dbfy2014 financial statement

7/24/2019 Dbfy2014 Financial Statement

1/21

IND

Consolidated Statement of Income

Earnings per Share

Consolidated Statement of Comprehensive Income

Consolidated Balance Sheet

Consolidated Statement of Changes in EquityConsolidated Statement of Cash Flows


2/21

Deutsche Bank Annual Report 2014Consolidated Stateent o! Incoe

Notes 20!

Interest and similar income " 2"#00Interest e$pense " 0#%2&

Net interest income " 14"2#2

'rovision for credit losses 20 #(!

Net interest income after provision for credit losses 1$"1$%

Commissions and fee income ) 2#!0&

" !#2&&

Net gains *losses+ on financial assets availa,le for sale % 2!2

Net income *loss+ from equity method investments % )&

-ther income *loss+ . 0.

/otal noninterest income 1#"#

Compensation and ,enefits (" 2#"2eneral and administrative e$penses & !#)"!

'olicyholder ,enefits and claims 2.&

Impairment of intangi,le assets 2"

1estructuring activities 0 ((

/otal noninterest e$penses 2#"&''

Income ,efore income ta$es $"11&

Income ta$ e$pense () #!2"

Net income 1"&'1

Net income attri,uta,le to noncontrolling interests 2.

Net income attri,uta,le to eutsche Ban3 shareholders #))(

Bac3 to inde$

in 4 m5

Net gains *losses+ on financial assets6lia,ilities at fair value throughprofit or loss


3/21

20( 202

2"#)0 (#"&(0#%). "#)&

!#.(! "#&%"

2#0)" #%2

2#%)& !#2"!

2#(0. #.0&

(#.% "#)0.

(&! (0

()& )(

&( *20+

%#0.2 %#%)

2#(2& (#!&0"#2) "#0%

!)0 !!

%& #..)

(&& (&!

2.#(&! (#20

#!") .!

%%" !&.

). ()

" "(

))) 2)(


4/21

Deutsche Bank Annual Report 2014Earnin(s per Share

in 4 Notes 20!

Basic 4 5(!

4 5(

#2!5&

#2)&5"

2 Includes numerator effect of assumed conversions5 For further detail please see Note 7Earnings per Share85

Bac3 to inde$

Earnings per share9

iluted2

Num,er of shares in million9

enominator for ,asic earnings per share : weighted;average sharesoutstanding

enominator for diluted earnings per share : ad


5/21

20( 202

4 05)! 4 052%

4 05)2 4 052)

#0!"5! &%&50

#0%(52 #00!5%

omponent of su,scription rights issued


6/21

Deutsche Bank Annual Report 2014Consolidated Stateent o! Coprehensi)e Incoe

20!

Net income recogni>ed in the income statement 1"&'1-ther comprehensive income

1emeasurement gains *losses+ related to defined ,enefit plans# ,efore ta$ *!0(+

!0%

Financial assets availa,le for sale

?nreali>ed net gains *losses+ arising during the period# ,efore ta$ #&2

*.%+

erivatives hedging varia,ility of cash flows

?nreali>ed net gains *losses+ arising during the period# ,efore ta$ *)+

((&

@ssets classified as held for sale

?nreali>ed net gains *losses+ arising during the period# ,efore ta$ 0

*(+

Foreign currency translation

?nreali>ed net gains *losses+ arising during the period# ,efore ta$ 2#&""

(

Equity Aethod Investments

Net gains *losses+ arising during the period *("+

*)%2+

-ther comprehensive income *loss+# net of ta$ 4"410

/otal comprehensive income *loss+# net of ta$ &"102

@ttri,uta,le to9

Noncontrolling interests "!

eutsche Ban3 shareholders )#0!.

Bac3 to inde$

in 4 m5

Items that will not ,e reclassified to profit or loss

/otal of income ta$ related to items that will not ,e reclassified to profit or loss

Items that are or may ,e reclassified to profit or loss

1eali>ed net *gains+ losses arising during the period *reclassified toprofit or loss+# ,efore ta$




/otal of income ta$ related to items that are or may ,e reclassified to profit or loss


7/21

20( 202

). ()

*%%+ *.&+

". !0%

)! #.%!

*((+ *)!+

& !2

(" !"

( 0

0 0

*&!.+ *"(%+

*+ "

)( *(.+

*)0+ *!!%+

*#.2"+ 2&)

*#!!+ )2

( !.

*#"%+ !)!


8/21

Deutsche Bank Annual Report 2014Consolidated Balance Sheet

Notes

@ssets9Cash and due from ,an3s 20#0""

Interest;earning deposits with ,an3s )(#".

2# 22 %#%&)

Securities ,orrowed 2# 22 2"#.(!

/rading assets &"#).

'ositive mar3et values from derivative financial instruments )2&".

%#2."

2# )# 2# 22# (% &!2#&2!

Financial assets availa,le for sale )# 2# 22 )!#2&%

Equity method investments % !#!(oans 20# 2# 22 !0"#)2

'roperty and equipment 2( 2#&0&

oodwill and other intangi,le assets 2" !#&"

-ther assets 2)# 2% (%#&.0

@ssets for current ta$ () #.&

eferred ta$ assets () )#.)"

/otal assets 1"#0%"#0$

ia,ilities and equity9

eposits 2. "(2#&(

2# 22 0#..%Securities loaned 2# 22 2#((&

2# )# (%

/rading lia,ilities !#.!(

Negative mar3et values from derivative financial instruments )0#202

(%#(

Investment contract lia,ilities .#"2(

)&%#)&&

-ther short;term ,orrowings ( !2#&(

-ther lia,ilities 2)# 2% .(#.2(

'rovisions 20# 2& )#)%%

ia,ilities for current ta$ () #)0.

eferred ta$ lia,ilities () #%"ong;term de,t (2 !!#.(%

/rust preferred securities (2 0#"%(

-,ligation to purchase common shares 0

/otal lia,ilities 1"&$*"4%1

(! (#"(

@dditional paid;in capital ((#)2)

1etained earnings 2%&

Bac3 to inde$

in 4 m5 ec (# 20!

Central ,an3 funds sold and securities purchased under resaleagreements

Financial assets at fair value through profit or loss

Financial assets designated at fair value through profit or loss

/otal financial assets at fair value through profit or loss

Central ,an3 funds purchased and securities sold under repurchase

agreements

Financial lia,ilities at fair value through profit or loss

Financial lia,ilities designated at fair value through profit or loss

/otal financial lia,ilities at fair value through profit or loss

Common shares# no par value# nominal value of 4 25")


9/21

Common shares in treasury# at cost (! *.+

Equity classified as o,ligation to purchase common shares 0

@ccumulated other comprehensive income *loss+# net of ta$ #&2(

/otal shareholders equity &%"$*1

@dditional equity components !#)&

Noncontrolling interests 2"(

/otal equity #$"22$

/otal lia,ilities and equity 1"#0%"#0$


10/21

%#""

%%#&.!

2%#()(

20#.%0

20#0%0

"0!#"&0

.!#"&%

.&"%

!.#(2)

(#".(%)#".2

!#!20

(#&(2

2#"(&

2#(22

%#0%

#)#!00

"2%#%"0

(#(.2#(0!

""#.0!

!.(#!2.

&0#0!

.#0)%

)(%#!0!

"%)%

)(#"&"

!#"2!

#)00

#0((#0.2

#&2)

0

#"")#!(!

2#)0

2)#20!

2.#(%)

ec (# 20(


11/21

*(+

0

*2#!"%+

"!#%&

0

2!%

"!#&))

#)#!00


12/21

Deutsche Bank Annual Report 2014Consolidated Stateent o! Chan(es in E+uit,

Balance as of ecem,er (# 20 2#(.0 2(#)&" (0#&

0 0 2)(

Common shares issued 0 0 0

Cash dividends paid 0 0 *).&+

0 0 *!.0+

Net change in share awards in the reporting period 0 *(!2+ 0

0 0 0

/a$ ,enefits related to share;,ased compensation plans 0 2 0

0 0 0

0 0 0

0 *)(+ 0

'urchases of treasury shares 0 0 0

Sale of treasury shares 0 0 0Net gains *losses+ on treasury shares sold 0 %% 0

0 !0% *!+

Balance as of ecem,er (# 202 2#(.0 2(#%%) 2&&

0 0 )))

Common shares issued 2(0 2#%( 0

Cash dividends paid 0 0 *%)!+

0 0 *)"&+

Net change in share awards in the reporting period 0 *(."+ 0

0 0 0

/a$ ,enefits related to share;,ased compensation plans 0 (0 0

0 0 0

0 0 0

0 *!&+ 0


Bac3 to inde$

in 4 m5Common shares

*no par value+@dditional paid;

in capital1etainedearnings

/otal comprehensive income# net of ta$

1emeasurement gains *losses+ related to defined ,enefitplans# net of ta$

/reasury shares distri,uted under share;,ased compensationplans

@dditions to Equity classified as o,ligation to purchasecommon shares

eductions from Equity classified as o,ligation to purchasecommon shares

-ption premiums and other effects from options on commonshares

-ther2








13/21

Sale of treasury shares 0 0 0

Net gains *losses+ on treasury shares sold 0 *!&+ 0

-ther 0 "0 *)"+

Balance as of ecem,er (# 20( 2#)0 2)#20! 2.#(%)

0 0 #))(

Common shares issued &2 %#".% 0

Cash dividends paid 0 0 *%)"+

0 0 "

Net change in share awards in the reporting period 0 *0(+ 0

0 0 0

/a$ ,enefits related to share;,ased compensation plans 0 *(2+ 0

0 0 0

0 0 0

0 *)"+ 0


Sale of treasury shares 0 0 0

Net gains *losses+ on treasury shares sold 0 *)+ 0

-ther 0 ! 0

Balance as of ecem,er (# 20! (#"( ((#)2) 2%&

E$cluding remeasurement gains *losses+ related to defined ,enefit plans# net of ta$5

2 Includes the cumulative effect of the adoption of accounting pronouncements5

( E$cluding unreali>ed net gains *losses+ from equity method investments5

! Includes @dditional /ier Notes# which constitute unsecured and su,ordinated notes of eutsche Ban3 and are classified as eq

) Includes net proceeds from issuance# purchase and sale of @dditional Equity Components5







" -f which appro$imately 4 *%"0+ million are attri,uta,le to the noncontrolling interests in eutsche 'ost,an3 @# which were signieutsche Ban3 @+5


14/21

*.2(+ 0 *)%+ *22)+ 0 *#))+ 2.

0 0 #0%% )% 0 *!2!+ *(.+

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

#!. 0 0 0 0 0 0

0 0 0 0 0 0 0

0 *!+ 0 0 0 0 0

0 ! 0 0 0 0 0

0 0 0 0 0 0 0

*2#"2+ 0 0 0 0 0 0

#!(! 0 0 0 0 0 00 0 0 0 0 0 0

0 0 . 0 0 *(+ 0

*)0+ 0 !). *"&+ 0 *#"&(+ *0+

0 0 *)"+ "% 2 *#2+ )(

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

#)0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 *+ 0 0 0 0 0

0 0 0 0 0 0

0 0 0 0 0 0 0

*(#)!.+ 0 0 0 0 0 0

Common sharesin treasury# at

cost

Equity classifiedas o,ligation to

purchasecommon shares

?nreali>ed netgains *losses+

on financialassets availa,le

for sale# net ofapplica,le ta$

and other(

?nreali>ed netgains *losses+on derivatives

hedgingvaria,ility of

cash flows# netof ta$(


on assetsclassified as

held for sale# netof ta$

Foreign currencytranslation# net

of ta$(


from equitymethod

investments


15/21

2#"(" 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

*(+ 0 (0( *0+ 2 *2#%(+ "(

0 0 #(%2 . *2+ 2#.)" *("+

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

.!0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

*.%+ 0 0 0 0 0 0

.#("2 0 0 0 0 0 0

0 0 0 0 0 0 0

0 0 0 0 0 0 0

*.+ 0 #)%" %& 0 " .

ity in accordance with IF1S5

ficantly reduced in 202 as a result of ,oth the increase in the roups shareholdings as well as the conclusion of a domination agreement ,


16/21

/otal equity

*#&.+ *$"$'0 0 #2%0 *4"&&0

). &!! 0 "2 #0&)

0 0 0 0 0

0 *).&+ 0 *(+ *)&2+

0 *!.0+ 0 *!+ *!.!+

0 *(!2+ 0 0 *(!2+

0 #!. 0 0 #!.

0 2 0 0 2

0 *!+ 0 0 *!+

0 ! 0 0 !

0 *)(+ 0 0 *)(+

0 *2#"2+ 0 0 *2#"2+

0 #!(! 0 0 #!(!0 %% 0 0 %%

" (&. 0 *%%.+

*#2&!+ *4"001 0 2(& *4"240

*#)!+ *!&.+ 0 ( *!."+

0 2#&) 0 0 2#&)

0 *%)!+ 0 *(+ *%%%+

0 *)"&+ 0 0 *)"&+

0 *(."+ 0 0 *(."+

0 #)0 0 0 #)0

0 (0 0 0 (0

0 *+ 0 0 *+

0 0 0

0 *!&+ 0 0 *!&+

0 *(#)!.+ 0 0 *(#)!.+

@ccumulatedother

comprehensiveincome# net of

ta$

/otalshareholders

equity@dditional equity

components!Noncontrolling

interests

*#%)+"


17/21

0 2#"(" 0 0 2#"("

0 *!&+ 0 0 *!&+

0 ." 0 . &(

*2#!"%+ *4"#1' 0 2!% *4"'&&

!#(.0 )#0!( 0 "! )#0&%

0 .#"0. 0 0 .#"0.

0 *%)"+ 0 *!+ *%)&+

0 " 0 0 "

0 *0(+ 0 0 *0(+

0 .!0 0 0 .!0

0 *(2+ 0 0 *(2+

0 0 0 0 0

0 0 0 0 0

0 *)"+ 0 0 *)"+

0 *.%+ 0 0 *.%+

0 .#("2 0 0 .#("2

0 *)+ 0 0 *)+

0 ! *!!+ !#))

#&2( &%"$*1 !#)& 2"( #$"22$

!#)&)

tween 'ost,an3 and its immediate parent B Finan>;Dolding m,D *a wholly owned su,sidiary of


18/21

Deutsche Bank Annual Report 2014Consolidated Stateent o! Cash -lo.s

20!

Net income 1"&'1Cash flows from operating activities9

'rovision for credit losses #(!

1estructuring activities ((

*(&+

eferred income ta$es# net )%(

Impairment# depreciation and other amorti>ation# and accretion !#")%

Share of net income from equity method investments *")&+

Income ad


19/21

1epayments and e$tinguishments of su,ordinated long;term de,t *(#!2+

Issuances of trust preferred securities !&

1epayments and e$tinguishments of trust preferred securities *(+

Capital increase .#"0.

'urchases of treasury shares *.%+

Sale of treasury shares .#(.

!#)&ividends paid to noncontrolling interests *!+

Net change in noncontrolling interests *%+

Cash dividends paid *%)"+

Net cash provided ,y *used in+ financing activities %"4##

Net effect of e$change rate changes on cash and cash equivalents %'#

Net increase *decrease+ in cash and cash equivalents *!#0.0+

Cash and cash equivalents at ,eginning of period ")#0!

Cash and cash equivalents at end of period "#&)0

Net cash provided ,y *used in+ operating activities include

Income ta$es paid *received+# net (%%

Interest paid #!2(

Interest and dividends received 2"#!0!

Cash and cash equivalents comprise

Cash and due from ,an3s 20#0""

(#&0"

/otal *1"'&0

Includes net proceeds from issuance# repurchase and sale of @dditional Equity Components5

Net proceeds from @dditional Equity Components

Interest;earning demand deposits with ,an3s *not included9 time deposits of4 (#)2 m5 as of ecem,er (# 20!# and 4 (&% m5 and 4 &"#&( m5 as ofecem,er (# 20( and 202+


20/21

20( 202

). ()

2#0)" #%2

(&& (&!

*!&(+ *)2%+

*%&+ %2(

2#!!( (#2()

*!((+ *(&%+

!#!.( "#()"

""#"" #(20

#2)% *(#!2&+

*2%+ *)#")+

)#00% #%")

2#0!. (2#2!&

*!2#2.+ *2"#&&"+

*.#"".+ *)+

*2(#0.0+ *!#202+

*"2&+ (#(("

*%#)2"+ *#!.(+*22#0")+ *"#0%&+

(.#0( *(0+

(#00% *2#%&!+

%#.! *2(#&"!+

.#0"! %#!%)

#")! 2#&22

%) )(

(% &%

*(#"..+ *22#%0+

*2+ *!+

*"(+ *)!+

*2.+ &)

*"&)+ *%0(+

*(#0"+ *2#)!%+

#2% )2


21/21

*2#%%)+ *%0.+

%

*!&+ *(0+

2#&) 0

*(#)!.+ *2#%+

2#!&! #!(%

0 0*(+ *(+

2( *)%+

*%)!+ *).&+

*"!!+ *2#"2+

*&0%+ (&

2#%. *2.#%!+

"(#(2 .2#0(2

")#0! "(#(2

%!2 #2.0

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%#"" 2%#.%%

(.#..) 2"#!!!

")#0! "(#(2

dbfy2014 financial statement

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