GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Liabilities ı

31.12.2019

31.12.2018

(in millions ofeuros)

Equity or equivalentfunds

3,618

3,618

Revaluationreserves

1,773

1,010

Perpetualsubordinateddebts categorisedas group’s equity

1,100

1,100

Other reserves

(14)

(234)

Foreign exchangeadjustments

(505)

(538)

Consolidatedincome

104

319

Group’sequity (Groupshare)

6,076

5,274

Non-controllinginterests

30

52

Total group’sequity

Note 22

6,106

5,326

Reservesfor contingentliabilities

Note 23

356

384

Financingdebt

Note 25

1,630

1,633

Technicalliabilitiesrelatingto insurancepolicies

Note 26

58,041

56,203

Technicalliabilitiesrelatingto financialcontracts

Note 27

12,227

12,744

Deferredprofit-sharingliabilities

Note 29

5,494

3,804

Resourcesfrombankingsector activities

Note 10

14

7

Deferredtax liabilities

Note 15

323

67

Debts to unit holders of consolidatedmutual funds

1,174

118

Operatingdebts to banking sector companies

Note 21

49

11

Debts arising from insuranceor inward reinsuranceoperations

Note 30

831

832

Debts arising from outwardreinsuranceoperations

Note 31

352

374

Current taxes payable and other tax liabilities

Note 32

125

110

Derivative instrumentliabilities

Note 9

636

601

IFRS 16rent liabilities

Note 33

211

Other debts

Note 34

6,001

6,292

Other liabilities

9,703

8,406

Liabilitiesof held-for-saleor discontinuedbusinesses

Note 3

TOTAL

93,571

88,506

139

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES