GROUPAMA / 2018 Registration document

FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AND NOTES

Note 37.2

Operating expenses – by business sector

31.12.2018

31.12.2017

Financial businesses

Financial businesses

Insurance

Total

Insurance

Total

(in millions of euros)

Externalexpenses

(532)

(41)

(573)

(487)

(41)

(528)

Taxes

(137) (790)

(6)

(143) (851)

(132) (786)

(6)

(138) (845)

Personnel expenses

(60)

(60)

Commissions

(1,455)

(1,455)

(1,426)

(1,426)

Amortisation and reserves (net of write-backs)

(87)

(4)

(91)

(86)

(3)

(89)

Other expenses

(53)

(13)

(65)

(68)

(11)

(78)

TOTAL OPERATING EXPENSES BY NATURE

(3,054)

(124)

(3,179)

(2,985)

(120)

(3,105)

Breakdown of employee expenses Note 37.3

31.12.2018

31.12.2017

(in millions of euros)

Salaries

(518)

(509)

Social security expenses

(191)

(195)

Post-employment benefits Defined contribution plans

(47)

(47)

Defined benefit plans

(7)

(5)

Anniversary days and employee awards

(2)

(4)

Other personnel benefits

(85)

(85)

7

ANNUAL SALARY EXPENSES

(851)

(845)

At 31 December2018, the gross annual remuneration(includingbenefits in kind) paid to membersof the GroupamaAssurancesMutuelles Committee was €7.1 million.As regardsthe pension plan, the totalcommitment at31 December 2018amountedto €17.2 million.

269

REGISTRATION DOCUMENT 2018 - GROUPAMA ASSURANCES MUTUELLES