GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

6.7

Breakdown of unlisted investments

31.12.2020

31.12.2019

(in millions of euros)

Equities at fair value

472

290

Bonds and other fixed-income securities at fair value

155

121

Other investments at fair value Loans at amortised cost

108

116

Other investments at amortised cost

932

1,210

TOTAL UNLISTED INVESTMENTS

1,667

1,737

At 31 December2020, total long-termreserves for listed investmentsmeasuredat fair value were €60 million,comparedwith €42 millionat 31 December 2019.

Breakdown of the bond portfolio 6.8 The presentationsbelow pertain to only bond investmentsheld directly or through consolidatedmutual funds and do not take into account other investments with similar features (bonmd utual funds, rate mutual funds, bond funds, etc.).

Bond portfolio – by rate 6.8.1 The table below shows the Group’s exposure to interest rartiseks at the close of each fiscal year.

31.12.2020

31.12.2019

Total

Fixed rate Variable rate

Total

Fixed rate Variable rate

(in millions of euros)

Listed bonds Available-for-sale

52,606

1,054

53,660

50,776

1,456

52,232

Classified as “trading” Classified as “held for trading”

556

139

695

613

140

753

Total listed bonds

53,161

1,194

54,355

51,388

1,596

52,985

Unlisted bonds Available-for-sale

134

5

139

99

5

104

Classified as “trading” Classified as “held for trading”

5

11

16

5

12

17

Total unlisted bonds

139

16

155

105

16

121

TOTAL BOND PORTFOLIO

53,300

1,210

54,510

51,493

1,613

53,106

187 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES