Deutsche Bank

Annual Report 2016

Consolidated Statement of Income

in € m.

Notes

2016

2015

2014

Interest and similar income

5

25,636

25,967

25,001

Interest expense

5

10,929

10,086

10,729

Net interest income

5

14,707

15,881

14,272

Provision for credit losses

21

1,383

956

1,134

Net interest income after provision for credit losses

 

13,324

14,925

13,138

Commissions and fee income

6

11,744

12,765

12,409

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

5

1,401

3,842

4,299

Net gains (losses) on financial assets available for sale

7

653

203

242

Net income (loss) from equity method investments

18

455

164

619

Net income (loss) from securities held to maturity

17

0

0

0

Other income (loss)

8

1,053

669

108

Total noninterest income

 

15,307

17,644

17,677

Compensation and benefits

36

11,874

13,293

12,512

General and administrative expenses

9

15,454

18,632

14,654

Policyholder benefits and claims

 

374

256

289

Impairment of goodwill and other intangible assets

26

1,256

5,776

111

Restructuring activities

10

484

710

133

Total noninterest expenses

 

29,442

38,667

27,699

Income (loss) before income taxes

 

(810)

(6,097)

3,116

Income tax expense

37

546

675

1,425

Net income (loss)

 

(1,356)

(6,772)

1,691

Net income attributable to noncontrolling interests

 

45

21

28

Net income (loss) attributable to Deutsche Bank shareholders and additional equity components

 

(1,402)

(6,794)

1,663

Earnings per Share

in €

Notes

2016

2015

2014

1

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

2

Earnings were adjusted by € 276 and € 228 million net of tax for the coupons paid on Additional Tier 1 Notes in April 2016 and April 2015.

3

Due to the net loss situation for 2016 and 2015 potentially dilutive shares are generally not considered for the earnings per share calculation, because to do so would decrease the net loss per share. Under a net income situation however, the number of adjusted weighted average shares after assumed conversion would have been increased by 27 million shares for 2016 and 2015.

Earnings per share:1,2

11

 

 

 

Basic

 

(€ 1.21)

(€ 5.06)

€ 1.34

Diluted

 

(€ 1.21)

(€ 5.06)

€ 1.31

Number of shares in million:1

 

 

 

 

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

 

1,388.1

1,387.9

1,241.9

Denominator for diluted earnings per share – adjusted weighted-average shares after assumed conversions3

 

1,388.1

1,387.9

1,269.5

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