GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Operating property Note 5

31.12.2020

31.12.2019

Total

Property Right of use SCI units

Total

Property Right of use SCI units

(in millions of euros)

514

235

10

759

566

10

576

Opening gross value

Acquisitions

13

18

31

1

236

236

Change in scope of consolidation Assets capitalised in the year

83

83

19

19

Transfer from/to investment property

(1)

(1)

Currency exchange adjustments

(1)

(2)

(3)

(1)

(1)

Asset sales

(71)

(71)

Other

(1)

(1)

Closing gross value

607

251

10

868

514

235

10

759

Opening cumulative amortisation

(93)

(27)

(120)

(109)

(109)

Increase

(6)

(30)

(36)

(6)

(27)

(33)

Change in scope of consolidation Transfer from/to investment property Decrease

22

22

Other

1

Closing cumulative amortisation

(98)

(57)

(155)

(93)

(27)

(120)

Opening cumulative long-term impairment

(73)

(73)

(99)

(99)

Long-term impairment recognised

(16)

(16)

Change in scope of consolidation Transfer from/to investment property Long-term impairment write-backs

26

26

Closing cumulative long-term impairment

(88)

(88)

(73)

(73)

Opening net value

348

208

10

566

358

10

368

Closing net value

420

194

10

624

348

208

10

566

Closing fair value of operating property

643

194

14

851

574

208

15

796

UNREALISED CAPITAL GAINS (LOSSES)

222

0

4

226

226

0

5

231

It should be noted that the Group has applied IFRS 16 since 1 January 2019: leases are now recognisedas an asset as well as a liability for the rent payment obligation.

A property in Paris owned by Groupama Gan Vie and the headquarters of the Italian subsidiary was subject to impairment during the fiscal year.

178

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES