SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Financial Statements F-78
Annual Report 2010 on Form 20-F 05 – Business Segments and Related Information
The presentation of PCAM product revenues was modified during the first half of 2010 following a review and
refinement of product classifications. These changes primarily impacted the classification of revenues from deposits,
which had previously been reported jointly with loan revenues. Revenues from deposits of € 1,501 million for the
full year 2009 have now been combined with revenues from payment services. Revenues from credit products
are now reported separately. Insurance brokerage revenues of € 143 million in the full year 2009, previously
reported under payments, account and remaining financial services, are now reported under Advisory/brokerage.
These changes enhance transparency and better reflect how products are managed internally. Prior periods
were amended retrospectively. The adjustments had no impact on PCAM’s total revenues.
The following table presents total net revenues (before provisions for credit losses) by geographic area for the
years ended December 31, 2010, 2009 and 2008, respectively. The information presented for CIB and PCAM
has been classified based primarily on the location of the Group’s office in which the revenues are recorded.
The information for CI and C&A is presented on a global level only, as management responsibility for these
areas is held centrally.
in € m. 2010 2009 2008
Germany:
CIB 2,864 2,353 2,997
PCAM 5,932 4,769 5,208
Total Germany 8,796 7,122 8,205
Europe, Middle East and Africa:
CIB 8,258 8,485 (619)
PCAM 2,693 2,479 2,381
Total Europe, Middle East and Africa 1 10,951 10,964 1,762
Americas (primarily United States):
CIB 6,420 5,295 (838)
PCAM 1,032 724 971
Total Americas 7,452 6,020 133
Asia/Pacific:
CIB 3,387 2,672 1,671
PCAM 387 289 471
Total Asia/Pacific 3,774 2,961 2,142
CI (2,020) 1,044 1,290
Consolidation & Adjustments (386) (159) 82
Consolidated net revenues 2 28,567 27,952 13,613
1 For the years ended December 31, 2010 and December 31, 2009 the United Kingdom accounted for roughly 60 % of these revenues. The United Kingdom reported
negative revenues for the year ended December 31, 2008.
2 Consolidated net revenues comprise interest and similar income, interest expenses and total noninterest income (including net commission and fee income). Revenues
are attributed to countries based on the location in which the Group’s booking office is located. The location of a transaction on the Group’s books is sometimes different
from the location of the headquarters or other offices of a customer and different from the location of the Group’s personnel who entered into or facilitated the transaction.
Where the Group records a transaction involving its staff and customers and other third parties in different locations frequently depends on other considerations,
such as the nature of the transaction, regulatory considerations and transaction processing considerations.