Annual report 2010 - Dexia.com

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Notes to the consolidated financial statementsD. Provisions for pensions and other long term benefitsManagement reportConsolidatedfinancial statementsAdditional information Annual financial statementsa. Change in benefit obligation 31/12/09 31/12/101. Benefit obligation as at beginning of year 1,897 2,0012. Current service cost 81 863. Interest cost 105 974. Plan participants’ contributions 7 55. Amendments (2) (1)6. Actuarial (gains)/losses 183 97. Benefits paid (69) (92)8. Premiums paid (4) (4)9. Acquisitions/divestitures 0 (11)10. Plan curtailments (8) (1)11. Plan settlements (195) (11)12. Exchange rate changes 5 1013. Benefit obligation as at end of year 2,001 2,088b. Change in plan assets 31/12/09 31/12/101. Fair value of plan assets as at beginning of year 1,287 1,2372. Expected return on plan assets 65 613. Actuarial gains/(losses) on plan assets 47 (16)4. Employer contributions 95 1005. Member contributions 6 56. Benefits paid (69) (91)7. Premiums paid (4) (4)8. Plan settlements (195) (11)9. Acquisitions/divestitures 0 (7)10. Exchange rate changes 5 1011. Fair value of plan assets as at end of year 1,237 1,284c. Amounts recognised in the balance sheet 31/12/09 31/12/101. Present value of funded obligations 1,390 1,4552. Fair value of plan assets 1,237 1,2843. Deficit/(surplus) for funded plans 153 1714. Present value of unfunded obligations 611 6335. Unrecognised net actuarial gains/(losses) (16) (39)6. Unrecognised past service (cost)/benefit 1 07. Effect of paragraph 58(b) limit 9 128. Net liability/(asset) 758 777Amounts in the balance sheet1. Liabilities 780 7972. Assets (22) (20)3. Net liability/(asset) 758 777170 Dexia Annual report 2010
Notes to the consolidated financial statementsd. Components of pension cost 31/12/09 31/12/10Amounts recognised in statement of income1. Current service cost 82 862. Interest cost 106 963. Expected return on plan assets (65) (61)4. Amortization of past service cost incl. §58(a) (1) (1)5. Amortization of net (gain)/loss incl. §58(a) (11) 06. Effect of paragraph 58(b) limit 2 27. Curtailment (gain)/loss recognised (8) 48. Total pension cost recognised in the statement of income 105 126Actual return on assetsActual return on plan assets 112 45Actual return on reimbursement assets 5 0Management reporte. Balance-sheet reconciliation 31/12/09 31/12/101. Balance-sheet liability/(asset) as at beginning of year 747 7582. Pension expense recognised in statement of income in the financial year 105 1263. Amounts recognised in SORIE in the financial year 0 04. Employer contributions made in the financial year 60 715. Benefits paid directly by company in the financial year 35 296. Credit to reimbursements 0 07. Net transfer in/(out) (including the effect of any business combinations/divestitures) 0 (7)8. Exchange rate adjustment – (gain)/loss 1 09. Balance sheet liability/(asset) as at end of year (1)+(2)+(3)-(4)-(5)+(6)+(7)+(8) 758 777Consolidatedfinancial statementsf. Plan assets Percentage of plan assetsAsset category 31/12/09 31/12/101. Equity securities 12.32% 12.30%2. Debt securities 84.94% 84.98%3. Real estate 0.33% 0.32%4. Other (1) 2.41% 2.40%(1) Includes qualifying insurance policies.g. History of experience gains and losses 31/12/07 31/12/08 31/12/09 31/12/101. Difference between the actual and expectedreturn on plan assetsa. Amount (44) (141) 47 (16)b. Percentage of plan assets -3.00% -11.00% 4.00% -1.00%2. Experience gains (-) and losses on planliabilitiesa. Amount (53) (5) (18) (28)b. Percentage of present value of planliabilities -3.00% 0.00% -1.00% -1.00%Additional information Annual financial statementsAnnual report 2010 Dexia171
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4 Group profile8 Message from the c
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Group profileManagement reportConso
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Group profileRESULTS Dexia GAAP IFR
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Message from the ChairmenManagement
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2010 and early 2011 highlightsManag
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2010 and early 2011 highlightsDecem
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Update on the transformation planMa
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Human ResourcesMEMBERS OF STAFFGEND
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Sustainable developmentEnergy perfo
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Capital managementManagement report
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Financial resultsConsolidated state
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Financial resultsManagement reportC
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Statement of incomeManagement repor
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Photographs: page 8: C. LEBEDINSKY/
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Annual report 2010 - Dexia.com

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