GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Operating property Note 6

31.12.2019

31.12.2018

Property Right of use

SCI units

Total

Property

SCI units

Total

(in millions ofeuros)

Openinggross value

566

10

576

555

10

565

Acquisitions

1

236

236

3

3

Change in scope of consolidation Assets capitalisedin the year

19

19

10

10

Transferfrom/to investmentproperty

(1)

(1)

Foreign exchangeadjustments

(1)

(1)

(1)

(1)

Outwardreinsurance

(71)

(71)

(2)

(2)

Other Closinggross value

514

235

10

759

566

10

576

Openingcumulativeamortisation & impairment

(109)

(109)

(102)

(102)

Increase

(6)

(27)

(33)

(12)

(12)

Change in scope of consolidation Transferfrom/to investmentproperty Decrease

22

22

4

4

Other Closingcumulativeamortisation& impairment

(93)

(27)

(120)

(109)

(109)

Openingcumulativelong-termimpairment

(99)

(99)

(85)

(85)

Long-termimpairmentrecognised

(13)

(13)

Change in scope of consolidation Transferfrom/to investmentproperty Long-termimpairmentwrite-backs

26

26

Closingcumulativelong-termimpairment

(73)

(73)

(99)

(99)

Openingnet value

358

10

368

368

10

378

Closingnet value

348

208

10

566

358

10

368

Closingfair value of operatingproperty

574

208

15

796

589

16

605

UNREALISEDCAPITALGAINS (LOSSES)

226

0

5

231

231

6

237

Divestments and reserve reversals for the fiscal year are mainly relatedto the sale of a Paris suburbpropertyby GroupamaGan Vie.

It should be noted that the Group has applied IFRS 16 since 1 January2019: leases are now recognisedas an asset as well as a liability forthe rent paymentobligation.

171 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES

Made with FlippingBook Ebook Creator