Three months ended
Deutsche Bank – The Group at a Glance Mar 31, 2006 Mar 31, 2005
Share price at period end € 94.25 € 66.55
Share price high € 96.19 € 69.90
Share price low € 81.17 € 63.35
Basic earnings per share € 3.76 € 2.36
Diluted earnings per share1 € 3.30 € 2.09
Average shares outstanding, in m., basic 455 468
Average shares outstanding, in m., diluted 519 509
Return on average total shareholders’ equity (after tax) 22.4% 16.7%
Adjusted return on average active equity (after tax) 25.4% 19.2%
Pre-tax return on average total shareholders’ equity 34.2% 27.0%
Pre-tax return on average active equity 39.7% 30.2%
Cost/income ratio 67.3% 71.5%
  in € m. in € m.
Total revenues 7,990 6,583
Provision for loan losses 10 94
Total noninterest expenses 5,375 4,706
Income before income tax expense and cumulative effect of accounting changes 2,605 1,783
Net income 1,710 1,103
Underlying revenues 7,839 6,456
Provision for credit losses 4 81
Operating cost base 5,302 4,526
Underlying pre-tax profit 2,515 1,837
Underlying pre-tax return on average active equity 38.4% 31.1%
Underlying cost/income ratio 67.6% 70.1%
  Mar 31, 2006
in € bn.
Dec 31, 2005
in € bn.
Total assets 1,035 992
Loans, net 157 151
Shareholders’ equity 30.8 29.9
BIS core capital ratio (Tier I) 8.8% 8.7%
  Number Number
Branches 1,587 1,588
thereof in Germany 834 836
Employees (full-time equivalent) 64,103 63,427
thereof in Germany 26,247 26,336
Long-term rating    
Moody’s Investors Service, New York Aa3 Aa3
Standard & Poor’s, New York AA– AA–
Fitch Ratings, New York AA– AA–
  The reconciliation of average active equity, underlying measures and ratios from reported figures is provided under reconciliation.
1 Including numerator effect of assumed conversions. The effect for the three months ended March 31, 2006 and 2005 was € 0.00 and € (0.08), respectively.