COMMERZBANK AKTIENGESELLSCHAFT

Group Financial Statements
366
310 Commerzbank Annual Report 2011
(99) Related party transactions
a) Business relationships
As part of its normal business Commerzbank Aktiengesellschaft
and/or its consolidated companies do business with related
entities and persons. These include parties that are controlled
but not consolidated for reasons of materiality, companies
accounted for using the equity method, equity holdings, external
providers of occupational pensions for employees of
Commerzbank Aktiengesellschaft, key management personnel
and members of their families as well as companies controlled
by these persons. Key management personnel refers exclusively
to members of Commerzbank Aktiengesellschaft’s Board of
Managing Directors and Supervisory Board who were active
during the financial year.
As the guarantor of the Financial Market Stabilisation Authority
(FMSA), which administers the Financial Market Stabilisation
Fund (SoFFin), the German federal government holds a stake of
25% plus 1 share in Commerzbank Aktiengesellschaft, which
gives it the potential to exert significant influence over the Bank.
As a result the German federal government and entities
controlled by it constitute related parties as defined by IAS 24.
In the tables below we present relationships with federal
government-controlled entities and agencies separately from
relationships with other related parties. Assets, liabilities and
off-balance sheet items involving related parties (excluding
federal agencies) changed as follows in the year under review:
Assets | €m 31.12.2011 31.12.2010 Change in %
Claims on banks 343 617 – 44.4
Subsidiaries
Holdings in companies accounted for using the equity method
– – .
and holdings in related companies 343 617 – 44.4
Claims on customers 1,876 1,359 38.0
Subsidiaries
Holdings in companies accounted for using the equity method
600 321 86.9
and holdings in related companies 1,270 1,032 23.1
Key management personnel 2 3 – 33.3
Other related entities/persons 4 3 33.3
Trading assets 1 1,285 – 99.9
Subsidiaries
Holdings in companies accounted for using the equity method
– 1,285 – 100.0
and holdings in related companies 1 – .
Other related entities/persons – – .
Financial investments 105 82 28.0
Subsidiaries
Holdings in companies accounted for using the equity method
64 69 – 7.2
and holdings in related companies 5 9 – 44.4
Other related entities/persons 36 4 .
Other assets 426 298 43.0
Subsidiaries
Holdings in companies accounted for using the equity method
– – .
and holdings in related companies 426 298 43.0
Total 2,751 3,641 – 24.4