CFM INDOSUEZ Wealth Management - 2020 Annual Report

117 4.10 TAXES (in thousands of euros) 31/12/2020 31/12/2019 Current tax expense -3,810 -5,936 Deferred tax income/expense 428 -7,855 Tax expense for the period -3,382 -13,791 4.11 CHANGE IN GAINS AND LOSSES RECOGNISED DIRECTLY IN EQUITY The following table shows the breakdown of income and expenses for the period: Breakdown of gains and losses recognised directly in equity (in thousands of euros) 31/12/2020 31/12/2019 Net gains and losses recognised directly in equity recyclable to income Gains and losses on foreign exchange rate adjustments 0 0 Revaluation differences for the period Transfers to income Other changes Gains and losses on debt instruments recognised in equity recyclable to income 0 -29 Revaluation differences for the period 0 -116 Transfers to income 0 87 Other changes Gains and losses on hedging derivatives 327 -3,352 Revaluation differences for the period 327 -3,352 Transfers to income Other changes Reclassification of net gains or losses on financial assets under the overlay approach 0 0 Revaluation differences for the period Transfers to income Other changes Gains and losses before tax recognised directly in other comprehensive income not recyclable to income of companies accounted for by the equity method 0 0 Taxes on gains and losses recognised directly in equity recyclable to income of companies accounted for by the equity method 0 0 Taxes on gains and losses recognised directly in equity not recyclable to income of companies accounted for by the equity method 0 0 Net gains and losses recognised directly in equity recyclable to income on discontinued operations 0 0 Net gains and losses recognised directly in equity recyclable to income 327 -3,381 Net gains and losses recognised directly in equity not recyclable to income Actuarial gains and losses on post-employment benefits -484 -400 Gains and losses on financial liabilities attributable to changes in own credit risk 0 0 Revaluation differences for the period Transfers to reserves Other changes Gains and losses on equity instruments recognised in equity not recyclable to income 650 -5,288 Revaluation differences for the period 650 -5,288 Transfers to reserves Other changes Taxes on gains and losses recognised directly in equity not recyclable to income of companies accounted for by the equity method Taxes on gains and losses recognised directly in equity not recyclable to income of companies accounted for by the equity method 4,681 Taxes on gains and losses recognised directly in equity not recyclable to income of companies accounted for by the equity method Gains et pertes nets comptabilisés directement en capitaux propres non recyclables sur activités abandonnées Net gains and losses recognised directly in equity not recyclable to income 4,847 -5,688 Net gains and losses recognised directly in equity 5,174 -9,069 o/w Group share o/w non-controlling interests