COMMERZBANK AKTIENGESELLSCHAFT

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Group Financial Statements 322 266 Commerzbank Annual Report 2011 The table below shows a breakdown of liabilities to customers by main transaction types: €m 31.12.2011 31.12.2010 Change in % Repos and cash collaterals 28,209 18,106 55.8 Liabilities from money market transactions 44,232 46,339 – 4.5 Other liabilities 182,903 198,382 – 7.8 Total 255,344 262,827 – 2.8 (63) Securitised liabilities Securitised liabilities consist of bonds and notes, including mortgage and public-sector Pfandbriefe, money market instruments (e.g. certificates of deposit, euro notes, commercial paper), index certificates, own acceptances and promissory notes outstanding. The nominal interest paid on money-market paper ranged from 0.002% to 6.55% (previous year: 0.02% to 5.45%); for bonds and notes from 0.003% to 20.05% (previous year: 0.03% to 12.00%). Mortgage Pfandbriefe of €29,353m (previous year: €28,744m) and public-sector Pfandbriefe of €34,990m (previous year: €48,495m) were contained in securitised liabilities. Total of which issued by mortgage banks €m 31.12.2011 31.12.2010 31.12.2011 31.12.2010 Bonds and notes issued 100,311 116,270 65,386 80,284 Money market instruments issued Own acceptances and promissory 5,224 15,024 – – notes outstanding 138 62 25 55 Total of which relate to the category 105,673 131,356 65,411 80,339 Liabilities measured at amortised cost At fair value through profit or loss 102,593 128,150 65,411 80,339 (fair value option) 3,080 3,206 – – New issues with a total volume of €68.7bn were issued in 2011. In the same period the volume of bonds maturing amounted to €93.2bn and redemptions to €4.0bn. The table below lists the most important bonds and notes issued in 2011: Equivalent €m Currency Issuer Interest rate % Maturity 1,500 EUR Eurohypo Aktiengesellschaft 2.750 2014 1,250 EUR Eurohypo Aktiengesellschaft 2.875 2016 1,000 EUR Eurohypo Aktiengesellschaft 1.875 2013 800 EUR Commerzbank Aktiengesellschaft 3.0851 2013 500 EUR Eurohypo Aktiengesellschaft 4.125 2021 1 Floating interest rate.
To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 267 323 258 202 Statement of comprehensive income 260 204 Balance sheet 262 206 Statement of changes in equity 264 208 Cash flow statement 266 210 Notes 409 353 Auditors’ report (64) Value adjustments for portfolio fair value hedges on the liability side The adjustment to the fair value of underlying transactions hedged against interest rate risk was €938m (previous year: €121m). A matching asset item from hedging transactions is (65) Negative fair values of derivative hedging instruments shown on the other side of the balance sheet under positive fair values attributable to derivative hedging instruments. The negative fair values of derivatives used to hedge underlying transactions against interest rate risk are shown under this item. €m 31.12.2011 31.12.2010 Change in % Negative fair values of micro fair value hedges 11,378 9,312 22.2 Negative fair values of portfolio fair value hedges 26 40 – 35.0 Negative fair values of cash flow hedges 23 17 35.3 Total 11,427 9,369 22.0 (66) Trading liabilities Trading liabilities show the negative fair values of derivative financial instruments that do not qualify for hedge accounting as well as lending commitments with negative fair values. Own issues in the trading book and delivery commitments arising from short sales of securities are also included under trading liabilities. €m 31.12.2011 31.12.2010 Change in % Currency-related derivative transactions 20,762 19,368 7.2 Interest-rate-related derivative transactions 96,736 100,479 – 3.7 Other derivative transactions 8,433 10,248 – 17.7 Certificates and other notes issued Delivery commitments arising from short sales of securities, negative market values of lending commitments and 5,789 9,070 – 36.2 other trading liabilities 6,127 13,228 – 53.7 Total 137,847 152,393 – 9.5 Other derivative transactions consisted mainly of €3,714m (previous year: €5,803m) in equity derivatives and €4,305m (previous year: €3,782m) in credit derivatives. (67) Provisions Provisions broke down as follows: €m 31.12.2011 31.12.2010 Change in % Provisions for pensions and similar commitments 437 539 – 18.9 Other provisions 3,324 4,239 – 21.6 Total 3,761 4,778 – 21.3 Group Financial Statements
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Fourth Supplement dated April 13, 2
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Financial Statements and Management
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Corporate Responsibility One bank.
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Environment As a financial services
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In a joint initiative by the overal
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Performance-related remuneration Th
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The members of the Board of Managin
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The monthly amount of the retiremen
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tion for the remainder of his term
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Loans to members of the Board of Ma
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Other details D&O liability insuran
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Details pursuant to Art. 289 of the
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up to five years effective from the
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The Supervisory Board oversees fina
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• Statements on presentation in t
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Since summer 2011, the environment
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At the beginning of December, Comme
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The changes in the individual earni
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As with the change in other assets
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Report on events after the reportin
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We assume that Germany will fare be
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the resulting impact on financial i
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The Asset Based Finance segment was
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Risk report Risk reporting takes pl
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Risk strategy and risk management T
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Macroeconomic stress tests are also
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Overview of management instruments
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The “reduction” area comprises
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Corporates & Markets This segment c
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Public Finance Commerzbank’s Asse
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Portfolio by region as at 31.12.201
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and Europe (CLOs). The exposure in
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In 2011, provisions in Central & Ea
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of the overdraft starts on the firs
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The year 2011 was mainly affected b
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The adjoining diagram documents the
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Available net liquidity in the comb
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OpRisk events by segment | €m 201
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Reputational risk Reputational risk
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Provisions for pensions are calcula
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Notes to the income statement (5) B
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(12) Securities At December 31, 201
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(16) Fiduciary transactions Financi
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(23) Other liabilities Financial St
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(27) Equity Financial Statements an
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c) Retained earnings € Financial
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(30) Non-distributable amounts Fina
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Other notes (33) Off-balance-sheet
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(34) Forward transactions Financial
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(36) Remuneration and loans to boar
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€1,000 LTP Number of participatin
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Name Registered office Share of cap
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) Associated companies Name Registe
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Foreign-exchange rates for €1 as
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Members of the Supervisory Board of
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(41) Boards of Commerzbank Aktienge
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Independent Auditor’s Report 1 To
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Significant subsidiaries and associ
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Annual Report 2011 of the Commerzba
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To our Shareholders Corporate Respo
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Group Risk Report In the Group Risk
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Recent developments Optimisation of
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COMMERZBANK AKTIENGESELLSCHAFT Fran
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Jahresabschluss und Lagebericht 201
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