CFM INDOSUEZ Wealth Management - 2020 Annual Report

INCOME STATEMENT 143 INCOME STATEMENT (in thousands of euros) NOTES 31/12/2020 31/12/2019 Net interest and similar income 35,067 47,637 Interest and similar income 21 38,933 66,441 Interest and similar expenses 21 -3,866 -18,804 Income from variable income securities 22 13,977 15,690 Net fees and commissions 67,965 61,482 Fee and commission income 23 73,260 67,060 Fee and commission expenses 23 -5,295 -5,578 Net income from financial transactions 14,435 18,420 Gains or losses on trading portfolio transactions 24 14,326 18,306 Gains or losses on investment and similar portfolio transactions 25 109 114 Other net banking operating income -20,407 -20,784 Other banking operating income 26 2,414 2,384 Other banking operating expenses 26 -22,821 -23,168 NET BANKING INCOME 111,037 122,445 Operating expenses 27 -81,791 -87,296 Amortisation and depreciation and impairment of property, plant and equipment and intangible assets 9 -3,648 -2,848 GROSS OPERATING INCOME -25,598 32,302 Cost of risk 28 -1,453 -1,174 OPERATING INCOME 24,145 31,128 Gains or losses on long-term investments 29 6 31,878 CURRENT INCOME BEFORE TAX 24,151 63,005 Non-recurring income 0 0 Income tax -3,790 -5,937 NET INCOME FOR THE YEAR 20,361 57,069