Annual report 2006 - Dexia.com

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12.2. CREDIT RISKS EXPOSURE A. Analysis of total Dexia group exposure Credit exposure covers counterpart risk in balance sheet and off-balance sheet confirmed risks. Exposures are considered taking into account the guarantees (except Dexia Bank Belgium group) and the impairments. The exposure covers all the subsidiaries in which Dexia has a majority participation except Dexia Insurance Belgium group. A.1. Exposure by geographical region RAPPORT DE GESTION CONSOLIDATED FINANCIAL STATEMENTS Dec. 31, 2005 Dec. 31, 2006 Belgium 91,597 94,267 France 89,040 98,171 Germany 38,694 42,120 Italy 57,171 59,381 Luxembourg 8,268 10,537 Other EU countries 99,165 122,450 Rest of Europe 6,995 8,516 Turkey 119 8 465 United States and Canada 323,251 317,878 South and Central America 634 1,058 Southeast Asia 1,502 2,652 Japan 4,829 8,909 Other (1) 20,736 19,952 TOTAL 742,001 794,356 (1) Includes supranational entities, like ECB. A.2. Exposure by category of counterpart COMPTES SOCIAUX Dec. 31, 2005 Dec. 31, 2006 Central governments 59,340 56,460 Local public sector 375,275 396,365 Corporate 26,778 35,626 Monoline 14,933 17,268 ABS/MBS 132,226 128,717 Project finance 15,093 20,209 Individuals, SME, self-employed 33,151 36,295 Financial institutions 79,155 98,225 Other 6,050 5,191 TOTAL 742,001 794,356 204 | Dexia / Annual Report 2006
B. FSA insured portfolio A focus on the FSA insured portfolio is published as it represents a large part of the exposure. B.1. Breakdown by sectorial category (net par outstanding) Dec. 31, 2005 Dec. 31, 2006 Pooled corporates 56,805 49,865 Residential mortgages 21,018 17,630 Other asset-backed 19,206 19,234 Consumer receivables 8,342 8,203 ABS 105,371 94,932 General obligations 77,474 75,900 Utility 31,209 30,418 Tax-supported non general obligations 34,456 32,718 Transportation 12,465 11,796 Other municipal 20,651 24,297 Health care 10,000 9,987 Housing 6,434 5,752 MUNICIPAL 192,689 190,868 TOTAL 298,060 285,800 B.2. Rating Dec. 31, 2005 Dec. 31, 2006 AAA 72,891 67,079 AA 90,088 90,978 A 99,407 91,327 BBB 34,065 35,497 Non-investment grade 1,609 919 TOTAL 298,060 285,800 RAPPORT DE GESTION CONSOLIDATED FINANCIAL STATEMENTS COMPTES SOCIAUX Dexia / Annual Report 2006 | 205
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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
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TREASURY AND FINANCIAL MARKETS MANA
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GENERAL INFORMATION MANAGEMENT REPO
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CONSOLIDATED BALANCE SHEET 112 CONS
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CONSOLIDATED BALANCE SHEET ASSETS (
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CONSOLIDATED STATEMENT OF INCOME (i
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MINORITY INTERESTS Core Gains and l
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CONSOLIDATED CASH FLOW STATEMENT (i
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RAPPORT DE GESTION CONSOLIDATED FIN
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4.1.3. Currency risk 4.2. CREDIT RI
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Name Head Office % of Consolidation
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GEOGRAPHIC Eurozone (1) Rest of USA
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PORTFOLIO Number Loan Collateral Ex
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7. NOTES ON THE ASSETS OF THE CONSO
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B. Analysis of quality See note 7.1
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C. Treasury bills and other eligibl
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7.8. SECURITIES HELD TO MATURITY De
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Page 182 and 183: 9.4. RELATED PARTIES TRANSACTIONS A
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Page 202 and 203: 11.14. IMPAIRMENT ON GOODWILL Nil.
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Page 208 and 209: 12.3. INTEREST RATE REPRICING RISK:
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Page 216 and 217: BALANCE SHEET 216 OFF-BALANCE SHEET
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Page 220 and 221: STATEMENT OF INCOME (in thousands o
Page 222 and 223: 3.2.5. Amounts receivable after mor
Page 224 and 225: 4.2.6. Amounts receivable within on
Page 226 and 227: RAPPORT DE GESTION COMPTES CONSOLID
Page 230 and 231: 4.6. STATEMENT OF FORMATION EXPENSE
Page 232 and 233: 4.10. SHARE IN THE CAPITAL AND OTHE
Page 234 and 235: D. Commitments to issue shares Amou
Page 236 and 237: 4.19. OTHER TAXES AND TAXES BORNE B
Page 238 and 239: 6. SOCIAL REPORT 6.1. STATEMENT OF
Page 240 and 241: 6.3. STATEMENT CONCERNING THE IMPLE
Page 242 and 243: • there have been no transactions
Page 244 and 245: DEXIA IN THE WORLD RAPPORT DE GESTI
Page 248 and 249: RAPPORT DE GESTION Kommunalkredit D
Page 250 and 251: Dexia’s Annual Report 2006 has be
Page 252: SDXI 0109-5 03-07
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Annual report 2006 - Dexia.com

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