UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

Note 24 IFRS 16 lease liabilities

The Group has applied IFRS 16 since 1 January 2019. The rights of use relating to leases are not presented on a separate line of the balance sheet. They are instead aggregated in the lines corresponding to the underlying assets: “Operating property” and “Other plant, property, and equipment”. IFRS 16 lease liabilities are presented on a separate line of the balance sheet: “IFRS 16 rent liabilities”. Financial expenses on lease liabilities are shown on a separate line of the income statement in Note 34 – Financing expenses.

It should be noted that the Group recognised no expenses over the period relating to variable rents not included in the rental obligation valuation. Likewise, no profit or loss resulting from lease disposal transactions was recorded. The cash flow statement includes cash flows relating to leases.

24.1 IFRS 16 lease liabilities – 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)

IFRS 16 lease liabilities

54

132

73

259

50

158

93

302

TOTAL

54

132

73

259

50

158

93

302

24.2 IFRS 16 lease liabilities – by currency and by rate

31.12.2023

Currencies

Rate

Non ‑ eurozone

Eurozone

Fixed rate

Variable rate

(in millions of euros)

IFRS 16 lease liabilities

258

1

259

0

TOTAL

258

1

259

0

279

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES