SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Financial Statements F-63
Annual Report 2010 on Form 20-F 04 – Acquisitions and Dispositions
The aggregate impact from these acquisitions on the Group’s 2009 balance sheet was as follows.
in € m.
Carrying value
before the
acquisition
Adjustments to
fair value Fair value
Assets:
Cash and due from banks – – –
Goodwill – 1 1
Other intangible assets – 21 21
All remaining assets – – –
Total assets – 22 22
Liabilities:
Long-term debt – – –
All remaining liabilities – 3 3
Total liabilities – 3 3
Net assets – 19 19
Total liabilities and equity – 22 22
In finalizing these business combinations in 2010, the aggregated purchase prices were allocated as other
intangible assets of € 16 million, reflecting customer relationships, and goodwill of € 6 million.
Their related effect on net revenues and net profit or loss after tax of the Group in 2009 was € 1 million and
€ (1) million, respectively.
Potential Profit or Loss Impact of Business Combinations finalized in 2009
If the business combinations described above which were finalized in 2009 had all been effective as of January 1,
2009, the effect on the Group’s net revenues and net profit or loss after tax in 2009 would have been € 22 million
and less than € 1 million, respectively.
Business Combinations finalized in 2008
In 2008, the Group finalized several acquisitions that were accounted for as business combinations. Of these
transactions, the reacquisition of Maher Terminals LLC and Maher Terminals of Canada Corp. and the acquisition
of DB HedgeWorks, LLC were individually significant and are, therefore, presented separately. The other
business combinations, which were not individually significant, are presented in the aggregate.
Maher Terminals LLC and Maher Terminals of Canada Corp.
Commencing June 30, 2008, the Group has consolidated Maher Terminals LLC and Maher Terminals of
Canada Corp., collectively and hereafter referred to as Maher Terminals, a privately held operator of port
terminal facilities in North America. Maher Terminals was acquired as seed asset for the North American
Infrastructure Fund. The Group initially owned 100 % of Maher Terminals and following a partial sale of an 11.4 %
minority stake to the RREEF North America Infrastructure Fund in 2007, the Group retained a noncontrolling
interest which was accounted for as equity method investment under the held for sale category at December 31,
2007. In a subsequent effort to restructure the fund in 2008, RREEF Infrastructure reacquired all outstanding
interests in the North America Infrastructure Fund, whose sole investment was Maher Terminals, for a cash
consideration of € 109 million.