entire - Deutsche Bank Annual Report 2012

Deutsche Bank 02 – Consolidated Financial Statements 315
Financial Report 2010 Additional Notes
37 – Related Party Transactions
The Group has several business relationships with related parties. Transactions with such parties are made in
the ordinary course of business and on substantially the same terms, including interest rates and collateral, as
those prevailing at the time for comparable transactions with other parties. These transactions also did not involve
more than the normal risk of collectibility or present other unfavorable features.
Transactions with Key Management Personnel
Key management personnel are those persons having authority and responsibility for planning, directing and
controlling the activities of Deutsche Bank, directly or indirectly. The Group considers the members of the
Management Board and of the Supervisory Board to constitute key management personnel for purposes of IAS 24.
The following table presents the compensation expense of key management personnel.
in € m. 2010 2009 2008
Short-term employee benefits 23 22 9
Post-employment benefits 3 3 3
Other long-term benefits 3 – –
Termination benefits 2 – –
Share-based payment 6 7 8
Total 37 32 20
Among the Group’s transactions with key management personnel as of December 31, 2010 were loans and
commitments of € 10 million and deposits of € 9 million.
In addition, the Group provides banking services, such as payment and account services as well as investment
advice, to key management personnel and their close family members.
In 2010, a member of key management personnel received payments from a Group company. The contractually
enforceable payments are not included within compensation expense of key management disclosed above. At
the time the contractual arrangement was executed the payor company was not included in the Group of
consolidated companies.
Transactions with Subsidiaries, Joint Ventures and Associates
Transactions between Deutsche Bank AG and its subsidiaries meet the definition of related party transactions.
If these transactions are eliminated on consolidation, they are not disclosed as related party transactions.
Transactions between the Group and its associated companies and joint ventures also qualify as related party
transactions and are disclosed as follows.