SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 11: Quantitative and Qualitative Disclosures about Credit, Market and Other Risk 184
Maturity Analysis of Financial Liabilities
The following table presents a maturity analysis of the earliest contractual undiscounted cash flows for financial
liabilities as of December 31, 2010, and 2009.
Dec 31, 2010
in € m. On demand
Due within
3 months
Due between
3 and 12
months
Due between
1 and 5 years
Due after
5 years
Noninterest bearing deposits 89,068 – – – –
Interest bearing deposits 120,154 233,469 32,564 35,430 23,299
Trading liabilities 1 68,859 – – – –
Negative market values from derivative financial instruments 1 647,171 – – – –
Financial liabilities designated at fair value through profit or loss 32,332 101,163 8,474 8,056 3,736
Investment contract liabilities 2 – 572 888 1,367 5,071
Negative market values from derivative financial instruments,
qualifying for hedge accounting 3 852 141 256 1,113 4,257
Central bank funds purchased 4,456 1,848 – – –
Securities sold under repurchase agreements 2,384 14,570 3,056 1,585 23
Securities loaned 3,024 54 – – 198
Other short-term borrowings 49,904 13,439 1,495 – –
Long-term debt 1,695 11,647 16,879 80,713 58,153
Trust preferred securities – – 2,434 4,481 5,335
Other financial liabilities 119,693 6,160 268 516 22
Off-balance sheet loan commitments 100,273 – – – –
Financial guarantees 28,941 – – – –
Total 4 1,268,806 383,063 66,314 133,261 100,094
1 Trading liabilities and derivatives not qualifying for hedge accounting balances are recorded at fair value. We believe that this best represents the cash flow that would
have to be paid if these positions had to be closed out. Trading liabilities and derivatives not qualifying for hedge accounting balances are shown within on demand
which management believes most accurately reflects the short-term nature of trading activities. The contractual maturity of the instruments may however extend over
significantly longer periods.
2 These are investment contracts where the policy terms and conditions result in their redemption value equaling fair value. See Note 39 “Insurance and Investment
Contracts” for more detail on these contracts.
3 Derivatives designated for hedge accounting are recorded at fair value and are shown in the time bucket at which the hedged relationship is expected to terminate.
4 The balances in the table do not agree to the numbers in the Group balance sheet as the cash flows included in the table are undiscounted. This analysis represents
the worst case scenario for the Group if they were required to repay all liabilities earlier than expected. We believe that the likelihood of such an event occurring is
remote. Interest cash flows have been excluded from the table.