GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Pursuant to Article 28 of CommissionRegulation(EC) 809/2004of 29 April 2004, the following informationhas been incorporatedby reference in this universal registration document: the consolidated financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2018 and the ● correspondingstatutory auditors’ report appear on pages 182 to 285 and 286 to 289, respectively,of registration document No. D.19-0382 filed with the AMF on 25 April 2019; the consolidated financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2017 and the ● correspondingstatutoryauditors’report appear on pages 180to 293 and 294 to 298, respectively,of the registrationdocumentno D.18-0403 filed with the AMF on 26 April 2018.

7.1

CONSOLIDATED FINANCIAL STATEMENTS

AND NOTES

7.1.1

CONSOLIDATED BALANCE SHEET

Assets ı

31.12.2019

31.12.2018

(in millions ofeuros)

Goodwill

Note 2

1,791

1,900

Other intangibleassets

Note 4

245

235

Intangibleassets

2,035

2,136

Investmentpropertyexcludingunit-linkeditems

Note 5

930

882

Unit-linkedinvestmentproperty

Note 8

105

110

Operatingproperty

Note 6

566

368

Financial investmentsexcludingunit-linkeditems

Note 7

71,612

68,053

Unit-linkedfinancial investments

Note 8

10,392

8,935

Derivativesand separateembeddedderivatives

Note 9

138

114

Insurancebusinessinvestments

83,743

78,462

Funds used in bankingsector activitiesand investmentsof other business activities

Note 10

121

112

Investmentsin relatedcompaniesand joint ventures

Note 11

299

485

Share of outwardreinsurersand retrocessionairesin liabilitiesrelatingto insuranceand financialcontracts

Note 12

1,563

1,488

Other property,plant and equipment

Note 13

194

183

Deferredacquisitioncosts

Note 14

165

168

Deferredprofit-sharingassets Deferredtax assets

Note 15

64

39

Receivablesarising from insuranceand inward reinsuranceoperations

Note 16

2,150

2,070

Receivablesfrom outwardreinsuranceoperations

Note 17

182

171

Current tax receivablesand other tax receivables

Note 19

239

289

Other receivables

Note 20

2,282

2,166

Other assets

5,275

5,086

Assetsheld for sale and discontinuedbusinessactivities

Note 3

115

150

Cash and cash equivalents

Note 21

419

587

TOTAL

93,571

88,506

138

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES