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entire - Deutsche Bank Annual Report 2012

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<strong>Deutsche</strong> <strong>Bank</strong> 02 – Consolidated Financial Statements 222<br />

Financial <strong>Report</strong> 2010 Notes to the Consolidated Financial Statements<br />

05 – Business Segments and Related Information<br />

2009 Corporate & Investment <strong>Bank</strong> Private Clients and Asset Management<br />

in € m.<br />

(unless stated otherwise)<br />

Corporate<br />

<strong>Bank</strong>ing &<br />

Securities<br />

Global<br />

Transaction<br />

<strong>Bank</strong>ing Total<br />

Asset and<br />

Wealth<br />

Management<br />

Private &<br />

Business<br />

Clients Total<br />

Corporate<br />

Investments<br />

Total<br />

Management<br />

<strong>Report</strong>ing 5<br />

Net revenues 1 16,197 2,609 18,807 2,685 5,576 8,261 1,044 28,112<br />

Provision for credit losses 1,789 27 1,816 17 790 806 8 2,630<br />

Total noninterest expenses<br />

therein:<br />

Depreciation, depletion and<br />

10,891 1,788 12,679 2,475 4,328 6,803 581 20,063<br />

amortization 72 5 77 18 69 87 8 172<br />

Severance payments 138 7 145 105 192 297 0 442<br />

Policyholder benefits and claims 541 – 541 0 – 0 – 541<br />

Impairment of intangible assets 5 – 5 (291) – (291) 151 (134)<br />

Restructuring activities – – – – – – – –<br />

Noncontrolling interests (2) – (2) (7) 0 (7) (1) (10)<br />

Income (loss) before income taxes 3,520 795 4,314 200 458 658 456 5,428<br />

Cost/income ratio 67 % 69 % 67 % 92 % 78 % 82 % 56 % 71 %<br />

Assets 2, 3 Expenditures for additions to<br />

1,308,222 47,414 1,343,824 43,761 131,014 174,739 28,456 1,491,108<br />

long-lived assets 73 17 89 56 42 98 395 583<br />

Risk-weighted assets 188,118 15,844 203,962 12,201 36,872 49,073 16,935 269,969<br />

Average active equity 4 17,881 1,160 19,041 4,791 3,617 8,408 4,323 31,772<br />

Pre-tax return on average active equity<br />

1 Includes:<br />

20 % 68 % 23 % 4 % 13 % 8 % 11 % 17 %<br />

Net interest income<br />

Net revenues from external<br />

7,480 1,040 8,519 379 3,493 3,871 (108) 12,283<br />

customers 17,000 2,127 19,127 2,528 5,372 7,900 1,053 28,079<br />

Net intersegment revenues<br />

Net income (loss) from<br />

(802) 479 (323) 160 204 364 (9) 33<br />

equity method investments<br />

2 Includes:<br />

(77) 1 (76) (14) 1 (12) 155 67<br />

Equity method investments 1,543 40 1,584 202 42 244 5,911 7,739<br />

3 The sum of corporate divisions does not necessarily equal the total of the corresponding group division because of consolidation items between corporate divisions, which are eliminated at<br />

the group division level. The same approach holds true for the sum of group divisions compared to Total Management <strong>Report</strong>ing.<br />

4 For management reporting purposes goodwill and other intangible assets with indefinite useful lives are explicitly assigned to the respective divisions. The Group’s average active equity is<br />

allocated to the business segments and to Consolidation & Adjustments in proportion to their economic risk exposures, which comprise economic capital, goodwill and unamortized other<br />

intangible assets.<br />

5 Includes a gain from the sale of industrial holdings (Daimler AG) of € 236 million, a reversal of impairment of intangible assets (Asset Management) of € 291 million (the related impairment<br />

had been recorded in 2008), an impairment charge of € 278 million on industrial holdings and an impairment of intangible assets (Corporate Investments) of € 151 million which are excluded<br />

from the Group’s target definition.

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