GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Operating expenses – by sector of activity 39.2

31.12.2019

31.12.2018

Financial businesses

Financial businesses

Insurance

Total

Insurance

Total

(in millions ofeuros)

Externalexpenses

(500)

(43)

(543)

(532)

(41)

(573)

Taxes

(143)

(6)

(149)

(137)

(6)

(143)

Personnelexpenses

(801)

(63)

(864)

(790)

(60)

(851)

Commissions

(1,659)

(1,659)

(1,455)

(1,455)

Amortisationand reserves (net of write-backs)

(111)

(3)

(114)

(87)

(4)

(91)

Other expenses

(70)

(10)

(80)

(53)

(13)

(65)

TOTAL OPERATING EXPENSES BY NATURE

(3,285)

(125)

(3,410)

(3,054)

(124)

(3,179)

Breakdown of employee expenses 39.3

31.12.2019

31.12.2018

(in millions ofeuros)

Salaries

(528)

(518)

Social security expenses

(183)

(191)

Post-employmentbenefits

Definedcontributionplans

(50)

(47)

Definedbenefit plans

(6)

(7)

Anniversarydays and employeeawards

(2)

(2)

Other personnelbenefits

(94)

(85)

ANNUALSALARYEXPENSES

(864)

(851)

At 31 December2019, the gross annual remuneration(includingbenefits in kind) paid to membersof the GroupamaAssurancesMutuelles Management Committee was €7.0 million. As regards the pension plan, the total commitment at 31 December 2019 amounted to €22.4 million.

225

Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES