COMMERZBANK AKTIENGESELLSCHAFT

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Group Financial Statements 314 258 Commerzbank Annual Report 2011 Our share in the total assets, liabilities, income and expenses of associated companies and jointly controlled entities which are of minor significance was as follows: €m 31.12.2011 Assets 542 Liabilities 588 Income 134 Expenses 129 (55) Intangible assets €m 31.12.2011 31.12.2010 Change in % Goodwill 2,088 2,081 0.3 Other intangible assets 950 1,020 – 6.9 Customer relationships 495 546 – 9.3 Brand names 9 9 0.0 In-house developed software 243 219 11.0 Other 203 246 – 17.5 Total 3,038 3,101 – 2.0 Acquired software accounted for €198m (previous year: €240m) of the other item. Goodwill Brand names €m 31.12.2011 31.12.2010 31.12.2011 31.12.2010 Private Customers 1,079 1,079 – – Mittelstandsbank 569 569 – – Central & Eastern Europe 299 292 9 9 Corporates & Markets 138 138 – – Asset Based Finance – – – – Portfolio Restructuring Unit – – – – Others and Consolidation 3 3 – – Total 2,088 2,081 9 9 The impairment testing of goodwill did not identify any impairments in the financial year 2011. When testing for impairment, beta factors were applied for the detailed planning phase, as shown in the following table. Private Customers Mittelstandsbank Corporates & Markets Central & Eastern Europe Beta factor assumptions 1.31 1.45 1.71 1.24
To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 259 315 258 202 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 Varying the beta factors to 1.0 and 2.0 for the detailed planning phase produced the following ratios of excess or deficient cover to carrying amount: Private Customers Mittelstandsbank Corporates & Markets Central & Eastern Europe Realistic value Beta factor assumptions 143.7% 128.8% 0.7% 5.5% Sensitivity analysis Beta 1.00 151.7% 140.0% 10.8% 8.4% Beta 2.00 127.5% 116.0% – 3.2% – 3.1% Within the sensitivities there was potential deficient cover for goodwill at a sensitivity of 2.0 in the Corporates & Markets (€–126m) and Central & Eastern Europe (€–74m) cash generating units. Applying beta factors of 1.71 and 1.24 resulted in excess cover of €+27m and €+131m respectively. At a beta factor of 1.756 or 1.714 the value in use corresponds to the carrying amount. Intangible assets changed as follows: Goodwill In-house developed Brand names and Other intangible assets software customer relationships €m 2011 2010 2011 2010 2011 2010 2011 2010 Carrying amount as at 1.1. 2,081 2,061 219 235 555 664 246 249 Cost of acquisition/production as at 1.1. 2,850 2,830 825 895 987 983 1,797 1,683 Exchange rate changes 7 20 – 7 14 – 4 – 21 13 Additions – – 120 162 – – 79 114 Disposals Reclassifications/changes in the group 1 – 179 238 – – 290 29 of consolidated companies – – 14 – 8 2 – – 22 16 Cost of acquisition/production as at 31.12. 2,856 2,850 773 825 989 987 1,543 1,797 Write-ups – – – – – – – – Cumulative write-downs as at 1.1. 769 769 606 660 432 319 1,551 1,434 Exchange rate changes – – – 6 14 – – – 11 9 Additions – – 89 118 51 93 100 105 of which unscheduled – – 27 41 1 1 1 – Disposals Reclassifications/changes in the group 1 – 172 177 – – 279 13 of consolidated companies – – 13 – 9 2 20 – 21 16 Cumulative write-downs as at 31.12. 768 769 530 606 485 432 1,340 1,551 Carrying amount as at 31.12. Borrowing costs capitalised in the current 2,088 2,081 243 219 504 555 203 246 financial year – – – – – – – – Range of interest rates used (in %) – – – – – – – – Group Financial Statements
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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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and Europe (CLOs). The exposure in
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In 2011, provisions in Central & Ea
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of the overdraft starts on the firs
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The year 2011 was mainly affected b
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The adjoining diagram documents the
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Available net liquidity in the comb
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OpRisk events by segment | €m 201
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Reputational risk Reputational risk
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Provisions for pensions are calcula
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Notes to the income statement (5) B
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(12) Securities At December 31, 201
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(16) Fiduciary transactions Financi
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(23) Other liabilities Financial St
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(27) Equity Financial Statements an
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c) Retained earnings € Financial
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(30) Non-distributable amounts Fina
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Other notes (33) Off-balance-sheet
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(34) Forward transactions Financial
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(36) Remuneration and loans to boar
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€1,000 LTP Number of participatin
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Name Registered office Share of cap
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) Associated companies Name Registe
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Foreign-exchange rates for €1 as
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Members of the Supervisory Board of
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(41) Boards of Commerzbank Aktienge
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Independent Auditor’s Report 1 To
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Significant subsidiaries and associ
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Annual Report 2011 of the Commerzba
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To our Shareholders Corporate Respo
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Group Risk Report In the Group Risk
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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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COMMERZBANK AKTIENGESELLSCHAFT

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