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.

 

 

 

2014 increase (decrease)
from 2013

2013 increase (decrease)
from 2012

(unless stated otherwise)

2014

2013

2012

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

14,272

14,834

15,975

(562)

(4)

(1,141)

(7)

Provision for credit losses

1,134

2,065

1,721

(931)

(45)

344

20

Net interest income after provision for credit losses

13,138

12,769

14,254

369

3

(1,485)

(10)

Commissions and fee income1

12,409

12,308

11,809

101

1

500

4

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

4,299

3,817

5,608

481

13

(1,791)

(32)

Net gains (losses) on financial assets available for sale

242

394

301

(152)

(39)

93

31

Net income (loss) from equity method investments

619

369

163

251

68

206

127

Other income (loss)

108

193

(120)

(85)

(44)

313

N/M

Total noninterest income

17,677

17,082

17,761

596

3

(679)

(4)

Total net revenues2

30,815

29,850

32,015

965

3

(2,164)

(7)

Compensation and benefits

12,512

12,329

13,490

183

1

(1,160)

(9)

General and administrative expenses

14,654

15,126

15,017

(472)

(3)

110

1

Policyholder benefits and claims

289

460

414

(172)

(37)

46

11

Impairment of intangible assets

111

79

1,886

33

42

(1,808)

(96)

Restructuring activities

133

399

394

(267)

(67)

5

1

Total noninterest expenses

27,699

28,394

31,201

(695)

(2)

(2,807)

(9)

Income before income taxes

3,116

1,456

814

1,660

114

642

79

Income tax expense

1,425

775

498

650

84

277

56

Net income

1,691

681

316

1,010

148

365

116

Net income attributable to noncontrolling interests

28

15

53

13

83

(37)

(71)

Net income attributable to Deutsche Bank shareholders

1,663

666

263

997

150

403

154