Deutsche Bank

Annual Report 2017

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.

 

 

 

2017 increase
(decrease)
from 2016

2016 increase
(decrease)
from 2015

(unless stated otherwise)

2017

2016

2015

in € m.

in %

in € m.

in %

N/M – Not meaningful

1

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

12,378

14,707

15,881

(2,329)

(16)

(1,174)

(7)

Provision for credit losses

525

1,383

956

(857)

(62)

427

45

Net interest income after provision for credit losses

11,853

13,324

14,925

(1,472)

(11)

(1,601)

(11)

Commissions and fee income1

11,002

11,744

12,765

(742)

(6)

(1,021)

(8)

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

2,926

1,401

3,842

1,524

109

(2,440)

(64)

Net gains (losses) on financial assets available for sale

479

653

203

(174)

(27)

450

N/M

Net income (loss) from equity method investments

137

455

164

(318)

(70)

291

177

Other income (loss)

(475)

1,053

669

(1,528)

N/M

385

58

Total noninterest income

14,070

15,307

17,644

(1,238)

(8)

(2,336)

(13)

Total net revenues2

25,922

28,632

32,569

(2,709)

(9)

(3,937)

(12)

Compensation and benefits

12,253

11,874

13,293

380

3

(1,419)

(11)

General and administrative expenses

11,973

15,454

18,632

(3,481)

(23)

(3,178)

(17)

Policyholder benefits and claims

0

374

256

(374)

(100)

117

46

Impairment of goodwill and other intangible assets

21

1,256

5,776

(1,235)

(98)

(4,520)

(78)

Restructuring activities

447

484

710

(37)

(8)

(226)

(32)

Total noninterest expenses

24,695

29,442

38,667

(4,747)

(16)

(9,225)

(24)

Income (loss) before income taxes

1,228

(810)

(6,097)

2,038

N/M

5,287

(87)

Income tax expense (benefit)

1,963

546

675

1,417

N/M

(129)

(19)

Net income (loss)

(735)

(1,356)

(6,772 )

621

(46)

5,416

(80)

Net income attributable to noncontrolling interests

15

45

21

(30)

(66)

24

112

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

(751)

(1,402)

(6,794)

651

(46)

5,392

(79)