Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

Note 4 Other intangible assets

31.12.2022

31.12.2021

Intangible assets related to insurance business

Intangible assets related to insurance business

Other intangible assets

Other intangible assets

Total

Total

(in millions of euros)

Opening gross value

425

2,266

2,691

438

2,126

2,564

Increase

187

187

191

191

Decrease

(57)

(57)

(1)

(47)

(47)

Foreign exchange adjustments

(3)

(6)

(9)

(12)

(4)

(17)

Change in scope of consolidation

(17)

(4)

(22)

Closing gross value

404

2,386

2,790

425

2,266

2,691

Opening cumulative amortisation

(271)

(1,888)

(2,160)

(266)

(1,805)

(2,072)

Increase

(16)

(117)

(133)

(15)

(99)

(114)

Decrease

11

11

13

13

Foreign exchange adjustments

3

5

8

10

3

13

Change in scope of consolidation

(25)

3

(22)

Closing cumulative amortisation Opening cumulative long ‑ term impairment Long ‑ term impairment recognised Long ‑ term impairment write ‑ backs

(309)

(1,987)

(2,295)

(271)

(1,888)

(2,160)

(124)

(124)

(126)

(126)

(1)

(1)

1

Foreign exchange adjustments

2

2

Change in scope of consolidation

42

42

Closing cumulative long ‑ term impairment

(82)

(83)

(124)

(124)

OPENING NET VALUE

30

378

407

46

320

366

CLOSING NET VALUE

13

399

412

30

378

407

Other intangible assets Other intangible assets consist primarily of software acquired and developed internally.

The Group’s intangible assets are split into two categories: intangible assets related to insurance business; ❯ other intangible assets. ❯ Intangible assets related to insurance business Intangible assets related to insurance business primarily equate to values in force, values of the distribution networks, values of customer relationships and brands. Only the portfolio value in Italy is subject to amortisation.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES