SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Financial Statements F-65
Annual Report 2010 on Form 20-F 04 – Acquisitions and Dispositions
in € m.
Carrying value
before the
acquisition
Adjustments to
fair value Fair value
Assets:
Cash and due from banks 1 – 1
Goodwill – 28 28
Other intangible assets – 5 5
All remaining assets 1 – 1
Total assets 2 33 35
Liabilities:
Long-term debt – 15 15
All remaining liabilities 1 – 1
Total liabilities 1 15 16
Net assets 1 18 19
Total liabilities and equity 2 33 35
Following the acquisition in 2008, DB HedgeWorks recorded net revenues and net losses after tax of € 6 million
and € 2 million, respectively.
Other Business Combinations finalized in 2008
Other business combinations, not being individually material, which were finalized in 2008, are presented in the
aggregate, and, among others, included the acquisition of Far Eastern Alliance Asset Management Co. Limited,
a Taiwanese investment management firm, as well as the acquisition of the operating platform of Pago eTransaction
GmbH, a cash management and merchant acquiring business domiciled in Germany. These transactions
involved the acquisition of majority interests ranging between more than 50 % and up to 100 % for a total consideration
of € 7 million, including less than € 1 million of costs directly related to these acquisitions.
Their impact on the Group’s balance sheet was as follows.
in € m.
Carrying value
before the
acquisition
Adjustments to
fair value Fair value
Assets:
Cash and due from banks 4 6 10
Interest-earning demand deposits with banks 6 3 9
Interest-earning time deposits with banks 2 3 5
Other intangible assets – 1 1
All remaining assets 20 2 22
Total assets 32 15 47
Liabilities:
Other liabilities 1 7 8
All remaining liabilities – 1 1
Total liabilities 1 8 9
Net assets 31 7 38
Total liabilities and equity 32 15 47
The effect of these acquisitions on net revenues and net profit or loss after tax of the Group in 2008 was
€ 2 million and € (4) million, respectively.