COMMERZBANK AKTIENGESELLSCHAFT

(16) Fiduciary transactions
Financial Statements and Management Report 2011 89
€m 31.12.2011 31.12.2010
Claims on customers 626 875
Bonds and other fixed-income securities – –
Other fiduciary assets – –
Commerzbank Foundation 59 58
of which: cash at bank - current accounts – 1
securities 58 56
other assets 1 1
Fiduciary assets 685 933
of which: loans at third-party risk 626 875
Liabilities to banks 13 15
Liabilities to customers 613 860
Commerzbank Foundation 59 58
of which: capital and reserves 57 56
liabilities 2 1
foundation net profit/loss – 1
Fiduciary liabilities 685 933
of which: loans at third-party risk 626 875
(17) Changes in book value of fixed assets
€m
Intangible
assets
Fixed assets Securities held
as fixed assets
Cost of acquisition/production as of 1.1.2011 1,256 3,582 1,125
Additions in 2011 132 166 42
Disposals in 2011 110 674 230
Transfers – 2 –
Exchange rate changes 2 4 22
Cost of acquisition/production as of 31.12.2011 1,280 3,080 959
Cumulative write-downs 1,049 2,048 466
of which: Write-downs in 2011 71 152 4
Write-ups in 2011 – 60 –
Equity
holdings 1
Holdings in
affiliated
companies 1
Residual book values as of 31.12.2011 231 1,032 493 616 11,530
Residual book values as of 31.12.2010 170 995 677 512 13,047
1 Use was made of the option to present an aggregate figure, pursuant to Art. 34 (3) of the Regulation on the Accounting of Credit Institutions and Financial Services Institutions (RechKredV).
Of the land and buildings with an overall book value of €567m
(previous year: €443m), properties amounting to €187m
(previous year: €198m) are used by the Group. Office furniture
and equipment amounted to €465m (previous year: €552m) and
is included in fixed assets.
(18) Other assets
Other assets amount to €3,220m (previous year: €11,611m) and
primarily contains precious metals in the non-trading portfolio
amounted to €804m (previous year: €595m), and accrued and
deferred interest from non-trading derivatives amounted to
Commerzbank Aktiengesellschaft does not undertake research in
connection with in-house developed intangible assets. As at
December 31, 2011, development costs for capitalised in-house
developed intangible assets were recognised as €149m
(previous year: €54m).
€334m (previous year: €686m) plus margin due on exchange
traded futures transactions amounted to €269m (previous year:
€2,636m).