GROUPAMA / 2018 Registration document
7 FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS AND NOTES
31.12.2018
31.12.2017
(in millions of euros)
Operating income before taxes
598
76
Capitalgains (losses) on the sale of investments Net allocations to amortisation and depreciation
(414)
(236)
145 (38)
142
Change in deferred acquisition costs
44
Change in impairment
(3)
(139)
Net allocations to technicaliabilities related to insurance policies and financialcontracts
(633)
856
Net allocations totherreserves
(68)
32
Change in fair valueof financialinstruments and investments recognised atf ir valuethroughincome (excludingcash andcash equivalents)
785
(657)
Othernon-cash items included in operating income
34
40
Correction of elements included in the operating comeotherthan cash flows and reclassification of investment and financing flows
(192)
81 69 (7) 61
Change in operating receivables and payables Change in banking operating receivables and payables
175
(9) 91
Change in repo and reverse-repo securities Cash flows from otherassetsand liabilities
(18)
(16) (34) 231 753 (64) 689
Net tax paid
(104)
NET CASH FLOWS FROM OPERATING ACTIVITIES
541
Acquisitions/divestments of subsidiaries and joint ventures, netof cash acquired/transferred
52
Stakesin relatedcompaniesacquired/divested Cashflows due to changes in scopeof consolidation
(58)
(6)
Net acquisitions of financialinvestments (including unit-linked investments) and derivatives
(1,057)
(961)
Net acquisitions of investmentproperty
444
143
Net acquisitions and/orissues of investments and derivatives relatingto otheractivities Othernon-cash items
39
(29)
Cashflows from acquisitions and issues of investments
(573) (182)
(846) (171)
Net acquisitions ofproperty,plantand equipment, intangible fixedassetsand operating property Cashflows from acquisitions and disposals of pr perty, plant and equipment and intangible fixedassets
(182)
(171)
NET CASH FLOWS FROM INVESTMENT ACTIVITIES
(762)
(328)
Membership fees Issueof capital instruments
43 (8)
Redemptionof equity instruments (2) Transactions involving own shares Dividendspaid (1) Cash allocated to financialdebt Interest paid on financialdebt Cashflows from group financing
(414)
(65) (30) 495 (85) 410
(55)
Cashflows from transactions with shareholders and members
(469)
386 (88) 298
(2)
Financingcash flows from activities tobe sold ordiscontinued NET CASH FLOWS FROM FINANCING ACTIVITIES
380
(171)
CASH AND CASH EQUIVALENTS AT 1 JANUARY
445 541
621 231
Net cashflows from operating activities Net cashflows from investment activities Net cashflows from financing activities
(762)
(328) (171)
380
Cash flows from soldor discontinued assetsand liabilities
98 (5)
Effect of foreign exchange changes oncash
(5)
CASH AND CASH EQUIVALENTS AT 31 DECEMBER
599
445
They correspond in particular to payment for subordinated securities classified in shareholders’ equity under IFRS. (1) Movements relating to financing activities are detailed in Notes 21.2 and 24.1. (2)
188
REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES
Made with FlippingBook flipbook maker