entire - Deutsche Bank Annual Report 2012

Deutsche Bank 02 – Consolidated Financial Statements 224
Financial Report 2010 Notes to the Consolidated Financial Statements
05 – Business Segments and Related Information
Reconciliation of Segmental Results of Operations to Consolidated Results of Operations
The following table presents a reconciliation of the total results of operations and total assets of the Group’s
business segments under management reporting systems to the consolidated financial statements for the
years ended December 31, 2010, 2009 and 2008, respectively.
in € m.
Total
Management
Reporting
Consoli-
dation &
Adjustments
Total
Consolidated
2010 2009 2008
Total
Management
Reporting
Consolidation
&
Adjustments
Total
Consolidated
Total
Management
Reporting
Consoli-
dation &
Adjustments
Total
Consolidated
Net revenues 1 28,953 (386) 28,567 28,112 (159) 27,952 13,532 82 13,613
Provision for credit
losses 1,273 0 1,274 2,630 (0) 2,630 1,075 1 1,076
Noninterest expenses 23,318 1 23,318 20,063 57 20,120 18,279 (0) 18,278
Noncontrolling
interests 24 (24) – (10) 10 – (66) 66 –
Income (loss) before
income taxes 4,339 (363) 3,975 5,428 (226) 5,202 (5,756) 15 (5,741)
Assets 1,894,282 11,348 1,905,630 1,491,108 9,556 1,500,664 2,189,313 13,110 2,202,423
Risk-weighted assets 343,522 2,683 346,204 269,969 3,507 273,476 305,953 1,779 307,732
Average active equity 33,446 7,907 41,353 31,772 2,840 34,613 28,979 3,100 32,079
1 Net interest income and noninterest income.
In 2010, loss before income taxes in Consolidation & Adjustments (C&A) was € 363 million. Noninterest expenses
included the receipt of insurance payments which were partly offset by charges for litigation provisions as well
as other items outside the management responsibility of the business segments. The main adjustments to net
revenues in C&A in 2010 were:
— Adjustments related to positions which were marked-to-market for management reporting purposes and
accounted for on an accrual basis under IFRS. These adjustments, which decreased net revenues by
approximately € 210 million, relate to economically hedged short-term positions as well as economically
hedged debt issuance trades and were mainly driven by movements in interest rates in both euro and
U.S. dollar.
— Hedging of net investments in certain foreign operations decreased net revenues by approximately
€ 245 million.
— The remainder of net revenues was due to net interest expenses which were not allocated to the business
segments and items outside the management responsibility of the business segments. Such items include
net funding expenses on non-divisionalized assets/liabilities, e.g. deferred tax assets/liabilities, and net
interest expenses related to tax refunds and accruals.