COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 233 289
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
Notes to the income statement
(31) Net interest income
€m 2011 2010 Change in %
Interest income
Interest income from lending and money market transactions
17,343 18,306 – 5.3
and from the securities portfolio (available-for-sale)
Interest income from lending and money market transactions
1,232 1,225 0.6
and from the securities portfolio (loans and receivables)
Interest income from lending and money market transactions and
15,456 15,949 – 3.1
from the securities portfolio (from applying the fair value option) 119 130 – 8.5
Prepayment penalty fees
Gains on the sale of loans and receivables
87 132 – 34.1
and repurchase of liabilities1 166 26 .
Dividends from securities
Current net income from equity holdings
115 53 .
and non-consolidated subsidiaries
Current income from properties held for sale
41 77 – 46.8
and from investment properties 127 106 19.8
Other interest income – 608 – 100.0
Interest expense 10,619 11,252 – 5.6
Interest expense on subordinated and hybrid capital 940 1,030 – 8.7
Interest expense on securitised liabilities 3,584 4,494 – 20.2
Interest expense on other liabilities 5,256 5,055 4.0
Interest expense from applying the fair value option2 Losses on the sale of loans and receivables
36 94 – 61.7
and repurchase of liabilities1 Current expenses from non-current assets held for sale
73 102 – 28.4
and from investment properties 78 85 – 8.2
Other interest expense 652 392 66.3
Total 6,724 7,054 – 4.7
1
Of which: gains of €112m and losses of €10m on the repurchase of liabilities in 2011 (previous year: €23m gains and €33m losses).
2
Of which: €1m for subordinated and hybrid capital (previous year: €1m).
There was an unwinding effect of €195m (previous year: €223m)
for commitments which have been terminated and impaired
commercial real estate loans.
Net interest income included €– 342m from derivative financial
instruments not included in the trading book (previous year:
€608m).
Group Financial Statements