Part of the consolidated financial statements as of 31 December 2005, which were audited by KPMG Deutsche Treuhand AG.

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Consolidated Balance Sheet

The accompanying notes are an integral part of the Consolidated Financial Statements

 
in € m. (except nominal value) [Notes] Dec 31, 2005 Dec 31, 2004
Assets:      
Cash and due from banks   6,571 7,579
Interest-earning deposits with banks [32] 11,963 18,089
Central bank funds sold and securities purchased under resale agreements [32] 130,993 123,921
Securities borrowed [32] 101,125 65,630
Trading assets   [4], [10], [32]    
of which € 84 billion and € 77 billion were pledged to creditors and can be sold or repledged at December 31, 2005 and 2004, respectively   448,393 373,147
Securities available for sale   [5], [10], [32]    
of which € 21 million and € 18 million were pledged to creditors and can be sold or repledged at December 31, 2005 and 2004, respectively   21,675 20,335
Other investments [6], [32] 7,382 7,936
Loans, net [7], [8], [9], [10], [31], [32] 151,355 136,344
Premises and equipment, net [10], [11] 5,079 5,225
Goodwill [12] 7,045 6,378
Other intangible assets, net [12] 1,198 1,069
Other assets [14], [25] 99,382 74,415
Total assets   992,161 840,068
Liabilities:      
Deposits [15], [32] 380,787 320,796
Trading liabilities [4], [32] 194,347 169,606
Central bank funds purchased and securities sold under repurchase agreements [10], [32] 143,524 105,292
Securities loaned [10], [32] 24,581 12,881
Other short-term borrowings [16], [19], [32] 20,549 20,118
Other liabilities   81,377 75,543
Long-term debt [17], [19], [32] 113,554 106,870
Obligation to purchase common shares [18] 3,506 3,058
Total liabilities   962,225 814,164
Shareholders’ equity:      
Common shares, no par value, nominal value of € 2.56 [20]    
Issued: 2005, 554.5 million shares; 2004, 543.9 million shares 1,420 1,392
Additional paid-in capital   11,672 11,147
Retained earnings   22,628 19,814
Common shares in treasury, at cost:      
2005, 49.0 million shares; 2004, 26.6 million shares   (3,368) (1,573)
Equity classified as obligation to purchase common shares [18] (3,506) (3,058)
Share awards   2,121 1,513
Accumulated other comprehensive income (loss):      
Deferred tax on unrealized net gains on securities available for sale relating to 1999 and 2000 tax rate changes in Germany   (2,164) (2,708)
Unrealized net gains on securities available for sale, net of applicable tax and other   2,498 1,760
Unrealized net gains on derivatives hedging variability of cash flows, net of tax   9 37
Minimum pension liability, net of tax   (8) (1)
Foreign currency translation, net of tax   (1,366) (2,419)
Total accumulated other comprehensive loss   (1,031) (3,331)
Total shareholders’ equity [20], [22] 29,936 25,904
Total liabilities and shareholders’ equity   992,161 840,068
Commitments and contingent liabilities (Notes [11], [30], [33])