UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Annual financial statements and notes

The following table shows the depreciation periods and percentages by type of property:

House and office before 1945

House and office after 1945

Offices or residential high ‑ rises

Components

Retail

Period Percentage

Period Percentage

Period Percentage

Period Percentage

Building shell

120 years

65% 80 years

65% 50 years

50% 70 years

40%

Frame, beams, columns, floors, walls Wind- and water ‑ tight facilities

35 years

10% 30 years

10% 30 years

10% 30 years

20%

Roof ‑ terrace Facades Covering

External woodwork Technical facilities

25 years

15% 25 years

15% 20 years

25% 25 years

25%

Lifts Heating/Air conditioning Networks (electrical, plumbing, etc.) Fixtures, finishings

15 years

10% 15 years

10% 15 years

15% 15 years

15%

Int. improvements

(b) Fixed ‑ income securities Bonds and other fixed ‑ income securities under Articles R. 343 ‑ 9 and R. 343 ‑ 10 of the French Insurance Code are recorded at their purchase price, net of accrued interest at the time of purchase. The difference between the purchase price and the redemption value is reported on the income statement over the remaining term until the repayment date, using actuarial methods in most cases. An amortisation of the premium or discount is recorded up to the time of transfer in the year the fixed income marketable securities are sold. Accrued interest is recognised in the balance sheet under asset accruals.

The realisable value of units in unlisted property companies is equal to the Groupama Assurances Mutuelles share in the revalued net assets of that company. The valuation is determined based on the following: the shareholders’ equity of the property or real estate company as at 31 December; ❯ the unrealised capital gain or loss on fixed assets. Fixed assets are valued on the basis of five ‑ year appraisals reviewed annually and carried out by independent appraisers. ❯ At each closing, the valuation portion of the share (or units) is compared with the NBV of that share (or unit). A reserve for impairment is recorded where appropriate.

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Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES