GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

7.4

Reserves for impairment of investments

31.12.2019

31.12.2018

Gross

Reserves

Net

Gross

Reserves

Net

(in millionsof euros)

Available-for-sale assets Equitiesandothervariable-income investments Bondsandotherfixed-income investments Otherinvestments TOTALAVAILABLE-FOR-SALE ASSETS Financialinvestmentsvaluedat amortisedcost FINANCIAL INVESTMENTS VALUED AT AMORTISEDCOST

2,377

(203)

2,174

2,458

(248)

2,210

47,566

(4)

47,562

46,531

(3)

46,528

49,943

(207)

49,736

48,988

(250)

48,738

1,327

(1)

1,326

1,230

(1)

1,229

1,327

(1)

1,326

1,230

(1)

1,229

Total reserves for long-term impairment on investmentsmeasured at fair value were €207 million, compared with €250 million at 31 December2018. Regarding equities, a reserve of €120 million was established for strategicsecurities.

The amount of reserves for long-term impairment on investments valued at amortised cost is unchanged and remainsat €1 million. Reserves were determined in accordancewith the rules set out in paragraph 3.2.1 of the accounting principles.

7.5

Financial investments – by currency

31.12.2019

Euro

Dollar

Pound

Other

Total

(in millionsof euros)

Available-for-sale assets Equitiesandothervariable-income investments Bondsandotherfixed-income investments

1,951

394

7

737 601

3,089

53,783

34

199

54,616

Otherinvestments Totalavailable-for-sale assets

55,734

427

206

1,338

57,705

Tradingassets Equitiesandothervariable-income investments classifiedas “trading” Equities andothervariable-income investments classifiedas “heldfor trading” Bonds andotherfixed-income investmentsclassified as “trading” Bondsandotherfixed-income investmentsclassified as “heldfor trading” Cash mutualfundsclassifiedas “heldfor trading” Other investmentsclassifiedas “trading” Otherinvestmentsclassifiedas “heldfor trading” Totaltradingassets Cashmutualfundsclassifiedas “trading”

2

2

339

339

1

1

3,785 5,911 2,514

6

3,792 5,933 2,514

23

12,552

23

6

12,581

Loansandreceivables Loans

76

40

116

Deposits

939

213

1,152

Otherinvestments

48

10 10

58

Totalloansandreceivables

1,063

253

1,326

TOTALFINANCIAL INVESTMENTS (NETOFDERIVATIVESANDUNIT-LINKED ITEMS)

69,349

461

206

1,597

71,612

The abovefiguresdo not include thehedging in place forforeign exchange risk (forward currency salesor currency swaps).

177 Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES