SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Financial Statements F-66
Annual Report 2010 on Form 20-F 04 – Acquisitions and Dispositions
Potential Profit or Loss Impact of Business Combinations finalized in 2008
If the business combinations described above which were finalized in 2008 had all been effective as of January 1,
2008, the effect on the Group’s net revenues and net profit or loss after tax in 2008 would have been € 44 million
and € (223) million, respectively. The latter included a charge of € 175 million net of tax reflecting a goodwill
impairment related to Maher Terminals recognized in the fourth quarter 2008.
Acquisitions and Dispositions of Noncontrolling Interests while Retaining Control
During 2010, the Group completed acquisitions and dispositions of noncontrolling interests related to its investments
in subsidiaries where the Group is not the sole owner and which did not result in the loss of control over
the respective subsidiaries. In accordance with IAS 27 R, they were accounted for as equity transactions between
the Group and outside shareholders with no gain or loss recognized in the income statement. The net cash
consideration paid on these transactions totaled € 13 million. The carrying amounts of the related controlling
and noncontrolling interests were adjusted to reflect the changes regarding the Group’s interests in these
subsidiaries. Any difference between the fair values of the consideration transferred or received and the
amounts by which the noncontrolling interests were adjusted is recognized directly in shareholders’ equity.
The following table summarizes the aggregated effect of changes in the Group’s ownership interests in these
subsidiaries recognized in 2010.
in € m. 2010
DB’s ownership interests as of January 1, 2010 136
Net increase in Deutsche Bank’s ownership interests 76
Group’s share of net income or loss (11)
Group’s share of other comprehensive income 29
Group’s share of other equity changes (49)
DB’s ownership interests as of December 31, 2010 181
Dispositions
During 2010, 2009 and 2008, the Group finalized several dispositions of subsidiaries/businesses. These disposals
included the sale of BAS in the third quarter 2010, a business already classified as held for sale as part of the
acquisition of the Sal. Oppenheim Group in the first quarter 2010. For a list and further details about these
dispositions, please see Note 05 “Business Segments and Related Information”. The total cash consideration
received for these dispositions in 2010, 2009 and 2008 was € 281 million, € 51 million and € 182 million,
respectively. The table below includes the assets and liabilities that were included in these disposals.
in € m. 2010 2009 2008
Cash and cash equivalents 45 49 66
All remaining assets 2,180 15 4,079
Total assets disposed 2,225 64 4,145
Total liabilities disposed 1,932 73 3,490