Consolidated Statement of Income

in € m.

Notes

2014

2013

2012

Interest and similar income

5

25,001

25,601

31,593

Interest expense

5

10,729

10,768

15,619

Net interest income

5

14,272

14,834

15,975

Provision for credit losses

20

1,134

2,065

1,721

Net interest income after provision for credit losses

 

13,138

12,769

14,254

Commissions and fee income

6

12,409

12,308

11,809

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

5

4,299

3,817

5,608

Net gains (losses) on financial assets available for sale

7

242

394

301

Net income (loss) from equity method investments

17

619

369

163

Other income (loss)

8

108

193

(120)

Total noninterest income

 

17,677

17,082

17,761

Compensation and benefits

35

12,512

12,329

13,490

General and administrative expenses

9

14,654

15,126

15,017

Policyholder benefits and claims

 

289

460

414

Impairment of intangible assets

25

111

79

1,886

Restructuring activities

10

133

399

394

Total noninterest expenses

 

27,699

28,394

31,201

Income before income taxes

 

3,116

1,456

814

Income tax expense

36

1,425

775

498

Net income

 

1,691

681

316

Net income attributable to noncontrolling interests

 

28

15

53

Net income attributable to Deutsche Bank shareholders

 

1,663

666

263

Earnings per Share

in €

Notes

2014

2013

2012

1

The number of average basic and diluted shares outstanding has been adjusted for all periods in order to reflect the effect of the bonus component of subscription rights issued in June 2014 in connection with the capital increase.

2

Includes numerator effect of assumed conversions. For further detail please see Note 11 “Earnings per Share”.

Earnings per share:1

11

 

 

 

Basic

 

€ 1.34

€ 0.64

€ 0.27

Diluted2

 

€ 1.31

€ 0.62

€ 0.26

Number of shares in million:1

 

 

 

 

Denominator for basic earnings per share – weighted-average shares outstanding

 

1,241.9

1,045.4

979.0

Denominator for diluted earnings per share – adjusted weighted-average shares after assumed conversions

 

1,269.5

1,073.2

1,004.7

The accompanying notes are an integral part of the Consolidated Financial Statements.