Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Operating property Note 5

31.12.2021

31.12.2020

Right of

Right of

Property

use SCI units

Total

Property

use SCI units

Total

(in millions of euros)

Opening gross value

1,297

347

62 1,706 1,204

307

61 1,572

Acquisitions

20

63

4

87

23

43

3

68

Change in scope of consolidation Assets capitalised in the year

40

40

91

91

Transfer from/to investment property

(322)

(322)

(10)

(10)

Foreign exchange adjustments

(1)

(2)

(3)

(1)

(2)

(3)

Divestments

(69)

(2)

(72)

(9)

(2)

(11)

Other

(1)

(1)

Closing gross value

964

408

64 1,436 1,297

347

62 1,706

Opening cumulative amortisation

(418)

(82)

(501)

(405)

(39)

(445)

Increase

(24)

(40)

(65)

(25)

(43)

(68)

Change in scope of consolidation Transfer from/to investment property

44

44

5

5

Decrease

22

22

6

6

Foreign exchange adjustments

1

1

1

Closing cumulative amortisation

(376)

(122)

(498)

(418)

(82)

(501)

Opening cumulative long-term impairment

(88)

(88)

(73)

(73)

Long-term impairment recognised

(8)

(2)

(11)

(16)

(16)

Change in scope of consolidation Transfer from/to investment property

43

43

Long-term impairment write-backs

1

Closing cumulative long-term impairment

(54)

(2)

(56)

(88)

(88)

Opening net value

790

265

62 1,117

725

268

61 1,054

Closing net value

535

286

62

883

790

265

62 1,117

Closing fair value of operating property

900

286

113 1,299 1,142

265

112 1,519

UNREALISED CAPITAL GAINS (LOSSES)

365

0

51

417

351

0

50

401

A property under reconstruction in La Défense was reclassified from operating property to investment property. The disposals mainly concern the scrapping of a Parisian building undergoing major restructuring.

It should be noted that the Group has applied IFRS 16 since 1 January 2019: leases are now recognised as an asset as well as a liability for the rent payment obligation.

179

Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES