Consolidated Results of Operations

You should read the following discussion and analysis in conjunction with the consolidated financial statements.

Condensed Consolidated Statement of Income

in € m.

 

 

 

2013 increase (decrease)
from 2012

2012 increase (decrease)
from 2011

(unless stated otherwise)

2013

2012

2011

in € m.

in %

in € m.

in %

N/M – Not meaningful

1

Prior periods have been restated. For further detail please refer to Note 1 “Significant Accounting Policies and Critical Accounting Estimates” of this report.

2

After provision for credit losses.

Net interest income

14,834

15,975

17,445

(1,141)

(7)

(1,470)

(8)

Provision for credit losses

2,065

1,721

1,839

344

20

(118)

(6)

Net interest income after provision for credit losses

12,769

14,254

15,606

(1,485)

(10)

(1,352)

(9)

Commissions and fee income1

12,308

11,809

11,878

500

4

(69)

(1)

Net gains (losses) on financial assets/liabilities at fair value through profit or loss1

3,817

5,608

2,724

(1,791)

(32)

2,884

106

Net gains (losses) on financial assets available for sale

394

301

123

93

31

178

145

Net income (loss) from equity method investments

369

163

(264)

206

127

427

N/M

Other income (loss)

193

(120)

1,322

313

N/M

(1,442)

N/M

Total noninterest income

17,082

17,761

15,783

(679)

(4)

1,978

13

Total net revenues2

29,850

32,015

31,389

(2,164)

(7)

626

2

Compensation and benefits

12,329

13,490

13,135

(1,160)

(9)

355

3

General and administrative expenses

15,126

15,017

12,657

110

1

2,360

19

Policyholder benefits and claims

460

414

207

46

11

207

100

Impairment of intangible assets

79

1,886

0

(1,808)

(96)

1,886

N/M

Restructuring activities

399

394

0

5

1

394

N/M

Total noninterest expenses

28,394

31,201

25,999

(2,807)

(9)

5,202

20

Income before income taxes

1,456

814

5,390

642

79

(4,576)

(85)

Income tax expense

775

498

1,064

277

56

(566)

(53)

Net income

681

316

4,326

365

116

(4,010)

(93)

Net income attributable to noncontrolling interests

15

53

194

(37)

(71)

(141)

(73)

Net income attributable to Deutsche Bank shareholders

666

263

4,132

403

154

(3,869)

(94)