Annual report 2006 - Dexia.com
Annual report 2006 - Dexia.com
Annual report 2006 - Dexia.com
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Dec. 31, 2005 Dec. 31, <strong>2006</strong><br />
Banking FSA Other Total Banking FSA Other Total<br />
and insurance (1) and insurance (1)<br />
other<br />
other<br />
activities<br />
activities<br />
RAPPORT DE GESTION<br />
CONSOLIDATED<br />
FINANCIAL STATEMENTS<br />
COMPTES SOCIAUX<br />
Interest margin 3,124 178 348 3,650 3,341 210 378 3,929<br />
Dividend in<strong>com</strong>e 79 1 49 129 81 4 67 152<br />
Net in<strong>com</strong>e from associates 82 6 1 89 102 0 0 102<br />
Net trading in<strong>com</strong>e and net<br />
result of hedge accounting 163 6 (15) 154 273 54 (8) 319<br />
Net in<strong>com</strong>e on investments 410 8 84 502 1,036 7 121 1,164<br />
Net <strong>com</strong>mission 1,138 (5) 39 1,172 1,280 (4) 31 1,307<br />
Technical margin of insurance activities 0 329 (121) 208 0 310 (210) 100<br />
Other net in<strong>com</strong>e 87 0 (15) 72 (67) 0 6 (61)<br />
INCOME 5,083 523 370 5,976 6,046 581 385 7 012<br />
Staff expense (1,458) (45) (83) (1,586) (1,569) (56) (97) (1,722)<br />
General and administrative expense (888) (24) (63) (975) (1,015) (25) (65) (1,105)<br />
Network costs (311) 0 (55) (366) (299) 0 (53) (352)<br />
Depreciation & amortization (231) (2) (14) (247) (241) (3) (8) (252)<br />
Deferred acquisition costs 0 (55) 0 (55) 0 (50) 0 (50)<br />
COSTS (2,888) (126) (215) (3,229) (3,124) (134) (223) (3,481)<br />
GROSS OPERATING INCOME 2,195 397 155 2,747 2,922 447 162 3,531<br />
Impairment on loans<br />
and provisions for credit<br />
<strong>com</strong>mitments (31) (20) (1) (52) (105) (18) (1) (124)<br />
Impairment on tangible<br />
and intangible assets 0 0 0 0 0 0 0 0<br />
Impairment on goodwill 0 0 0 0 0 0 0 0<br />
NET INCOME BEFORE TAX 2,164 377 154 2,695 2,817 429 161 3,407<br />
Tax expense (467) (104) (31) (602) (433) (110) (26) (569)<br />
NET INCOME 1,697 273 123 2,093 2,384 319 135 2,838<br />
Attributable to minority interest 43 11 1 55 84 3 1 88<br />
Attributable to equity holders of the parent 1,654 262 122 2,038 2,300 316 134 2,750<br />
(1) The heading “Other insurance“ includes mainly <strong>Dexia</strong> Insurance Belgium Group.<br />
The contribution to financial statements is presented under IFRS after elimination of inter<strong>com</strong>pany balances and transactions,<br />
and therefore does not correspond to the published financial statements of FSA, which is published under US GAAP, nor those<br />
of DIB, published under Belgian GAAP.<br />
190 |<br />
<strong>Dexia</strong> / <strong>Annual</strong> Report <strong>2006</strong>
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