SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Financial Statements F-73
Annual Report 2010 on Form 20-F 05 – Business Segments and Related Information
2009
in € m.
(unless stated otherwise)
Corporate
Banking &
Securities
Corporate & Investment Bank Private Clients and Asset Management
Global
Transaction
Banking Total
Asset and
Wealth
Management
Private &
Business
Clients Total
Corporate
Investments
Total
Management
Reporting 5
Net revenues 1 16,197 2,609 18,807 2,685 5,576 8,261 1,044 28,112
Provision for credit losses 1,789 27 1,816 17 790 806 8 2,630
Total noninterest expenses
therein:
Depreciation, depletion and
10,891 1,788 12,679 2,475 4,328 6,803 581 20,063
amortization 72 5 77 18 69 87 8 172
Severance payments 138 7 145 105 192 297 0 442
Policyholder benefits and claims 541 – 541 0 – 0 – 541
Impairment of intangible assets 5 – 5 (291) – (291) 151 (134)
Restructuring activities – – – – – – – –
Noncontrolling interests (2) – (2) (7) 0 (7) (1) (10)
Income (loss) before income taxes 3,520 795 4,314 200 458 658 456 5,428
Cost/income ratio 67 % 69 % 67 % 92 % 78 % 82 % 56 % 71 %
Assets 2, 3 Expenditures for additions to
1,308,222 47,414 1,343,824 43,761 131,014 174,739 28,456 1,491,108
long-lived assets 73 17 89 56 42 98 395 583
Risk-weighted assets 188,118 15,844 203,962 12,201 36,872 49,073 16,935 269,969
Average active equity 4 17,881 1,160 19,041 4,791 3,617 8,408 4,323 31,772
Pre-tax return on average active equity
1 Includes:
20 % 68 % 23 % 4 % 13 % 8 % 11 % 17 %
Net interest income
Net revenues from external
7,480 1,040 8,519 379 3,493 3,871 (108) 12,283
customers 17,000 2,127 19,127 2,528 5,372 7,900 1,053 28,079
Net intersegment revenues
Net income (loss) from
(802) 479 (323) 160 204 364 (9) 33
equity method investments
2 Includes:
(77) 1 (76) (14) 1 (12) 155 67
Equity method investments 1,543 40 1,584 202 42 244 5,911 7,739
3 The sum of corporate divisions does not necessarily equal the total of the corresponding group division because of consolidation items between corporate divisions, which are eliminated at
the group division level. The same approach holds true for the sum of group divisions compared to Total Management Reporting.
4 For management reporting purposes goodwill and other intangible assets with indefinite useful lives are explicitly assigned to the respective divisions. The Group’s average active equity is
allocated to the business segments and to Consolidation & Adjustments in proportion to their economic risk exposures, which comprise economic capital, goodwill and unamortized other
intangible assets.
5 Includes a gain from the sale of industrial holdings (Daimler AG) of € 236 million, a reversal of impairment of intangible assets (Asset Management) of € 291 million (the related impairment
had been recorded in 2008), an impairment charge of € 278 million on industrial holdings and an impairment of intangible assets (Corporate Investments) of € 151 million which are excluded
from the Group’s target definition.