Groupama // Universal Registration Document 2022

7

FINANCIAL STATEMENTS Combined financial statements and notes

Note 33 IFRS 16 lease liabilities

33.1 IFRS 16 lease liabilities – by operating segment

31.12.2022

31.12.2021

France

International

Total

France

International

Total

(in millions of euros)

IFRS 16 lease liabilities

281

19

300

274

23

298

TOTAL

281

19

300

274

23

298

33.2 IFRS 16 lease liabilities – by maturity

31.12.2022

31.12.2021

< 1 year 1 to 5 years > 5 years

Total

< 1 year 1 to 5 years > 5 years

Total

(in millions of euros)

IFRS 16 lease liabilities

50

157

93

300

53

151

94

298

TOTAL

50

157

93

300

53

151

94

298

33.3 IFRS 16 lease liabilities – by currency and rate

31.12.2022

Currencies

Rate

Non ‑ eurozone

Eurozone

Fixed rate

Variable rate

(in millions of euros)

IFRS 16 lease liabilities

299

2

300

TOTAL

299

2

300

It should be noted that the Group has applied IFRS 16 since 1 January 2019: leases are now recognised as an asset, and the rent payment obligation is recognised as a liability. In assets User rights on operational properties are shown under note 6 – Operating property. User rights on other property, plant, and equipment under note 13 – Other property, plant, and equipment. Notes 6 and 13 reuse opening stocks, changes during the fiscal year affecting the gross value, amortisation & depreciation and the net book value and closing stocks. In the income statement Financial expenses on lease liabilities are shown on a separate line in note 44 – Financing expenses. Rent relating short ‑ term leases and low ‑ value goods are shown under note 39 – Operating expenses, in the “External expenses” line.

It should be noted that the Group recognised no expenses over the fiscal year relating to variable rents not included in the rental obligations valuation. Likewise, no profit or loss resulting from lease disposal transactions was recorded. The cash flow statement includes cash flows relating to leases. Off ‑ balance sheet commitment (note 48) Property contracts excluded from the scope of IFRS 16, being short ‑ term (mainly contracts with tacit renewal at the time the standard came to be applied on 1 January 2019) are shown at 31 December 2022 as off ‑ balance sheet commitments for the amount of rent still to be paid during the notice year. It should be noted that contracts whose leases have become tacit since 1 January 2019 are subject to events implicitly prolonging the leases in accordance with IFRIC’s position and thus remain within the scope of IFRS 16.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES