Groupe Renault - 2019 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Changes in current tax liabilities, current tax receivables and provisions for uncertain tax liabilities 8 – C –

Current taxes in the income statement

Translation adjustment and other December 31, 2019

December 31, 2018

Net taxes paid

(€ million)

Current taxes excluding uncertain tax positions Provisions for uncertain tax liabilities – short- term Provisions for uncertain tax liabilities – long-term

(570)

570

(22)

(5)

12 13

7

(8)

(140)

(51)

(9)

(187)

Tax receivables – short-term Tax receivables – long-term Current tax liabilities – short-term Current tax liabilities – long-term

111

(28)

3

86 21

19

5

(3)

(289)

64

- -

(225)

-

-

-

TOTAL

(321)

(626)

636

(2)

(313)

Breakdown of net deferred taxes 8 – D – Change in deferred tax assets and liabilities D1

Income statement*

Other components of comprehensive income

Translation adjustments

Other December 31, 2019

December 31, 2018

(€ million)

Deferred tax assets Deferred tax liabilities Net deferred taxes

952

86

(35)

32

(19)

1,016

(135)

(914) (828) (952)

3

(22)

24

(1,044)

817 178 196 443

(32) (46)

10

5

(28)

French tax consolidation group

-

(20)

(840)

AVTOVAZ

70 54

-

31

4

301

Other 511 The deferred tax charge for 2019 includes the effect of discontinued recognition of deferred tax assets on tax loss carryforwards related to entities included in the French * tax consolidation group (see note 8-A). 14 (21) 21

Breakdown of net deferred tax assets by nature D2 (€ million) Deferred taxes on: Investments in associates and joint-ventures excluding AVTOVAZ  (1)

2019

2018

(193)

(181)

Fixed assets excluding AVTOVAZ

(2,350)

(2,044)

Provisions and other expenses or valuation allowances deductible upon utilization excluding AVTOVAZ

815

750

Loss carryforwards excluding AVTOVAZ  (2)

4,871

4,434

Other items excluding AVTOVAZ

783

764

NET DEFERRED TAX ASSETS (LIABILITIES) EXCLUDING AVTOVAZ

3,926

3,723

Fixed assets of AVTOVAZ

(23)

(16)

Provisions and other expenses or valuation allowances deductible upon utilization of AVTOVAZ

56

54

Loss carryforwards of AVTOVAZ

327 (43)

294 (42) (12) 278

Non-interest bearing financial liabilities in roubles of AVTOVAZ

Other items of AVTOVAZ

19

NET DEFERRED TAX ASSETS (LIABILITIES) OF AVTOVAZ Unrecognized deferred tax assets related to tax losses (note 8-D3)

336

(4,023)

(2,944)

Other unrecognized deferred tax assets

(267)

(240)

NET DEFERRED TAX ASSETS (LIABILITIES) REPORTED

(28)

817

Including tax on future dividend distributions. (1) Including €4,286 million for the French tax consolidation group entities and €585 million for other entities at December 31, 2019 (€3,864 million and €570 million (2) respectively at December 31, 2018).

370 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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