Annual report 2005 - Dexia.com

More documents

Recommendations

Info

DexiaShare and shareholdersDEXIA’S STOCK MARKET PERFORMANCE (FROM NOVEMBER 1996 TO END FEBRUARY 2006)EUR 25Average Dexia EuroStoxx Banks EuroStoxx 50EUR 20EUR 15EUR 10EUR 520/11/9620/02/9720/05/9720/08/9720/11/9720/02/9820/05/9820/08/9820/11/9820/02/9920/05/9920/08/9920/11/9920/02/0020/05/0020/08/0020/11/0020/02/0120/05/0120/08/0120/11/0120/02/0220/05/0220/08/0220/11/0220/02/0320/05/0320/08/0320/11/0320/02/0420/05/0420/08/0420/11/0420/02/0520/05/0520/08/0520/11/0521/02/06DEXIA’S STOCK MARKET PERFORMANCE IN PARIS AND TRADING VOLUMESEUR 25Monthly trading volume Dexia CAC 4090,000,000EUR 20EUR 15EUR 10EUR 5EUR 080,000,00070,000,00060,000,00050,000,00040,000,00030,000,00020,000,00010,000,000020/11/9620/03/9718/07/9715/11/9715/03/9813/07/9810/11/9810/03/9908/07/9905/11/9904/03/0002/07/0030/10/0027/02/0127/06/0125/10/0122/02/0222/06/0220/10/0217/02/0317/06/0315/10/0312/02/0411/06/0409/10/0406/02/0506/06/0504/10/0501/02/0621/02/06DEXIA’S STOCK MARKET PERFORMANCE IN BRUSSELS AND TRADING VOLUMESEUR 25Monthly trading volumeDexiaBEL2045,000,00040,000,000EUR 2035,000,000EUR 1530,000,00025,000,000EUR 1020,000,00015,000,000EUR 510,000,0005,000,000EUR 0020/11/9620/03/9718/07/9715/11/9715/03/9813/07/9810/11/9810/03/9908/07/9905/11/9904/03/0002/07/0030/10/0027/02/0127/06/0125/10/0122/02/0222/06/0220/10/0217/02/0317/06/0315/10/0312/02/0411/06/0409/10/0406/02/0506/06/0504/10/0501/02/0621/02/0626
Annual Report 2005STOCK EXCHANGE DATABrusselsParisShare price as of December 31, 2004 (in EUR) 16.92 16.93Share price as of December 31, 2005 (in EUR) 19.48 19.49Highest/lowest price (in EUR) 19.78/16.93 19.77/16.93Average daily trading volume (in millions of EUR) 24.33 29.59Number of shares traded daily (in thousands of shares) 1,338 1,628NUMBER OF SHARESAs of As of As of As of As ofDec. 31, 2001 Dec. 31, 2002 Dec. 31, 2003 Dec. 31, 2004 Dec. 31, 2005Number of shares 1,166,813,164 1,181,685,852 1,175,222,680 1,145,261,366 1,107,469,030Of which Treasury shares 11,867,710 20,082,005 32,546,412 40,050,935 20,550,020Number of options 18,331,214 31,809,349 43,301,416 50,684,800 55,903,030Total number of current/potentialfuture shares (1) 1,185,144,378 1,213,4950201 1,218,524,096 1,195,946,166 1,163,372,060DATA PER SHARE2001 2002 2003 2004 2005Earnings per share (in EUR)– basic under Dexia GAAP (2) 1.25 1.13 1.24 1.58 –– basic under EU GAAP (2) – – – 1.63 1.87– diluted under EU GAAP (3) – – – 1.62 1.85Average weighted number of shares (4)– basic 1,137,242,884 1,150,867,134 1,157,363,982 1,118,723,767 1,091,316,100– diluted – – – 1,124,050,279 1,103,413,861Net assets per share (in EUR) (5)– under Dexia GAAP (6) 8.39 8.79 9.25 9.95 –– related core shareholders’ equity (7) – – –(9)8.87 9.86– related to total shareholders’ equity (8) – – –(9)10.32 12.25Dividend (in EUR)Gross dividend 0.48 0.48 0.53 0.62 0.71 (12)Net dividend (10) 0.36 0.36 0.40 0.47 0.53 (12)Net dividend for shares with a VVPR strip (11) 0.41 0.41 0.45 0.53 0.60 (12)STOCK MARKET RATIOS2001 2002 2003 2004 2005Payout ratio (in %) (13)– under Dexia GAAP 39.3 43.0 42.1 38.7 –– under EU GAAP – – – 37.6 37.9 (14)Price-earnings ratio (15) 12.9 x 10.4 x 11.0 x 10.7 x 10.4 xPrice to book ratio (16) 1.9 x 1.3 x 1.5 x 1.7 x 2.0 xAnnual yield (in %) (17) 3.0 4.1 3.9 3.7 3.6(1) For more details refer to “legal information” on www.dexia.com.(2) Ratio between the net income – Group share and the weighted average number of shares.(3) Ratio between the net income – Group share and the weighted average diluted number of shares.(4) Excluding shares held in treasury stocks.(5) Ratio between the shareholders’ equity (estimated dividend for the period deducted) and the number of shares at the end of the period (after deduction oftreasury shares).(6) Including GBRR – Group share.(7) Without AFS, CFH reserve and cumulative translation adjustments.(8) With AFS, CFH reserve and cumulative translation adjustments.(9) As of January 1, 2005.(10) After deduction of a 25% Belgian withholding tax.(11) After deduction of a 15% Belgian withholding tax for securities with a VVPR strip.(12) Proposed dividend, the net dividends are rounded up for the purpose of this publication.(13) Ratio between the total dividend and the net income – Group share.(14) Based on proposed dividend.(15) Ratio between the average share price as of December 31 and the earnings per share for the year.(16) Ratio between the average share price as of December 31 and the net assets per share as of December 31 (related to core shareholders’ equity for 2005).(17) Ratio between the gross dividend per share and the average share price as of December 31.27
Page 1 and 2: ANNUAL REPORT 2005no achievement wi
Page 5 and 6: Annual Report 2005Business linesPub
Page 7 and 8: Annual Report 2005EARNINGSPER SHARE
Page 9 and 10: Annual Report 2005(stock market per
Page 11 and 12: Annual Report 2005more efficient ov
Page 13 and 14: In October 1996, Dexia wasborn of t
Page 15 and 16: Annual Report 2005From left to righ
Page 17 and 18: Annual Report 20051 Axel Miller - 2
Page 19 and 20: Annual Report 2005The alliance has
Page 21 and 22: Annual Report 2005-, a holder and m
Page 23 and 24: Annual Report 2005Products or manda
Page 25 and 26: Milestone 2The Dexia share,sustaina
Page 27: Annual Report 2005performance, agai
Page 31 and 32: Annual Report 2005Every year, Dexia
Page 33 and 34: Annual Report 2005• Providing reg
Page 35 and 36: Annual Report 2005The 2005 Dexia/TN
Page 37 and 38: Milestone 3The Dexia Corporate Univ
Page 39 and 40: Annual Report 2005Analysis of the s
Page 41 and 42: Annual Report 2005STATEMENT OF INCO
Page 43 and 44: Annual Report 2005below). If those
Page 45 and 46: Annual Report 2005Commenting on the
Page 47 and 48: Annual Report 2005Costs• In Q3 20
Page 49 and 50: Annual Report 2005Total shareholder
Page 51 and 52: It was in 2000, with the acquisitio
Page 53 and 54: Annual Report 2005World leaderIn 20
Page 55 and 56: Annual Report 2005Local investment
Page 57 and 58: Annual Report 2005ActivityLong-term
Page 59 and 60: Annual Report 2005For the social pr
Page 61 and 62: Milestone 5Public Private Partnersh
Page 63 and 64: Annual Report 2005The NetherlandsIt
Page 65 and 66: Annual Report 2005Municipal sectorW
Page 67 and 68: Milestone 6The Bank forRenewable En
Page 69 and 70: Annual Report 2005United KingdomAt
Page 71 and 72: Annual Report 2005quarter 2005. Dur
Page 73 and 74: Annual Report 2005• IsraelAt year
Page 75 and 76: Annual Report 2005As a result, gros
Page 77 and 78: The success of a company merger is
Page 79 and 80:
Annual Report 2005product. The prin
Page 81 and 82:
Annual Report 2005As regards privat
Page 83 and 84:
Annual Report 2005Costs amounted to
Page 85 and 86:
Rapport d’activité 2005Milestone
Page 87 and 88:
Annual Report 2005ActivityAsset man
Page 89 and 90:
Annual Report 2005This growth stemm
Page 91 and 92:
Annual Report 2005• The insurance
Page 93 and 94:
Milestone 9RBC Dexia Investor Servi
Page 95 and 96:
Annual Report 2005LONG-TERM ISSUES
Page 97 and 98:
Annual Report 2005ResultsThe analys
Page 99 and 100:
Milestone 10The European WorksCounc
Page 101 and 102:
Annual Report 2005GENDER BREAKDOWN4
Page 103 and 104:
Annual Report 2005AGE PYRAMID> 5955
Page 105:
Annual Report 2005It is a matter of
Page 108 and 109:
DexiaCorporate governanceCorporateg
Page 110 and 111:
DexiaCorporate governanceCOMPOSITIO
Page 112 and 113:
DexiaCorporate governance• Axel M
Page 114 and 115:
DexiaCorporate governanceDIRECTORS
Page 116 and 117:
DexiaCorporate governanceSpecialize
Page 118 and 119:
DexiaCorporate governanceLocal and
Page 120 and 121:
DexiaCorporate governanceCompensati
Page 122 and 123:
DexiaCorporate governanceThe audits
Page 124 and 125:
Ten years after its original merger
Page 126 and 127:
DexiaDexiain the worldAchatpublic.c
Page 128 and 129:
DexiaDexia in the worldDexia Crédi
Page 130:
DexiaDexia in the worldRBC Dexia In
show all

Annual report 2005 - Dexia.com

Create successful ePaper yourself

Delete template?

Save as template?