Annual report 2010 - Dexia.com

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Notes to the consolidated financial statementsManagement reportB.2. Liabilities31/12/09 31/12/10Level 1 (1) Level 2 (2) Level 3 (3) Total Level 1 (1) Level 2 (2) Level 3 (3) TotalFinancial liabilities held fortrading 212 62 1 275 450 313 0 763Financial liabilitiesdesignated at fair value 0 15,691 3,379 19,070 238 17,556 1,596 19,390Derivatives 3 54,492 3,869 58,364 3 63,484 8,860 72,347Total 215 70,245 7,249 77,709 691 81,353 10,456 92,500(1) Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities.(2) Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability,either directly (i.e. as prices) or indirectly (i.e. derived from prices).(3) Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observablemarket data (unobservable inputs).Consolidatedfinancial statementsC. Transfer between Level 1 and Level 2 fair value hierarchy31/12/09 31/12/10Assets From 1 to 2 From 2 to 1 From 1 to 2 From 2 to 1Financial assets held for trading 321 32 3 15Financial assets available for sale – bonds 33 1,105 1,968 95Financial assets available for sale – equities 0 0 0 3Derivatives 130 0 0 0Total 484 1,137 1,971 113In 2010, bonds emitted by Republic of Greece and Republic of Portugal were transferred from level 1 into level 2.Additional information Annual financial statements31/12/09 31/12/10Liabilities From 1 to 2 From 2 to 1 From 1 to 2 From 2 to 1Financial liabilities held for trading 0 1 0 0Total 0 1 0 0206 Dexia Annual report 2010
Notes to the consolidated financial statementsD. Reconciliation Level 3D.1. AssetsOpeningbalanceTotalgains/losses inP&L2009Total Purchase Sale SettlementTransfersgains/losses inOCIinLevel3Transferout ofLevel 3Changesin scopeof consolidationConversiondifferencesOther (1) ClosingFinancial assets heldfor trading 4,459 1,086 0 260 (2,321) (99) 0 (224) 0 162 0 3,323Financial assetsdesignated at fair value– other than equities 184 (32) 0 173 (15) 0 0 (102) 0 2 0 210Financial assets availablefor sale – bonds 51,411 844 1,108 1,124 (1,429) (1,206) 1,828 (2,376) 0 (191) (26) 51,087Financial assets availablefor sale – equities 959 7 16 85 (80) (5) 13 (32) (2) 20 (125) 856Derivatives 5,034 404 0 5 (734) (1,618) 0 (52) 0 200 0 3,239Total 62,047 2,309 1,124 1,647 (4,579) (2,928) 1,841 (2,786) (2) 193 (151) 58,715(1) The assets of Dexia Epargne Pension are transferred to non-current assets held for sale.OpeningbalanceTotal gains/losses inP&LTotalgains/losses inOCITransfersin Level3Transferout ofLevel 32010Purchase Sale SettlementConversiondifferencesFinancial assets held fortrading 3,323 257 0 15 (1,430) (14) 1,257 (15) 115 3,508Financial assetsdesignated at fair value– other than equities 210 4 0 0 (97) (4) 173 0 1 287Financial assets availablefor sale – bonds 51,087 779 (740) 586 (6,714) (3,196) 1,024 (1,320) 1,133 42,639Financial assets availablefor sale – equities 856 (3) 41 55 (128) (13) 65 (46) 10 837Derivatives 3,239 1,333 3 2 (9) (328) 459 (461) 794 5,032Total 58,715 2,370 (696) 658 (8,378) (3,555) 2,978 (1,842) 2,053 52,303ClosingManagement reportConsolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia207
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4 Group profile8 Message from the c
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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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Annual report 2010 - Dexia.com

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