Groupama // 2021 Universal Registration Document

7 FINANCIAL STATEMENTS Combined financial statements and notes

Other income and expenses from non-current operations Note 42

31.12.2021

31.12.2020

France International

Total

France International

Total

(in millions of euros)

Income from non-current operations

76

1

77

149

19

168

Expenses from non-current operations

(129)

(7)

(136)

(172)

(17)

(190)

Allocation to the reserve for goodwill

(125)

(125)

TOTAL

(53)

(6)

(59)

(23)

(123)

(146)

Financing expenses Note 43

31.12.2021

31.12.2020

(in millions of euros)

Redeemable subordinated bonds

(71)

(69)

Financing expenses on lease liabilities

(6)

(7)

Other financing expenses

(1)

TOTAL

(78)

(77)

The change in financing expenses on redeemable subordinated securities is explained by the issue of subordinated green bonds in July 2021.

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Universal Registration Document 2021 - GROUPAMA ASSURANCES MUTUELLES