Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

IFRS 16 lease liabilities Note 32

IFRS 16 lease liabilities–by operating segment 32.1

31.12.2021

31.12.2020

France

International

Total

France

International

Total

(in millions of euros)

IFRS 16 lease liabilities

274

23

298

248

25

273

TOTAL

274

23

298

248

25

273

IFRS 16 lease liabilities- by maturity 32.2

31.12.2021

31.12.2020

< 1 year 1 to 5 years

> 5 years

Total

< 1 year 1 to 5 years

> 5 years

Total

(in millions of euros)

IFRS 16 lease liabilities

53

151

94

298

44

137

93

273

TOTAL

53

151

94

298

44

137

93

273

IFRS 16 lease liabilities- by currency and rate 32.3

31.12.2021

Currencies

Rate

Eurozone

Non-eurozone

Fixed rate

Variable rate

(in millions of euros)

IFRS 16 lease liabilities

290

8

298

TOTAL

290

8

298

It should be noted that the Group has applied IFRS 16 since 1 January 2019: leases are now recognised as an asset, and the rent payment obligation is recognised as a liability. IN ASSETS User rights on operational properties are shown under Note 5 – Operating property. User rights on other property, plant, and equipment under Note 12 – Other property, plant, and equipment. Notes 5 and 12 reuse opening stocks, changes during the fiscal year affecting the gross value, amortisation & depreciation and the net book value and closing stocks. IN THE INCOME STATEMENT Financial expenses on lease liabilities are shown on a separate line in Note 43 – Financing expenses. Rent relating short-term leases and low-value goods are shown under Note 38 – Operating expenses, in the “External expenses” line.

It should be noted that the Group recognised no expenses over the fiscal year relating to variable rents not included in the rental obligations valuation. Likewise, no profit or loss resulting from lease disposal transactions was recorded. The cash flow statement includes cash flows relating to leases. OFF-BALANCE SHEET COMMITMENT (Note 47) Property contracts excluded from the scope of IFRS 16, being short-term (mainly contracts with tacit renewal at the time the standard came to be applied on 1 January 2019) are shown at 31 December 2021 as off-balance sheet commitments for the amount of rent still to be paid during the notice year. It should be noted that contracts whose leases have become tacit since 1 January 2019 are subject to events implicitly prolonging the leases in accordance with IFRIC’s position and thus remain within the scope of IFRS 16.

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES