SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Consolidated Financial Statements F-5
Annual Report 2010 on Form 20-F Consolidated Statement of Income
Consolidated Statement of Income
in € m. Notes 2010 2009 2008
Interest and similar income 6 28,779 26,953 54,549
Interest expense 6 13,196 14,494 42,096
Net interest income 6 15,583 12,459 12,453
Provision for credit losses 19 1,274 2,630 1,076
Net interest income after provision for credit losses 14,309 9,829 11,377
Commissions and fee income 7 10,669 8,911 9,741
Net gains (losses) on financial assets/liabilities
at fair value through profit or loss 6 3,354 7,109 (9,992)
Net gains (losses) on financial assets available for sale 8 201 (403) 666
Net income (loss) from equity method investments 17 (2,004) 59 46
Other income (loss) 9 764 (183) 699
Total noninterest income 12,984 15,493 1,160
Compensation and benefits 32, 33 12,671 11,310 9,606
General and administrative expenses 10 10,133 8,402 8,339
Policyholder benefits and claims 485 542 (252)
Impairment of intangible assets 24 29 (134) 585
Restructuring activities 28 – – –
Total noninterest expenses 23,318 20,120 18,278
Income (loss) before income taxes 3,975 5,202 (5,741)
Income tax expense (benefit) 34 1,645 244 (1,845)
Net income (loss) 2,330 4,958 (3,896)
Net income (loss) attributable to noncontrolling interests 20 (15) (61)
Net income (loss) attributable to Deutsche Bank shareholders 2,310 4,973 (3,835)
Earnings per Common Share
in € Notes 2010 2009 2008
Earnings per common share: 1 11
Basic € 3.07 € 7.21 € (6.87)
Diluted 2 € 2.92 € 6.94 € (6.87)
Number of shares in million: 1
Denominator for basic earnings per share –
weighted-average shares outstanding 753.3 689.4 558.5
Denominator for diluted earnings per share –
adjusted weighted-average shares after assumed conversions 790.8 716.7 558.6
1 The number of average basic and diluted shares outstanding has been adjusted for all periods before October 6, 2010 to reflect the effect of the bonus element of the
subscription rights issue in connection with the capital increase.
2 Includes numerator effect of assumed conversions. For further detail please see Note 11 “Earnings per Common Share”.
The accompanying notes are an integral part of the Consolidated Financial Statements.