Groupama // Universal Registration Document 2022
7
FINANCIAL STATEMENTS Combined financial statements and notes
The deferred tax amount shown in the table above corresponds to the application of first, a short ‑ term and long ‑ term tax rate on the unrealised gains on financial instruments classified as “available ‑ for ‑ sale assets”; and second, a short ‑ term tax rate on deferred profit sharing (“shadow accounting”). Under the rules for long ‑ term capital gains (losses) applicable as at 1 January 2006, the unrealised capital gains on “strategic” equity interests are exempt for the calculation of the deferred
tax up to a maximum percentage of costs and expenses ( i.e. an effective rate of 3.10%). “Cash flow hedge and other changes” totalling -€136 million includes -€117 million in cash flow hedge revaluation reserves and -€18 million in net investment hedge revaluation reserves. These reserves correspond to the effective portion of hedging operations implemented by the Group.
Note 24 Contingent liabilities
31.12.2022
France
International
Total
Provisions for pensions and similar obligations
Provisions for pensions and similar obligations
Other contingent
Other contingent
(1)
(1)
liabilities
Total
liabilities
Total
(in millions of euros)
OPENING BALANCE
383
116
499
29
52
80
580
Changes in the consolidation scope, changes in accounting policies, and transfers
(1)
(1)
(1)
Allocations for the period
69
55
124
5
17
21
145
Write ‑ backs for the period Foreign exchange variation CLOSING BALANCE
(148)
(73)
(221)
(7)
(9)
(16)
(237)
304
98
402
25
59
84
487
(1) Details are not provided for this line item because this information could seriously prejudice the Group in view of ongoing litigation proceedings.
31.12.2021
France
International
Total
Provisions for pensions and similar obligations
Provisions for pensions and similar obligations
Other contingent
Other contingent
(1)
(1)
liabilities
Total
liabilities
Total
(in millions of euros)
OPENING BALANCE
420
136
556
31
52
83
639
Changes in the consolidation scope, changes in accounting policies, and transfers Allocations for the period
95
71
166
4
15
20
186
Write ‑ backs for the period Foreign exchange variation
(132)
(91)
(222)
(6)
(16)
(21)
(244)
(1)
(1)
(1)
CLOSING BALANCE
383
116
499
29
52
80
580
(1) Details are not provided for this line item because this information could seriously prejudice the Group in view of ongoing litigation proceedings.
243
Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES
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