CFM INDOSUEZ Wealth Management - 2019 annual report

The depreciation and amortisation periods applied are as follows: Component Depreciation/ Amortisation perio Buildings 30 to 50 years Fixtures & fittings 6 to 10 years Furniture & equipment 5 to 10 years Transportation equipment 5 years IT equipment 3 years Software and other intangible non-current assets 1 to 3 years F) Provisions for client-related risk Provisions for client-related risk are recorded in accordance with the risk of loss as soon as those risks are known; these provisions are deducted from assets, where they relate to non-performing receivables. In other cases, they are recorded as liabilities. G) Retirement pensions Retirement pensions payable under the mandatory pension schemes to which employers and employees contribute are paid by specialised external bodies. The contributions due for the financial year are recognised in the income statement for the period. The bank raised the provision for retirement benefits to €3,353 million in 2018. H) Other employee commitments The bonuses for long-service awards paid to employees are included in personnel expenses. The provision corresponding to the entitlements earned by staff in connection with these bonuses amounted to €1,222,000 at the end of the financial year. N o t e 2 Equivalent value of assets and liabilities in foreign currencies (in thousands of euros) 31/12/2019 31/12/2018 Total assets in foreign currencies 1,919,972 2,037,305 Total liabilities in foreign currencies 1,919,718 2,034,595 141 Annual Financial Statements 2019