Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 515

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 515
---
fers                                                                    |     |               0 |     |              0 |     |                0 |     |            0 |     |      0 |
| Reclassification from (to) “held for sale”                                   |     |               0 |     |              0 |     |                0 |     |            0 |     |      0 |
| Goodwill related to dispositions without being classified as “held for sale” |     |               0 |     |              0 |     |                0 |     |            0 |     |      0 |
| Impairment losses1                                                           |     |               0 |     |              0 |     |                0 |     |            0 |     |      0 |
| Exchange rate changes/other                                                  |     |               0 |     |              0 |     |              114 |     |            0 |     |    114 |
| Balance as of December 31, 2024                                              |     |               0 |     |              0 |     |            2,963 |     |            0 |     |  2,963 |
| Gross amount of goodwill                                                     |     |           4,418 |     |            643 |     |            3,477 |     |        3,737 |     | 12,275 |
| Accumulated impairment losses                                                |     |          -4,418 |     |           -643 |     |             -515 |     |       -3,737 |     | -9,313 |

1 Impairment losses of goodwill are recorded as impairment of goodwill and other intangible assets in the income statement

Changes in goodwill in 2024 only included foreign exchange rate movements of Asset Management goodwill held in non-Group currencies.

Following the acquisition of Numis Corporation Plc on October 13, 2023 (see Note 3), the purchase price allocation for the business combination resulted in the recognition of goodwill for € 235 million which was allocated to the Investment Bank CGU. Given the valuation of the Investment Bank CGU with a continued shortfall of its recoverable amount versus its carrying amount, the goodwill was considered impaired and fully written off in the fourth quarter 2023.

Goodwill Impairment Test

For the purposes of impairment testing, goodwill acquired in a business combination is allocated to the appropriate CGU on the basis as described in Note 1 “Material Accounting