Groupama // Universal Registration Document 2022
7
FINANCIAL STATEMENTS Combined financial statements and notes
Note 16 Deferred taxes
16.1 Deferred tax assets - by operating segment
31.12.2022
31.12.2021
France
International
Total
Total
(in millions of euros)
Deferred tax assets
308
179
486
51
TOTAL
308
179
486
51
16.2 Deferred tax liabilities - by operating segment
31.12.2022
31.12.2021
France
International
Total
Total
(in millions of euros)
Deferred tax liabilities
4
4
519
TOTAL
4
4
519
16.3 Analysis of the major components of deferred taxes (in millions of euros) Deferred taxes resulting from timing differences Restatements on AFS & Trading financial instruments (net of deferred profit sharing)
31.12.2022
31.12.2021
467
(592)
Life acquisition costs and overall management expenses reserve
(20)
(37)
Consolidation restatements on underwriting reserves
(298)
(281)
Other differences on consolidation restatements
46
66
Deferred non ‑ life acquisition costs
(47)
(46)
Tax differences on technical reserves and other contingent liabilities
262
255
Tax ‑ deferred capital gains
(4)
(4)
Valuation difference on mutual funds
22
129
Foreign exchange hedge
4
Other temporary tax differences
(5)
(14)
Subtotal of deferred taxes resulting from timing differences
423
(521)
Deferred taxes from stocks of ordinary losses
59
53
Deferred taxes recorded on the balance sheet
482
(468)
of which, assets
486
51
of which, liabilities
(4)
(519)
For France, deferred tax assets have been determined taking into account the corporate tax rate of 25.82%.
235
Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES
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