SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank Notes to the Consolidated Balance Sheet F-125
Annual Report 2010 on Form 20-F 24 – Goodwill and Other Intangible Assets
In 2008, an impairment loss of € 304 million was recognized in the income statement as impairment of intangible
assets. The loss related to retail investment management agreements and was recorded in AWM. The impairment
loss was due to a decrease in fair values as a result of declines in market values of invested assets as well as
current and projected operating results and cash flows of investment management agreements. The impairment
related to certain open end and closed end funds. The recoverable amounts of the assets were calculated as
fair value less costs to sell, using the multi-period excess earnings method.
Postbank trademark: As a result of the preliminary purchase price allocation, the Group identified and recognized
in December 2010 the Postbank trademark amounting to € 382 million (see Note 04 “Acquisitions and
Dispositions”). The asset is allocated to the Private & Business Clients cash-generating unit. Since the
trademark is expected to generate cash flows for an indefinite period of time, it is classified as unamortized
intangible asset. The trademark intangible was valued at fair value based on a preliminary third party valuation
as of the acquisition date which is subject to finalization within the respective measurement period.
In 2010, there was no indication that the fair value of the Postbank trademark differed from the initial fair value
determination. Since the Postbank consolidation occurred in December 2010, the determination of the fair value
for this trademark coincided with the regular impairment testing. The fair value of the trademark was determined
based on the income approach, using the relief-from-royalty approach. As the purchase price allocation is
subject to finalization within the regular measurement period, the fair value of the Postbank trademark may
change during the 12-months-period following the acquisition date.
Sal. Oppenheim trademark: The purchase price allocation performed in relation to the acquisition of the Sal.
Oppenheim Group in 2010 resulted in the identification and recognition of the Sal. Oppenheim trademark
amounting to € 27 million. The asset is allocated to the Private Wealth Management cash-generating unit. The
useful life for the trademark is assumed to be indefinite and, hence, not subject to amortization. The intangible
asset was valued at fair value based upon a third party valuation performed as of the acquisition date.
In 2010, there was no indication that the fair value of the trademark differed from the fair value determination in
the purchase price allocation. The valuation of the trademark intangible asset was performed in context of the
respective purchase price allocation for the Sal. Oppenheim acquisition. The fair value of the Sal. Oppenheim
trademark was determined using the relief-from-royalty approach.