CFM Indosuez Wealth Management Annual Report 2022 118 Debt securities N/A Exposure to sovereign risk The scope of sovereign exposure recorded covers exposure to Governments but not including local authorities. Tax debt is excluded from these amounts. Exposure to sovereign debt corresponds to an exposure net of impairment (carrying value) shown both gross and net of hedging. CFM Indosuez Wealth Group had no particular exposure to sovereign risk on 31 December 2022. 6.8 INFORMATION ON THE OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES N/A 6.9 CURRENT AND DEFERRED TAX ASSETS AND LIABILITIES (in thousands of euros) 31/12/2022 31/12/2021 Current taxes 6,240 3,400 Deferred taxes 5,686 2,358 Total current and deferred tax assets 11,926 5,758 Current taxes 8,935 4,663 Deferred taxes 9,193 10,000 Total current and deferred tax liabilities 18,128 14,663 The net amount of deferred tax assets and liabilities breaks down as follows: 31/12/2022 31/12/2021 (in thousands of euros) Deferred tax assets Deferred tax liabilities Deferred tax assets Deferred tax liabilities Temporary accounting-tax temporary differences 587 6,604 567 6,992 Non-deductible accrued expenses 0 6,585 6,992 Provisions for non-deductible risks and contingencies 587 0 455 Other timing differences (1) 0 19 112 Deferred taxes on unrealised reserves 3,577 1,143 345 1,390 Financial assets at fair value through equity 0 0 216 Cash flow hedges 3,582 379 345 539 Gains and losses on actuarial differences 0 766 635 Gains and losses on changes in own credit risk 0 0 Deferred income tax 1,522 1,446 1,447 1,619 Total deferred taxes 5,686 9,193 2,358 10,000
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