Annual report 2010 - Dexia.com

Consolidated statementof incomeManagement reportConsolidatedfinancial statementsAdditional information Annual financial statements(in millions of EUR) Note 31/12/09 31/12/10I. Interest income 11.1. 63,980 46,886II. Interest expense 11.1. (58,950) (43,004)III. Dividend income 11.2. 114 81IV. Net income from associates 11.3. 39 5V. Net income from financial instruments at fair value throughprofit or loss 11.4. 61 2VI. Net income on investments 11.5. 23 296VII. Fee and commission income 11.6. 1,507 1,642VIII. Fee and commission expense 11.6. (279) (309)IX. Premiums and technical income from insurance activities 11.7. & 9.3. 2,710 3,482X. Technical expense from insurance activities 11.7. & 9.3. (3,059) (3,844)XI. Other net income 11.8. 38 (1) 73Income 6,184 5,310XII. Staff expense 11.9. (1,847) (1,878)XIII. General and administrative expense 11.10. (1,096) (2) (1,156)XIV. Network costs 1.11. (366) (369)XV. Depreciation & amortization 11.11. (298) (300)Expenses (3,607) (3,703)Gross operating income 2,577 1,607XVI. Impairment on loans and provisions for credit commitments 11.12. (1,096) (641)XVII. Impairment on tangible and intangible assets 11.13. (51) (1)XVIII. Impairment on goodwill 11.14. (6) 0XIX. Provisions for legal litigations 11.15. (21) (1) (41)Net income before tax 1,403 924XX. Tax expense 11.16. (314) (127)Net Income 1,089 797Attributable to non-controlling interests 79 74Attributable to equity holders of the parent 1,010 723in EUREarnings per share 11.17.- basic 0.55 (3) 0.39- diluted 0.55 (3) 0.39(1) An amount of EUR -21 million of “Other net income“ is now included in “Provisions for legal litigations“.(2) The amount of EUR -7 million of Deferred acquisition costs is now included in “General and administrative expense“ and not displayed any longer in a specificline of the consolidated statement of income.(3) Figures as at 31 december 2009 were restated to consider the issuance of new ordinary shares free of charge (bonus shares), distributed to theshareholders.The notes on pages 126 to 234 are an integral part of these consolidated financial statements.120 Dexia Annual report 2010