Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Liabilities ı

31.12.2021

31.12.2020

(in millions of euros)

Equity or equivalent funds

670

664

Revaluation reserves

Note 22

2,178

2,651

Perpetual subordinated debts categorised as Group's equity

1,099

1,099

Other reserves

6,798

6,675

Foreign exchange adjustments

(579)

(562)

Combined income

493

177

Group's equity (Group share)

10,659

10,704

Non-controlling interests

14

13

Total Group's equity

10,672

10,717

Reserves for contingencies and charges

Note 23

580

639

Financing debts

Note 25

2,134

1,635

Underwriting liabilities relating to insurance policies

Note 26

64,815

63,345

Underwriting liabilities relating to financial contracts

Note 27

11,888

11,592

Deferred profit-sharing liabilities

Note 14

4,804

6,002

Resources from banking sector businesses

Note 9

10

12

Deferred tax liabilities

Note 15

519

633

Debts to unit holders of consolidated mutual funds

123

94

Operating debts to banking sector companies

Note 21

202

178

Debts arising from insurance or inward reinsurance operations

Note 29

1,115

1,169

Debts arising from outward reinsurance operations

Note 30

433

364

Current taxes payable and other tax liabilities

Note 31

199

149

Derivative liabilities

Note 8

544

568

IFRS 16 lease liabilities

Note 32

298

273

Other liabilities

Note 33

6,136

7,331

Other liabilities

9,567

10,760

Liabilities of business activities due to be sold or discontinued TOTAL

104,469

104,702

147

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES