GROUPAMA / 2019 Universal Registration Document
7 FINANCIAL STATEMENTS Consolidated financial statements and notes
The cash flow statement is presentedaccording to the indirect method model and in accordancewith the presentationrecommendedby the ANC (Frenchaccountingstandardsauthority)in recommendation no 2013-R-05 of 7 November 2013.
Cashflowstatement (in millionsof euros)
31.12.2019
31.12.2018
Operatingincomebeforetaxes
441
598
Capitalgains(losses)on the saleof investments Netallocationsto amortisationanddepreciation
(532)
(414)
164
145 (38)
Changein deferredacquisitioncosts
(2) 21
Changein impairment
(3)
Netallocationsto technicalliabilitiesrelatedto insurancepoliciesandfinancialcontracts
1,590
(633)
Netallocationsto otherreserves
(25)
(68)
Changein fair valueof financialinstrumentsand investmentsrecognisedat fair valuethroughincome (excludingcashandcashequivalents)
(1,445)
785
Othernon-cashitemsincludedin operatingincome
108
34
Correctionof elementsincludedin theoperatingincomeotherthancashflowsandreclassification of investmentandfinancingflows
(121) (245)
(192)
Changein operatingreceivablesandpayables Changein bankingoperatingreceivablesandpayables
175
(3)
(9) 91
Changein repoandreverse-reposecurities Cashflowsfromotherassetsand liabilities
(376)
(74) (77)
(18)
Nettax paid
(104)
NET CASHFLOWSFROMOPERATIONS
(453)
541
Acquisitions/divestments of subsidiariesand jointventures,net of cashacquired/disposed
0
52
Stakesin relatedcompaniesacquired/divested
(66) (66) (36) 611
(58)
Cashflowsdueto changesin scopeof consolidation
(6)
Netacquisitionsof financialinvestments (includingunit-linked investments)andderivatives
(1,057)
Netacquisitionsof investmentproperty
444
Netacquisitionsand/orissuesof investmentsandderivativesrelatingto otheractivities Othernon-cashitems
203 777
39
Cashflowsfromacquisitionsandissuesof investments
(573) (182)
Netacquisitionsof property,plantandequipment, intangiblefixedassetsandoperatingproperty Cashflowsfromacquisitionsanddisposalsof property,plantandequipment andintangiblefixedassets
(444)
(444)
(182) (762)
NET CASHFLOWSFROMINVESTMENT
268
Membership fees Issueof capitalinstruments
43 (8)
Redemptionof equityinstruments (2) Transactions involvingownshares Dividendspaid (1)
(23)
(100) (123)
(65) (30) 495 (85) 410 380 445 541
Cashflowsfromtransactionswithshareholdersandmembers
Cashallocatedto financingliabilities (2)
(5)
Interestpaidon financialdebt
(98) 212 108 (15) 599
Cashgeneratedby IFRS 16rent liabilities Cashflowsfromgroupfinancing NET CASHFLOWSFROMFINANCING
CASHANDCASHEQUIVALENTSAT 1 JANUARY2019
Netcashflowsfromoperations Netcashflowsfrom investment Netcashflowsfromfinancing
(453)
268 (15)
(762)
380
Cashflowsfromsoldor discontinuedassetsand liabilities
(4) (2)
Effectof foreignexchangechangeson cash
(5)
CASHANDCASHEQUIVALENTSAT 31 DECEMBER 2019
393
599
They correspond in particularto payment for subordinated securities classified in group’s equity underIFRS. (1) Movements relating to financing activities ared tailed in Notes 22.2 and 25.1. (2)
144
Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES
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