Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

7.1.6

NOTE TO THE COMBINED FINANCIAL STATEMENTS

SUMMARY Significant events and post-balance sheet events 1

154

Combination principles, methods, and scope 2

155

Accounting principles and valuation methods used 3

158

Notes to the financial statements 4

169

Note 1

Underwriting liabilities related to insurance Note 26 policies Underwriting liabilities related to financial Note 27 contracts

Segment reporting

169

215

Goodwill Note 2

172

Other intangible assets Note 3

175

220

Investment property excluding unit-linked Note 4 investments

Change in actuarial reserves for life Note 28

177

insurance policies and financial contracts ‒ by operating segment

221

Operating property Note 5

179

Debts arising from insurance or inward Note 29 reinsurance transactions Debts arising from outward reinsurance Note 30 transactions Current taxes payable and other tax Note 31 liabilities

Financial investments (excluding unit-linked Note 6 items) Investments representing commitments in Note 7 unit-linked investments Asset and liability derivative instruments Note 8 and separate embedded derivatives Uses and sources of funds for financial Note 9 sector business activities Investments in related companies and joint Note 10 ventures under the equity method

222

181

222

194

222

195

IFRS 16 lease liabilities Note 32

223

196

Other debt Note 33

224

Analysis of premium income Note 34

225

197

Investment income net of management Note 35 expenses

Share of outward reinsurers and Note 11

227

retrocessionaires in liabilities related to insurance policies and financial contracts

Insurance policy servicing expenses Note 36

198

231

Other property, plant, and equipment Note 12

Outward reinsurance income (expenses) Note 37

199

232

Deferred acquisition costs Note 13

Operating expenses Note 38

200

233

Deferred profit sharing Note 14

Policy acquisition costs Note 39

201

234

Deferred taxes Note 15

Administrative costs Note 40

202

235

Receivables from insurance or inward Note 16 reinsurance transactions Receivables from outward reinsurance Note 17 transactions

Other income and expenses from current Note 41 operations Other income and expenses from Note 42 non-current operations

203

236

204

237

Risk of reinsurer insolvency Note 18

Financing expenses Note 43

205

237

Current tax receivables and other tax Note 19 receivables

Breakdown of tax expenses Note 44

238

206

Related parties Note 45

239

Other receivables Note 20

207

Employees of consolidated companies Note 46

239

Cash and cash equivalents Note 21

208

Commitments given and received Note 47

240

Group's equity, minority interests Note 22

209

Risk factors and sensitivity analyses Note 48

241

Contingent liabilities Note 23

210

Fees of the statutory auditors Note 49

257

Information pertaining to personnel benefits Note 24 ‒ defined-benefit plans

List of entities in the scope of consolidation Note 50 and major changes to the scope of consolidation

211

Financing debt Note 25

214

258

153

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES