Annual report 2006 - Dexia.com

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RAPPORT DE GESTION COMPTES CONSOLIDÉS COMPTES SOCIAUX INFORMATIONS COMPLÉMENTAIRES Dexia Crédit Local Canada 800 Square Victoria, Suite 1620 CP 201, Montréal (Québec) Canada H4Z 1 E3 Phone: + 1 514 868 1200 Dexia Crédit Local Research and Development India Pvt Ltd Mercantile House, Level 10 KG Marg, New Delhi 110001 India Phone: + 91 11 14 35 20 805 Dexia Crédit Local Portugal Estrella Office Rua Domingos Sequeira 27-5G P-1350-119 Lisboa Phone: + 351 21 395 15 16 Fax: + 351 21 397 77 33 Dexia Crédito Local México Torre Hemicor – Av. Insurgentes Sur # 826 Colonia del Valle – Bénito Juarez 3100 México DF Mexico Phone: + 55 56 87 75 45 Dexia Crédits Logement Headquarters Boulevard Pachéco 44 B-1000 Brussels Operations • Chaussée de Dinant 1033 B-5100 Wépion Phone: + 32 81 46 82 11 Fax: + 32 81 46 05 55 • H. Consciencestraat 6 B-8800 Roeselare Phone: + 32 51 23 21 11 Fax: + 32 51 23 21 45 Dexia Delaware LLC 445 Park Avenue 7th Floor New York, NY 10022 USA Phone: + 1 212 515 70 00 Fax: + 1 212 753 55 22 Dexia Éditions 1, passerelle des Reflets Tour Dexia – La Défense 2 TSA 92202 F-92919 La Défense Cedex Phone: + 33 1 58 68 80 41 Dexia Employee Benefits Avenue Livingstone 6 B-1000 Brussels Phone: + 32 2 222 09 13 Fax: + 32 2 222 09 14 www.dexia-eb.com Dexia Épargne Pension 65, rue de la Victoire F-75009 Paris Phone: 0810 39 82 83 www.dexia-ep.com Dexia Factors Avenue Livingstone 6 B-1000 Brussels Phone: + 32 2 282 66 33 Fax: + 32 2 282 66 99 www.dexia-factors.be Dexia Finance 1, passerelle des Reflets Tour Dexia – La Défense 2 TSA 92202 F-92919 La Défense Cedex Phone: + 33 1 58 58 87 05 Dexia Flobail 1, passerelle des Reflets Tour Dexia – La Défense 2 TSA 92202 F-92919 La Défense Cedex Phone: + 33 1 58 58 68 08 Dexia Insurance Belgium Avenue Livingstone 6 B-1000 Brussels Phone: + 32 2 286 61 11 Fax: + 32 2 286 15 15 www.dvvlap.be Dexia Investment Company Boulevard Pachéco 44 B-1000 Brussels Phone: + 32 2 222 71 94 Fax: + 32 2 285 35 48 Dexia Investments Ireland 6 George’s Dock IRL-IFSC Dublin 1 Phone: + 353 1 645 50 00 Fax: + 353 1 829 15 77 www.dexia-investments.ie Dexia Kommunalbank Deutschland Charlottenstraße 82 D-10969 Berlin Phone: + 49 30 25 59 8-0 Fax: + 49 30 25 59 8-2 00 www.dexia.de Dexia Kommunalkredit Bank AG Türkenstraße 9 A-1092 Wien Phone: + 43 1 31 6 31 Fax: + 43 1 31 6 31 103 www.dexia-kom.com Dexia Kommunalkredit Bulgaria EOOD Sofia 1000, 19 Karnigradska Bulgaria Phone: + 359 897 886 761 Dexia Kommunalkredit Czech Republic a.s Karlova 27, 110 00 Praha 1 Czech Republic Phone: + 420 221 146 331 Dexia Kommunalkredit Hungary Kft. Horvat u. 14-24 1027 Budapest Hungary Phone: + 36 1 224 76 50 Dexia Kommunalkredit Polska UI. Sienna 39 PL-00-121 Warszawa Phone: + 48 22 654 35 84 Dexia Kommunalkredit Romania SRL 42 Dorobantilor Street 1st District 010573 Bucuresti Romania Phone: + 40 21 619 34 07 Dexia Lease Belgium Headquarters Boulevard Pachéco 44 B-1000 Brussels Operations Avenue Livingstone 6 B-1000 Brussels Phone: + 32 2 222 37 08 Fax: + 32 2 222 37 13 www.dexialease.be Dexia Lease Services Avenue Livingstone 6 B-1000 Brussels Phone: + 32 2 222 38 36 Fax: + 32 2 222 37 13 244 | Dexia / Annual Report 2006
Dexia Life & Pensions 2, rue Nicolas Bové L-1253 Luxembourg Phone: + 352 262 54 41 Fax: + 352 262 54 45 480 www.dexia-life.com Dexia Location Longue Durée 22, rue des Deux Gares F-92564 Rueil-Malmaison Cedex Phone: + 33 1 57 69 55 55 Fax: + 33 1 57 69 65 87 www.dexia-clflease.fr Dexia Municipal Agency 1, passerelle des Reflets Tour Dexia – La Défense 2 TSA 92202 F-92919 La Défense Cedex Phone: + 33 1 58 58 77 77 Fax: + 33 1 58 58 70 00 www.dexia-ma.com Dexia Prévoyance 3, avenue Claude Guillemin Site du BRGM BP 6009 F- 45060 Orléans Cedex 2 Phone: + 33 2 38 64 39 80 Fax: + 33 2 38 64 33 68 assurance@dexia-prevoyance.com Dexia Private Bank Jersey PO Box 12 2-6, Church Street St Helier, Jersey JE4 9NE Phone: + 44 1534 83 44 00 Fax: + 44 1534 83 44 11 www.dexia-privatebank.je Dexia Public Finance Bank Shackleton House 4, Battle Bridge Lane UK-London SE1 2RB Phone: + 44 207 378 77 57 Fax: + 44 207 378 71 88 www.uk-dexia.com Dexia Public Finance Norden Box 7573 Engelbrektsplan 2 S-103 93 Stockholm Phone: + 46 8 407 57 00 Fax: + 46 8 407 57 01 Dexia Public Finance Switzerland 2, rue de Jargonnant CH-1207 Genève Phone: + 41 22 718 01 20 Dexia Sabadell Banco Local Paseo de las Doce Estrellas 4 Campo de las Naciones E-28042 Madrid Phone: + 34 91 721 33 10 Fax: + 34 91 721 33 20 www.dexiasabadell.es Dexia Securities France 112, avenue Kléber F-75116 Paris Phone: + 33 1 56 28 52 00 Fax: + 33 1 56 28 52 80 Dexia Société de Crédit Headquarters and operations Rue des Clarisses 38 B-4000 Liège Phone: + 32 4 232 45 45 Fax: + 32 4 232 45 01 Operations Boulevard Saint-Michel 50 B-1040 Brussels Phone: + 32 2 732 12 12 Fax: + 32 2 737 29 27 www.dexia-societedecredit.be Dexia Sofaxis Route de Creton F-18100 Vasselay Phone: + 33 2 48 48 10 10 Fax: + 33 2 48 48 10 11 www.sofaxis.com Dexia Technology Services 69, route d’Esch L-2953 Luxembourg Phone: + 352 4590 1 Domiserve 6, rue André Gide 92320 Châtillon Phone: 0810 55 55 55 www.domiserve.com Experta (Suisse) Steinengraben 22 CH-4002 Basel Phone: + 41 61 285 17 17 Fax: + 41 61 285 17 77 www.experta.ch Experta Corporate and Trust Services 283, route d’Arlon L-1150 Luxembourg Phone: + 352 26 92 55 1 Fax: + 352 26 92 55 3366 www.experta.lu Experta Trust Company (Bahamas) Limited Trade Winds Building, 4th Floor Bay Street PO Box N-10697 Nassau Bahamas Phone: + 1 242 325 09 22 Fax: + 1 242 325 09 11 www.experta.bs Experta Trust Services Jersey PO Box 300 2-6, Church Street St Helier, Jersey JE4 8YL Phone: + 44 1534 83 44 44 Fax: + 44 1534 83 44 55 www.experta.je Fidexis Boulevard du Souverain 191 B-1160 Brussels Phone: + 32 2 209 02 30 Fax: + 32 2 209 02 37 Financial Security Assurance 31 West 52nd Street New York, NY 10019 USA Phone: + 1 212 826 01 00 Fax: + 1 212 688 31 01 www.fsa.com INCA PO Box 1847 – Gallo Manor 2152 Johannesburg South Africa Phone: + 27 11 202 22 00 Kommunalkredit Austria AG Türkenstraße 9 A-1092 Wien Phone: + 43 1 31 6 31 0 Fax: + 43 1 31 6 31 503 www.kommunalkredit.at RAPPORT DE GESTION COMPTES CONSOLIDÉS COMPTES SOCIAUX INFORMATIONS COMPLÉMENTAIRES Dexia / Annual Report 2006 | 245
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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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7.10. TANGIBLE FIXED ASSETS A. Net
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7.11. INTANGIBLE ASSETS AND GOODWIL
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A. Other assets Analysis by nature
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Present value of finance lease liab
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8. NOTES ON THE LIABILITIES OF THE
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B. Analysis by maturity and interes
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Convertible non-subordinated debt D
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D. Provisions for pensions and othe
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H. Range of assumptions to determin
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9. OTHER NOTES ON THE CONSOLIDATED
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Deferred tax coming from assets of
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2. Change in profit sharing reserve
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B. Nonlife contracts B.1. Income an
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9.4. RELATED PARTIES TRANSACTIONS A
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The assets and liabilities disposed
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9.8. SHARE-BASED PAYMENTS STOCK OPT
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9.9. MINORITY INTERESTS - CORE EQUI
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Dec. 31, 2005 Dec. 31, 2006 Banking
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10. NOTES ON THE CONSOLIDATED OFF-B
Page 196 and 197: 11.3. NET INCOME FROM ASSOCIATES De
Page 198 and 199: 11.6. COMMISSION INCOME AND EXPENSE
Page 200 and 201: (AVERAGE FTE) France Belgium Luxemb
Page 202 and 203: 11.14. IMPAIRMENT ON GOODWILL Nil.
Page 204 and 205: 12. NOTES ON RISK EXPOSURE (IN MILL
Page 206 and 207: 12.2. CREDIT RISKS EXPOSURE A. Anal
Page 208 and 209: 12.3. INTEREST RATE REPRICING RISK:
Page 210 and 211: RAPPORT DE GESTION CONSOLIDATED FIN
Page 212 and 213: 12.6. LIQUIDITY RISK: BREAKDOWN BY
Page 214 and 215: 12.7. CURRENCY RISK As of Dec. 31,
Page 216 and 217: BALANCE SHEET 216 OFF-BALANCE SHEET
Page 218 and 219: BALANCE SHEET (before income approp
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 228 and 229: 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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