Opportunity and risk report (DB AG)

The strategic orientation and the associated development forecast of DB Group also reflects the expectations for DB AG as the parent company. Because DB AG is linked to DB Group companies through financing and guarantee commitments as well as indirect and direct investments in the associated companies of DB Group, among other things, the opportunity and risk situation of DB AG also corresponds to the opportunity and risk situation of DB Group. The opportunity and risk report, therefore, also includes the opportunities and risks for DB AG as the parent company of DB Group. The DB Long Distance, DB Regional, DB Cargo, DB InfraGO and DB Energy business units reflect the core business of DB AG. The subsidiaries indirectly influence DB AG in terms of net investment income as a result of profit and loss transfer agreements. Therefore the future operating profits of the subsidiaries affect the future net profits of DB AG as well. The financial statements under commercial law are crucial for the determination of the dividend.