Annual report 2009 - Dexia.com

Notes to the consolidated fi nancial statements7.14. Leasing7.14.1. DEXIA AS A LESSORA. FINANCE LEASEGross investment in finance leases: 31/12/08 31/12/09Not later than 1 year 1,033 1,124Later than 1 year and not later than 5 years 2,308 2,075Later than 5 years 2,615 2,760SUBTOTAL (A) 5,956 5,959UNEARNED FUTURE FINANCE INCOME ON FINANCE LEASES (B) 962 835NET INVESTMENT IN FINANCE LEASES (A)-(B) 4,994 5,124The net investment in finance leases: 31/12/08 31/12/09Not later than 1 year 848 957Later than 1 year and not later than 5 years 1,949 1,756Later than 5 years 2,197 2,412TOTAL 4,994 5,124Management report31/12/08 31/12/09Amount of uncollectible finance lease receivables included in the provision forloan losses at the end of the period 31 37Estimated fair value of finance lease 4,780 4,849Accumulated allowance for uncollectible minimum lease payments receivable 19 27B. OPERATING LEASEFuture net minimum lease receivables under non-cancelable operating leases31/12/08 31/12/09are as follows:Not later than 1 year 36 41Later than 1 year and not later than 5 years 94 92Later than 5 years 55 48TOTAL 185 181Amount of contingent rents recognised in statement of income during the period 1 17.14.2. DEXIA AS A LESSEEA. FINANCE LEASEAmounts involved are immaterial. See note 7.9.B. OPERATING LEASEFuture net minimum lease payments under non-cancelable operating leases31/12/08 31/12/09are as follows:Not later than 1 year 99 108Later than 1 year and not later than 5 years 314 268Later than 5 years 273 232TOTAL 686 608Amount of future minimum sublease payments expected to be received undernon-cancelable subleases at the balance-sheet date 10 8Consolidatedfinancial statementsAnnual financial statementsAdditional informationLease and sublease payments recognised as an expense during the period:- minimum lease payments 159 177- sublease payments (7) (3)TOTAL 152 175Annual report 2009 Dexia 147