GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Pursuant to Article 19 of Regulation (EU) 2017/1129, the following information has been incorporated into this universal registration document: the consolidated financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2019 and the ❯ corresponding statutory auditors’ report appear on pages 138 to 259 and 260 to 263, respectively, of universal registration document number D.20-0370 filed with the AMF on 28 April 2020; the consolidated financial statements of Groupama Assurances Mutuelles for the fiscal year ended 31 December 2018 and the ❯ corresponding statutory auditors’ report appear on pages 182 to 285 and 286 to 289, respectively, of universal registration document number D.19-0382 filed with the AMF on 25 April 2019.

7.1

CONSOLIDATED FINANCIAL STATEMENTS

AND NOTES

7.1.1

CONSOLIDATED BALANCE SHEET

Assets ı

31.12.2020

31.12.2019

(in millions of euros)

Goodwill

Note 2

1,646

1,791

Note 3

266

245

Other intangible assets

Intangible assets

1,912

2,035

Investment property excluding unit-linked items

Note 4

1,091

930

Unit-linked investment property

Note 7

108

105

Operating property

Note 5

624

566

Financial investments excluding unit-linked items

Note 6

71,420

71,612

Unit-linked financial investments

Note 7

11,286

10,392

Derivatives and separate embedded derivatives

Note 8

49

138

Insurance business investments

84,577

83,743

Note 9

134

121

Funds used in banking sector businesses and investmentsoothf er business activities

Investments in related companies and joint ventures

Note 10

254

299

Share of outward reinsurersand retrocessionaires in liabilities relating to insurance policies and financial contracts

Note 11

1,791

1,563

Other property, plant, and equipment

Note 12

200

194

Deferred acquisition costs

Note 13

163

165

Deferred profit-sharing assets Deferred tax assets

Note 14

32

64

Receivables arising from insurance and inward reinsurance operations

Note 15

2,091

2,150

Receivables from outward reinsurance operations

Note 16

249

182

Current tax receivables and other tax receivables

Note 18

318

239

Other receivables

Note 19

2,817

2,282

Other assets

5,871

5,275

Assets held for sale and discontinued business activities

115

Cash and cash equivalents

Note 20

495

419

TOTAL

95,035

93,571

146

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES