Groupama // Universal Registration Document 2022
7
FINANCIAL STATEMENTS Combined financial statements and notes
31.12.2022
31.12.2021
(in millions of euros)
Operating income before taxes
(34)
(15)
Capital gains (losses) on the sale of investments
(5)
Net allocations to amortisation and depreciation
2
3
Change in deferred acquisition costs
(11)
(4)
Change in impairment
3
10
Net allocations to underwriting liabilities relating to insurance policies and financial contracts
119
58
Net allocations to other reserves
2
(1)
Other non ‑ cash items included in operating income
2
Correction of elements included in the operating income other than cash flows and reclassification of investment and financing flows
117
61
Change in operating receivables and payables
(41)
(23)
Cash flows from other assets and liabilities
3
(3)
Net tax paid
1
(3)
NET CASH FLOWS FROM OPERATING ACTIVITIES
46
17
Net acquisitions of financial investments (including unit ‑ linked investments) and derivatives
(16)
(12)
Net acquisitions of investment property
(1)
Other non ‑ cash items
1
Cash flows from acquisitions and issues of investments
(14)
(13)
Net acquisitions of property, plant and equipment, intangible fixed assets, and operating property Cash flows from acquisitions and disposals of property, plant and equipment and intangible fixed assets
(7)
(5)
(7)
(5)
NET CASH FLOWS FROM INVESTMENT ACTIVITIES
(24)
(17)
Dividends paid Cash flows from transactions with shareholders and members Interest paid on financial debt Cash generated by IFRS 16 lease liabilities
(3)
5
Cash flows from group financing
(3)
5
NET CASH FLOWS FROM FINANCING ACTIVITIES
(3)
5
CASH AND CASH EQUIVALENTS AT 1 JANUARY
16
21
Net cash flows from operating activities
49
17
Net cash flows from investment activities
(24)
(17)
Net cash flows from financing activities
(3)
5
Effect of foreign exchange changes on cash
(7)
(10)
CASH AND CASH EQUIVALENTS AT 31 DECEMBER
31
16
207
Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES
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