Annual report 2006 - Dexia.com

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7. NOTES ON THE ASSETS OF THE CONSOLIDATED BALANCE SHEET (IN MILLIONS OF EUR) 7.1. CASH AND CASH EQUIVALENTS For the purpose of the cash flow statement, cash and cash equivalents comprises the following balances with less than 90 days remaining duration: A. Analysis by nature RAPPORT DE GESTION Dec. 31, 2005 Dec. 31, 2006 Cash and balances with central banks 3,435 3,357 Interbank loans and advances 36,298 49,029 Loans and securities available for sale 3,081 5,127 Loans and securities held for trading 965 396 Loans and securities designated at fair value 18 0 Non current assets held for sale 0 32 TOTAL 43,797 57,941 CONSOLIDATED FINANCIAL STATEMENTS B. Of which restricted cash Dec. 31, 2005 Dec. 31, 2006 Mandatory reserves (1) 1,259 2,154 Other 6 3 TOTAL 1,265 2,157 (1) Mandatory reserves: minimum reserve deposits credit institutions must have with ECB or with other central banks. COMPTES SOCIAUX 7.2. CASH AND BALANCES WITH CENTRAL BANKS Dec. 31, 2005 Dec. 31, 2006 Accrued interest 4 8 Acquisition cost 3,440 3,357 TOTAL 3,444 3,365 Analysis by nature (acquisition cost) Dec. 31, 2005 Dec. 31, 2006 Cash in hand 485 586 Balances with central banks other than mandatory reserve deposits 1,696 617 Mandatory reserve deposits 1,259 2,154 TOTAL 3,440 3,357 of which included in cash and cash equivalents 3,435 3,357 7.3. DUE FROM BANKS Dec. 31, 2005 Dec. 31, 2006 Accrued interest on not impaired interbank loans and advances 599 1,167 Accrued interest on impaired interbank loans and advances 0 0 Fair value hedge adjustment 620 321 Reimbursement amount, premium discount and impairments (1) 73,834 76,727 TOTAL 75,053 78,215 146 | (1) In order to harmonize the accounting presentation within Dexia, cash collaterals of some companies of the Group have been reclassified from “Other assets“ to “Due from banks“ in December 31, 2005 balance sheet for an amount of EUR 4,522 million. Dexia / Annual Report 2006
A. Analysis by nature (reimbursement amount, premium discount and impairments) Dec. 31, 2005 Dec. 31, 2006 Nostro accounts 6,851 13,603 Reverse repurchase agreements 42,746 40,110 Loans and other advances 24,236 23,014 Impaired loans 1 0 TOTAL 73,834 76,727 of which included in cash and cash equivalents 36,298 49,029 B. Analysis of quality See note 7.16. Quality of financial assets. C. Analysis by maturity and interest rate See notes 12.3., 12.4. and 12.6. RAPPORT DE GESTION D. Analysis of the fair value See note 12.1. 7.4. LOANS AND ADVANCES TO CUSTOMERS Dec. 31, 2005 Dec. 31, 2006 Accrued interest on not impaired loans to customers 1,595 1,975 Accrued interest on impaired loans to customers 3 5 Fair value hedge adjustment 2,683 1,322 Reimbursement amount, premium discount and impairments 188,121 223,200 TOTAL 192,402 226,502 A. Analysis by counterpart (reimbursement amount, premium discount and impairments) Dec. 31, 2005 Dec. 31, 2006 CONSOLIDATED FINANCIAL STATEMENTS COMPTES SOCIAUX Public sector 112,275 121,407 Others 75,799 101,733 Impaired loans 1,473 1,359 Less: Specific impairment on impaired loans (1) (1,018) (942) Collective impairment (2) (408) (357) TOTAL 188,121 223,200 of which included in finance lease 3,132 3,692 (1) Includes respectively EUR 178 million and EUR 188 million relating to share leasing of DBnl as of Dec. 31, 2005 and Dec. 31, 2006. (2) Includes respectively EUR 174 million and EUR 56 million relating to share leasing of DBnl as of Dec. 31, 2005 and Dec. 31, 2006. Dexia / Annual Report 2006 | 147
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no achievement without commitment
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FINANCIAL HIGHLIGHTS 4 MESSAGE FROM
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FINANCIAL HIGHLIGHTS FINANCIAL HIGH
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MESSAGE FROM THE CHAIRMEN MESSAGE F
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MESSAGE FROM THE CHAIRMEN MESSAGE F
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GROUP PRESENTATION GROUP PRESENTATI
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GROUP PRESENTATION HISTORY OF THE G
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GROUP PRESENTATION MANAGEMENT REPOR
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GROUP PRESENTATION MANAGEMENT REPOR
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GROUP PRESENTATION GROUP ORGANIZATI
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GROUP PRESENTATION Group Executive
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GROUP PRESENTATION MAIN ACTIVITIES
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GROUP PRESENTATION December Opening
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CORPORATE GOVERNANCE Dexia’s comp
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CORPORATE GOVERNANCE MANAGEMENT REP
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CORPORATE GOVERNANCE NAME SPECIALIZ
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CORPORATE GOVERNANCE NAME SPECIALIZ
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CORPORATE GOVERNANCE DIRECTORS’ A
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CORPORATE GOVERNANCE THE MANAGEMEN
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CORPORATE GOVERNANCE The maximum am
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THE DEXIA SHARE MANAGEMENT REPORT C
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THE DEXIA SHARE MAIN SHAREHOLDERS O
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HUMAN RESOURCES HUMAN RESOURCES Dex
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HUMAN RESOURCES MANAGEMENT REPORT C
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HUMAN RESOURCES INITIATING AND CAS
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SUSTAINABLE DEVELOPMENT SUSTAINABLE
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RISK MANAGEMENT MANAGEMENT REPORT C
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FINANCIAL RESULTS MANAGEMENT REPORT
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FINANCIAL RESULTS to business devel
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FINANCIAL RESULTS ANALYSIS OF THE
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PUBLIC/PROJECT FINANCE MANAGEMENT R
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PUBLIC/PROJECT FINANCE WORLD LEADE
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PERSONAL FINANCIAL SERVICES MANAGEM
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ASSET MANAGEMENT MANAGEMENT REPORT
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INSURANCE SERVICES INSURANCE SERVIC
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INSURANCE SERVICES MANAGEMENT REPOR
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INVESTOR SERVICES MANAGEMENT REPORT
Page 98 and 99: TREASURY AND FINANCIAL MARKETS MANA
Page 100 and 101: GENERAL INFORMATION MANAGEMENT REPO
Page 112 and 113: CONSOLIDATED BALANCE SHEET 112 CONS
Page 114 and 115: CONSOLIDATED BALANCE SHEET ASSETS (
Page 116 and 117: CONSOLIDATED STATEMENT OF INCOME (i
Page 118 and 119: MINORITY INTERESTS Core Gains and l
Page 120 and 121: CONSOLIDATED CASH FLOW STATEMENT (i
Page 122 and 123: RAPPORT DE GESTION CONSOLIDATED FIN
Page 136 and 137: 4.1.3. Currency risk 4.2. CREDIT RI
Page 140 and 141: Name Head Office % of Consolidation
Page 142 and 143: GEOGRAPHIC Eurozone (1) Rest of USA
Page 144 and 145: PORTFOLIO Number Loan Collateral Ex
Page 150 and 151: B. Analysis of quality See note 7.1
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Page 154 and 155: 7.8. SECURITIES HELD TO MATURITY De
Page 156 and 157: 7.10. TANGIBLE FIXED ASSETS A. Net
Page 158 and 159: 7.11. INTANGIBLE ASSETS AND GOODWIL
Page 160 and 161: A. Other assets Analysis by nature
Page 162 and 163: Present value of finance lease liab
Page 164 and 165: 8. NOTES ON THE LIABILITIES OF THE
Page 166 and 167: B. Analysis by maturity and interes
Page 168 and 169: Convertible non-subordinated debt D
Page 170 and 171: D. Provisions for pensions and othe
Page 172 and 173: H. Range of assumptions to determin
Page 174 and 175: 9. OTHER NOTES ON THE CONSOLIDATED
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Page 178 and 179: 2. Change in profit sharing reserve
Page 180 and 181: B. Nonlife contracts B.1. Income an
Page 182 and 183: 9.4. RELATED PARTIES TRANSACTIONS A
Page 186 and 187: The assets and liabilities disposed
Page 188 and 189: 9.8. SHARE-BASED PAYMENTS STOCK OPT
Page 190 and 191: 9.9. MINORITY INTERESTS - CORE EQUI
Page 192 and 193: Dec. 31, 2005 Dec. 31, 2006 Banking
Page 194 and 195: 10. NOTES ON THE CONSOLIDATED OFF-B
Page 196 and 197: 11.3. NET INCOME FROM ASSOCIATES De
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11.6. COMMISSION INCOME AND EXPENSE
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(AVERAGE FTE) France Belgium Luxemb
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11.14. IMPAIRMENT ON GOODWILL Nil.
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12. NOTES ON RISK EXPOSURE (IN MILL
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12.2. CREDIT RISKS EXPOSURE A. Anal
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12.3. INTEREST RATE REPRICING RISK:
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RAPPORT DE GESTION CONSOLIDATED FIN
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12.6. LIQUIDITY RISK: BREAKDOWN BY
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12.7. CURRENCY RISK As of Dec. 31,
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BALANCE SHEET 216 OFF-BALANCE SHEET
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BALANCE SHEET (before income approp
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STATEMENT OF INCOME (in thousands o
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3.2.5. Amounts receivable after mor
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4.2.6. Amounts receivable within on
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RAPPORT DE GESTION COMPTES CONSOLID
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4.6. STATEMENT OF FORMATION EXPENSE
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4.10. SHARE IN THE CAPITAL AND OTHE
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D. Commitments to issue shares Amou
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4.19. OTHER TAXES AND TAXES BORNE B
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6. SOCIAL REPORT 6.1. STATEMENT OF
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6.3. STATEMENT CONCERNING THE IMPLE
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• there have been no transactions
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DEXIA IN THE WORLD RAPPORT DE GESTI
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RAPPORT DE GESTION Kommunalkredit D
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Dexia’s Annual Report 2006 has be
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SDXI 0109-5 03-07
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