Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Information required by the amendment to IFRS 4 in the event of a temporary 6.10 exemption from the application of IFRS 9 The breakdown of the Group’s financial investments between i) SPPI (Solely Payment of Principal and Interest) financial assets not held for trading and where neither management nor assessment of performance is based on the fair value, and ii) other assets is as follows:

31.12.2021

31.12.2020

Change

SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

Other assets Total

Other assets Total

Other assets

Total

(in millions of euros)

Equities and other variable-income investments

6,381 6,381

5,152 5,152

1,229 1,229

Bonds and other fixed-income investments

53,361 8,265 61,626

54,593 9,621 64,214

(1,232) (1,356) (2,588)

Cash mutual funds

6,136 6,136

7,500 7,500

(1,364) (1,364)

Other investments Total financial investments valued at fair value Loans, deposits, other investments at amortised cost TOTAL OF FINANCIAL INVESTMENTS EXCLUDING UNIT-LINKED ITEMS

53,361 20,782 74,143

54,593 22,273 76,866

(1,232) (1,491) (2,723)

1,228 122 1,350

1,443 120 1,563

(215)

1 (213)

54,590 20,903 75,493

56,036 22,393 78,429

(1,447) (1,490) (2,936)

Unit-linked financial investments

13,167 13,167

11,286 11,286

1,882 1,882

Solely Payment of Principal and Interest (SPPI) assets are securities whose contractual terms give rise, on specified dates, to cash flows that correspond solely to * principal and interest payments on outstanding principal.

The table below breaks down by rating those SPPI investments not held for trading where neither management nor assessment of performance is based on the fair value.

31.12.2021

AAA

AA

A

BBB

Total

(in millions of euros)

Financial assets at book value determined according to IAS 39 SPPI* financial assets not held for trading where neither management nor assessment of performance is based on the fair value

2,246

24,803

11,463

14,602

465

1,010

54,590

2,246

24,803

11,463

14,602

465

1,010

54,590

Solely Payment of Principal and Interest (SPPI) investments are securities whose contractual terms give rise, on specified dates, to cash flows that correspond * solely to principal and interest payments on outstanding principal.

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES