CFM INDOSUEZ Wealth Management - 2019 annual report

50 CFM Indosuez Wealth Management (in thousands of euros) NOTES 31/12/2019 31/12/2018 Interest and similar income 4.1 72,343 61,104 Interest and similar expenses 4.1 -25,013 -18,843 Fee and commission income 4.2 71,164 71,149 Fee and commission expenses 4.2 -10,540 -10,015 Net gains or losses on financial instruments at fair value through profit or loss 4.3 18,972 16,499 Net gains or losses on assets / liabilities held for trading 6,830 3,775 Net gains or losses on other assets / liabilities at fair value through profit or loss 12,142 12,724 Net gains or losses on financial instruments at fair value through other comprehensive income 4.4 -87 -213 Net gains or losses on debt instruments recognised in other comprehensive income recyclable to income -87 -214 Compensation of equity instruments recognised in other comprehensive income not recyclable to income (dividends) 0 1 Net gains or losses resulting from the derecognition of financial assets at amortised cost Net gains or losses resulting from the reclassification of financial assets at amortised cost as financial assets at fair value through profit or loss Net gains or losses resulting from the reclassification of financial assets at fair value through other comprehensive income as financial assets at fair value through profit or loss Income from other activities 4.5 2,383 2,194 Expenses from other activities 4.5 -1,841 -1,630 Reclassification of net gains or losses on financial assets under the overlay approach Net banking income 127,381 120,245 Operating expenses 4.6 -90,567 -89,768 Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 4.7 -4,449 -2,187 Gross operating income 32,365 28,290 Cost of risk 4.8 -1,279 -1,258 Operating income 31,086 27,032 Share of net income of companies accounted for by the equity method Net gains or losses on other assets 4.9 31,878 -16 Changes in the value of goodwill Income before tax 62,964 27,016 Income tax 4.10 -13,791 -4,033 Income after tax from discontinued operations Net income 49,173 22,983 Non-controlling interests 99 0 NET INCOME, GROUP SHARE 49,074 22,983 C o n s o l i d a t e d i n c o m e s t a t e m e n t