GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

7.1.4

CHANGE IN GROUP’S EQUITY

Share- holders’ equity (Group share)

Share of non- controlling interests

Capital or equivalent

Foreign exchange adjustment

Total group’s equity

Subordinated instruments

Consolidated reserves

Revaluation reserves

funds Result

(in millions of euros)

GROUP’S EQUITY ASOF 31.12.2016

2,088 79

1,514

1,206

1,180

(454)

5,613

57 5,670

Allocation of 2016 income

(79)

79

Dividends  (1)

(51)

(51)

(4)

(55)

Change in capital Businesscombinations Other Impact of transactions with shareholders Foreignexchangeadjustments

(414)

(414)

(414)

(79)

(414)

28

(465)

(4)

(469)

(46)

(46)

(46)

Available-for-sale assets

(712)

(712)

(2)

(714)

Shadow accounting

740

740

3

743

Deferredtaxes

(6)

29

23

23

Actuarialgains (losses) of post-employment benefits

19

19

19

Other

(21)

20

(1)

(1)

Net income for fiscal year

87

87

87

Totalincome(expenses) recognised overtheperiod

87

(9)

77

(46)

109

1

110

Totalchanges over theperiod

8

(414)

19

77

(46)

(356)

(3)

(359)

GROUP’S EQUITY ASOF 31.12.2017

2,088 87

1,100

1,225

1,257

(500)

5,257

54 5,311

Allocation of 2017 income

(87)

87

Dividends  (1)

(60)

(60)

(5)

(65)

Change in capital  (2)

1,530

(1,487)

42

(8)

35

Businesscombinations

1

1

Other Impact of transactions with shareholders Foreignexchangeadjustments

1,530 (87)

(1,460)

(18)

(12)

(30)

(38)

(38)

(38)

Available-for-sale assets

(1,643)

(1,643)

(8)

(1,651)

Shadow accounting

1,271

1,271

5 1,275

Deferredtaxes

(5)

125

120

1

121

Actuarialgains (losses) of post-employment benefits

14

14

14

Other

(7)

(7)

(7)

Net income for fiscal year

319

319

12

330

Totalincome(expenses) recognised overtheperiod

319

2

(248)

(38)

34

10

44

Totalchanges over theperiod

1,530 231

(1,458)

(248)

(38)

17

(2)

14

GROUP’S EQUITY ASOF 31.12.2018

3,618 319

1,100

(234)

1,010

(538)

5,274

52 5,326

These being dividends that impact the change in shareholders’ equity (group share), they are treated in particular as compensation for subordinated (1) instruments classified as shareholders’ equity according to IFRS rules. The change in capital is due to the conversion of Groupama SA into a mutual insurance company on 7 June 2018. This conversion is detailed in (2) Note 21.

186

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES