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. 193 Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES
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