Six months ended
Deutsche Bank – The Group at a Glance Jun 30, 2006 Jun 30, 2005
Share price at period end € 88.00 € 64.71
Share price high € 100.20 € 69.90
Share price low € 80.74 € 60.90
Basic earnings per share € 6.51 € 4.40
Diluted earnings per share1 € 5.57 € 4.06
Average shares outstanding, in m., basic 451 466
Average shares outstanding, in m., diluted 515 504
Return on average total shareholders’ equity (after tax) 19.4% 15.4%
Adjusted return on average active equity (after tax) 22.1% 17.4%
Pre-tax return on average total shareholders’ equity 29.6% 24.0%
Pre-tax return on average active equity 34.2% 26.7%
Cost/income ratio 69.1% 73.0%
  in € m. in € m.
Total revenues 14,790 12,484
Provision for loan losses 105 169
Total noninterest expenses 10,213 9,118
Income before income tax expense and cumulative
effect of accounting changes
4,472 3,197
Net income 2,936 2,050
Underlying revenues 14,541 12,290
Provision for credit losses 82 161
Operating cost base 10,090 8,798
Underlying pre-tax profit 4,346 3,310
Underlying pre-tax return on average active equity 33.2% 27.7%
Underlying cost/income ratio 69.4% 71.6%
  Jun 30, 2006
in € bn.
Dec 31, 2005
in € bn.
Total assets 1,058 992
Loans, net 164 151
Shareholders’ equity 29.Jän 29.Sep
BIS core capital ratio (Tier I) 8.7% 8.7%
  Number Number
Branches 1,605 1,588
thereof in Germany 835 836
Employees (full-time equivalent) 65,435 63,427
thereof in Germany 26,214 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 six months ended June 30, 2006 and 2005 was € (0.13) and € (0.01), respectively.