Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

7.1.6 NOTE TO THE COMBINED FINANCIAL STATEMENTS

SUMMARY 1 Significant events and post ‑ balance sheet events

180

2 Combination principles, methods, and scope

182

3 Accounting principles and valuation methods used

188

4 Notes to the financial statements

200

Note 1

Note 27 Underwriting liabilities related to insurance policies Note 28 Liabilities related to financial contracts

Segment reporting

200

248

Note 2 Note 3 Note 4 Note 5

Goodwill

203

253

Held ‑ for ‑ sale business activities

206

Note 29 Change in actuarial reserves for life

Other intangible assets

208

insurance policies and financial contracts – by operating segment

254

Investment property excluding unit ‑ linked investments

210

Note 30 Debts arising from insurance or inward reinsurance transactions Note 31 Debts arising from outward reinsurance transactions Note 32 Current taxes payable and other tax liabilities

255

Note 6 Note 7

Operating property

212

Financial investments (excluding unit ‑ linked items)

255

214

Note 8

Investments representing commitments in unit ‑ linked investments Asset and liability derivative instruments and separate embedded derivatives

255

227

Note 33 IFRS 16 lease liabilities

256

Note 9

228

Note 34 Other debt

257

Note 10 Uses and sources of funds for financial sector business activities Note 11 Investments in related companies and joint ventures under the equity method

Note 35 Analysis of premium income

258

229

Note 36 Investment income net of management expenses

260

230

Note 37 Insurance policy servicing expenses

264

Note 12 Share of outward reinsurers and

Note 38 Outward reinsurance income (expenses)

retrocessionaires in liabilities related to insurance policies and financial contracts

266

231

Note 39 Operating expenses

267

Note 13 Other property, plant and equipment

232

Note 40 Policy acquisition costs

268

Note 14 Deferred acquisition costs

233

Note 41 Administrative costs

269

Note 15 Deferred profit sharing

234

Note 42 Other income and expenses from current operations Note 43 Other income and expenses from non ‑ current operations

Note 16 Deferred taxes

235

270

Note 17 Receivables from insurance or inward reinsurance transactions Note 18 Receivables arising from outward reinsurance operations

236

271

Note 44 Financing expenses

271

237

Note 45 Breakdown of tax expenses

272

Note 19 Risk of reinsurer insolvency

238

Note 46 Related parties

273

Note 20 Current tax receivables and other tax receivables

Note 47 Employees of consolidated companies

273

239

Note 48 Commitments given and received

274

Note 21 Other receivables

240

Note 49 Risk factors and sensitivity analyses

275

Note 22 Cash and cash equivalents

241

Breakdown of actuarial reserves according to the criteria of commitments at fixed rate, variable rate, or absence of rate commitments

Note 23 Group’s IFRS equity minority interests

242

Note 24 Contingent liabilities

243

279

Note 25 Information pertaining to personnel benefits – defined ‑ benefit plans

Note 50 Fees of the statutory auditors Note 51 List of entities in the scope of

244

293

Note 26 Financing debt

247

consolidation and major changes to the scope of consolidation

294

179

Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES