Part of the Consolidated Financial Statements as of 31 December 2009; audited by KPMG AG Wirtschaftsprüfungsgesellschaft.

[21] Property and Equipment


in € m.

Owner 
occupied properties

Furniture
and equip-
ment

Leasehold improve-
ments

Construction-
in-progress

Total

Cost of acquisition:

 

 

 

 

 

Balance as of January 1, 2008

1,528

2,297

1,444

124

5,394

Changes in the group of consolidated companies

(29)

(3)

(32)

Additions

20

253

182

484

939

Transfers

11

217

36

717

981

Reclassifications (to)/from 'held for sale'

(40)

(40)

Disposals

48

153

44

245

Exchange rate changes

(15)

(114)

(62)

(8)

(199)

Balance as of December 31, 2008

1,467

2,500

1,513

1,317

6,797

Changes in the group of consolidated companies

5

(2)

(2)

1

Additions

4

242

70

277

592

Transfers

2

23

19

(1,121)

(1,076)

Reclassifications (to)/from 'held for sale'

(2)

(2)

Disposals

11

75

34

120

Exchange rate changes

4

53

25

(6)

76

Balance as of December 31, 2009

1,469

2,741

1,592

466

6,268

 

 

 

 

 

 

Accumulated depreciation and impairment:

 

 

 

 

 

Balance as of January 1, 2008

547

1,658

779

2,985

Changes in the group of consolidated companies

(6)

(1)

(7)

Depreciation

36

227

144

407

Impairment losses

1

15

16

Reversals of impairment losses

Transfers

(5)

18

6

19

Reclassifications (to)/from 'held for sale'

(40)

(40)

Disposals

9

108

39

156

Exchange rate changes

(7)

(91)

(40)

(138)

Balance as of December 31, 2008

556

1,705

824

3,085

Changes in the group of consolidated companies

(1)

(3)

(2)

(7)

Depreciation

36

232

150

417

Impairment losses

5

11

5

21

Reversals of impairment losses

Transfers

(1)

10

3

12

Reclassifications (to)/from 'held for sale'

Disposals

5

55

24

85

Exchange rate changes

37

9

47

Balance as of December 31, 2009

589

1,926

970

5

3,491

 

 

 

 

 

 

Carrying amount:

 

 

 

 

 

Balance as of December 31, 2008

911

795

689

1,317

3,712

Balance as of December 31, 2009

880

815

621

461

2,777

In 2008 Deutsche Bank completed a foreclosure on a property under construction (with a carrying value of € 1.1 billion), previously held as collateral of a loan under trading assets. The asset was then reclassified as construction-in-progress in Property and Equipment, in the 2008 financial statements. In 2009, following a change in the relevant accounting standards, the Group changed the accounting treatment for this asset and reclassified it to investment property under Other Assets in the 2009 financial statements.

Impairment losses on property and equipment are recorded within General and administrative expenses in the income statement.

The carrying value of items of property and equipment on which there is a restriction on sale was € 72 million as of December 31, 2009.

Commitments for the acquisition of property and equipment were € 145 million at year-end 2009.

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