GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

6.4

Reserves for impairment of investments

31.12.2020

31.12.2019

Gross

Reserves

Net

Gross

Reserves

Net

(in millions of euros)

Available-for-sale assets Equities and other variable-income investments

2,648

(246)

2,402

2,377

(203)

2,174

Bonds and other fixed-income investments

48,261

(4)

48,256

47,566

(4)

47,562

Other investments TOTAL AVAILABLE-FOR-SALE ASSETS

50,909

(251)

50,658

49,943

(207)

49,736

Financial investments valued at amortised cost

1,041

(1)

1,040

1,327

(1)

1,326

FINANCIAL INVESTMENTS VALUED AT AMORTISED COST

1,041

(1)

1,040

1,327

(1)

1,326

The amount of reserves for long-term impairment on investments valued at amortised cost was unchanged at €1 million. Reserves were determined in accordancewith the rules set out in paragraph 3.2.1 of the accounting principles.

Total reserves for long-term impairment on investmentsmeasured at fair value were €251 million, compared with €207 million at 31 December 2019. Regarding equities, a reserve of €120 million was established for strategic securities, unchanged compared with 31 December 2019.

184

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES