Deutsche Bank Annual Report 2006

THE GROUP AT A GLANCE
	2006	2005
Share price at period end	€ 101.34	€ 81.90
Share price high	€ 103.29	€ 85.00
Share price low	€ 80.74	€ 60.90
Dividend per share (proposed for 2006)	€ 4.00	€ 2.50
Basic earnings per share	€ 13.31	€ 7.62
Diluted earnings per share¹	€ 11.55	€ 6.95
Average shares outstanding, in m., basic	450	463
Average shares outstanding, in m., diluted	511	509
Return on average total shareholders’ equity (post-tax)	19.5 %	12.5 %
Adjusted return on average active equity (post-tax)^{2, 3}	22.2 %	16.2 %
Pre-tax return on average total shareholders’ equity	26.4 %	21.7 %
Pre-tax return on average active equity³	30.4 %	24.3 %
Cost/income ratio⁴	70.2 %	74.7 %

in € m.	2006	2005
Total revenues	28,338	25,640
Provision for loan losses	330	374
Total noninterest expenses	19,883	19,154
Income before income tax expense and cumulative effect of accounting changes	8,125	6,112
Net income	5,986	3,529

in € bn.	Dec 31, 2006	Dec 31, 2005
Total assets	1,126	992
Loans, net	168	151
Shareholders’ equity	32.8	29.9
BIS core capital ratio (Tier I)	8.9 %	8.7 %

Number	Dec 31, 2006	Dec 31, 2005
Branches	1,717	1,588
thereof in Germany	934	836
Employees (full-time equivalent)	68,849	63,427
thereof in Germany	26,401	26,336

Long-term rating	Dec 31, 2006	Dec 31, 2005
Moody’s Investors Service, New York	Aa3	Aa3
Standard & Poor’s, New York	AA–	AA–
Fitch Ratings, New York	AA–	AA–

1	Including effect of dilutive derivatives, net of tax.
2	Net income of € 5,986 million for 2006 and € 3,529 million for 2005 is adjusted for the reversal of 1999/2000 credits for tax rate changes of € (1) million for 2006 and € 544 million for 2005, and cumulative effect of accounting changes, net of tax of € 46 million for 2006.
3	We calculate this adjusted measure of our return on average total shareholders’ equity to make it easier to compare us to our competitors. We refer to this adjusted measure as our “return on average active equity”. However, this is not a measure of performance under U.S. GAAP and you should not compare our ratio to other companies’ ratios without considering the differences in calculation of the ratios. The items for which we adjust the average shareholders’ equity of € 30,765 million for 2006 and € 28,201 million for 2005 are the average unrealized net gains on securities available for sale, net of applicable tax effects of € 2,382 million for 2006 and € 2,023 million for 2005 and the average dividends of € 1,615 million for 2006 and € 1,048 million for 2005. The dividend is paid once a year following its approval by the general shareholders’ meeting.
4	Noninterest expenses as a percentage of net interest revenues before provision for loan losses plus noninterest revenues.

Useful information on the Deutsche Bank share

2006
Change in total return¹			27.39 %
Share in equities trading (Xetra and Frankfurt Floor Trading)			7.8 %
Average daily trading volume²			4.2 million shares

As of December 31, 2006
Issued shares			524,768,009
Outstanding shares			498,650,274
Share capital			€ 1,343,406,103.04
Market capitalization			€ 53,18 billion
Share price³			€ 101.34
Weighting in the DAX			7.7 %
Weighting in the Dow Jones STOXX 50			1.6 %

Securities identification codes
Deutsche Börse		New York Stock Exchange
Type of issue	Registered share	Type of issue	Global Registered Share
Symbol	DBK	Currency	U.S.$
WKN	514 000	Symbol	DB
ISIN	DE0005140008	CINS	D 18190898
Reuters	DBKGn.DE	Bloomberg	DBK GR

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