COMMERZBANK AKTIENGESELLSCHAFT

Group Financial Statements
328
272 Commerzbank Annual Report 2011
(68) Tax liabilities
€m 31.12.2011 31.12.2010 Change in %
Current tax liabilities 680 1,072 – 36.6
Tax liabilities to tax authorities 5 4 25.0
Provisions for income tax 675 1,068 – 36.8
Deferred tax liabilities 189 222 – 14.9
Tax liabilities recognised in income statement 176 222 – 20.7
Tax liabilities not recognised in income statement 13 – .
Total 869 1,294 – 32.8
Provisions for taxes on income are potential tax liabilities which
have not yet been formally assessed and potential liabilities for
risks associated with tax audits. The liabilities to tax authorities
represent payment obligations in respect of current taxes
towards German and foreign tax authorities.
Deferred tax liabilities represent the potential income tax
charge arising from temporary differences between the values
assigned to assets and liabilities in the consolidated balance
sheet in accordance with IFRS and their values for taxaccounting
purposes in accordance with the local tax
regulations for consolidated companies. They were recognised
in connection with the following items:
€m 31.12.2011 31.12.2010 Change in %
Trading assets and liabilities 38 53 – 28.3
Fair values of derivative hedging instruments 56 52 7.7
Financial investments 25 29 – 13.8
Claims on banks and customers 12 38 – 68.4
Liabilities to banks and customers 19 2 .
Other balance sheet items 39 48 – 18.8
Total 189 222 – 14.9
(69) Liabilities from disposal groups held for sale
The breakdown of liabilities from disposal groups held for sale was as follows:
€m 31.12.2011 31.12.2010 Change in %
Liabilities to banks 484 199 .
Liabilities to customers 11 214 – 94.9
Negative fair values of derivative hedging instruments 97 181 – 46.4
Provisions – 56 .
Total 592 650 – 8.9