CFM INDOSUEZ Wealth Management - 2019 annual report

3 / I N C O M E S T A T E M E N T F O R T H E Y E A R 2 0 1 9 (in thousands of euros) NOTES 31/12/2019 31/12/2018 Net interest and similar income 47,637 42,704 Interest and similar income 21 66,441 61,469 Interest and similar expenses 21 -18,804 -18,765 Income from variable income securities 22 15,690 29 Net fees and commissions 61,482 62,870 Fee and commission income 23 67,060 67,043 Fee and commission expenses 23 -5,578 -4,173 Net income from financial transactions 18,420 17,416 Gains or losses on trading portfolio transactions 24 18,306 16,753 Gains or losses on investment and similar portfolio transactions 25 114 663 Other net banking operating income -20,784 -23,354 Other banking operating income 26 2,384 2,331 Other banking operating expenses 26 -23,168 -25,685 NET BANKING INCOME 122,445 99,666 Operating expenses 27 -87,296 -84,622 Amortisation and depreciation and impairment of property, plant and equipment and intangible assets 9 -2,848 -2,149 GROSS OPERATING INCOME 32,302 12,896 Cost of risk 28 -1,174 -1,459 OPERATING INCOME 31,128 11,437 Gains or losses on long-term investments 29 31,878 -16 CURRENT INCOME BEFORETAX 63,005 11,421 Non-recurring income Income tax -5,937 -3,988 NET INCOME FORTHEYEAR 57,069 7,433 139 Annual Financial Statements 2019