Annual report 2010 - Dexia.com

More documents

Recommendations

Info

Notes to the consolidated financial statements8.3. Financial liabilities measured at fair value through profit or lossManagement reportConsolidatedfinancial statementsAdditional information Annual financial statements31/12/09 31/12/10Financial liabilities held for trading 275 763Financial liabilities designated at fair value 19,070 19,390Total 19,345 20,1548.3.1. Financial liabilities held for tradingA. Analysis by nature31/12/09 31/12/10Bonds issued by public bodies 191 457Other bonds 12 235Equity instruments 72 71Total 275 763B. Analysis by maturity and interest rateSee notes 12.4., 12.5. and 12.6.C. Analysis of the fair valueSee note 12.1.8.3.2. Financial liabilities designated at fair valueA. Analysis by nature31/12/09 31/12/10Non-subordinated liabilities 15,520 15,588Subordinated liabilities (1) 353 332Unit-linked products 3,197 3,471Total 19,070 19,390(1) List available on request.B. Analysis by maturity and interest rateSee notes 12.4., 12.5. and 12.6.C. Analysis of the fair valueSee note 12.1. and 12.2.H. for own credit risk.166 Dexia Annual report 2010
Notes to the consolidated financial statementsThe “Fair Value Option“ (FVO), for financial liabilities is mainlyused in the following situations:1) by the insurance business for unit-linked contracts (branch23).2) by Dexia Financial Products Inc and FSA Global FundingLtd for liabilities where the hedge accounting requirementsare not met or there is a risk that they will not be met, theFVO is used as an alternative in order to reduce volatility inprofit or loss.The following types of liabilities are subject to the FVOclassification:a) Fixed rate liabilities that are highly customised fundingcontracts that are tailored to the specific needs ofthe investor (GIC activities). The own credit spread iscalculated based on benchmark spread;b) FSA Global Funding fixed rate liabilities.The credit spread used is the Long Term Funding spread usedby Dexia for its own funding.3) by companies issuing debt with embedded derivatives.Management report8.4. Debt securitiesA. Analysis by nature31/12/09 31/12/10Certificates of deposit 33,246 16,077Customer savings certificates 13,136 12,430Convertible debts (1) 2 1Non-convertible bonds 166,681 181,964Total 213,065 210,473(1) The list of convertible debts is available on request.Consolidatedfinancial statementsB. Analysis by maturity and interest rateSee notes 12.4., 12.5. and 12.6.C. Analysis of the fair valueSee note 12.1.Additional information Annual financial statementsAnnual report 2010 Dexia167
Page 1:
A n n u a lr e p o r t2 0 1 0
Page 4 and 5:
4 Group profile8 Message from the c
Page 6 and 7:
Group profileManagement reportConso
Page 8 and 9:
Group profileRESULTS Dexia GAAP IFR
Page 10 and 11:
Message from the ChairmenManagement
Page 12 and 13:
2010 and early 2011 highlightsManag
Page 14 and 15:
2010 and early 2011 highlightsDecem
Page 16 and 17:
Update on the transformation planMa
Page 18 and 19:
Update on the transformation planMa
Page 20 and 21:
StrategyManagement reportConsolidat
Page 22 and 23:
Declaration of corporategovernanceM
Page 24 and 25:
Declaration of corporate governance
Page 26 and 27:
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Shareholder informationManagement r
Page 72 and 73:
Shareholder informationManagement r
Page 74 and 75:
Human ResourcesMEMBERS OF STAFFGEND
Page 76 and 77:
Human ResourcesFinally, questions r
Page 78 and 79:
Sustainable developmentEnergy perfo
Page 80 and 81:
Risk managementManagement reportCon
Page 82 and 83:
Risk managementThe Operational Risk
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Capital managementManagement report
Page 100 and 101:
Capital managementEconomic capitalE
Page 102 and 103:
Financial resultsConsolidated state
Page 104 and 105:
Financial resultsManagement reportC
Page 106 and 107:
Activity and results of the busines
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116:
Page 119 and 120: C o n s o l i d a t e d f i n a n c
Page 121 and 122: Liabilities Note 31/12/09 31/12/10(
Page 123 and 124: Consolidated statementof changes in
Page 125 and 126: Gains and losses not recognised in
Page 127 and 128: Consolidated cash flow statement(in
Page 129 and 130: Notes to the consolidated financial
Page 133: Notes to the consolidated financial
Page 219 and 220:
Notes to the consolidated financial
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
Page 235 and 236:
Page 237 and 238:
Dexia saStatutory Auditor's reporto
Page 240 and 241:
240 Balance sheet241 Off-balance-sh
Page 242 and 243:
Balance sheet(before income appropr
Page 244 and 245:
Statement of incomeManagement repor
Page 246 and 247:
Notes to the annual financial state
Page 248 and 249:
Page 250 and 251:
Page 252 and 253:
Page 254 and 255:
Page 256 and 257:
Page 258 and 259:
Page 260 and 261:
Page 262 and 263:
Statutory Auditor's reportManagemen
Page 264 and 265:
Additional informationManagement re
Page 267 and 268:
Photographs: page 8: C. LEBEDINSKY/
show all

Annual report 2010 - Dexia.com

Create successful ePaper yourself

Delete template?

Save as template?