COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 239 295
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
Operating expenses | €m 2011 2010 Change in %
Expenses for office space 817 831 – 1.7
IT expense 926 1,217 – 23.9
Workplace and information expense 321 357 – 10.1
Compulsory contributions
Advisory, audit and other expenses required to comply with
164 148 10.8
company law 364 437 – 16.7
Travel, representation and advertising expense 343 341 0.6
Personnel-related operating expense 154 158 – 2.5
Other operating expenses 251 279 – 10.0
Total 3,340 3,768 – 11.4
Auditors’ fees incurred in Germany amounted to €35.3m excluding VAT for the financial year 2011, of which €1,966,000 was
attributable to services provided during the financial year 2010.
Auditors’ fees | €1,000 2011 2010 Change in %
Audit of financial statements 17,876 19,344 – 7.6
Provision of other certificates or assessments 8,763 5,358 63.5
Tax consulting services 2,090 905 .
Other services 6,528 10,649 – 38.7
Total 35,257 36,256 – 2.8
Depreciation and amortisation of office furniture and equipment, property and other intangible assets was as follows:
€m 2011 2010 Change in %
Office furniture and equipment 192 203 – 5.4
Property 43 81 – 46.9
Other intangible assets 239 316 – 24.4
Total 474 600 – 21.0
The amortisation of intangible assets included impairment charges of €30m (previous year: €42m). There was an impairment charge
on property of €5m (previous year: €41m).
Group Financial Statements