UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

Discontinued or held ‑ for ‑ sale businesses

Note 3

3.1 Results of discontinued businesses The Turkish subsidiaries Groupama Sigorta, Groupama Hayat, and Groupama Investment Bosphorus were sold during the second quarter of 2023. Their income contribution up to the disposal date amounted to -€6 million.

Net income from disposals represented a loss of €104 million, including a reversal of translation differences of -€177 million.

Note 4 Other intangible assets

31.12.2023

31.12.2022

Intangible assets related to insurance business

Intangible assets related to insurance business

Other intangible assets

Other intangible assets

Total

Total

(in millions of euros)

Opening gross value

404

2,351

2,756

425

2,266

2,691

Increase

6

198

204

0

187

187

Decrease

(1)

(70)

(71)

(0)

(91)

(92)

Foreign exchange adjustments

2

3

5

(3)

(6)

(9)

Change in scope of consolidation

0

0

0

(17)

(4)

(22)

Closing gross value

411

2,483

2,894

404

2,351

2,756

Opening cumulative amortisation

(309)

(1,952)

(2,261)

(271)

(1,888)

(2,160)

Increase

(0)

(131)

(131)

(16)

(83)

(99)

Decrease

0

21

22

0

11

11

Foreign exchange adjustments

(2)

(3)

(4)

3

5

8

Change in scope of consolidation

0

0

0

(25)

3

(22)

Closing cumulative amortisation Opening cumulative long ‑ term impairment Long ‑ term impairment recognised Long ‑ term impairment write ‑ backs

(310)

(2,065)

(2,375)

(309)

(1,952)

(2,261)

(82)

(0)

(83)

(124)

(0)

(124)

(0)

(1)

(1)

(1)

0

(1)

0

0

0

0

0

1

Foreign exchange adjustments

0

0

0

0

0

0

Change in scope of consolidation

0

0

0

42

0

42

Closing cumulative long ‑ term impairment

(82)

(1)

(83)

(82)

(0)

(83)

OPENING NET VALUE

13

399

412

30

378

407

CLOSING NET VALUE

18

417

435

13

399

412

237

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES