GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

NOTE 6

OPERATING PROPERTY

31.12.2018

31.12.2017

Property

SCI units

Total

Property

SCI units

Total

(in millions of euros)

555

10

565

581

10

591

Opening grossvalue

Acquisitions

3

3

2

2

Change in scope of consolidation Assetscapitalised in the year Transfer from/to investmentproperty

10

10

5

5

(30)

(30)

Foreignexchangeadjustments

(1) (2)

(1) (2)

(1) (1)

(1) (1)

Outwardreinsurance

Other Closing gross value

566

10

576

555

10

565

Openingcumulativeamortisation & impairment

(102)

(102)

(104)

(104)

Increase

(12)

(12)

(12)

(12)

Change in scope of consolidation Transfer from/to investmentproperty

11

11

Decrease

4

4

3

3

Other Closing cumulative amortisation & impairment

(109)

(109)

(102)

(102)

Openingcumulative long-term impairment

(85)

(85)

(69)

(69)

Long-term impairment recognised

(13)

(13)

(17)

(17)

Change in scope of consolidation Transfer from/to investmentproperty Long-term impairment write-backs Closing cumulative long-term impairment

7

(99)

(99)

(85)

(85)

Openingnetvalue

368

10

378

408

10

418

Closing netvalue

358

10

368

368

10

378

Closing fair value of operating property

589

16

605

570

17

587

UNREALISED CAPITALGAINS/LOSSES

231

6

237

201

7

208

The additional allocations to reserves for impairment mainly concernbuildingsheld by Groupama Gan Vie.

Note 6.1

Operating property – by operating segment

31.12.2018

31.12.2017

Property

SCI units

Property

SCI units

Inter- national

Inter- national

Inter- national

Inter- national

France

Total

France

Total

France

Total

France

Total

(in millions of euros)

Gross value

457 109 566

10

10 445 110 555

10

10

Cumulative amortisation & impairment

(94) (94)

(15)

(109)

(88) (81)

(14)

(102)

Long-term impairment

(5)

(99)

(5)

(85)

Closing netvalue

269

89 358

10

10 277

91 368

10

10

Closing fair value of operating property

499

89 589

16

16 481

89 570

17

17

UNREALISED CAPITAL GAINS/LOSSES

231

0 231

6

6 204

(3)

201

7

7

215

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES