COMMERZBANK AKTIENGESELLSCHAFT

(30) Non-distributable amounts
Financial Statements and Management Report 2011 97
The following table shows the non-distributable amounts as at December 31, 2011 after deducting the associated deferred tax
liabilities. From the deferred tax asset before offsetting, deferred tax liabilities amounted to €109m (previous year: €87m) and were
deducted.
€m 31.12.2011 31.12.2010
Capitalised in-house developed intangible assets 102 37
Difference arising from the capitalisation of plan assets at fair value 203 112
Capitalisation of deferred tax assets 2,695 2,148
Non-distributable amount 3,000 2,297
(31) Significant shareholder voting rights
Prior to preparing the financial statements, the Bank had received the following notifications in accordance with Art. 21 German
Securities Trading Act (WpHG):
Company required to report Registered office held directly
%
held indirectly
%
Total
%
Report date
Allianz SE Munich 4.18 0.67 4.85 18.5.2011
BlackRock, Inc.
BlackRock Financial
New York – 3.07 3.07 19.4.2011
Management Inc. New York – 3.00 3.00 19.4.2011
BlackRock Holdco 2, Inc.
Federal Republic of Germany
Financial Market Stabilisation
Wilmington – 3.00 3.00 19.4.2011
Fund Berlin 25.00 – 25.00 16.5.2011
(32) Treasury shares
Number of shares1 Accounting par value
units
1
Percentage of
€1,000
share capital
Treasury shares as of 31.12.2011 863,010 863 0.02
Largest number acquired during the financial year 33,123,677 33,124 0.65
Shares pledged by customers as collateral as at 31.12.2011 28,358,827 28,359 0.55
Shares acquired during the financial year 1,194,554,038 1,194,554 –
Shares disposed of during the financial year 1,203,006,363 1,203,006 –
1 Notional par value per share €1.00.
On May 6, 2011, the Annual General Meeting authorised
Commerzbank Aktiengesellschaft to purchase and sell its
treasury shares for the purpose of securities trading, pursuant to
Art. 71 (1) No. 7 Stock Corporation Act. The aggregate amount
of shares to be acquired for this purpose may not exceed 5% of
the share capital of Commerzbank Aktiengesellschaft at the end
of any given day. Together with the Company’s treasury shares
purchased for other reasons and held by Commerzbank
Aktiengesellschaft or attributable to it pursuant to Articles 71d ff.
Stock Corporation Act, the shares purchased on the basis of this
authorisation may at no time exceed 10% of the share capital of
Commerzbank Aktiengesellschaft. The lowest price at which
treasury shares may be purchased may not be more than 10%
lower than the average share price (closing auction prices or
similar successor prices for Commerzbank shares in XETRA
trading or a similar successor system to the XETRA system on
the Frankfurt Stock Exchange) on the three trading days