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  "documentTitle": "DB June2018 v8 cb enn ligne",
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  "notes": "Page 10 of the 2013 Annual Financial Statements and Management Report.",
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      "text": "Deutsche Bank recorded in 2013 a net profit of € 893 million after a prior year net profit of € 729 million.",
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      "text": "Net profit: € 893 million",
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      "text": "Other ordinary income/expenses: The balance of other ordinary income and expenses totalled € (1.1) billion (2012: € (2.7) billion). This development was mainly driven by the following items. Expenses for value adjustments of investments in affiliated companies, after considering reversals of prior period impairments in accordance with Section 340c (2) HGB, decreased by € 1.6 billion to a net expense of € 819 million. Write-downs and non-scheduled depreciation of tangible and intangible assets amounted to € 60 million in 2013 (2012: € 94 million). Prior year expenses from takeover of losses in the amount € 168 million did not reoccur. Against these developments, the bank recorded net losses on securities treated as fixed assets of € 250 million (2012: net gain of € 39 million).",
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      "text": "Scheduled depreciation and amortization of tangible and intangible assets amounted to € 531 million in 2013 (2012: € 464 million).",
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      "text": "Taxes: In 2013, a tax expense of € 850 million was recorded compared to a tax benefit of € 538 million in the prior year. The current year's effective income tax rate was primarily driven by expenses that are not deductible for tax purpose and tax exempt income.",
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      "text": "Reduced result of net risk provisioning: In 2013, total of risk provisioning, consisting of changes in credit related risk provisioning and the net result from securities held in the liquidity reserve, decreased by € 180 million to € 529 million. This development was mainly attributable to improved results from securities of the liquidity reserve, up by € 148 million, and a reduction in credit risk provisioning by € 33 million compared to the prior year.",
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      "text": "Other administrative expenses (excluding depreciation and amortisation on tangible and intangible assets) increased by € 437 million to € 6.6 billion. Main contributors to the increase included expenses for rent and maintenance of IT-equipment (€ 349 million) and expenses from intercompany charges (€ 89 million).",
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      "text": "Additions to the fund for general banking risks: In order to preserve the overall amount of the fund for general banking risks, the full amount of € 450 million which was released from the trading-related special reserve according to Section 340e (4) HGB was attributed to the fund for general banking risks according to Section 340g HGB.",
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      "text": "Other operating income/expenses: The balance of other operating income/expenses resulted in a net expense of € 2.3 billion in 2013, unchanged to prior year. The net operating result of nontrading financial instruments related to exposures in foreign currency, interest rate, commodities and credit risk including hedging derivatives and underlying positions went up by € 659 million. Other sundry income/expenses were reduced by € 259 million. Against these positive developments, expenses for litigation, penalties and fines increased by € 198 million. Therein included were charges for a settlement agreement with Kirch Group concluded on February 20, 2014 in an amount of € 528 million. Deutsche Bank agreed to pay € 775 million (plus interest at the rate of 5 % p.a. since March 24, 2011 and costs in the amount of € 40 million) in consideration for the plaintiffs withdrawing their claims. The net result of the return from plan assets and interest costs for the unwinding of the discount of pension obligations went from positive € 400 million to negative € 506 million, mainly driven by lower returns from plan assets.",
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      "text": "Net profit: Deutsche Bank recorded in 2013 a net profit of € 893 million after a prior year net profit of € 729 million. The increase was mainly attributable to net non-operating expenses before taxes, down by € 1.6 billion and higher operating profit before taxes, which was up € 390 million compared to 2012, partly compensated by an addition.",
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      "text": "Extraordinary income and expenses: Extraordinary expenses of € 144 million reflect restructuring activities (2012: expenses of € 211 million).",
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