COMMERZBANK AKTIENGESELLSCHAFT

Group Financial Statements
260
204 Commerzbank Annual Report 2011
Balance sheet
Assets | €m Notes 31.12.2011 31.12.2010 Change in % 1.1.2010 1
Cash reserve (7, 45) 6,075 8,053 – 24.6 10,329
Claims on banks
(8, 9, 10, 46,
48, 49, 79) 87,790 110,616 – 20.6 106,689
of which pledged as collateral (78) 77 94 – 18.1 –
Claims on customers
(8, 9, 10, 47,
48, 49, 79) 296,586 327,755 – 9.5 352,194
of which pledged as collateral (78) – – . –
Value adjustment for portfolio
fair value hedges (11, 50) 147 113 30.1 – 16
Positive fair values of derivative
hedging instruments (12, 51) 5,132 4,961 3.4 6,352
Trading assets (13, 52, 79) 155,700 167,825 – 7.2 218,708
of which pledged as collateral (78) 16,025 19,397 – 17.4 41,838
Financial investments (14, 53, 79) 94,523 115,708 – 18.3 130,914
of which pledged as collateral (78) 3,062 22,374 – 86.3 13,293
Holdings in companies accounted for
using the equity method (4, 54) 694 737 – 5.8 378
Intangible assets (15, 55) 3,038 3,101 – 2.0 3,209
Fixed assets (16, 56) 1,399 1,590 – 12.0 1,779
Investment properties (18, 58) 808 1,192 – 32.2 1,279
Non-current assets and disposal groups
held for sale (19, 59) 1,759 1,082 62.6 2,868
Current tax assets (26, 57) 716 650 10.2 1,267
Deferred tax assets (26, 57) 4,154 3,567 16.5 4,370
Other assets (17, 60) 3,242 7,349 – 55.9 3,783
Total 661,763 754,299 – 12.3 844,103
1 January 1, 2010 is equivalent to December 31, 2009 after the change in the way treasury shares are reported (see Note 2).