Deutsche Bank

Annual Report 2017

Consolidated Statement of Income

in € m.

Notes

2017

2016

2015

Interest and similar income

5

24,092

25,636

25,967

Interest expense

5

11,714

10,929

10,086

Net interest income

5

12,378

14,707

15,881

Provision for credit losses

20

525

1,383

956

Net interest income after provision for credit losses

 

11,853

13,324

14,925

Commissions and fee income

6

11,002

11,744

12,765

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

5

2,926

1,401

3,842

Net gains (losses) on financial assets available for sale

7

479

653

203

Net income (loss) from equity method investments

17

137

455

164

Other income (loss)

8

(475)

1,053

669

Total noninterest income

 

14,070

15,307

17,644

Compensation and benefits

35

12,253

11,874

13,293

General and administrative expenses

9

11,973

15,454

18,632

Policyholder benefits and claims

 

0

374

256

Impairment of goodwill and other intangible assets

25

21

1,256

5,776

Restructuring activities

10

447

484

710

Total noninterest expenses

 

24,695

29,442

38,667

Income (loss) before income taxes

 

1,228

(810)

(6,097)

Income tax expense

36

1,963

546

675

Net income (loss)

 

(735)

(1,356)

(6,772)

Net income attributable to noncontrolling interests

 

15

45

21

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

 

(751)

(1,402)

(6,794)

Earnings per Share

in € m.

Notes

2017

2016

2015

1

The number of average basic and diluted shares outstanding has been adjusted for all periods before April 2017 in order to reflect the effect of the bonus component of subscription rights issued in April 2017 in connection with the capital increase.

2

Earnings were adjusted by € 298 and € 276 and € 228 million net of tax for the coupons paid on Additional Tier 1 Notes in April 2017, April 2016 and April 2015.

3

Due to the net loss situation for 2017, 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 62 million shares for 2017, 27 million shares for 2016 and 27 million shares for 2015.

Earnings per share:1,2

11

 

 

 

Basic

 

(€ 0.53)

(€ 1.08)

(€ 4.52)

Diluted

 

(€ 0.53)

(€ 1.08)

(€ 4.52)

Number of shares in million:1

 

 

 

 

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

 

1,967.7

1,555.3

1,555.1

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

 

1,967.7

1,555.3

1,555.1

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