Annual report 2009 - Dexia.com

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Notes to the consolidated fi nancial statements9.8. Minority interest – Core equityManagement reportAS AT 1 JAN. 2008 1,721- Increase of capital 97- Dividends (62)- Net income for the period 78- Variation of scope of consolidation (79)- Other 1AS AT 31 DECEMBER 2008 (1) 1,756AS AT 1 JAN. 2009 1,756- Increase of capital 2- Dividends (10)- Net income for the period 79- Variation of scope of consolidation (14)AS AT 31 DECEMBER 2009 (1) 1,813(1) This amount includes:- the undated deeply subordinated non-cumulative Notes for EUR 700 million, issued by DCL and booked for 698 million;- the undated subordinated non-cumulative Notes for EUR 500 million, issued by Dexia Funding Luxembourg and booked for EUR 498 million.Consolidatedfinancial statementsWithin the context of the extension of the States guarantee in favour of Dexia, Dexia didn’t make any payment of any discretionarycoupons on any hybrid Tier 1 instruments classified in minority interest.As a consequence, Dexia Funding Luxembourg and Dexia Crédit Local did not pay the coupons relating to their Tier 1 issues,respectively due 2 November 2009 and 18 November 2009. This leads to a decrease of EUR 37 million in the amount declaredas dividends paid to the minority interests in 2009 by comparison with the amount declared in 2008.Additional informationAnnual financial statements172Dexia Annual report 2009
Notes to the consolidated fi nancial statements9.9. Contribution by activityBankingandotheractivitiesTOTAL Banking31/12/08 31/12/09FSA OtherFP Otheractivities (1) otheractivities (1)insuranceandinsuranceactivitiesI. Cash and balances with central banks 2,448 0 0 2,448 2,673 0 0 2,673II. Loans and advances due from banks 61,805 0 59 61,864 47,011 19 397 47,427III. Loans and advances to customers 359,498 7,543 1,804 368,845 345,551 6,312 2,124 353,987IV. Financial assets measured at fairvalue through profit or loss 11,522 0 4,522 16,044 6,882 0 3,195 10,077V. Financial investments 108,263 1,711 15,055 125,029 90,416 1,732 13,103 105,251VI. Derivatives 54,991 217 5 55,213 40,299 426 3 40,728VII. Fair value revaluation of portfoliohedge 3,938 0 0 3,938 3,579 0 0 3,579VIII. Investments in associates 652 0 30 682 139 0 32 171IX. Tangible fixed assets 2,144 0 209 2,353 2,233 1 162 2,396X. Intangible assets and goodwill 2,061 1 131 2,193 2,053 1 123 2,177XI. Tax assets 2,839 1,047 253 4,139 1,989 831 99 2,919XII. Other assets 1,727 10 261 1,998 1,652 2 241 1,895XIII. Non current assets held for sale 35 6,225 0 6,260 55 0 4,295 4,350TOTAL ASSETS 611,923 16,754 22,329 651,006 544,532 9,324 23,774 577,630I. Due to banks 213,074 46 72 213,192 123,636 84 4 123,724II. Customer borrowings and deposits 108,181 6,344 203 114,728 116,941 3,509 500 120,950III. Financial liabilities measured at fairvalue through profit or loss 9,608 6,147 3,197 18,952 12,085 4,139 3,121 19,345IV. Derivatives 76,029 (196) 1 75,834 57,917 447 0 58,364V. Fair value revaluation of portfoliohedge 1,543 0 0 1,543 1,939 0 0 1,939VI. Debt securities 188,120 0 0 188,120 213,065 0 0 213,065VII. Subordinated debts 4,360 0 47 4,407 4,063 0 48 4,111VIII. Technical provisions of insurancecompanies 3 0 16,736 16,739 16 0 13,392 13,408IX. Provisions and other obligations 1,197 0 290 1,487 1,156 106 319 1,581X. Tax liabilities 274 0 28 302 231 0 7 238XI. Other liabilities 4,035 72 286 4,393 4,236 7 342 4,585XII. Liabilities included in disposal groupsheld for sale 0 5,691 0 5,691 0 0 4,332 4,332TOTAL LIABILITIES 606,424 18,104 20,860 645,388 535,285 8,292 22,065 565,642(1) Dexia Insurance Belgium Group and DenizEmeklilik ve Hayat AS.TOTALManagement reportConsolidatedfinancial statementsAnnual financial statementsAdditional informationAnnual report 2009 Dexia 173
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Group profi leSIMPLIFIED GROUP STRU
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Group profi leQUALITY OF RISKS Dexi
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In accordance with the agreement wi
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2009 and early 2010 highlightsExit
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2009 and early 2010 highlightsCreat
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Corporate governanceIntroduction: t
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Corporate governanceThe European Ad
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Corporate governanceNAMEPIERREMARIA
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Corporate governanceNAMEROBERTDE ME
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Corporate governanceNAMESPECIALISTC
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Corporate governanceNAMEKOEN VAN LO
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Corporate governanceNew directors a
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Corporate governanceConsidering tho
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Corporate governancemade and the fi
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Corporate governanceDIRECTORS’ AN
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Corporate governanceOperation and a
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Corporate governanceThe Appointment
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Corporate governanceResponsibilitie
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Corporate governanceVariable compen
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Corporate governancetional entities
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Corporate governance• It identifi
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Shareholder informationStock market
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Shareholder informationPRINCIPAL DE
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Human resourcesAGE PYRAMID> 5955-59
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Sustainable developmentThe 2009 Dex
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Risk managementIntroductionIn 2009,
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Risk managementThe Rating Committee
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Risk managementAsset qualityBy the
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Risk managementBond portfolioDexia
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Risk managementThis good performanc
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Risk managementRisk and control sel
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Risk managementECONOMIC CAPITALBY T
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Financial resultsPreliminary notes
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Financial resultsSolvency31/12/08 3
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Financial resultsAssetsLoans and ad
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Activity and results of the busines
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General information3. Overview of t
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General informationAll the above-me
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General information4.5. Dexia banka
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General information6.3. Notificatio
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Consolidated balance sheet ........
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Additional informationDexia FP Hold
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Dexia’s annual report 2009 has be
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Annual report 2009 - Dexia.com

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