Annual report 2010 - Dexia.com

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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
Notes to the consolidated financial statementsF. Allowances movements for credit lossesAs at1 Jan.2009UtilizationAmountssetaside forestimatedprobableloan lossesAmountsreversedfor estimatedprobableloan lossesOtherAs at31 Dec.2009Recoveriesdirectlyrecognizedin profit orlossCharge-offsdirectlyrecognisedin profit orlossSpecific allowancesfor financial assets 3,842 (736) 1,135 (592) (130) 3,519 9 (99)Loans and advances due frombanks 98 0 0 (93) 4 9 0 (6)Loans and advances tocustomers 2,083 (85) 1,036 (272) (105) 2,657 9 (93)Financial assets available forsale 1,661 (651) 99 (227) (29) 853of which fixed incomeinstruments 817 (13) 7 (133) (26) 652of which equityinstruments 844 (638) 92 (94) (3) 201Allowances forincurred but notreported losses onfinancial assets 1,506 (16) 361 (356) (18) 1,477Loans and advances due frombanks 65 0 51 (53) (1) 62Loans and advances tocustomers 1,441 (16) 310 (303) (17) 1,415Total 5,348 (752) 1,496 (948) (148) 4,996 9 (99)Management reportConsolidatedfinancial statementsAs at1 Jan.2010UtilizationAmountssetaside forestimatedprobableloan lossesAmountsreversedforestimatedprobableloan lossesOtherAs at31 Dec.2010Recoveriesdirectlyrecognizedin profit orlossChargeoffsdirectlyrecognisedin profit orlossSpecific allowancesfor financial assets 3,519 (301) 1,124 (361) (21) 3,960 13 (80)Loans and advances due frombanks 9 0 15 (1) 2 25 0 0Loans and advances tocustomers 2,657 (181) 1,054 (286) (30) 3,214 13 (80)Financial assets available forsale 853 (119) 55 (74) 8 722of which fixed incomeinstruments 652 (25) 13 (74) 6 572of which equityinstruments 201 (94) 41 0 2 150Allowances forincurred but notreported losses onfinancial assets 1,477 (40) 331 (500) 40 1,308Loans and advances due frombanks 62 0 7 (44) 0 25Loans and advances tocustomers 1,415 (40) 324 (457) 40 1,282Total 4,996 (341) 1,455 (861) 19 5,268 13 (80)Additional information Annual financial statementsAnnual report 2010 Dexia219
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Annual report 2010 - Dexia.com

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