GENERAL FRAMEWORK 58 CONSOLIDATED FINANCIAL STATEMENTS 60 Income statement 61 Net income and gains and losses recognised directly in equity 61 Balance sheet assets 62 Balance sheet liabilities 63 Statement of changes in equity 64 Cash flow statement 66 NOTES TO THE FINANCIAL STATEMENTS 68 1 PRINCIPLES AND METHODS APPLICABLE TO THE GROUP, JUDGEMENT AND ESTIMATES USED 68 1.1 Applicable standards and comparability 68 1.2 Accounting principles and policies 68 1.3 Consolidation principles and methods (IFRS 10, IFRS 11 and IAS 28) 84 2 MAIN ORGANISATIONAL CHANGES AND SIGNIFICANT EVENTS OF THE PERIOD 85 3 FINANCIAL MANAGEMENT, RISK EXPOSURE AND HEDGING POLICY 85 3.1 Credit risk 85 3.2 Sovereign risk exposure 102 3.3 Market risk 102 3.4 Liquidity and funding risk 105 3.5 Hedge accounting 106 3.6 Operational risk 110 3.7 Capital management and regulatory ratios 110 4 NOTES ON NET INCOME AND GAINS AND LOSSES RECOGNISED DIRECTLY IN EQUITY 111 4.1 Interest income and expenses 111 4.2 Fee and commission income and expenses 111 4.3 Net gains or losses on financial instruments at fair value through profit or loss 112 4.4 Net gains or losses on financial instruments at fair value through equity 113 4.5 Net gains or losses resulting from the derecognition of financial assets at amortised cost 113 4.6 Net gains or losses on reclassification of financial assets to fair value through profit or loss [if applicable] 113 4.7 Net income (expenses) from other activities 113 4.8 Operating expenses 113 4.9 Depreciation, amortisation and impairment of property, plant and equipment and intangible assets 114 4.10 Cost of risk 115 4.11 Net gains or losses on other assets 115 4.12 Taxes 116 4.13 Change in gains and losses recognised directly in equity 117 5 SEGMENT INFORMATION 118 5.1 Sector information by operating segment 118 5.2 Sector information by geographical area 118 6 NOTES ON THE BALANCE SHEET 118 6.1 Cash and amounts due from central banks 118 6.2 Financial assets and liabilities at fair value through profit or loss 118 6.3 Hedging derivatives 118 6.4 Financial assets at fair value through other comprehensive income 119 6.5 Financial assets at amortised cost 119 6.6 Transferred assets not derecognised or derecognised with on-going involvement 121 6.7 Financial liabilities at amortised cost 121 6.8 Information on the offsetting of financial assets and liabilities 121 Consolidated accounts as at 31 December 2023 CFM Indosuez Wealth Management 56
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