UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

Note 12 Deferred taxes

12.1 Analysis of the major components of deferred taxes (in millions of euros)

31.12.2023

31.12.2022

Deferred taxes resulting from timing differences Restatements of financial instruments at FVOCI and FVPL

600

1,112

Restatements of IFRS 17 underwriting reserves

(1,110)

(1,520)

Other differences on consolidation restatements

137

193

Deferred expenses (including invoices to be received)

(52)

(47)

Tax differences on underwriting reserves and other provisions for contingent liabilities

275

216

Tax ‑ deferred capital gains

(4)

(4)

Valuation difference on mutual funds

79

22

Foreign exchange hedge

(5)

0

Other temporary tax differences

(6)

(5)

Subtotal of deferred taxes resulting from timing differences

(86)

(32)

Deferred taxes from stocks of ordinary losses

72

59

Deferred taxes recorded on the balance sheet

(14)

26

of which, assets

200

183

of which, liabilities

(214)

(157)

The figures presented for 31 December 2022 are pro forma .

Note 13 Current tax receivables and other tax receivables

13.1 Current tax receivables and other tax receivables by maturity

31.12.2023

31.12.2022

1 ‑ 5 years > 5 years

1 ‑ 5 years > 5 years

< 1 year

Total

< 1 year

Total

(in millions of euros)

Corporate income tax - Debit

46

0

0

46

118

0

0

118

Other receivables from state and local authorities

198

6

0

204

167

10

0

177

TOTAL

244

6

0

250

285

10

0

295

The figures presented for 31 December 2022 are pro forma .

256

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES

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