Groupe Renault - 2019 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

The fair value of the consideration paid at the acquisition date breaks down as follows: €5.9 million (411 million roubles) corresponding to the previous P investment. This valuation has led to recognition of a loss on the sale of the previously-held shares amounting to €(7.3) million, recorded in other operating expenses. €5.9 million in cash (411 million roubles). P

The costs of the takeover recorded in other operating expenses are not significant. Determination of the fair values of assets acquired and liabilities transferred will take place within 12 months. The assets acquired and liabilities transferred were recorded at their book value in the accounts of ZAO GM-AVTOVAZ, established under US GAAP and restated under IFRS at December 31, 2019. A breakdown of the net assets acquired is shown in the following table: At December 31, 2019 (€ million) (RUB million)

Property, plant and equipment and intangible assets

17 40

1,213 2,809

Other assets

Cash and cash equivalents

9

589

Provisions

(33) (13) (27)

(2,290)

Financial liabilities

(934)

Other liabilities

(1,872)

NET ASSETS ACQUIRED

(7)

(476)

At December 31, 2019, goodwill breaks down as follows:

At December 31, 2019 (€ million)

(RUB million)

Fair value of the consideration paid (A)

12 (7) (7) 19

822

ZAO – GM AVTOVAZ net assets – 100% acquired

(476) (476) 1,298

Share of net assets acquired (B) PROVISIONAL GOODWILL (A) - (B)

Consolidated income statement

4.2.6.3

REVENUES NOTE 4 Breakdown of revenues 4 – A –

2019

2018

(€ million)

Sales of goods - Automotive segment (including AVTOVAZ) Sales to partners of the Automotive segment (including AVTOVAZ)  (1)

43,901

44,226

6,203

8,046

Rental income on leased assets  (2)

630

578

Sales of other services

1,398 2,028

1,361 1,939

Sales of services - Automotive segments (including AVTOVAZ)

Sales of goods - Sales Financing segment

36

27

Rental income on leased assets  (2)

116

119

Interest income on sales financing receivables

2,210 1,043 3,369

2,100

Sales of other services  (3)

962

Sales of services - Sales Financing segment

3,181

TOTAL REVENUES 57,419 Most partners are automakers. The Automotive segments’ main partners are Nissan and Daimler. Sales to partners include sales of parts, components, and vehicles to be (1) sold under the partners’ own brands, and other services such as engineering developments. Rental income recorded by the Group on vehicle sales with a buyback commitment or fixed asset rentals. (2) Mainly income on services comprising insurance, maintenance, and replacement vehicles under a financing contract or otherwise. (3) 55,537

366 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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