Annual report 2010 - Dexia.com

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Notes to the consolidated financial statementsB.2. Assets and liabilitiesManagement reportGross reserves31/12/09 31/12/10Claims reserves 610 652Reserves Unallocated Loss Adjustment Expenses (ULAE) 23 26Premium deficiency reserves (Non-life LAT) 0 0Reserves for claims Incurred But Not Reported (IBNR) 34 42Total claims reserves 667 720Other technical reserves 21 21Unearned Premium Reserve (UPR) 102 107Total gross reserves 790 848Consolidatedfinancial statementsAdditional information Annual financial statementsShare of reinsurers31/12/09 31/12/10Share of reinsurers in claims reserves 61 62Share of reinsurers in total claims reserve 61 62Share of reinsurers in other technical reserves 1 1Share of reinsurers in UPR 3 3Total share of reinsurers 65 66Reconciliation of changes in claims reservesGrossamount2009 2010ReinsuranceamountNet amountGrossamountReinsuranceamountNet amountClaims reserves as at 1 Jan. 631 66 565 667 62 605Claims paid on previous years (117) (8) (109) (124) (2) (122)Change in claim charges on previous years (44) 1 (45) (47) (2) (45)Liabilities on claims current year 197 3 194 224 4 220Claims reserve as at 31 Dec. 667 62 605 720 62 658Claims developmentRunoff triangle total costs (gross figures)Occurrence yearLiquidation year Previous 2006 2007 2008 2009 20102006 463 2382007 353 133 2672008 295 77 144 2852009 245 57 77 167 3302010 206 51 58 93 162 377The runoff shows us that the ratio per occurrence year total loss remains very stable during the liquidation years, but theincurred losses increased in 2010 due to the storms and flood.182 Dexia Annual report 2010
Notes to the consolidated financial statements9.4. Related parties transactionsA. Related parties transactionsKeymanagement (1)Entities with jointcontrol or significantinfluence over theentity (2) Subsidiaries Associates Joint ventures inwhich the entityis a venturer31/12/09 31/12/10 31/12/09 31/12/10 31/12/09 31/12/10 31/12/09 31/12/10 31/12/09 31/12/10Loans (3) 1,674 1,529 2 7 217 235 32 69Interest income 72 57 12 11 1 1Deposits (3) 2 8 1,675 3,388 96 72 104 114 838 1,271Interest expense (39) (60) (7) (3) (2) (1) (25) (6)Net commission (4) 36 34 1 19 22 (9) (7)Guarantees issued andcommitments provided bythe Group 349 415 9 1 63 124 1,709 2,281Guarantees andcommitments received bythe Group 740 534 9 92 30 30(1) Key management includes the Board of Directors and the Management Board.(2) We refer here to the main shareholders of Dexia (2009-2010): Arcofin, Holding Communal, Caisse des dépôts et consignations.Dexia applies IAS 24 § 25 for those transactions concluded at general market conditions.As a consequence, transactions with the Belgian and French States are not disclosed in the table A.However, significant transactions which are carried out on non-market terms are described in 9.4 C.(3) Transactions with related parties are concluded at general market conditions.(4) Figures as at 31 December 2009 have been restated.No provisions were recorded on loans given to related parties.Dexia Group entered no investment transactions exceeding EUR 25 million with related parties.B. Key management compensations31/12/09 31/12/10Short-term benefits 5 6Post-employment benefits 1 1Other long-term benefits 0 0Termination benefits 0 1Details per person are reported in the Compensation report on page 44 of the annual report.Short-term benefits include the salaries, bonuses and other advantages. Payment of bonuses is subject to some conditions andis partially deferred as explained in the Compensation report on page 44.Post-employment benefits: service cost calculated in accordance with IAS 19.Management reportConsolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia183
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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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Capital managementManagement report
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Financial resultsConsolidated state
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Financial resultsManagement reportC
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Consolidated statementof changes in
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Statement of incomeManagement repor
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Additional informationManagement re
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Photographs: page 8: C. LEBEDINSKY/
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Annual report 2010 - Dexia.com

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