CFM Indosuez Wealth Management Annual Report 2022 52 / Consolidated financial statements on 31 December 2022 / GENERAL FRAMEWORK 54 Coverage of liquidity and solvency risks, and bank resolution 54 CONSOLIDATED FINANCIAL STATEMENTS 56 Income statement 56 Net income and gains and losses recognised directly in equity 57 Balance sheet assets 58 Balance sheet liabilities 59 Statement of changes in equity 60 Cash flow statement 62 NOTES TO THE FINANCIAL STATEMENTS 64 1 PRINCIPLES AND METHODS APPLICABLE TO THE GROUP, JUDGEMENT AND ESTIMATES USED 64 1.1 Applicable standards and comparability 64 1.2 Accounting principles and policies 65 1.3 Consolidation principles and methods (IFRS 10, IFRS 11 and IAS 28) 80 2 MAIN ORGANISATIONAL CHANGES AND SIGNIFICANT EVENTS OF THE PERIOD 81 3 FINANCIAL MANAGEMENT, RISK EXPOSURE AND HEDGING POLICY 81 3.1 Credit risk 81 3.2 Sovereign risk exposure 98 3.3 Market risk 98 3.4 Liquidity and funding risk 101 3.5 Hedge accounting 102 3.6 Operational risk 106 3.7 Capital management and regulatory ratios 106 4 NOTES ON NET INCOME AND GAINS AND LOSSES RECOGNISED DIRECTLY IN EQUITY 107 4.1 Interest income and expenses 107 4.2 Fee and commission income and expenses 107 4.3 Net gains or losses on financial instruments at fair value through profit or loss 108 4.4 Net gains or losses on financial instruments at fair value through equity 109 4.5 Net gains or losses resulting from the derecognition of financial assets at amortised cost 109 4.6 Net gains or losses on reclassification of financial assets to fair value through profit or loss [if applicable] 109 4.7 Net income (expenses) from other activities 109 4.8 Operating expenses 109 4.9 Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 110 4.10 Cost of risk 111 4.9 Net gains or losses on other assets 111 4.12 Taxes 112 4.13 Change in gains and losses recognised directly in equity 113 5 SEGMENT INFORMATION 114
RkJQdWJsaXNoZXIy NzMxNTcx