COMMERZBANK AKTIENGESELLSCHAFT

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Group Financial Statements 366 310 Commerzbank Annual Report 2011 (99) Related party transactions a) Business relationships As part of its normal business Commerzbank Aktiengesellschaft and/or its consolidated companies do business with related entities and persons. These include parties that are controlled but not consolidated for reasons of materiality, companies accounted for using the equity method, equity holdings, external providers of occupational pensions for employees of Commerzbank Aktiengesellschaft, key management personnel and members of their families as well as companies controlled by these persons. Key management personnel refers exclusively to members of Commerzbank Aktiengesellschaft’s Board of Managing Directors and Supervisory Board who were active during the financial year. As the guarantor of the Financial Market Stabilisation Authority (FMSA), which administers the Financial Market Stabilisation Fund (SoFFin), the German federal government holds a stake of 25% plus 1 share in Commerzbank Aktiengesellschaft, which gives it the potential to exert significant influence over the Bank. As a result the German federal government and entities controlled by it constitute related parties as defined by IAS 24. In the tables below we present relationships with federal government-controlled entities and agencies separately from relationships with other related parties. Assets, liabilities and off-balance sheet items involving related parties (excluding federal agencies) changed as follows in the year under review: Assets | €m 31.12.2011 31.12.2010 Change in % Claims on banks 343 617 – 44.4 Subsidiaries Holdings in companies accounted for using the equity method – – . and holdings in related companies 343 617 – 44.4 Claims on customers 1,876 1,359 38.0 Subsidiaries Holdings in companies accounted for using the equity method 600 321 86.9 and holdings in related companies 1,270 1,032 23.1 Key management personnel 2 3 – 33.3 Other related entities/persons 4 3 33.3 Trading assets 1 1,285 – 99.9 Subsidiaries Holdings in companies accounted for using the equity method – 1,285 – 100.0 and holdings in related companies 1 – . Other related entities/persons – – . Financial investments 105 82 28.0 Subsidiaries Holdings in companies accounted for using the equity method 64 69 – 7.2 and holdings in related companies 5 9 – 44.4 Other related entities/persons 36 4 . Other assets 426 298 43.0 Subsidiaries Holdings in companies accounted for using the equity method – – . and holdings in related companies 426 298 43.0 Total 2,751 3,641 – 24.4
To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 311 367 258 202 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 Liabilities and equity | €m 31.12.2011 31.12.2010 Change in % Liabilities to banks 2 5 – 60.0 Subsidiaries Holdings in companies accounted for using the equity method – – . and holdings in related companies 2 5 – 60.0 Liabilities to customers 1,236 983 25.7 Subsidiaries Holdings in companies accounted for using the equity method 106 208 – 49.0 and holdings in related companies 371 117 . Key management personnel 8 10 – 20.0 Other related entities/persons1 751 648 15.9 Trading liabilities 8 2,021 – 99.6 Subsidiaries Holdings in companies accounted for using the equity method – 2,021 – 100.0 and holdings in related companies 8 – . Other related entities/persons – – . Subordinated capital 622 624 – 0.3 Subsidiaries Holdings in companies accounted for using the equity method – – . and holdings in related companies – – . Other related entities/persons1 622 624 – 0.3 Other liabilities 23 16 43.8 Subsidiaries Holdings in companies accounted for using the equity method 19 9 . and holdings in related companies 4 7 – 42.9 Total 1,891 3,649 – 48.2 1 Prior-year figures restated. The total liabilities to other related companies include €1.2bn (previous year: €1.3bn) for external pension providers. Off-balance sheet items | €m 31.12.2011 31.12.2010 Change in % Guarantees and collaterals granted to 146 590 – 75.3 Subsidiaries companies accounted for using the equity method and 41 36 13.9 holdings in related companies 105 554 – 81.0 Key management personnel – – . Other related entities/persons – – . Guarantees and collaterals received from 7 7 0.0 Subsidiaries companies accounted for using the equity method and 7 7 0.0 holdings in related companies – – . Key management personnel – – . Other related entities/persons – – . 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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Page 315 and 316: To our Shareholders Corporate Respo
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COMMERZBANK AKTIENGESELLSCHAFT

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