Consolidated Statement of Income (unaudited)

Transcription

1 Deutsche Bank Consolidated Financial Statements 79 Interim Report as of September 0, 05 Consolidated Statement of Income (unaudited) Consolidated Statement of Income (unaudited) Income Statement Three months ended in m. Sep 0, 05 Sep 0, 04 Sep 0, 05 Sep 0, 04 Interest and similar income 6,66 5,909 0,054 8,57 Interest expense,968,496 8,09 8,06 Net interest income,69,4,05 0,454 Provision for credit losses Net interest income after provision for credit losses,486,44,448 9,689 Commissions and fee income,08, 9,86 9,40 Net on financial assets/liabilities at fair value through profit or loss ,79,700 Net on financial assets available for sale Net income (loss) from equity method investments (54) 66 () 49 Other income Total noninterest income,67 4,45 4,858,66 Compensation and benefits,09,90 0,89 9,50 General and administrative expenses 4,7 4,049,575 0,64 Policyholder benefits and claims (9) Impairment of goodwill and other intangible assets 5, ,770 0 Restructuring activities 5 Total noninterest expenses,4 7,8 9,700 0,488 Income (loss) before income taxes (6,0) 66 (,9),864 Income tax expense (benefit) (77) 58,54,64 Net income (loss) (6,04) (9) (4,647),50 Net income (loss) attributable to noncontrolling interests () 6 4 Net income (loss) attributable to Deutsche Bank shareholders and additional equity components (6,0) (94) (4,674),5 Earnings per Common Share Earnings per common share: Basic (4.5) Diluted (4.5) Number of shares in million: Three months ended Sep 0, 05 Sep 0, 04 Sep 0, 05 Sep 0, 04 (0.07) (.5) (0.07) (.5).0.00 Denominator for basic earnings per share weighted-average shares outstanding,8.,8.6,88.,9. Denominator for diluted earnings per share adjusted weighted-average shares after assumed conversions,8.,8.6,88.,.6 The number of average basic and diluted shares outstanding has been adjusted for all periods before June 04 in order to reflect the effect of the bonus component of subscription rights issued in June 04 in connection with the capital increase. Earnings were adjusted by 8 million for the coupons paid on Additional Tier Notes in April 05. Due to the net loss situation for the three months ended September 0, 05, the three months ended September 0, 04 and the nine months ended September 0, 05 potentially dilutive shares are generally not considered for the EPS calculation, because to do so would decrease the net loss per share. Under a net income situation however, the number of adjusted weighted average shares after assumed conversion would have been increased by 6. million shares for the three months ended September 0, 05, by 5.7 million shares for the three months ended September 0, 04 and by 7.5 million shares for the nine months ended September 0, 05.

2 Deutsche Bank Consolidated Financial Statements 80 Interim Report as of September 0, 05 Consolidated Statement of Comprehensive Income (unaudited) Consolidated Statement of Comprehensive Income (unaudited) Three months ended in m. Sep 0, 05 Sep 0, 04 Sep 0, 05 Sep 0, 04 Net income (loss) recognized in the income statement (6,04) (9) (4,647),50 Other comprehensive income Items that will not be reclassified to profit or loss Remeasurement related to defined benefit plans, before tax 87 () (6) (4) Total of income tax related to items that will not be reclassified to profit or loss (89) 9 (7) 7 Items that are or may be reclassified to profit or loss Financial assets available for sale arising during the period, before tax 87 4 (97),0 (reclassified to profit or loss), before tax (68) (64) (8) (9) Derivatives hedging variability of cash flows arising during the period, before tax 4 (reclassified to profit or loss), before tax Assets classified as held for sale arising during the period, before tax (reclassified to profit or loss), before tax 0 (4) 0 () Foreign currency translation arising during the period, before tax (),94,0,087 (reclassified to profit or loss), before tax () Equity Method Investments Net arising during the period () 5 66 () Total of income tax related to items that are or may be reclassified to profit or loss (45) (5) (5) (4) Other comprehensive income (loss), (4),6,78,08 Total comprehensive income (loss), (6,446),04 (,864) 4,57 Attributable to: Noncontrolling interests () 44 4 Deutsche Bank shareholders and additional equity components (6,4),004 (,908) 4,4

3 Deutsche Bank Consolidated Financial Statements 8 Interim Report as of September 0, 05 Consolidated Balance Sheet (unaudited) Consolidated Balance Sheet (unaudited) Assets in m. Sep 0, 05 Dec, 04 Cash and due from banks 7,78 0,055 Interest-earning deposits with banks 75,84 6,58 Central bank funds sold and securities purchased under resale agreements,70 7,796 Securities borrowed,09 5,84 Financial assets at fair value through profit or loss Trading assets 96,998 95,68 Positive market values from derivative financial instruments 57,6 69,958 Financial assets designated at fair value through profit or loss,098 7,85 Total financial assets at fair value through profit or loss 88,707 94,94 Financial assets available for sale 7,088 64,97 Equity method investments 4,08 4,4 Loans 48,7 405,6 Property and equipment,894,909 Goodwill and other intangible assets 9,9 4,95 Other assets 5,544 7,980 Income tax assets 8,98 8,684 Total assets,79,74,708,70 Liabilities and Equity in m. Sep 0, 05 Dec, 04 Deposits 570, 5,9 Central bank funds purchased and securities sold under repurchase agreements 7,086 0,887 Securities loaned,44,9 Financial liabilities at fair value through profit or loss Trading liabilities 55,995 4,84 Negative market values from derivative financial instruments 544,440 60,0 Financial liabilities designated at fair value through profit or loss 8,687 7, Investment contract liabilities 8,68 8,5 Total financial liabilities at fair value through profit or loss 647,90 697,699 Other short-term borrowings 0,94 4,9 Other liabilities,47 8,8 Provisions 8, 6,677 Income tax liabilities,58,78 Long-term debt 6,87 44,87 Trust preferred securities 6,9 0,57 Obligation to purchase common shares 0 0 Total liabilities,650,495,65,48 Common shares, no par value, nominal value of.56,5,5 Additional paid-in capital,447,66 Retained earnings,70 9,79 Common shares in treasury, at cost (0) (8) Equity classified as obligation to purchase common shares 0 0 Accumulated other comprehensive income (loss),,8,9 Total shareholders equity 6,949 68,5 4 Additional equity components 4,674 4,69 Noncontrolling interests 56 5 Total equity 68,879 7, Total liabilities and equity,79,74,708,70 Income tax assets and income tax liabilities comprise both deferred and current taxes. Included are operational/litigation provisions of 5. billion and.6 billion as of September 0, 05 and December, 04, respectively. Excluding remeasurement effects related to defined benefit plans,. 4 Includes Additional Tier Notes, which constitute unsecured and subordinated notes of Deutsche Bank and are classified as equity in accordance with IFRS.

4 Deutsche Bank Consolidated Financial Statements 8 Interim Report as of September 0, 05 Consolidated Statement of Changes in Equity (unaudited) Consolidated Statement of Changes in Equity (unaudited) Common shares in treasury, at cost Equity classified as obligation to purchase common shares on financial assets available for sale, net of in m. Common shares (no par value) Additional paid-in capital Retained earnings applicable tax and other Balance as of December, 0,60 6,04 8,76 () 0 0 Total comprehensive income (loss), 0 0, Common shares issued 9 7, Cash dividends paid 0 0 (765) Coupon on additional equity components, Remeasurement related to defined benefit plans, Net change in share awards in the reporting period 0 (67) Treasury shares distributed under share-based compensation plans Tax benefits related to share-based compensation plans 0 () Additions to Equity classified as obligation to Deductions from Equity classified as obligation to Option premiums and other effects from options on common shares 0 (47) Purchases of treasury shares (7,98) 0 0 Sale of treasury shares , Net on treasury shares sold 0 (4) Other Balance as of September 0, 04,5,70 8,90 (7) 0,066 Balance as of December, 04,5,66 9,79 (8) 0,675 Total comprehensive income (loss), 0 0 (4,674) 0 0 (65) Common shares issued Cash dividends paid 0 0 (,04) Coupon on additional equity components, 0 0 (8) Remeasurement related to defined benefit plans, 0 0 (4) Net change in share awards in the reporting period 0 () Treasury shares distributed under share-based compensation plans Tax benefits related to share-based compensation plans Additions to Equity classified as obligation to Deductions from Equity classified as obligation to Option premiums and other effects from options on common shares 0 (4) Purchases of treasury shares (8,40) 0 0 Sale of treasury shares , Net on treasury shares sold Other 0 75 () Balance as of September 0, 05,5,447,70 (0) 0,09 Excluding unrealized net from equity method investments. Excluding remeasurement related to defined benefit plans,.

5 Deutsche Bank Consolidated Financial Statements 8 Interim Report as of September 0, 05 Consolidated Statement of Changes in Equity (unaudited) on derivatives hedging variability of cash flows, on assets classified as held for sale, Foreign currency translation, from equity method investments Accumulated other comprehensive income (loss), Total shareholders equity Additional equity components Noncontrolling interests Total equity (0) (,7) 5 (,457) 54, ,966 8 (),085 (),996 4, 0 4 4, , , (765) 0 (4) (769) (67) 0 0 (67) () 0 0 () (47) 0 0 (47) (7,98) 0 0 (7,98) , , (4) 0 0 (4) ,468 0, (68) ,5, , ,9 68,5 4,69 5 7, 0,94 66,908 (,765) 0 44 (,7) (,04) 0 (6) (,040) (8) 0 0 (8) (4) 0 0 (4) () 0 0 () (4) 0 0 (4) (8,40) 0 0 (8,40) , , (5) ,45 84,8 6,949 4, ,879 Includes Additional Tier Notes, which constitute unsecured and subordinated notes of Deutsche Bank and are classified as equity in accordance with IFRS. 4 Includes net proceeds from issuance, repurchase and sale of additional equity components. 5 Includes net proceeds from purchase and sale of additional equity components.

6 Deutsche Bank Consolidated Financial Statements 84 Interim Report as of September 0, 05 Consolidated Statement of Cash Flows (unaudited) Consolidated Statement of Cash Flows (unaudited) in m. Sep 0, 05 Sep 0, 04 Net income (loss) (4,647),50 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used in) operating activities: Provision for credit losses Restructuring activities 5 Gain on sale of financial assets available for sale, equity method investments, and other (4) (8) Deferred income taxes, net Impairment, depreciation and other amortization, and accretion 8,9,64 Share of net income (loss) from equity method investments (57) (446) Income (loss) adjusted for noncash charges, credits and other items,48 5,84 Adjustments for net change in operating assets and liabilities: Interest-earning time deposits with banks 8,98,55 Central bank funds sold, securities purchased under resale agreements, securities borrowed (,05) (5,4) Financial assets designated at fair value through profit or loss 8,698 4,5 Loans (4,89) (7,99) Other assets (,58) (66,64) Deposits 0,086,46 Financial liabilities designated at fair value through profit or loss and investment contract liabilities (0) (,87) Central bank funds purchased, securities sold under repurchase agreements and securities loaned (,679) (,0) Other short-term borrowings (,870) (9,80) Other liabilities 5,495 5,66 Senior long-term debt 4,06 5,646 Trading assets and liabilities, positive and negative market values from derivative financial instruments, net 0,5,4 Other, net (7,7) (,597) Net cash provided by (used in) operating activities 47,95 8,89 Cash flows from investing activities: Proceeds from: Sale of financial assets available for sale 4,50 0,58 Maturities of financial assets available for sale,86 7,74 Sale of equity method investments 9 07 Sale of property and equipment 96 7 Purchase of: Financial assets available for sale (,8) (7,87) Equity method investments (5) (7) Property and equipment () (444) Net cash received in (paid for) business combinations/divestitures 58 5 Other, net (70) (405) Net cash provided by (used in) investing activities (5,545) (0,5) Cash flows from financing activities: Issuances of subordinated long-term debt,88 4 Repayments and extinguishments of subordinated long-term debt (949) (,95) Issuances of trust preferred securities Repayments and extinguishments of trust preferred securities (60) (9) Common shares issued 0 8,508 Purchases of treasury shares (8,40) (7,98) Sale of treasury shares 7,568 7,5 Net proceeds from Additional Equity Components 56,468 Coupon on additional equity components, (8) 0 Dividends paid to noncontrolling interests (6) (4) Net change in noncontrolling interests (5) Cash dividends paid (,04) (765) Net cash provided by (used in) financing activities 98 7,47 Net effect of exchange rate changes on cash and cash equivalents, Net increase (decrease) in cash and cash equivalents 45,46 5,760 Cash and cash equivalents at beginning of period 5,960 56,04 Cash and cash equivalents at end of period 97,06 7,80 Net cash provided by (used in) operating activities including Income taxes paid, net 76 0 Interest paid 8,48 8,90 Interest and dividends received 0,8 9,0 Cash and cash equivalents comprise Cash and due from banks 7,78 0,866 Interest-earning demand deposits with banks (not included: time deposits of 5,56 million as of September 0, 05, and 8,66 million as of September 0, 04) 70,08 50,95 Total 97,06 7,80 Included are senior long-term debt issuances of 6,78 million and 5,766 million and repayments and extinguishments of 6,564 million and 5,88 million through September 0, 05 and September 0, 04, respectively. Included are issuances of 5,697 million and 9,97 million and repayments and extinguishments of 8,9 million and 6,9 million through September 0, 05 and September 0, 04, respectively. Includes net proceeds from repurchase and sale of Additional Equity Components.