GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Other intangible assets Other intangible assets consist primarily of software acquired and developed internally.

The Group’s intangible assets are split into two categories: intangible assets related to insurance business; ❯ other intangible assets. ❯ Intangible assets related to insurance business Intangible assets related to insurance business primarily equate to values in force, values of the distribution networks, values of customer relationshipsand brands. Only the portfolio value in Italy is subject to amortisation.

Other intangible assets – By operating segment

3.1

31.12.2020

31.12.2019

Intangible assets related to insurance business

Other intangible assets

Total

Total

France International

France International

France International

France International

(in millions of euros)

414 1,218

207 1,218

622 1,143

621

Closing gross value

Closing cumulative amortisation

(266)

(1,019)

(172)

(1,019)

(439)

(977)

(424)

Closing cumulative long-term impairment

(117)

(117)

(119)

Amortisation and reserves

(383)

(1,019)

(172)

(1,019)

(555)

(977)

(543)

NET BOOK VALUE

31

199

35

199

66

166

79

175 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES