Annual report 2010 - Dexia.com

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Notes to the annual financial statements4.17. Operating resultsManagement reportConsolidatedfinancial statements(in EUR) Previous period PeriodOperating IncomeOther operating incomeWhereof: the total amount of subsidies and compensatory amountsobtained from public authorities 137,998 298,877Operating ChargesEmployees recorded in the personnel register in Belgiuma) Total number at the closing date 245 359b) Average number of employees in full-time equivalents 234.7 275.9c) Number of actual working hours 352,431 415,344Personnel chargesa) Remuneration and direct social benefits 27,219,704 42,498,712b) Employers' contribution for social security 8,318,393 9,981,878c) Employers' premium for extra statutory insurance 4,301,373 5,592,011d) Other personnel charges 740,719 737,601e) Old-age and widow's pensions 0 298,836Provisions for pensionsAdditions (uses and write-back) 0 715,500Provisions for liabilities and chargesIncreases 141,690 1,151,131Decreases 13,368,499 403Other operating chargesTaxes related to operations 866,929 410,142Other charges 26,927 79,692Temporary personnel and persons placed at the disposal of the enterprisea) Total number at the closing date 0 0b) Average number of employees in full-time equivalents 0 0c) Number of actual working hours 0 0d) Charges to the enterprise 0 04.18. Financial resultsAdditional information Annual financial statements(in EUR) Previous period PeriodOther financial incomeExchange differences 662,289 3,091,172Income related to a swap 43,410,303 0Reimbursment of commission provisions concerning the payment of dividends 377,949 0Other financial income 4,658 31,658Interest on arrears 3,700,333Other financial chargesCharges linked to the payment of dividends 76,214 43,424Loss on disposal of current assets 13,367,151 0Exchange differences 8,315 26,005Conversion differences 13,429 26,787Other financial charges 144,581 66,863Charges in connection with the quotation of the Dexia share 0 310,458Service costs related to the management of actions 381,497 230,842Commission sales actions Assured Guaranty 0 7,210,307254 Dexia Annual report 2010
Notes to the annual financial statements4.19. Income taxes(in EUR)PeriodIncome taxes of the current period:a) Taxes and withholding taxes due or paid 997b) Excess of income tax prepayments and withholding taxes capitalized 997Income taxes on previous periods: 1,396Additional charges for income taxes due or paid 1,396Impact of the exceptional results in the taxes on the profit of the year:The write off on on financial fixed assets and the exceptional provision for liabilitiesand charges are not tax deductible.The gain on disposal of fixed assets is tax exempted.Status of deferred taxes:Deferred taxes representing assets 309,725,858Accumulated tax losses deductible from future taxable profits 137,863,288Other deferred taxes representing assets- Surplus of revenues definitively taxed 169,753,390- Surplus on depreciations 2,109,180Management report4.20. Value added tax and taxes borne by third parties(in EUR) Previous period PeriodTotal amount of value added tax charged during the period :1. To the enterprise (deductible) 928,784 59,4742. By the enterprise 37,181 5,427Amounts retained on behalf of third parties for:1. Payroll withholding taxes 10,199,604 11,561,8982. Withholding taxes on investment income 0 04.21. Rights and commitments not reflected in the balance sheet(in EUR)PeriodPersonal guarantees, provided or irrevocably promised by the enterprise,as security for debt and commitments of third parties 500,039,450Whereof:- Maximum amount for which other debts or commitments of third parties are guaranteed500,039,450by the enterpriseInformation concerning important litigations and other commitments.See note 4.4. to the annual financial statementsIf there is a supplementary retirement or survivor's pension plan in favour of the personnel or the executives ofthe enterprise, a brief description of such plan and of the measures taken by the enterprise to cover the resultingcharges.Members of staff benefit from a supplementary retirement and survival pension scheme for wich both employees and staffpremiums have been paid to a group insurance. Some members of the Management Board also benefit from a supplementaryscheme of which the contributions are paid to an external insurance company.Consolidatedfinancial statementsAdditional information Annual financial statementsAnnual report 2010 Dexia255
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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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Update on the transformation planMa
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StrategyManagement reportConsolidat
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Declaration of corporate governance
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Human ResourcesMEMBERS OF STAFFGEND
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Human ResourcesFinally, questions r
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Sustainable developmentEnergy perfo
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Risk managementManagement reportCon
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Risk managementThe Operational Risk
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Capital managementManagement report
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Capital managementEconomic capitalE
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Financial resultsConsolidated state
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Financial resultsManagement reportC
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Activity and results of the busines
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C o n s o l i d a t e d f i n a n c
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Liabilities Note 31/12/09 31/12/10(
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Consolidated statementof changes in
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Annual report 2010 - Dexia.com

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