Annual report 2010 - Dexia.com

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Notes to the consolidated financial statements9.7. Share-based PaymentsManagement reportStock Option Plans settled in Dexia shares 31/12/09 31/12/10Number ofoptions (1)Number ofoptionsOutstanding at the beginning of the period 71,787,214 71,242,716Expired during the period (544,498) (3,548,469)Adjustment (2) 0 3,266,240Outstanding at the end of the period 71,242,716 70,960,487Exercisable at the end of the period 49,972,641 59,776,398(1) Outstanding options also include the call options granted to Dexia Crédit Local’s employees in 1999.(2) In order to protect warrant holders against adverse economic consequences arising from the issue of bonus shares following the resolution passed by theExtraordinary Shareholders’ Meeting held on 12 May 2010, the exercise price for warrants was reduced and the number of warrants increased in accordancewith an adjustment ratio determined in line with the Corporate Action Policy of Euronext NYSE Liffe.Consolidatedfinancial statementsAdditional information Annual financial statementsRange ofexerciseprices (EUR)Number ofoutstandingoptions31/12/09 31/12/10Weightedaverageoptionsexercise price(EUR)Weightedaverageremainingcontractuallife (year)Range ofexerciseprices (EUR)(1)Number ofoutstandingoptionsWeightedaverageoptionsexerciseprice (EUR)Weightedaverageremainingcontractuallife (year)10.09 7,093,355 - 8.50 9.63 7,378,529 0.00 7.5010.97 - 11.37 7,752,122 11.37 3.56 10.47 - 10.85 8,069,375 10.85 2.5611.88 - 13.66 17,609,369 13.20 4.86 11.34 - 13.04 18,363,514 12.60 3.8613.81 - 14.58 3,083,963 14.58 1.00 13.18 - 13.92 0 0.00 0.0015.17 - 15.88 0 - 0.00 14.48 - 15.16 0 0.00 0.0017.23 - 17.86 5,269,212 17.86 2.00 16.45 - 17.05 5,499,997 17.05 1.0018.03 - 18.20 10,059,822 18.03 5.41 17.21 - 17.37 10,339,793 17.21 4.5018.62 - 21.25 10,052,323 18.67 6.42 17.77 - 20.28 10,530,954 17.82 5.4223.25 10,322,550 - 7.50 22.19 10,778,325 22.19 6.50(1) In order to protect warrant holders against adverse economic consequences arising from the issue of bonus shares following the resolution passed by theExtraordinary Shareholders’ Meeting held on 12 May 2010, the exercise price for warrants was reduced and the number of warrants increased in accordancewith an adjustment ratio determined in line with the Corporate Action Policy of Euronext NYSE Liffe.31/12/09 31/12/10Equity-settled arrangements 9 3Cash-settled arrangements (1) 0 3Arrangements with settlement alternatives 0 0Total expenses 9 6Liabilities for cash-settled arrangements 0 3Liabilities for arrangements with settlement alternatives 0 0Total liabilities 0 3(1) The Board of Directors decided to apply the principles of the Belgian regulations which are applicable to the variable compensation for 2009 to be paidin 2010: a deferment of the variable compensation over three years, a measure of performance over the long term and a link of the deferred part with theshare price.190 Dexia Annual report 2010
Notes to the consolidated financial statements9.8. Non-controlling interests – Core equityAs at 1 January 2009 1,756- Increase of capital 2- Dividends (10)- Net income for the period 79- Variation of scope of consolidation (14)As at 31 December 2009 (1) 1,813As at 1 January 2010 1,813- Increase of capital 5- Dividends (32)- Net income for the period 74- Translation adjustments (1)- Variation of scope of consolidation (1)As at 31 December 2010 (1) 1,858(1) This amount includes:- the undated deeply subordinated non-cumulative Notes for EUR 700 million, issued by DCL and booked for EUR 698 million in 2009 and for EUR 700 millionin 2010.- the undated subordinated non-cumulative Notes for EUR 500 million, issued by Dexia Funding Luxembourg and booked for EUR 498 million.9.9. Contribution of joint ventures in the financial statements31/12/09 31/12/10Total assets 9,531 9,709Total liabilities 9,224 9,60431/12/09 31/12/10Income 342 393Expenses (296) (333)Gross operating income 46 60Net Income 29 45Attributable to non-controlling interests 0 0Attributable to equity holders of the parent 29 45Mainly group RBC-DIS.Management reportConsolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia191
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Group profileRESULTS Dexia GAAP IFR
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Message from the ChairmenManagement
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Human ResourcesMEMBERS OF STAFFGEND
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Annual report 2010 - Dexia.com

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