UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

7.1.6 NOTES TO THE COMBINED FINANCIAL STATEMENTS

SUMMARY 1 Significant events and events after year ‑ end

212

2 Combination principles, methods and scope

213

3 Accounting principles and valuation methods used

219

4 Notes to the financial statements

232

Note 1

Note 23 Current taxes payable and other tax liabilities

Segment reporting

232

278

Note 2 Note 3 Note 4 Note 5 Note 6 Note 7 Note 8 Note 9

Goodwill

235

Note 24 IFRS 16 lease liabilities

279

Discontinued or held ‑ for ‑ sale businesses

237

Note 25 Other debt

280

Other intangible assets

237

Note 26 Insurance service revenue Note 27 Insurance service expenses Note 28 Comprehensive financial result

281

Investment property

238

282

Operating property

239

283

Impact of adopting IFRS 9

240

Note 29 Investment income net of management expenses Note 30 Financial result from insurance and reinsurance contracts

Financial investments

241

283

Asset and liability derivative instruments and separate embedded derivatives

253

285

Note 10 Investments in related companies and joint ventures under the equity method Note 11 Other property, plant, and equipment

Note 31 Other ordinary income and expenses

286

254

Note 32 Operating expenses

286

255

Note 33 Other income and expenses from non ‑ current operations

Note 12 Deferred taxes

256

287

Note 13 Current tax receivables and other tax receivables

Note 34 Financing expenses

287

256

Note 35 Breakdown of tax expenses

287

Note 14 Other receivables

257

Other information

288

Note 15 Group's IFRS equity, minority interests Note 16 Provisions for contingent liabilities Note 17 Information on employee benefits – Defined ‑ benefit plans

257

259

Note 36 Related parties

288

Note 37 Employees of consolidated companies

288

260

Note 38 Commitments given and received

289

Note 18 Financing debt 263 Note 19 Reinsurance contract assets and liabilities 264 Note 20 Reinsurance contract assets and liabilities 271 Note 21 Timing of recognition of CSM in profit or loss 277 Note 22 Cash in liabilities 278

Note 39 Risk factors and sensitivity analyses

290

Note 40 Statutory auditors’ fees

305

Note 41 List of entities in the scope of

consolidation and major changes to the scope

306

211

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES