COMMERZBANK AKTIENGESELLSCHAFT

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114 Commerzbank AG c) Joint ventures Name Registered office Share of capital % Currency Equity 1,000 Net profit or loss 1,000 Carbon Trade & Finance SICAR S.A. Senningerberg, Luxembourg 50.0 EUR 9,167 1,039 Commerz Finanz GmbH Munich 49.9 EUR 346,158 – 23,441 Delphi I LLC Wilmington, Delaware, USA 33.3 USD – 420,910 – 13,679 FV Holding S.A. Brussels, Belgium 60.0 EUR 30,283 – 19,390 Kaiserkarree S.a.r.l. Luxembourg, Luxembourg 50.0 EUR – 71,611 – 48,630 Servicing Advisors Deutschland GmbH Frankfurt/Main 50.0 EUR 3,038 – 677 d) Special purpose entities Name Registered office Share of capital % Currency Equity 1,000 Honeywell Grundbesitzverwaltungs-GmbH & Co Vermietungs KG Grünwald 100.0 EUR – 13,215 e) Investments in large corporations where the investment exceeds 5% of the voting rights Name Registered office Share of capital % Voting rights % ConCardis Gesellschaft mit beschränkter Haftung Frankfurt/Main 13.9 13.9 EURO Kartensysteme Gesellschaft mit beschränkter Haftung Frankfurt/Main 13.9 13.9 GEWOBA Aktiengesellschaft Wohnen und Bauen Bremen 7.1 7.1 Open Joint-Stock Company Promsvyazbank Moscow, Russia 14.4 14.4 Footnotes 1) Renamed: Polfactor S.A. has been transformed to BRE Faktoring S.A. 2) Renamed: Dresdner Kleinwort (Japan) Limited has been transformed to Commerz Securities Hong Kong Limited Comments and explanations *) Profit transfer agreement
Foreign-exchange rates for €1 as at December 31, 2011 Financial Statements and Management Report 2011 115 Bermuda BMD 1.2939 Brazil BRL 2.4159 United Kingdom GBP 0.8353 India INR 68.7130 Japan JPY 100.2000 Poland PLN 4.4580 Russia RUB 41.7650 Switzerland CHF 1.2156 Singapore SGD 1.6819 South Africa ZAR 10.4830 Taiwan TWD 39.1797 Czech Republic CZK 25.7870 Ukraine UAH 10.3625 Hungary HUF 314.5800 USA USD 1.2939 (39) Investment funds The disclosable investment fund units are included in the liquidity reserve and the trading portfolio and are measured at fair value. The fair value corresponds to the carrying amount. In some cases restrictions may apply to daily redemptions. The following table shows the value of investment funds in which Commerzbank Aktiengesellschaft has a holding of more than 10%, by category as at December 31, 2011: Fair value Distributions €m 31.12.2011 31.12.2010 31.12.2011 31.12.2010 Index funds 5,118 5,398 22 2 Balanced funds 754 469 1 – Life insurance funds 210 372 – – Bonds and other fixed-income funds 111 180 5 1 Hedge funds 82 91 – – Equities and equity funds 21 50 – – Other 25 47 – – Total 6,321 6,607 28 3
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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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To our Shareholders Corporate Respo
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Group Risk Report In the Group Risk
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Group Financial Statements Our Grou
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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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