Annual report 2009 - Dexia.com

Management reportConsolidatedfinancial statementsMINORITY INTERESTCoreequityGains and lossesnot recognisedMinorityinterestDISCRETIONARYPARTICIPATIONin theFEATURESstatement ofOF INSURANCE(in millions of EUR)incomeCONTRACTSAS AT 31 DECEMBER 2007 1,721 33 1,754 115Movements of the period- Increase of capital 97 97- Dividends (62) (62)- Net income for the period 78 78- Net change in fair value through equity (118) (118) (115)- Cancellation of FV following AFS disposals 5 5- Net change in fair value due to transfersto income 4 4- Translation adjustments 4 4- Variation of scope of consolidation (79) 15 (64)- Amortization of net fair value on reclassifiedportfolio in application of IAS 39 amended 3 3- Others 1 1AS AT 31 DECEMBER 2008 1,756 (54) 1,702 0Core shareholders’ equity 17,488Gains and losses not recognised in the statementof income attributable to equity holders of the parent (13,572)Minority interest 1,702TOTAL EQUITY AS AT 31 DECEMBER 2008 5,618Annual financial statementsCORE SHAREHOLDERS’ EQUITY Subscribed Additional Treasury Reserves NetCorecapital paid-in shares and retained income for shareholders’(in millions of EUR)capitalearnings the periodequityAS AT 31 DECEMBER 2008 8,089 13,618 (23) (870) (3,326) 17,488Movements of the period- Issuance of subscribed capital (1) (1)- Trading activities on treasury shares (2) (2)- Transfers to reserves (3,326) 3,326 0- Share based payments:value of employee services 9 9- Variation of scope of consolidation (5) (5)- Other movements (1) (1)- Net income for the period 1,010 1,010AS AT 31 DECEMBER 2009 8,089 13,618 (25) (4,194) 1,010 18,498Additional informationThe notes on pages 106 to 210 are an integral part of these consolidated financial statements.102Dexia Annual report 2009