Annual report 2009 - Dexia.com

Consolidated statementof incomeManagement reportConsolidatedfinancial statementsAnnual financial statements(in millions of EUR) Note 31/12/08 31/12/09I. Interest income 11.1. 107,859 63,980II. Interest expense 11.1. (101,786) (58,950)III. Dividend income 11.2. 171 114IV. Net income from associates 11.3. (1) 39V. Net income from financial instruments at fair value throughprofit or loss 11.4. (614) 61VI. Net income on investments 11.5. (3,515) 23VII. Fee and commission income 11.6. 1,756 1,507VIII. Fee and commission expense 11.6. (325) (279)IX. Premiums and technical income from insurance activities 11.7. & 9.3. 4,577 2,710X. Technical expense from insurance activities 11.7. & 9.3. (4,513) (3,059)XI. Other net income 11.8. (53) 17INCOME 3,556 6,163XII. Staff expense 11.9. (2,021) (1,847)XIII. General and administrative expense 11.10. (1,390) (1,089)XIV. Network costs (370) (366)XV. Depreciation & amortization 11.11. (296) (298)XVI. Deferred acquisition costs (42) (7)EXPENSES (4,119) (3,607)GROSS OPERATING INCOME (563) 2,556XVII. Impairment on loans and provisions for credit commitments 11.12. (3,292) (1,096)XVIII. Impairment on tangible and intangible assets 11.13. (10) (51)XIX. Impairment on goodwill 11.14. (12) (6)NET INCOME BEFORE TAX (3,877) 1,403XX. Tax expense 11.15. 629 (314)NET INCOME (3,248) 1,089Attributable to minority interest 78 79Attributable to equity holders of the parent (3,326) 1,010(in EUR)Earnings per share 11.16.- basic (2.54) 0.57- diluted (2.54) 0.57The notes on pages 106 to 210 are an integral part of these consolidated financial statements.Additional information100Dexia Annual report 2009