Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

7.1.4 CHANGE IN GROUP’S IFRS EQUITY

Equity or equivalent

Foreign exchange adjustment

Group’s IFRS equity - Group share

Non controlling interests

Subordinated debts

Consolidated reserves

Revaluation reserves

Total Group’s IFRS equity

(in millions of euros)

funds Result

GROUP’S IFRS EQUITY AT 31/12/2020 Allocation of 2020 income (loss)

664 177

1,099

6,675 2,651

(562)

10,704

13

10,717

(177)

177

(1)

Dividends

(61)

(61)

(1)

(63)

Change in capital

7

7

7

Business combinations Other Impact of transactions with shareholders/members

7 (177)

116

(55)

(1)

(56)

Foreign exchange adjustments

(17)

(17)

(17)

Available ‑ for ‑ sale assets Shadow accounting

(2,011)

(2,011)

(3)

(2,014)

1,338

1,338

3

1,341

Deferred taxes

(3)

201

197

197

Actuarial gains (losses) of post ‑ employment benefits

11

11

11

Other

(2)

(2)

(2)

Net income for fiscal year

493

493

1

494

Total income (expenses) recognised over the period Total changes over the period GROUP’S IFRS EQUITY AT 31/12/2021 Allocation of 2021 income (loss)

493

6 (472)

(17)

9

2

11

7 315

122 (472)

(17)

(45)

0

(45)

670 493

1,099

6,798 2,178

(579)

10,659

14

10,672

(493)

493

(1)

Dividends

(62)

(62)

(62)

Change in capital

(1)

(1)

(1)

Business combinations Other

(229)

(229)

(229)

Impact of transactions with shareholders/members

(1)

(493)

(229)

431

(292)

(292)

Foreign exchange adjustments

(79)

55

(24)

(24)

Available ‑ for ‑ sale assets Shadow accounting

(11,069)

(11,069)

(30)

(11,099)

6,773

6,773

26

6,798

Deferred taxes

(13)

1,073

1,060

1

1,061

Actuarial gains (losses) of post ‑ employment benefits

50

50

50

Other

1

(15)

(96)

(109)

(109)

Net income for fiscal year

454

454

454

Total income (expenses) recognised over the period Total changes over the period GROUP’S IFRS EQUITY AT 31/12/2022

454

1

(56)

(3,319)

55

(2,865)

(3)

(2,868)

(1)

(39)

(227)

375 (3,319)

55

(3,157)

(4)

(3,161)

669 454 7,511 (1) These being dividends that impact the change in Group’s IFRS equity, they are treated in particular as compensation for subordinated instruments classified as shareholders’ equity according to IFRS rules. Group’s IFRS equity carried a foreign exchange adjustment for Turkey of -€176 million. Upon the actual divestment of the Turkish subsidiaries, this foreign exchange adjustment will be reclassified to profit or loss. 871 7,172 (1,141) (524) 7,502 10

176

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES