SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Financial Statements F-74
Annual Report 2010 on Form 20-F 05 – Business Segments and Related Information
2008
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 1 428 2,784 3,211 3,254 5,777 9,031 1,290 13,532
Provision for credit losses 402 5 408 15 653 668 (1) 1,075
Total noninterest expenses
therein:
Depreciation, depletion and
8,568 1,646 10,214 3,793 4,178 7,971 95 18,279
amortization 52 6 58 16 77 93 8 159
Severance payments 334 3 337 29 84 113 0 450
Policyholder benefits and claims (273) – (273) 18 – 18 – (256)
Impairment of intangible assets 5 – 5 580 – 580 – 585
Restructuring activities – – – – – – – –
Noncontrolling interests (48) – (48) (20) 0 (20) 2 (66)
Income (loss) before income taxes (8,494) 1,132 (7,362) (534) 945 411 1,194 (5,756)
Cost/income ratio N/M 59 % N/M 117 % 72 % 88 % 7 % 135 %
Assets 2, 3 Expenditures for additions to
2,012,002 49,469 2,047,181 50,473 138,350 188,785 18,297 2,189,313
long-lived assets 1,167 38 1,205 13 56 70 0 1,275
Risk-weighted assets 234,389 15,355 249,744 16,051 37,482 53,533 2,677 305,953
Average active equity 4 19,181 1,081 20,262 4,870 3,445 8,315 403 28,979
Pre-tax return on average active equity
1 Includes:
(44)% 105 % (36)% (11)% 27 % 5 % N/M (20)%
Net interest income
Net revenues from external
7,683 1,167 8,850 486 3,249 3,736 7 12,592
customers 546 2,814 3,359 3,418 5,463 8,881 1,259 13,499
Net intersegment revenues
Net income (loss) from
(118) (40) (158) (154) 314 160 31 33
equity method investments
2 Includes:
(110) 2 (108) 87 2 88 62 42
Equity method investments
N/M – Not meaningful
1,687 40 1,727 321 44 365 71 2,163
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 gains from the sale of industrial holdings (Daimler AG, Allianz SE and Linde AG) of € 1,228 million, a gain from the sale of the investment in Arcor AG & Co. KG of € 97 million and an
impairment of intangible assets (Asset Management) of € 572 million, which are excluded from the Group’s target definition.