1 PRINCIPLES AND METHODS APPLICABLE WITHIN THE GROUP, AND JUDGEMENTS AND ESTIMATES USED 1.1 APPLICABLE STANDARDS AND COMPARABILITY Pursuant to EC Regulation no. 1606/2002, the consolidated financial statements have been prepared in accordance with IAS/IFRS standards and IFRIC interpretations applicable as at 31 December 2023 and as adopted by the European Union (carve-out version), thus using certain Given that CFM Indosuez Wealth has no insurance business, IFRS 17 is not expected to have any impact on the consolidated financial statements of CFM Indosuez Wealth. Standards and interpretations not yet adopted by the European Union at 31 December 2023 The standards and interpretations published by the IASB as of 31 December 2023 but not yet adopted by the European Union are not applicable for the Group. They will become mandatory only from the date stipulated by the European Union and have therefore not been applied by the Group as at 31 December 2023. IFRS IC decisions, finalised and approved by the IASB, that may affect the Group No decision with a material impact on the Group at 31 December 2023. exceptions in the application of IAS 39 on macrohedge accounting. These standards and intepretations are available on the European Commission website at the following address: https://ec.europa.eu/info/business-economy-euro/ company-reporting-and-auditing/companyreporting/financial-reporting_en The standards and interpretations are identical to those used and described in the Group’s financial statements as at 31 December 2022. They have been supplemented by the IFRS standards adopted by the European Union as of 31 December 2023, which must be applied for the first time for the 2023 financial year. These cover: 1.2 ACCOUNTING PRINCIPLES AND POLICIES USE OF JUDGEMENTS AND ESTIMATES IN PREPARING THE FINANCIAL STATEMENTS The assessments needed to draw up the financial statements by their nature require certain assumptions to be made and involve risks and uncertainties as to whether they will be met in the future. Future realisations can be influenced by many factors, including: • national and international market activities; • fluctuations in interest rates and foreign exchange rates; • economic and political conditions in certain business sectors or countries; • changes in regulations or legislation. Standards, Amendments or Interpretations First-time application date: financial years starting from: Significant effect on the Group IFRS 17 - IFRS 17 replaces IFRS 4 Insurance Contracts 1 January 2023 No Amendments to IFRS 17 - Comparative information on joint first-time application of IFRS 17 and IFRS 9 1 January 2023 No IAS 1 - Disclosure of Accounting Policies 1 January 2023 No IAS 8 - Definition of Accounting Estimates 1 January 2023 No IAS 12 - Deferred tax relating to assets and liabilities arising from the same transaction 1 January 2023 No IAS 12 - International tax reform - Pillar Two 1 January 2023 No Notes to the financial statements CFM Indosuez Wealth Management 68
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