UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

Note 5

Investment property

5.1 Investment property – Breakdown (in millions of euros)

31.12.2023

31.12.2022

Investment property excluding unit ‑ linked items

2,147

2,203

Unit ‑ linked investment property TOTAL INVESTMENT PROPERTY

67

85

2,214

2,288

5.2 Investment property excluding unit ‑ linked investments

31.12.2023

31.12.2022

Property

SCI units

Total

Property

SCI units

Total

(in millions of euros)

Opening gross value

2,321

273

2,594

2,219

215

2,434

Acquisitions

27

34

61

40

43

83

Change in scope of consolidation

0

0

0

(1)

0

(1)

Subsequent expenditure Assets capitalised in the year

230

230

279

279

Transfer from/to operating property

25

(0)

25

7

0

7

Foreign exchange adjustments

0

0

0

(0)

0

(0)

Divestments

(39)

(17)

(56)

(222)

(12)

(234)

Other

0

43

43

0

27

27

Closing gross value

2,565

332

2,897

2,321

273

2,594

Opening cumulative amortisation

(313)

(313)

(316)

(316)

Increase

(26)

(26)

(25)

(25)

Change in scope of consolidation

(0)

(0)

0

0

Transfer from/to operating property

(19)

(19)

(4)

(4)

Decrease

19

19

32

32

Other

0

0

0

0

Closing cumulative amortisation Opening cumulative long ‑ term impairment Long ‑ term impairment recognised Change in scope of consolidation

(339)

(339)

(313)

(313)

(69)

(9)

(78)

(69)

(3)

(71)

(325)

(9)

(334)

(13)

(6)

(20)

0

0

0

0

0

Transfer from/to operating property

0

0

0

(1)

0

(1)

Long ‑ term impairment write ‑ backs

3

0

3

13

0

13

Other

0

(1)

(1)

0

0

0

Closing cumulative long ‑ term impairment

(391)

(19)

(410)

(69)

(9)

(78)

Opening net value

1,938

264

2,203

1,834

212

2,046

Closing net value

1,834

313

2,147

1,938

264

2,203

Closing fair value of investment property

3,165

497

3,662

3,443

453

3,896

UNREALISED CAPITAL GAINS (LOSSES)

1,331

184

1,515

1,505

189

1,694

238

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES

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