Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

7.1.4

CHANGE IN GROUP'S EQUITY

Equity or equivalent

Foreign exchange adjustment

Non controlling interests

Subordinated debts

Consolidated reserves

Revaluation reserves

Group's equity - Group share

Total Group's equity

funds Result

(in millions of euros)

GROUP'S EQUITY AT 31.12.2019 Allocation of 2019 income (loss)

633 345

1,099

6,395

2,272

(504)

10,238

14

10,252

(345)

345 (62)

Dividends (1)

(62)

(62)

Change in capital

31

31

31

Business combinations Other Impact of transactions with shareholders/members

31 (345)

283

(30)

(30)

Foreign exchange adjustments

(58)

(58) 900

(58) 903

Available-for-sale assets

900

3

Shadow accounting

(391) (130)

(391) (129)

(5)

(396) (128)

Deferred taxes

1

1

Actuarial gains (losses) of post-employment benefits

(4)

(4)

(4)

Other

1

1

1

Net income for fiscal year Total income (expenses) recognised over the period Total changes over the period GROUP'S EQUITY AT 31.12.2020 Allocation of 2020 income (loss)

177

177

1

178

177

(3)

379

(58)

496

(1)

496

31 (167)

281

379

(58)

466

(1)

465

664 177

1,099

6,675

2,651

(562)

10,704

13

10,717

(177)

177 (61)

Dividends (1)

(61)

(1)

(63)

Change in capital

7

7

7

Business combinations Other Impact of transactions with shareholders/members

7 (177)

116

(55)

(1)

(56)

Foreign exchange adjustments

(17)

(17)

(17)

Available-for-sale assets

(2,011) 1,338

(2,011) 1,338

(3)

(2,014) 1,341

Shadow accounting

3

Deferred taxes

(3)

201

197

197

Actuarial gains (losses) of post-employment benefits

11 (2)

11 (2)

11 (2)

Other

Net income for fiscal year Total income (expenses) recognised over the period Total changes over the period GROUP'S EQUITY AT 31.12.2021

493

493

1

494

493

6

(472)

(17)

9

2

11

7 315

122

(472)

(17)

(45)

0

(45)

670 493

1,099

6,798

2,178

(579)

10,659

14

10,672

These being dividends that impact the change in Group's equity, they are treated in particular as compensation for subordinated instruments classified as Group's equity (1) according to IFRS rules.

150

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES

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