SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Balance Sheet F-89
Annual Report 2010 on Form 20-F 13 – Amendments to IAS 39 and IFRS 7, “Reclassification of Financial Assets”
The following table shows carrying values and fair values as of December 31, 2010 and December 31, 2009 of
the assets reclassified in 2008 and 2009.
Dec 31, 2010 Dec 31, 2009
in € m. Carrying value Fair value Carrying value Fair Value
Trading assets reclassified to loans 17,998 15,903 24,287 21,552
Financial assets available for sale reclassified to loans 8,684 7,805 9,267 8,290
Total financial assets reclassified to loans 26,682 23,708 33,554 29,842
The unrealized fair value gains (losses) that would have been recognized in profit or loss and the net gains
(losses) that would have been recognized in other comprehensive income if the reclassifications had not been
made are shown in the table below.
in € m. 2010 2009 2008 1
Unrealized fair value gains (losses) on the reclassified trading assets,
gross of provisions for credit losses 120 (884) (3,230)
Impairment losses on the reclassified financial assets available for sale which were
impaired (7) (9) (209)
Net gains (losses) recognized in other comprehensive income representing additional
unrealized fair value gains (losses) on the reclassified financial assets available for
sale which were not impaired 251 1,147 (1,826)
1 Reclassifications were made from July 1, 2008 and so the 2008 balances represent a six month period.
After reclassification, the pre-tax contribution of all reclassified assets to the income statement was as follows.
in € m. 2010 2009 2008 1
Interest income 1,154 1,368 659
Provision for credit losses (278) (1,047) (166)
Other income 2 1 – –
Income before income taxes on reclassified trading assets 877 321 493
Interest income 146 227 258
Provision for credit losses – (205) (91)
Other income 2 (1) – –
Income before income taxes on reclassified financial assets available for sale 145 22 167
1 Reclassifications were made from July 1, 2008 and so the 2008 balances represent a six month period.
2 The net loss on sale of loans which have settled in 2010 was € 3 million. The net amount comprises a loss of € 3 million in provision for credit losses and no net gain
or loss in other income.
Prior to their reclassification, assets reclassified in 2009 contributed fair value losses of € 252 million to the
income statement for the year ended December 31, 2008 and fair value losses of € 48 million to the income
statement for the year ended December 31, 2009.