GROUPAMA / 2019 Universal Registration Document

7 FINANCIAL STATEMENTS Annual financial statements and notes

Other investments 5.3 These are investments other than thosementioned in 5.1 and5.2, specificallyother shares, bonds andmutual fund units. Statement of movements during the year ı

Amount at 31.12.2018

Inclusionsduring the fiscal year

Removalsduring the fiscal year

Amount at 31.12.2019

Transfers in

Transfers out

(in thousands ofeuros)

Gross values Fixed-incomebonds and mutual funds Variable-incomeequities and mutual funds

1,459,075

181,321

53,137

1,587,259

27,335

(4,239)

1,069

22,027

Cash mutual funds

812,293

2,213,495

2,499,763

526,025

Other

280,994

288,785

149,273

420,506

Total gross amounts

2,579,697

2,679,362

2,703,242

2,555,817

Reserves Fixed-incomebonds and mutual funds Variable-incomeequities and mutual funds

1,888

741

1,147

Total reserves

1,888

741

1,147

TOTALNET AMOUNTS

2,577,809

2,679,362

2,702,501

2,554,670

Inclusions and removals during the year mainly corresponded to transactions involving money-market funds. As noted in Paragraph 3.2.2of Note 3 on accounting principles, long-term impairment is assumed for listed, variable-return securities, particularly: if there was a long-term provision for an investment line in the ● previous publishedstatement;

if the investment has consistently shown a significant ● unrecognised loss from its book value over a period of six consecutivemonthsprior toclosing; there are objective indicators of long-term impairment. ● For fiscal year 2019, a significant unrecognisedloss from its book value is assumed if over a period of six months the security is consistently discountedat 20%off its costprice.

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Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES