SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Balance Sheet F-98
Annual Report 2010 on Form 20-F 14 – Financial Instruments carried at Fair Value
below does not include the gains and losses on these hedging instruments. Additionally, both observable and
unobservable parameters may be used to determine the fair value of an instrument classified within level 3 of
the fair value hierarchy; the gains and losses presented below are attributable to movements in both the
observable and unobservable parameters.
Transfers in and transfers out of level 3 during the year are recorded at their fair value at the beginning of year
in the table below. For instruments transferred into level 3 the table shows the gains and losses and cash flows
on the instruments as if they had been transferred at the beginning of the year. Similarly for instruments transferred
out of level 3 the table does not show any gains or losses or cash flows on the instruments during the
year since the table is presented as if they have been transferred out at the beginning of the year.
Dec 31, 2010
in € m.
Financial assets held at
fair value:
Balance,
beginning of
year
Changes in
the group of
consolidated
companies 1
Total
gains/losses 2 Purchases Sales Issuances 6
Settlements 7
Transfers
into
Level 3
Transfers
out of
Level 3
Balance,
end of year
Trading securities
Positive market values
from derivative financial
15,609 6 1,437 5,479 (6,292) – (1,412) 4,299 (4,265) 14,861
instruments 25,211 74 589 32 (71) – (2,997) 1,111 (6,106) 17,843
Other trading assets
Financial assets
designated at fair value
10,782 – (1) 1,439 (1,427) 173 (1,511) 424 (3,812) 6,067
through profit or loss
Financial assets available
3,410 – (97) 294 (23) 1,627 (1,909) 54 (70) 3,286
for sale 3,167 1,340 151 3 Other financial assets at
1,648 (491) – (351) 881 (1,123) 5,222
fair value
Total financial assets held
41 (623) – – – – (41) – – (623)
at fair value 58,220 797 2,079 4,5 8,892 (8,304) 1,800 (8,221) 6,769 8 (15,376) 8
Financial liabilities held at
fair value:
46,656
Trading securities
Negative market values
from derivative financial
431 – 119 – – – (182) 3 (120) 251
instruments 15,591 11 2,092 – – – (1,952) 1,531 (6,357) 10,916
Other trading liabilities
Financial liabilities
designated at fair value
283 17 (271) – – – – – (24) 5
through profit or loss:
Other financial liabilities
2,621 – 258 – – 448 (977) 180 (460) 2,070
at fair value
Total financial liabilities
(757) – 40 – – – 32 446 – (239)
held at fair value 18,169 28 2,238 4,5 – – 448 (3,079) 2,160 (6,961) 13,003
1 Amounts recorded in the changes in the group of consolidated companies predominantly relate to the consolidation of Postbank at December 3, 2010.
2 Total gains and losses predominantly relate to net gains (losses) on financial assets/liabilities at fair value through profit or loss reported in the consolidated statement of income. The balance
also includes net gains (losses) on financial assets available for sale reported in the consolidated statement of income and unrealized net gains (losses) on financial assets available for sale
and exchange rate changes reported in other comprehensive income, net of tax.
3
Total gains and losses on available for sale include a gain of € 21 million recognized in other comprehensive income, net of tax, and a gain of € 38 million recognized in the income statement
presented in Net gains (losses) on financial assets available for sale.
4 This amount includes the effect of exchange rate changes. For total financial assets held at fair value this effect is a positive € 1.3 billion and for total financial liabilities held at fair value this is
a negative € 184 million. This predominately relates to derivatives. The effect of exchange rate changes is reported in other comprehensive income, net of tax.
5
For assets positive balances represent gains, negative balances represent losses. For liabilities positive balances represent losses, negative balances represent gains.
6
Issuances relate to the cash amount received on the issuance of a liability and the cash amount paid on the primary issuance of a loan to a borrower.
7
Settlements represent cash flows to settle the asset or liability. For debt and loan instruments this includes principal on maturity, principal amortizations and principal repayments.
For derivatives all cash flows are presented in settlements.
8
Includes € 2.0 billion of assets which were incorrectly categorized in 2009. This has been reflected through the transfers in and transfers out column and has not impacted the prior year
balance sheet or overall level 3 assets balance.