entire - Deutsche Bank Annual Report 2012

Deutsche Bank 01 – Management Report 28
Financial Report 2010 Operating and Financial Review
Consolidation & Adjustments
For a discussion of Consolidation & Adjustments to our business segment results see Note 05 “Business Segments
and Related Information” to the consolidated financial statements.
Financial Position
The table below shows information on the financial position.
in € m. Dec 31, 2010 Dec 31, 2009
Cash and due from banks 17,157 9,346
Interest-earning deposits with banks 92,377 47,233
Central bank funds sold, securities purchased under resale agreements and securities borrowed 49,281 50,329
Trading assets 271,291 234,910
Positive market values from derivative financial instruments 657,780 596,410
Financial assets designated at fair value through profit or loss 1 171,926 134,000
Loans 407,729 258,105
Brokerage and securities related receivables 103,423 93,452
Remaining assets 134,666 76,879
Total assets 1,905,630 1,500,664
Deposits 533,984 344,220
Central bank funds purchased, securities sold under repurchase agreements and securities loaned 31,198 51,059
Trading liabilities 68,859 64,501
Negative market values from derivative financial instruments 647,171 576,973
Financial liabilities designated at fair value through profit or loss 2 130,154 73,522
Other short-term borrowings 64,990 42,897
Long-term debt 169,660 131,782
Brokerage and securities related payables 116,146 110,797
Remaining liabilities 93,076 66,944
Total liabilities 1,855,238 1,462,695
Total equity 50,392 37,969
1 Includes securities purchased under resale agreements designated at fair value through profit or loss of € 108,912 million and € 89,977 million and securities
borrowed designated at fair value through profit or loss of € 27,887 million and € 19,987 million as of December 31, 2010 and December 31, 2009, respectively.
2 Includes securities sold under repurchase agreements designated at fair value through profit or loss of € 107,999 million and € 52,795 million as of December 31,
2010 and December 31, 2009, respectively.
Assets and Liabilities
As of December 31, 2010, total assets were € 1,906 billion. More than half of the increase of € 405 billion, or
27 %, compared to December 31, 2009, was related to our acquisitions. The shift in foreign exchange rates
and in particular between the U.S. dollar and the euro contributed another 20 % to the overall increase of our
balance sheet during 2010.
Our loan book, which went up € 150 billion from prior year-end, was the primary driver for the increase in total
assets. € 141 billion or 94 % of the increase was related to our acquisitions, in particular to Postbank.
Positive market values from derivatives increased by € 61 billion, with € 23 billion relating to currency translation
effects and € 21 billion stemming from acquisitions.