UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

7.2 Recalculation of provisions for impairment for first ‑ time adoption of IFRS 9

Reclassifications under IFRS 9 at 01.01.2023

Provisions measured under IAS 39

Provisions measured under IFRS 9

Non ‑ recyclable FVOCI

Mandatory

IAS 39 classification

Impairment amount

Recyclable FVOCI

(in millions of euros)

FVPL Optional FVPL Amortised cost

Total

Equities and other variable ‑ income securities Bonds and other fixed ‑ income securities Fixed ‑ income mutual fund units

AFS

(248)

(244)

(4)

(248)

AFS

(28)

(18)

(10)

(28)

AFS

(19)

(19)

(19)

Shares in other mutual funds

AFS

(16)

(16)

(16)

amortised cost

Loans, deposits, and other investments

(8)

(1)

(7)

0

(8)

TOTAL PROVISIONS FOR IMPAIRMENT UNDER IAS 39 Restatement of impairments under IFRS 9 TOTAL VALUE ADJUSTMENTS AND IMPAIRMENTS UNDER IFRS 9

(319)

(19)

(244)

(56)

0

0

(319)

(22)

244

56

278

(41)

0

(41)

The implementation of the new impairment model and measurement principles of IFRS 9 results in the following impacts: for equity instruments designated at fair value through OCI, unlike under IAS 39, no impairment is required under IFRS 9; ❯ units of mutual funds, not eligible for designation at fair value through OCI under IFRS 9, are no longer subject to impairment; ❯ for debt instruments and loans measured at fair value through OCI or at amortised cost under IAS 39 and under IFRS 9, the application of the provisions of IFRS 9 relating to the impairment of financial assets resulted in additional impairment (€22 million). ❯

Note 8 Financial investments

31.12.2023

31.12.2022

Net value

Net value

(in millions of euros)

Assets valued at fair value

82,281

75,998

Assets valued at amortised cost

71

58

TOTAL FINANCIAL INVESTMENTS

82,351

76,056

The figures presented for 31 December 2022 are pro forma .

241

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES