COMMERZBANK AKTIENGESELLSCHAFT

To our Shareholders Corporate Responsibility Management Report Risk Report Group Financial Statements Further Information 313 369
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
The expenses from loan agreements with, deposits from and
services provided in connection with related parties (excluding
federal agencies) are shown in the table below.
The operating expenses under key management personnel
relate to remuneration of board members reported as personnel
expense and salaries of the employee representatives on the
Supervisory Board employed by the Commerzbank Group. They
also include remuneration paid to the members of the
Supervisory Board. The taxes item relates to VAT reimbursed to
members of the Board of Managing Directors and Supervisory
Board.
Expenses | €m
Non-consolidated subsidiaries
1.1.–31.12.2011 1.1.–31.12.2010 Change in %
Interest expense 1 – .
Commission expense 30 33 – 9.1
Goods and services 14 48 – 70.8
Write-downs/impairments
Holdings in companies accounted for using the equity method
and holdings in related companies
– – .
Interest expense 8 – .
Commission expense 16 – .
Goods and services 12 9 33.3
Write-downs/impairments
Key management personnel
– – .
Interest expense – – .
Commission expense – – .
Operating expenses 8 7 14.3
Goods and services – – .
Write-downs/impairments – – .
Taxes
Other related entities/persons
– – .
Interest expense 54 56 – 3.6
Commission expense – – .
Goods and services – – .
Write-downs/impairments
Totals
– – .
Interest expense 63 56 12.5
Commission expense 46 33 39.4
Operating expenses 8 7 14.3
Goods and services 26 57 – 54.4
Write-downs/impairments – – .
Taxes – – .
Group Financial Statements