GROUPAMA / 2018 Registration document

7 FINANCIAL STATEMENTS

CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

NOTE 7

FINANCIAL INVESTMENTS (EXCLUDING UNIT-LINKED ITEMS)

31.12.2018

31.12.2017

Net value

Net value

(in millions of euros)

Assets valuedat fairvalue

66,824

68,216

Assetsvaluedat amortisedcost

1,229

1,166

TOTAL FINANCIAL INVESTMENTS EXCLUDING UNIT-LINKED ITEMS

68,053

69,382

The bond security repurchase agreement activity was €4,526 million versus €4,518 million at 31 December 2017. The cash from these repurchase agreements is invested in specificfunds held directly.

Note 7.1

Investments valued at fair value – by operating segment

31.12.2018

Net amortised cost

Fair value  (1)

Bonds issued by EU Member States

Inter- national

Inter- national

Inter- national

France

Total

France

Total

France

Total

(in millions of euros)

Available-for-sale assets Equitiesandothervariable-income investments 1,923

286 2,210 2,389

302 2,690

465

15

481

Bonds andotherfixed-income investments 41,794 4,734 46,528 46,578 4,931 51,509 4,785

196 4,981

Other investments Total available-for-sale assets

43,717 5,021 48,738 48,967 5,232 54,199 5,250

211 5,462

Tradingassets Equitiesandothervariable-income investments classified as “trading” Equities andothervariable-income investments classified as “held fortrading” Bonds and otherfixed-income investments classified as “trading” Bonds and otherfixed-income investments classified as “held fortrading”

30

30

30

30

325

1

326

325

1

326

2

3

2

3

4,058

186 4,244 4,058

186 4,244

Cash mutual funds classifiedas “trading”

5,416

13 5,430 5,416

13 5,430

Cash mutual funds classifiedas “held for trading”

2,549

44 2,593 2,549

44 2,593

Other investments classified as “trading” Other investments classified as “held for trading” Total trading assets

12,380

245 12,625 12,380

245 12,625

TOTAL INVESTMENTS VALUED AT FAIRVALUE

56,097 5,266 61,363 61,348 5,477 66,824 5,250

211 5,462

For investments valued at fair value, the net value in the balance sheet corresponds to the fair value. (1)

216

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES