entire - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Review 2010
Group Five-Year Record
03 – Consolidated Financial Statements / Excerpts
Group Five-Year Record
Balance Sheet
in € m. Dec 31, 2010 Dec 31, 2009 Dec 31, 2008 Dec 31, 2007 Dec 31, 2006
Total assets 1,905,630 1,500,664 2,202,423 1,925,003 1,520,580
Loans 407,729 258,105 269,281 198,892 178,524
Total liabilities 1,855,238 1,462,695 2,170,509 1,885,688 1,486,694
Total shareholders’ equity 48,843 36,647 30,703 37,893 33,169
Noncontrolling interests 1,549 1,322 1,211 1,422 717
Tier 1 capital 42,565 34,406 31,094 28,320 23,539
Total regulatory capital 48,688 37,929 37,396 38,049 34,309
Income Statement
in € m. 2010 2009 2008 2007 2006
Net interest income 15,583 12,459 12,453 8,849 7,008
Provision for credit losses 1,274 2,630 1,076 612 298
Commissions and fee income 10,669 8,911 9,741 12,282 11,192
Net gains ( losses ) on fi nancial assets / liabilities at fair value through profi t or loss 3,354 7,109 ( 9,992 ) 7,175 8,892
Other noninterest income ( loss ) (1,039) ( 527) 1,411 2,523 1,476
Total noninterest income 12,984 15,493 1,160 21,980 21,560
Compensation and benefi ts 12,671 11,310 9,606 13,122 12,498
General and administrative expenses 10,133 8,402 8,339 8,038 7,143
Policyholder benefi ts and claims 485 542 ( 252) 193 67
Impairment of intangible assets 29 ( 134) 585 128 31
Restructuring activities – – – ( 13) 192
Total noninterest expenses 23,318 20,120 18,278 21,468 19,931
Income ( loss ) before income taxes 3,975 5,202 ( 5,741) 8,749 8,339
Income tax expense ( benefi t ) 1,645 244 ( 1,845) 2,239 2,260
Net income ( loss ) 2,330 4,958 ( 3,896) 6,510 6,079
Net income ( loss ) attributable to noncontrolling interests 20 ( 15) ( 61) 36 9
Net income ( loss ) attributable to Deutsche Bank shareholders 2,310 4,973 ( 3,835) 6,474 6,070
Key fi gures 2010 2009 2008 2007 2006
Basic earnings per share¹ € 3.07 € 7.21 ( € 6.87) € 12.29 € 11.66
Diluted earnings per share¹ € 2.92 € 6.94 ( € 6.87) € 11.80 € 10.44
Dividends paid per share in period € 0.75 € 0.50 € 4.50 € 4.00 € 2.50
Return on average shareholders’ equity ( post-tax ) 5.5 % 14.6 % ( 11.1 ) % 17.9 % 20.3 %
Pre-tax return on average shareholders’ equity 9.5 % 15.3 % ( 16.5 ) % 24.1 % 27.9 %
Cost / income ratio 81.6 % 72.0 % 134.3 % 69.6 % 69.8 %
Core Tier 1 capital ratio² 8.7 % 8.7 % 7.0 % 6.9 % 6.9 %
Tier 1 capital ratio² 12.3 % 12.6 % 10.1 % 8.6 % 8.5 %
Total capital ratio² 14.1 % 13.9 % 12.2 % 11.6 % 12.5 %
Employees ( full-time equivalent ) 102,062 77,053 80,456 78,291 68,849
¹ The number of average basic and diluted shares outstanding has been adjusted for all periods before October 6, 2010 to refl ect the eff ect of the bonus element of the subscription
rights issue in connection with the capital increase.
² Ratios presented for 2009 and 2008 are pursuant to the revised capital framework presented by the Basel Committee in 2004 (“Basel II”) as adopted into German law by the
German Banking Act and the Solvency Regulation (“Solvabilitätsverordnung”). Ratios presented for 2007 and 2006 are based on the Basel I framework and thus calculated on
a noncomparative basis. The capital ratios relate the respective capital to risk-weighted assets for credit, market and operational risk. Excludes transitional items pursuant to
Section 64h (3) German Banking Act.
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