GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

Information required by the amendment to IFRS 4 in the event 6.10 of a temporary exemption from the application of IFRS 9

The breakdownof the Group’s financial investmentsbetween i) SPPI (Solely Payment of Principal and Interest) financial assets not held for trading and where neither management nor assessment of performance is based on thfeair value, and ii) other assets is as follows:

31.12.2020

31.12.2019

Variation

SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

Other assets

Other assets

Other assets

Total

Total

Total

(in millions of euros)

Equities and other variable-income investments Bonds and other fixed-income investments

3,685 3,685

3,430 3,430

255 255

52,193 7,128 59,322

51,164 7,245 58,409

1,029 (117)

912

Cash mutual funds

7,374 7,374

8,447 8,447

(1,074) (1,074)

Other investments Total financial investments valued at fair value Loans, deposits, other investments at amortised cost TOTAL OF FINANCIAL INVESTMENTS EXCLUDING UNIT-LINKED ITEMS

52,193 18,187 70,380

51,164 19,122 70,286

1,029 (935)

94

944

96 1,040

1,219 107 1,326

(275)

(10)

(286)

53,137 18,283 71,420

52,383 19,229 71,612

754 (946)

(192)

Unit-linked financial investments

11,286 11,286

10,392 10,392

894 894

Solely Payment of Principal and Interes(tSPPI) assets are securitieswhose contractual terms give rise, on specified dates, to casfhlows that correspond solely to * principal and interest payments on outstanding principal.

The table below breaks down by rating those SPPI investments not held for trading where neither management nor assessment of performance is based on the fair value.

31.12.2020

Total

AAA

AA

A

BBB

(in millions of euros)

Financial assets at book value determined according to IAS 39 SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

2,641 25,192 10,264 13,670

430

940 53,137

2,641 25,192 10,264 13,670

430

940 53,137

Solely Payment of Principal and Interes(tSPPI) investments are securities whose contractual terms give rise, on specified dates, to cash flowtshat correspond * solely to principal and interest payments on outstanding principal.

192

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES