Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 512

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 512
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 |                                          |     |        |
| Balance as of December 31, 2023                |     |                       177 |     |                     360 |     |                  1,179 |     |                      460 |     |                                 2,176 |     |                                    4,009 |     |  6,185 |
| Balance as of December 31, 2024                |     |                       161 |     |                     417 |     |                  1,361 |     |                      360 |     |                                 2,299 |     |                                    3,894 |     |  6,193 |

| 267 |

| Deutsche Bank      |
| Annual Report 2024 |

Depreciation expenses, impairment losses and reversal of impairment losses on property and equipment are recorded within general and administrative expenses for the income statement. The carrying value of items of property and equipment on which there is a restriction on sale was € 1million and € 24million as of December 31, 2024 and December 31, 2023, respectively. Commitments for the acquisition of property and equipment were € 24million at year-end 2024 and € 96million at year-end 2023. The Group leases many assets including land and buildings, vehicles and IT equipment for which it records right-of-use assets. During 2024, additions to right-of-use assets amounted to € 145million and largely reflected new real estate leases. Depreciation charges of € 548million recognized in 2024 mainly resulted from planned consumption of right-of-use assets for property leases over their contractual terms. The carrying amount of right-of-use assets of € 3.9billion included in Total Property and equipment as of December 31, 2024 predominantly represented leased properties of € 3.9billion and vehicle leases of € 19million. For more information on the Group´s leased properties and related disclosures required under IFRS 16, please refer to Note 22 “Leases”.

| 268 |

#### Deutsche BankAnnual Report 202422 –LeasesThe Group’s disclosures are as a lessee under lease arrangements covering property and equipment. The Group has applied judgement in presenting related information pursuant to IFRS 16 in a manner that it considers to be most relevant to an understanding of its financial performance and position.The Group leases many assets including land and buildings, vehicles and IT equipment. The Group is a lessee for the majority of its offices