GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

The Group’s intangible assets are split into two categories: intangible assets related to insurance business; ● other intangible assets. ● Intangible assets related to insurance business Intangible assets related to insurance business primarily correspondto values in force, values of the distributionnetworks,

values of customer relationships and brands. Only the portfolio value in Italyis subjectto amortisation. Other intangible assets Other intangible assets consist primarily of software acquired and developedinternally.

4.1

Other intangible assets – By operating segment

31.12.2019

31.12.2018

Intangible assets related to insurance business

Other intangible assets

Total

Total

France Inter-national

France Inter-national

France Inter-national

France Inter-national

(in millions ofeuros)

Closinggross value

429

1,143

192

1,143

621

1,110

605

Closing cumulative amortisation& impairment

(264)

(977)

(160)

(977)

(424)

(965)

(395)

Closing cumulative long-term impairment

(119)

(119)

(120)

Amortisation and reserves

(382)

(977)

(160)

(977)

(543)

(965)

(516)

NET BOOKVALUE

47

166

32

166

79

145

90

168

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES

Made with FlippingBook Ebook Creator