17 – Equity Method Investments

Investments in associates and jointly controlled entities are accounted for using the equity method of accounting.

The Group holds interests in 116 (2013: 115) associates and 15 (2013: 20) jointly controlled entities. One associate is considered to be material to the Group, based on the carrying value of the investment and the Group’s income from this investee.

Significant investments as of December 31, 2014

 

 

Investment

Principal place of business

Nature of relationship

Ownership percentage

1

The Group has significant influence over the investee through its ownership share and board seats.

Hua Xia Bank Company Limited1

Beijing, China

Strategic Investment

19.99 %

Summarized financial information on Hua Xia Bank Company Limited

in € m.

Twelve months ended Sep 30, 20141

Twelve months ended Sep 30, 20131

1

The figures are based on the quarterly published financial statements under Chinese GAAP of the investee as of twelve months ended on September 30, 2014 and September 30, 2013.

2

The Group received dividends from Hua Xia Bank Company Limited of € 98 million during the reporting period 2014 (2013:€ 78 million).

Total net revenues

6,350

5,398

Net income

2,109

1,815

Other comprehensive income

74

(89)

Total comprehensive income2

2,183

1,727

 

 

 

Total assets

229,921

187,305

Total liabilities

217,433

177,343

Net assets of the equity method investee

12,488

9,962

Reconciliation of total net assets to the Group’s carrying amount

in € m.

Twelve months ended Sep 30, 20141

Twelve months ended Sep 30, 20131

1

The figures are based on the quarterly published financial statements under Chinese GAAP of the investee as of twelve months ended on September 30, 2014 and September 30, 2013.

2

As per December 31, 2014 the quoted market price of Hua Xia Bank Company Limited is € 3,180 million and the carrying amount of the stake is € 3,144 million. An impairment test according to IAS 36 is therefore not required.

Net assets of the equity method investee

12,488

9,962

Group's ownership percentage on the investee's equity

19.99 %

19.99 %

DB's share of net assets

2,496

1,991

Goodwill

392

367

Intangible Assets

71

69

Other adjustments

(18)

38

Carrying amount2

2,941

2,464

Aggregated financial information on the Group’s share in associates and joint ventures that are individually immaterial

in € m.

Dec 31, 2014

Dec 31, 2013

Carrying amount of all associates that are individually immaterial to the Group

999

1,037

 

 

 

Aggregated amount of the Group's share of profit (loss) from continuing operations

130

59

Aggregated amount of the Group's share of post-tax profit (loss) from discontinued operations

0

0

Aggregated amount of the Group's share of other comprehensive income

3

69

Aggregated amount of the Group's share of total comprehensive income

133

127


Key figures comparison

Compare key figures of the past years. more