after January 1,
2009 (compared to an entitlement to a refund of 6.1 % of the dividends received in the years 2008, 2007 and
2006). For U.S. federal income tax purposes, the dividends we pay are not eligible for the dividends received
deduction generally allowed for dividends received by U.S. corporations from other U.S. corporations.