Annual report 2009 - Dexia.com

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Notes to the consolidated fi nancial statements11.6. Fee and commission income and expenseManagement reportConsolidatedfinancial statementsAnnual financial statementsAdditional information31/12/08 31/12/09Income Expense Net Income Expense NetManagement of unit trusts and mutual funds 387 (19) 368 289 (19) 270Administration of unit trusts and mutual funds 138 (15) 123 114 (12) 102Insurance activity 74 (5) 69 62 (4) 58Credit activity 189 (21) 168 173 (13) 160Purchase and sale of securities 106 (22) 84 100 (15) 86Purchase and sale of unit trusts and mutual funds 35 (9) 26 20 (4) 16Payment services 253 (81) 172 263 (89) 174Commissions to not exclusive brokers 26 (19) 7 24 (19) 5Financial engineering 38 (6) 32 30 (1) 29Services on securities other than safekeeping 38 (8) 30 33 (7) 26Custody 195 (44) 151 166 (37) 129Issues and placements of securities 24 (4) 20 26 (2) 24Servicing fees of securitisation 1 0 1 0 0 0Private banking 31 (10) 21 29 (6) 24Clearing and settlement 8 (12) (4) 19 (10) 9Securities lending 74 (28) 46 47 (16) 31Other 139 (22) 117 112 (28) 84TOTAL 1,756 (325) 1,431 1,507 (279) 1,228Fees and commissions related to financial assets and financial liabilities which are not at fair value through profit or loss arebelow materiality.11.7. Technical margin of insurance activitiesPREMIUMS AND TECHNICAL INCOME FROM INSURANCE ACTIVITIES31/12/08 31/12/09Premiums and contributions received 4,416 2,252Claims incurred – part of reinsurers 30 51Changes in technical reserves – part of reinsurers 7 (5)Other technical income 124 414INCOME 4,577 2,710TECHNICAL EXPENSE FROM INSURANCE ACTIVITIES31/12/08 31/12/09Premiums received transferred to reinsurers (216) (125)Premiums and contributions paid (170) (148)Claims incurred (1,754) (1,575)Change in technical reserves (1,864) (1,129)Other technical expenses (509) (82)EXPENSES (4,513) (3,059)180Dexia Annual report 2009
Notes to the consolidated fi nancial statements11.8. Other net income31/12/08 31/12/09Exploitation taxes 3 2Rental income 43 51Other banking income 5 21Other income on other activities (1) 287 284Other income 338 358Exploitation taxes (42) (37)Repair and maintenance on investment properties that generated income duringthe current financial year (1) (2)Other banking expenses (49) (9)Other expense on other activities (2) (299) (292)Other expense (391) (340)TOTAL (53) 17(1) “Other income on other activities” includes other operational income, write-back provisions for legal and other litigation claims and subsidies.(2) “Other expenses on other activities” includes other operational expenses for operating lease (other than rental expenses and contingent rents), depreciationand amortization on office furniture and equipment given in operational lease, other operational expenses, provisions for legal and other litigations claims anddepreciation and amortization on investment property.11.9. Staff expense31/12/08 31/12/09Wages and salaries 1,445 1,360Social security and insurance costs 352 325Pension costs-defined benefit plans 66 48Pension costs-defined contribution plans 30 27Other post-retirement benefits 1 1Stock compensation expense (1) 5 9Long-term employee benefits (6) 4Restructuring expenses 13 1Other expenses 115 72TOTAL 2,021 1,847(1) See note 9.7.(Average FTE) 31/12/08 31/12/09FullyconsolidatedProportionallyconsolidatedTotalFullyconsolidatedProportionallyconsolidatedSenior Executives 476 24 500 440 20 460Employees 24,892 2,663 27,555 24,076 2,714 26,790Other 42 2 44 29 1 30TOTAL 25,410 2,689 28,099 24,545 2,735 27,280TotalManagement reportConsolidatedfinancial statementsAnnual financial statements(Average FTE) as at 31 Dec. 2008 Belgium France Luxembourg Turkey Other Europe USA Other TotalSenior Executives 291 38 74 23 43 15 17 501Employees 9,268 2,506 3,207 8,035 2,420 597 1,521 27,554Other 4 12 0 0 9 14 5 44TOTAL 9,563 2,556 3,281 8,058 2,472 626 1,543 28,099(Average FTE) as at 31 Dec. 2009 Belgium France Luxembourg Turkey Other Europe USA Other TotalSenior Executives 273 38 68 23 36 7 15 460Employees 8,895 2,384 3,076 8,453 2,210 225 1,547 26,790Other 3 17 0 0 5 0 5 30TOTAL 9,171 2,439 3,144 8,476 2,251 232 1,567 27,280Additional informationAnnual report 2009 Dexia 181
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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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Consolidated balance sheetManagemen
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Consolidated statementof incomeMana
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Management reportConsolidatedfinanc
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Consolidated statementof comprehens
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Additional informationGeneral dataN
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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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