Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Other intangible assets Note 3

31.12.2021

31.12.2020

Intangible assets related to insurance business

Intangible assets related to insurance business

Other intangible assets

Other intangible assets

Total

Total

(in millions of euros)

Opening gross value

438

2,126

2,564

453

1,993

2,446

Increase

191

191

152

152

Decrease

(1)

(47)

(47)

(11)

(11)

Foreign exchange adjustments

(12)

(4)

(17)

(15)

(9)

(24)

Change in scope of consolidation Closing gross value

425

2,266

2,691

438

2,126

2,564

Opening cumulative amortisation

(266)

(1,805)

(2,072)

(264)

(1,727)

(1,991)

Increase

(15)

(99)

(114)

(15)

(86)

(102)

Decrease

13

13

1

1

Foreign exchange adjustments

10

3

13

13

6

19

Change in scope of consolidation Closing cumulative amortisation Opening cumulative long-term impairment Long-term impairment write-backs Foreign exchange adjustments Change in scope of consolidation Closing cumulative long-term impairment Long-term impairment recognised

(271)

(1,888)

(2,160)

(266)

(1,805)

(2,072)

(126)

(126)

(128)

(128)

(1)

(1)

2

2

2

2

(124)

(124)

(126)

(126)

OPENING NET VALUE

46

320

366

62

266

328

CLOSING NET VALUE

30

378

407

46

320

366

Other intangible assets Other intangible assets consist primarily of software acquired and developed internally.

The Group’s intangible assets are split into two categories: intangible assets related to insurance business; ❯ other intangible assets. ❯ Intangible assets related to insurance business Intangible assets related to insurance business primarily equate to values in force, values of the distribution networks, values of customer relationships and brands. Only the portfolio value in Italy is subject to amortisation.

175

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES