GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT
7 FINANCIAL STATEMENTS Consolidated financial statements and notes
Greece: €39 million in 2011 and €9 million in 2012; ❯ Turkey: €88 million in 2016 and €58 million in 2017; ❯ Italy: €102 million in 2019. ❯ During the 2020 fiscal year, Groupama impaired all of the residual goodwill of the Italy CGU for €126 million.
Recall that in fiscal years 2009 to 2019, the Group devalued goodwill by €799 million for the followincgash-generating units: countries of Eastern and Central Europe for a total of ❯ €502 million, including: €113 million in 2009 corresponding to start-up risk in the emergingcountriesof EasternEurope,where the OTP Bank group is active, €79 millionin 2010, €51 millionin 2011, and €260 million in 2012;
Other intangible assets Note 3
31.12.2020
31.12.2019
Intangible assets related to insurance business
Intangible assets related to insurance business
Other intangible assets
Other intangible assets
Total
Total
(in millions of euros)
Opening gross value
430
1,335
1,764
435
1,280
1,715
Increase
106
106
135
135
Decrease
(6)
(6)
(79)
(79)
Currency exchange adjustments
(15)
(9)
(24)
(6)
(3)
(8)
1
1
Change in scope of consolidation
Closing gross value
415
1,425
1,840
430
1,335
1,764
Opening cumulative amortisation
(264)
(1,137)
(1,401)
(253)
(1,107)
(1,359)
Increase
(16)
(62)
(77)
(16)
(63)
(78)
Decrease
1
1
31
31
Currency exchange adjustments
13
6
19
5
2
7
Change in scope of consolidation Closing cumulative amortisation
(266)
(1,191)
(1,458)
(264)
(1,137)
(1,401)
Opening cumulative long-term impairment
(119)
(119)
(119)
(1)
(121)
Long-term impairment recognised Long-term impairment write-backs
1
1
Currency exchange adjustments
2
2
1
1
Change in scope of consolidation Closing cumulative long-term impairment
(117)
(117)
(119)
0
(119)
OPENING NET VALUE
47
198
245
63
172
235
CLOSING NET VALUE
31
234
266
47
198
245
174
Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES
Made with FlippingBook - Online Brochure Maker