GROUPAMA / 2018 Registration document

EARNINGS AND FINANCIAL POSITION MANAGEMENT REPORT OF THE BOARD OF DIRECTORS

Standard template of tables used to present information on payment terms of suppliers ı and customers mentioned in Article D. 441-4 of the French Commercial Code Invoices receivedand issued but not yetpaid as of the closing date of the fiscal year andin arrears (table providedfor in Article D.441-4(I)of the French CommercialCode)

Article D. 441 I. – 1° of the French Commercial Code: Invoices received and unpaid as of the end of the fiscal year and in arrears

Article D. 441 I. – 2° of the French Commercial Code: Invoices issued and not yet paid as of the end of the fiscal year and in arrears

Total (1 or more days)

Total (1 or more days)

91 or more days

1 to 30 days

31 to 60 days

61 to 90 days

91 or more days

0 days (indicative)

1 to 30 days

31 to 60 days

61 to 90 days

0 days (indicative)

(A) Payment arrears range Number of invoices concerned Total amount of invoices concerned (specifyexcl. or incl. tax) Percentage of total purchases for the fiscal year (specifyexcl. or incl. tax)

7309

3

102,197,649.24 Incl.tax

10.65 Incl.tax

1,323.36 Incl.tax

1,334.01 Incl.tax

0.00

100.00% Incl.tax

0.00% Incl.tax

0.00% Incl.tax 0.00% 0.00% 0.00%

Percentage of revenue for thefiscal year (specifyexcl. or incl. tax) (B) Invoicesexcluded from(A) relating to disputed and unrecorded payables andreceivables Number of invoices excluded Total amount of invoices excluded (specifyexcl. or incl. tax) (C) Standard payment terms used (contractual or legal p ymentterms

6

– Article L. 441-6 or Article L. 443-1 of the FrenchCommercial Code)

Payment terms used to calculatepaymentarrears Statutory terms: 60 days fromtheinvoice date

- Contractual terms: (specify) - Legalterms (specify)

6.1.9

OUTLOOK

insurance company, Groupama has the strategic flexibility to succeed. The Vision project, which aims to put all the Group’s strengths in a fully focused approach in the implementationof the strategy, isanother response tothis ambition. Focused on serving its members and customers in order to be able to offer them innovative products and quality service, Groupama’s ambition is to become a centre for consolidation of mutual insurance in France and to illustrate its purpose on a daily basis: “We are here to allow as many people as possible build their lives confidently.”

In an unstable macroeconomic environment (trade tensions between the United States and China, uncertain outcome of Brexit, etc.), Groupama implemented a risk management system that would allow it to cope in the event of an adverse situation. Its financial resources andflexibility are suitable. Groupama is confident in its ability to continue its profitablegrowth trajectory, which has made it possible to put mutual insurance back at the heart of its strategy. Thanks to the conversion of the Group’s central body from a public limited company into a mutual

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REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES