Annual report 2006 - Dexia.com

3. BUSINESS AND GEOGRAPHIC REPORTING
BUSINESS Public/Project Personal Asset Treasury and Non allocated - Dexia
REPORTING Finance and Financial Management, Financial Central
Credit Services Insurance Markets Assets
Enhancement
and Investor
(in millions of EUR)
Services
AS OF DECEMBER 31, 2005
Income 2,288 2,289 701 487 211 5,976
of which Net income from associates 23 46 2 0 18 89
Net income before tax 1,502 657 275 312 (51) 2,695
Assets
Subtotal assets (1) 236,557 47,942 17,346 141,245 8,360 451,450
of which investments in associates 261 491 19 0 7 778
Liabilities
Subtotal liabilities (2) 161,685 67,376 21,852 159,343 7,805 418,061
Other segment information
Capital expenditures (111) 0 0 0 (427) (538)
Depreciation and amortization 0 0 0 (246) (246)
Impairments (3) (49) (25) 26 26 17 (5)
Other non cash expenses (4) (14) (35) (4) (9) (4) (66)
AS OF DECEMBER 31, 2006
Income 2,566 2,460 1,110 563 313 7,012
of which net income from associates 20 60 3 0 19 102
Net income before tax 1,701 799 580 387 (60) 3,407
Assets
Subtotal assets (1) 247,332 35,383 20,809 199,918 7,142 510,584
of which investments in associates 270 528 21 0 7 826
Liabilities
Subtotal liabilities (2) 149,799 58,779 22,250 248,484 1,935 481,247
Other segment information
Capital expenditures 0 0 0 0 (272) (272)
Depreciation and amortization 0 0 (252) (252)
Impairments (3) (52) (31) 32 20 (8) (39)
Other non cash expenses (4) (15) (35) (5) (4) (8) (67)
(1) Includes Due from banks, Loans and advances to customers, Loans and securities held for trading, Loans and securities available for sale, Investments in
associates, Other assets specific to insurance companies.
(2) Includes Due to banks, Customer borrowing and deposits, Debt securities, Technical provisions of insurance companies.
(3) Includes Impairments on tangible and other intangible assets, Impairments on securities, Impairments on loans and provisions for credit commitments,
Impairments on goodwill.
(4) Includes IFRS2 costs, net allowances to provisions for restructuring costs, net allowances to provisions related to IAS 19, capital losses on exchange of
assets.
RAPPORT DE GESTION
CONSOLIDATED
FINANCIAL STATEMENTS
COMPTES SOCIAUX
Relations between business lines, and especially between
commercial business lines, financial markets and production
and service centers are subject to retrocessions and/or analytical
transfers, governed by service level agreements based on
normal commercial terms and market conditions. The results
of each business line also include:
• The earnings from commercial transformation, including
the management costs of this transformation and the Group
equity allocated to this activity on the basis of medium and
long-term outstanding;
• Interest on economic capital: economic capital is allocated
to the business lines for internal purposes and the return on
economic capital is used to measure the performance of each
business line;
• Funding cost.
Tangible and intangible assets are allocated to “Non allocated
– Central assets“ except when they are directly managed by a
commercial or financial business line.
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