SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Balance Sheet F-105
Annual Report 2010 on Form 20-F 16 – Financial Assets Available for Sale
16 –
Financial Assets Available for Sale
The following are the components of financial assets available for sale.
in € m. Dec 31, 2010 Dec 31, 2009
Debt securities:
German government 4,053 2,585
U.S. Treasury and U.S. government agencies 1,633 901
U.S. local (municipal) governments 563 1
Other foreign governments 17,688 3,832
Corporates 19,901 4,280
Other asset-backed securities 1,780 999
Mortgage-backed securities, including obligations of U.S. federal agencies 154 815
Other debt securities 442 438
Total debt securities 46,214 13,851
Equity securities:
Equity shares 3,296 3,192
Investment certificates and mutual funds 132 76
Total equity securities 3,428 3,268
Other equity interests 2,251 699
Loans 2,373 1,001
Total financial assets available for sale 54,266 18,819
The acquisition of Postbank contributed to the increase of financial assets available for sale, especially in debt
securities, by € 33 billion.
On May 6, 2010, Deutsche Bank announced that it had signed a binding agreement to subscribe to newly issued
shares in Hua Xia Bank Co. Ltd. (“Hua Xia Bank”) for a total subscription price of up to RMB 5.7 billion
(€ 649 million as of December 31, 2010). Deutsche Bank’s subscription is part of a private placement of Hua
Xia Bank shares to its three largest shareholders with an overall issuance value of up to RMB 20.8 billion
(€ 2.4 billion as of December 31, 2010). Subject to regulatory approvals and upon final settlement of the
transaction, this investment will increase Deutsche Bank’s existing equity stake in Hua Xia Bank, which is
accounted for as financial asset available for sale, from 17.12 % to 19.99 % of issued capital, the maximum
single foreign ownership level as permitted by Chinese regulations.