GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

7.1.6

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

SUMMARY Significant events and post-balance sheet events 1

146

Consolidation principles, methods and scope 2

147

Accounting principles and valuation methods used 3

150

Notes to the financial statements 4

161

Note 1

Technical liabilities related to insurance Note 26 policies Technical liabilities related to financial Note 27 contracts

Segment reporting

161

205

Goodwill Note 2

164

Held-for-sale or discontinued business Note 3 activities

210

167

Change in actuarial reserves for life Note 28

Other intangible assets Note 4

167

insurance policies and financial contracts – by operating segment

211

Investment property excluding unit-linked Note 5 investments

169

Deferred profit sharing liabilities Note 29

212

Operating property Note 6

171

Debts arising from insurance or inward Note 30 reinsurance transactions Debts arising from outward reinsurance Note 31 transactions Current taxes payable and other tax Note 32 liabilities

212

Financial investments (excluding unit-linked Note 7 items) Investments representing commitments in Note 8 unit-linked investments Asset and liability derivative instruments Note 9 and separate embedded derivatives Uses and sources of funds for financial Note 10 sector business activities Investments in related companies and joint Note 11 ventures

173

212

185

213

186

IFRS 16 rent liabilities Note 33

213

Other debt Note 34

214

187

Analysis of premium income Note 35

216

Investment income net of management Note 36 expenses

188

218

Share of outward reinsurers and Note 12

Insurance policy servicing expenses Note 37

retrocessionaires in liabilities related to insurance policies and financial contracts

222

190

Outward reinsurance income (expenses) Note 38

223

Other property plant and equipment Note 13

191

Operating expenses Note 39

224

Deferred acquisition costs Note 14

192

Policy acquisition costs Note 40

226

Deferred taxes Note 15

193

Administrative costs Note 41

227

Receivables from insurance or inward Note 16 reinsurance transactions Receivables from outward reinsurance Note 17 operations

Other income and expenses from current Note 42 operations Other income and expenses from Note 43 non-current operations

194

228

195

228

Reinsurer default risk Note 18

195

Financing expenses Note 44

229

Current tax receivables and other tax Note 19 receivables

Breakdown of tax expenses Note 45

229

196

Related parties Note 46

230

Other receivables Note 20

197

Employees of consolidated companies Note 47

237

Cash and cash equivalents Note 21

198

Commitments given and received Note 48

238

Group’s equity, minority interests Note 22

199

Risk factors and sensitivity analyses Note 49

239

Contingent liabilities Note 23

200

Statutory auditors’ fees Note 50

255

Information pertaining to personnel benefits Note 24 – defined-benefit plans

201

List of entities in the scope of consolidation Note 51 and major changes to the scope of consolidation

Financing debt Note 25

204

256

145

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES