Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

In particular, sales of SCI shares during the fiscal year resulted in a long-term impairment write-back of €5 million. Provisions for permanent impairment of buildings recorded during the year relate to a tourist complex outside the Paris region.

As per the fair value hierarchy established in IFRS 13, the fair value of investment property is classified as level 2 for €3,316 million and level 3 for €652 million. The Level 2 investment property comprises mainly property located in Paris, or the Greater Paris region, the fair value of which is based on observable data.

Investment property ‒ by operating segment

4.1

31.12.2021

31.12.2020

Property

SCI units

Property

SCI units

Interna

Interna

Interna

Interna

France

tional

Total France

tional Total

France

tional

Total France

tional Total

(in millions of euros)

Gross value

2,204

15 2,219 215

215 1,473

14 1,486 212

212

Cumulative amortisation & impairment

(312)

(4) (316)

(262)

(3) (265)

Long-term impairment

(67)

(1)

(69)

(3)

(3)

(9)

(2)

(11)

(7)

(7)

Closing net value

1,825

9 1,834 212

212 1,202

9 1,210 205

205

Closing fair value of investment property UNREALISED CAPITAL GAINS (LOSSES)

3,541

24 3,565 402

402 2,826

19 2,845 394

394

1,716

15 1,731 190

190 1,624

10 1,635 189

189

178

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES