GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Liabilities ı

31.12.2020

31.12.2019

(in millions of euros)

Equity or equivalent funds

3,618

3,618

Revaluation reserves

Note 21

2,122

1,773

Perpetual subordinated debts categorised as Group's equity

1,100

1,100

Other reserves

29

(14)

Currency exchange adjustments

(562)

(505)

Consolidated income

49

104

Group’s equity (Group share)

6,356

6,076

Non-controlling interests

63

30

Total Group's equity

6,419

6,106

Reserves for contingencies and charges

Note 22

394

356

Financing liabilities

Note 24

1,632

1,630

Underwriting liabilities relating to insurance policies

Note 25

58,801

58,041

Underwriting liabilities relating to financial contracts

Note 26

11,706

12,227

Deferred profit-sharing liabilities

Note 28

6,002

5,494

Resources from banking sector activities

Note 9

12

14

Deferred tax liabilities

Note 14

538

323

Debts to unit holders of consolidated mutual funds

169

1,174

Operating debts to banking sector companies

Note 20

81

49

Debts arising from insurance or inward reinsurance operations

Note 29

1,094

831

Debts arising from outward reinsurance operations

Note 30

386

352

Current taxes payable and other tax liabilities

Note 31

94

125

Derivative liabilities

Note 8

568

636

IFRS 16 lease liabilities

Note 32

200

211

Other debt

Note 33

6,937

6,001

Other liabilities

10,068

9,703

Liabilities of business activities due to be sold or discontinued TOTAL

95,035

93,571

147

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES