CFM Indosuez Wealth Management Annual Report 2022 108 4.3 NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS (in thousands of euros) 31/12/2022 31/12/2021 Dividends received Unrealised or realised gains or losses on assets/liabilities held for trading 2,083 3,908 Unrealised or realised gains or losses on equity instruments at fair value through profit or loss Unrealised or realised capital gains or losses on debt instruments that do not meet SPPI criteria -528 443 Net gains or losses on assets representing unit-linked policies Unrealised or realised gains or losses on assets/liabilities at fair value through profit or loss under option (1) Balance of foreign exchange transactions and similar financial instruments (excluding gains or losses from hedges of net investments in foreign operations) 16,675 6,082 Total gains (losses) from hedge accounting 73 1 Net gains (losses) on financial instruments at fair value through profit or loss 18,303 10,434 (1) Excluding issuer credit spread for liabilities at fair value through profit or loss under option (unless the standard allows for an exception to eliminate or reduce a mismatch in the income statement). The breakdown of gains and losses from hedge accounting is as follows: 31/12/2022 31/12/2021 (in thousands of euros) Profits Losses Net Profits Losses Net Fair value hedges 56,173 -56100 73 0 0 0 Changes in the fair value of hedged items attributable to hedged risks 332 -55841 -55509 0 Changes in the fair value of hedging derivatives (including discontinued hedges) 55,841 -259 55,582 0 Cash flow hedges 0 0 0 0 0 0 Changes in the fair value of hedging derivatives - ineffective portion 0 0 Hedges of net investments in foreign operations 0 0 0 0 0 0 Changes in the fair value of hedging derivatives - ineffective portion 0 0 Fair value hedging of the interest rate risk exposure of a portfolio of financial instruments 89,554 -89554 0 9,687 -9686 1 Changes in fair value of hedged items 89,470 -84 89,386 9,687 9,687 Changes in fair value of hedging derivatives 84 -89470 -89386 -9686 -9686 Hedging the cash flow exposure of a portfolio of financial instruments to interest rate risk 0 0 0 0 0 0 Changes in the fair value of the hedging instrument - ineffective portion 0 0 Total gains and losses from hedge accounting 145,727 -145654 73 9,687 -9686 1 Details of gains (losses) from hedge accounting by type of relationship (fair value hedges, cash flow hedges, etc.) are presented in Note 3.5 “Hedge accounting”.
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