Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 575

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 575
---
,895 |     |        6,797 |

Deferred tax assets on unused tax credits included € 151 million and € 10 million as of December 31, 2024 and December 31, 2023 related to the corporate alternative minimum tax in the U.S.

| 309 |

| Deutsche Bank      |
| Annual Report 2024 |

Deferred tax assets and liabilities, after offsetting

| in € m.                               |     | Dec 31, 2024 |     | Dec 31, 2023 |
|:--------------------------------------|:----|-------------:|:----|-------------:|
| Presented as deferred tax assets      |     |        6,702 |     |        7,039 |
| Presented as deferred tax liabilities |     |          574 |     |          517 |
| Net deferred tax assets               |     |        6,128 |     |        6,522 |

The change in the balance of deferred tax assets and deferred tax liabilities might not equal the deferred tax expense/(benefit). In general, this is due to (1) deferred taxes that are booked directly to equity, (2) the effects of exchange rate changes on tax assets and liabilities denominated in currencies other than euro, (3) the acquisition and disposal of entities as part of ordinary activities and (4) the reclassification of deferred tax assets and liabilities which are presented otherwise on the face of the balance sheet as components of other assets and liabilities.

Items for which no deferred tax assets were recognized

| in € m.                          |     | Dec 31, 2024¹ |     | Dec 31, 2023¹ |
|:---------------------------------|:----|--------------:|:----|--------------:|
| Deductible temporary differences |     |           -39 |     |           -36 |
| Not expiring                     |     |        -4,945 |     |        -5,119 |
| Expiring in subsequent period    |     |            -2 |     |           -28 |
| Expiring after subsequent period |     |           -77 |     |           -55 |
| Unused tax losses                |     |        -5,024 |     |        -5,202 |
| Expiring after subsequent period |     |             0 |     |             0 |
| Unused tax credits               |     |            -1 |     |            -1 |

1 Amounts in the table refer to deductible temporary differences, unused