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
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