COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Interim Management Report Interim Financial Statements
(23) Liabilities from trading activities
in € m 30.6.2009 31.12.2008 Change in %
Currency-related transactions 22,2 5 15,707 41.8
Interest-rate-related transactions 139,388 3,351 .
Delivery commitments arising from short sales of securities,
negative market values of lending commitments and
other liabilities from trading activities 18,944 4,414 .
Sundry transactions 28,997 12,73 .
Total 209,594 96,208 .
(24) Provisions
in € m 30.6.2009 31.12.2008 Change in %
Provisions for pensions and similar commitments 94 195 .
Other provisions 3, 1,835 99.8
Total 4,612 2,030 .
(25) Other liabilities
Other liabilities of €7,031m (31.12.2008: €2,914m) include obli-
gations arising from still outstanding invoices, deductions from
salaries to be passed on and deferred liabilities. In addition, this
item includes liabilities of €501m (previous year: €329m) which
(26) Subordinated capital
2 9 Overall results
272 Consolidated balance sheet
273 Statement of changes in equity
274 Cash flow statement
275 Notes to the income statement
284 Notes to the balance sheet
290 Other notes
relate to assets yet to be disposed of as well as borrowed funds
from minority interests amounting to €1,213m (previous year:
€675m).
in € m 30.6.2009 31.12.2008 Change in %
Subordinated liabilities 12, 31 10,00 2 .2
Profit-sharing rights outstanding 2,995 1,124 .
Deferred interest, including discounts 388 225 72.4
Valuation effects 550 481 14.3
Total
of which relate to the category:
16,564 11,836 39.9
Liabilities measured at amortized cost 1 ,53 11,83 39.7
Applying the fair value option 28 – .
The volume of maturing issues in subordinated liabilities was €1.8bn in first-half 2009.
289