Consolidated statement of income
JAN 1 THROUGH DEC 31 / € million | Note | 2023 | 2022 1) |
Revenues | (1) | 45,191 | 52,085 |
Inventory changes and other internally produced and capitalized assets | (2) | 4,626 | 4,115 |
Overall performance | 49,817 | 56,200 | |
Other operating income | (3) | 3,354 | 4,157 |
Cost of materials | (4) | –25,276 | –32,017 |
Personnel expenses | (5) | –19,604 | –18,288 |
Depreciation, amortization and impairments | (6) | –3,912 | –3,576 |
Other operating expenses | (7) | –5,652 | –5,037 |
Operating income (EBIT) | –1,273 | 1,439 | |
Result from investments accounted for using the equity method | (8) | 9 | –7 |
Net interest income | (9) | –617 | –351 |
Other financial result | (10) | –78 | 9 |
Financial result | –686 | –349 | |
Profit/loss before taxes on income | –1,959 | 1,090 | |
Taxes on income | (11) | –73 | –1,143 |
Net loss for the year (continuing operations) | –2,032 | –53 | |
thereof net loss attributable to shareholder of Deutsche Bahn AG | –2,080 | –100 | |
thereof remuneration entitlement of hybrid capital investors | 25 | 25 | |
thereof net profit for the year attributable to non-controlling interests | 23 | 22 | |
Net loss for the year (discontinued operations) | –319 | –174 | |
thereof net loss attributable to shareholder of Deutsche Bahn AG | –319 | –174 | |
thereof remuneration entitlement of hybrid capital investors | – | – | |
thereof net profit for the year attributable to non-controlling interest | 0 | 0 | |
Net loss for the year | –2,351 | –227 | |
thereof net loss attributable to shareholder of Deutsche Bahn AG | –2,399 | –274 | |
thereof remuneration entitlement of hybrid capital investors | 25 | 25 | |
thereof net profit for the year attributable to non-controlling interests | 23 | 22 | |
Earnings per share (€ per share) (continuing operations) | |||
Undiluted | –4.84 | –0.23 | |
Diluted | –4.84 | –0.23 | |
Earnings per share (€ per share) (discontinued operations) | |||
Undiluted | –0.74 | –0.41 | |
Diluted | –0.74 | –0.41 | |
Earnings per share (€ per share) | (12) | ||
Undiluted | –5.58 | –0.64 | |
Diluted | –5.58 | –0.64 |
1) Values for 2022 adjusted due to classification of DB Arriva as discontinued operations.
Reconciliation of consolidated comprehensive income
JAN 1 THROUGH DEC 31 / € million | 2023 | 2022 1) |
Net loss for the year | –2,351 | –227 |
Change in items recognized directly in equity, which are not reclassified to the income statement | ||
Changes due to the revaluation of defined benefit plans (continuing operations) | –400 | 2,208 |
Changes due to the revaluation of defined benefit plans (discontinued operations) | –48 | –44 |
–448 | 2,164 | |
Change in items recognized directly in equity, which are reclassified to the income statement | ||
Changes resulting from currency translation (continuing operations) | –108 | 45 |
Changes resulting from currency translation (discontinued operations) | 12 | –26 |
Changes resulting from market valuation of securities (continuing operations) | 0 | 5 |
Changes resulting from market valuation of securities (discontinued operations) | 0 | –5 |
Changes resulting from market valuation of cash flow hedges and reclassifications (continuing operations) 2) | –67 | 277 |
Changes resulting from market valuation of cash flow hedges and reclassifications (discontinued operations) | –11 | 2 |
Share of profit items not recognized in the income statement due to investments accounted for using the equity method (continuing operations) | 3 | –9 |
Share of profit items not recognized in the income statement due to investments accounted for using the equity method (discontinued operations) | 0 | – |
–171 | 289 | |
Balance of profit items covered directly in equity – other profits (before taxes) | –619 | 2,453 |
Changes in deferred taxes on profit items recognized directly in equity, which are not reclassified to the income statement | ||
Deferred taxes relating to revaluation of defined benefit plans (continuing operations) | –6 | –114 |
Deferred taxes relating to revaluation of defined benefit plans (discontinued operations) | 3 | 12 |
–3 | –102 | |
Changes in deferred taxes on profit items recognized directly in equity, which are reclassified to the income statement | ||
Deferred taxes relating to the change in the market valuation of cash flow hedges (continuing operations) | –1 | –3 |
Deferred taxes relating to the change in the market valuation of cash flow hedges (discontinued operations) | 8 | –1 |
7 | –4 | |
Balance of profit items recognized directly in equity – other profits (after taxes) | –615 | 2,347 |
Comprehensive income | –2,966 | 2,120 |
Comprehensive income | ||
thereof comprehensive income attributable to shareholder of Deutsche Bahn AG | –3,007 | 2,077 |
thereof remuneration entitlement of hybrid capital investors | 25 | 25 |
thereof comprehensive income for the year attributable to non-controlling interests | 16 | 18 |
Comprehensive income for the period attributable to shareholder of Deutsche Bahn AG from | ||
continuing operations | –2,652 | 2,313 |
discontinued operations | –355 | –236 |
1) Values for 2022 adjusted due to classification of DB Arriva as discontinued operations.
2) Since January 1, 2023, effects from diesel price hedging are no longer reported in comprehensive income (item “Change in profit items recognized directly in equity, which are reclassified to the income statement”), but are recognized outside of comprehensive income in equity (item “ hedging results reclassified to the carrying amount of acquired inventories during the year”). A corresponding change in presentation as of December 31, 2022, would have resulted in a € 109 million higher comprehensive income.
