Annual report 2010 - Dexia.com

Notes to the consolidated financial statementsD. Information on past-due or impaired financial assetsManagement reportConsolidatedfinancial statementsAdditional information Annual financial statementsA financial asset is past due when the counterparty has failed to make a payment when contractually due. This is consideredby contract.As an example, if a counterpart fails to pay the required interests at due date, the entire loan is considered as past due.Past-due but not impaired financialassets≤ 90 days>90 days≤ 180days> 180days31/12/09Carrying amountof individuallyimpaired financialassets, beforededucting anyimpairment lossCollateral receivedon past due orimpaired loans anddebt instrumentsFinancial assets available for sale (excludingvariable income securities) 1 0 0 810 0Loans and advances (at amortized cost) (1) 1,112 399 769 4,820 1,724Other financial instruments 0 3 3 335 0Total 1,113 402 772 5,965 1,724(1) The carrying amount of individually impaired financial assets, before deducting any impairment loss included debt instruments accounted for in the category“Loans and receivables“ for an amount of EUR 2,028 million, of which an amount of EUR 1,780 million for Dexia FP. For the latter, no collaterals are declared inthis disclosure. However, this amount benefits from the guarantee mechanism of the Belgian and French States described in disclosure 9.4.Past-due but not impaired financialassets≤ 90days>90 days≤ 180days> 180days31/12/10Carrying amountof individuallyimpaired financialassets, beforededucting anyimpairment lossCollateral receivedon past due orimpaired loans anddebt instrumentsFinancial assets available for sale (excludingvariable income securities) 0 0 0 794 0Loans and advances (at amortized cost) (1) 917 181 420 5,589 1,339Other financial instruments 0 1 2 287 0Total 917 182 422 6,670 1,339(1) The carrying amount of individually impaired financial assets, before deducting any impairment loss included debt instruments accounted for in the category“Loans and receivables“ for an amount of EUR 2,861 million, of which an amount of EUR 2,237 million for Dexia FP. For the latter, no collaterals are declared inthis disclosure. However, this amount benefits from the guarantee mechanism of the Belgian and French States described in disclosure 9.4.Collaterals held are mainly composed of mortgages on residential or small commercial real estate and pledges on various otherassets (receivables, business goodwill).Past due outstandings are mainly retail and corporate. Financial assets are determined as impaired according to the descriptionmade in valuation rules (see note 1.6.5.).E. Collateral and other credit enhancements obtained by taking possession ofcollateral holdNature of the assets obtained during the period by taking possessionCarrying amountof a collateral31/12/09 31/12/10Cash 22 13Debt instruments 4 4Property plant and equipment 42 35Investment Property 58 0Total 126 52Usually, Dexia does not intend to keep the collateral and converts into cash the collaterals obtained, respecting the legalprocedures thereon specific to each country for seizure of property and for seizure of goods.218 Dexia Annual report 2010