CFM INDOSUEZ Wealth Management - 2020 Annual Report

115 31/12/2019 (in thousands of euros) Gains Losses Net Fair value hedges 0 0 0 Changes in the fair value of hedged items attributable to hedged risks Changes in fair value of hedging derivatives (including hedge terminations) Cash flow hedges 0 0 0 Changes in fair value of hedging derivatives - ineffective portion Hedges of net investments in foreign operations 0 0 0 Changes in fair value of hedging derivatives - ineffective portion Fair value hedging of the interest rate risk exposure of a portfolio of financial instruments 8,179 -8,179 0 Changes in fair value of hedged items -8,179 -8,179 Changes in fair value of hedging derivatives 8,179 8,179 Cash flow hedging of the interest rate risk exposure of a portfolio of financial instruments 0 0 0 Changes in the fair value of the hedging instrument - ineffective portion Total profit/loss from hedge accounting 8,179 -8,179 0 4.4 NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (in thousands of euros) 31/12/2020 31/12/2019 Net gains or losses on debt instruments recognised in equity recyclable to income 0 -87 Compensation of equity instruments recognised in equity not recyclable to income (dividends) 0 0 Net gains or losses on financial instruments at fair value through equity 0 -87 4.5 NET INCOME AND EXPENSES FROM OTHER ACTIVITIES (in thousands of euros) 31/12/2020 31/12/2019 Gains or losses on non-operating non-current assets -136 0 Other net income from insurance activities 0 0 Change in technical reserves of insurance companies 0 0 Net income from investment properties 0 0 Other net income (expenses) 727 542 Net income (expenses) from other activities 591 542 4.6 OPERATING EXPENSES (in thousands of euros) 31/12/2020 31/12/2019 Personnel expenses -53,780 -57,219 Taxes and statutory contributions -457 -935 External services and other operating expenses -31,022 -32,413 Operating expenses -85,259 -90,567