entire - Deutsche Bank Annual Report 2012

Deutsche Bank
Financial Report 2010
Deutsche Bank
The Group at a glance
2010 2009
Share price at period-end 1 € 39.10 € 44.98
Share price high 1 € 55.11 € 53.05
Share price low 1 € 35.93 € 14.00
Basic earnings per share 2 € 3.07 € 7.21
Diluted earnings per share 2 € 2.92 € 6.94
Average shares outstanding, in m., basic 2 753 689
Average shares outstanding, in m., diluted 2 791 717
Return on average shareholders’ equity (post tax) 5.5 % 14.6 %
Pre-tax return on average shareholders’ equity 9.5 % 15.3 %
Pre-tax return on average active equity 9.6 % 15.1 %
Book value per basic share outstanding 3 € 52.38 € 52.65
Cost/income ratio 4 81.6 % 72.0 %
Compensation ratio 5 44.4 % 40.5 %
Noncompensation ratio 6 37.3 % 31.5 %
in € m. in € m.
Total net revenues 28,567 27,952
Provision for credit losses 1,274 2,630
Total noninterest expenses 23,318 20,120
Income (loss) before income taxes 3,975 5,202
Net income (loss) 2,330 4,958
Dec 31, 2010 Dec 31, 2009
in € bn. in € bn.
Total assets 1,906 1,501
Shareholders’ equity 48.8 36.6
Core Tier 1 capital ratio 7 8.7 % 8.7 %
Tier 1 capital ratio 8 12.3 % 12.6 %
Number Number
Branches 3,083 1,964
thereof in Germany 2,087 961
Employees (full-time equivalent) 102,062 77,053
thereof in Germany
Long-term rating
49,265 27,321
Moody’s Investors Service Aa3 Aa1
Standard & Poor’s A+ A+
Fitch Ratings AA– AA–
1 For comparison purposes, the share prices have been adjusted for all periods before October 6, 2010 to reflect the impact of the subscription rights issue in
connection with the capital increase.
2 The number of average basic and diluted shares outstanding has been adjusted for all periods before October 6, 2010 to reflect the effect of the bonus element of the
subscription rights issue in connection with the capital increase.
3 Book value per basic share outstanding is defined as shareholders’ equity divided by the number of basic shares outstanding (both at period end).
4 Total noninterest expenses as a percentage of total net interest income before provision for credit losses plus noninterest income.
5 Compensation and benefits as a percentage of total net interest income before provision for credit losses plus noninterest income.
6 Noncompensation noninterest expenses which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income
before provision for credit losses plus noninterest income.
7 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.
8
The Tier 1 capital ratio relates Tier 1 capital to risk-weighted assets for credit, market and operational risk. The Tier 1 capital ratio excludes transitional items pursuant
to Section 64h (3) German Banking Act.
Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the
absolute figures.