SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Income Statement F-83
Annual Report 2010 on Form 20-F 11 – Earnings per Common Share
10 –
General and Administrative Expenses
The following are the components of general and administrative expenses.
in € m. 2010 2009 2008
General and administrative expenses:
IT costs 2,274 1,759 1,818
Occupancy, furniture and equipment expenses 1,665 1,457 1,434
Professional service fees 1,616 1,088 1,164
Communication and data services 785 672 698
Travel and representation expenses 558 408 504
Payment, clearing and custodian services 418 406 415
Marketing expenses 341 278 373
Other expenses 2,476 2,334 1,933
Total general and administrative expenses 10,133 8,402 8,339
Other expenses include, among other items, regulatory and insurance related costs, other taxes, costs for
consolidated investments, operational losses and other non-compensation staff related expenses.
In 2010, other expenses included higher regulatory fees and higher operating costs related to our consolidated
investments, particularly The Cosmopolitan of Las Vegas, which commenced operations in December 2010.
In 2009, other expenses included charges of € 316 million from a legal settlement with Huntsman Corp. and of
€ 200 million related to the Group’s offer to repurchase certain products from private investors.
11 –
Earnings per Common Share
Basic earnings per common share amounts are computed by dividing net income (loss) attributable to
Deutsche Bank shareholders by the average number of common shares outstanding during the year. The
average number of common shares outstanding is defined as the average number of common shares issued,
reduced by the average number of shares in treasury and by the average number of shares that will be
acquired under physically-settled forward purchase contracts, and increased by undistributed vested shares
awarded under deferred share plans.
Diluted earnings per share assumes the conversion into common shares of outstanding securities or other
contracts to issue common stock, such as share options, convertible debt, unvested deferred share awards
and forward contracts. The aforementioned instruments are only included in the calculation of diluted earnings
per share if they are dilutive in the respective reporting period.