COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 273 329
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
(70) Other liabilities
€m 31.12.2011 31.12.2010 Change in %
Liabilities attributable to film funds 1,952 2,197 – 11.2
Liabilities attributable to non-controlling interests 2,576 2,290 12.5
Accrued and deferred items 484 559 – 13.4
Variation margins payable 108 295 – 63.4
Other liabilities 1,448 2,795 – 48.2
Total 6,568 8,136 – 19.3
(71) Subordinated capital
Subordinated liabilities and profit-sharing certificates are equity within the meaning of Art. 10 (5) and (5a) of the German Banking Act
(KWG) in the new version and are broken down as follows:
€m 31.12.2011 31.12.2010 Change in %
Subordinated liabilities 12,094 11,256 7.4
of which Tier III capital as defined in Art. 10 (7) KWG – – .
of which maturing within 2 years 1,701 2,175 – 21.8
Profit-sharing certificates outstanding 975 1,259 – 22.6
of which maturing within 2 years1 36 420 – 91.4
Accrued interest, including discounts2 – 165 – 187 – 11.8
Remeasurement effects 381 582 – 34.5
Total
of which relate to the category
13,285 12,910 2.9
Liabilities measured at amortised cost 13,261 12,886 2.9
At fair value through profit or loss (fair value option) 24 24 0.0
1 Prior-year figures restated.
2 Including the impact of the adjustment of fair values of subordinated capital at the date of acquisition of Dresdner Bank.
The claims of creditors for repayment of these liabilities are
subordinate to those of other creditors. The issuer cannot be
obliged to repay the liability before the maturity date. In the event
of insolvency or winding-up, subordinated liabilities may only be
repaid after the claims of all senior creditors have been satisfied.
In 2011, the volume of subordinated liabilities maturing
amounted to €0.9bn, redemptions to €1.3bn and new issues to
€3.1bn. Issues of profit-sharing certificates in the amount of
€0.3bn matured. Beyond this there were no significant changes
in the reporting year.
Group Financial Statements