Groupe Renault - 2019 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Breakdown of sales financing receivables by level of risk 15 – D –

Financing for final customers

December 31, 2019

Dealer financing

(€ million)

Gross value

35,321 31,690

10,901 10,527

46,222 42,217

Healthy receivables

Receivables showing higher credit risk since initial recognition

3,034

298

3,332

Receivables in default

597

76

673

% of total receivables in default

1.7% (747)

0.7% (101)

1.5% (848) (151) (177) (520)

Impairment

Impairment in respect of healthy receivables

(94)

(57) (10) (34)

Impairment in respect of receivables showing higher credit risk since initial recognition

(167) (486)

Impairment in respect of receivables in default

Total net value

34,574

10,800

45,374

Financing for final customers

Dealer financing

December 31, 2018

(€ million)

Gross value

32,614 28,754

10,233

42,847 38,459

Healthy receivables

9,705

Receivables showing higher credit risk since initial recognition

3,324

445

3,769

Receivables in default

536

83

619

% of total receivables in default

1.6% (670)

0.8% (110)

1.4% (780) (162) (164) (454)

Impairment

Impairment in respect of healthy receivables

(93)

(69) (10) (31)

Impairment in respect of receivables showing higher credit risk since initial recognition

(154) (423)

Impairment in respect of receivables in default

Total net value

31,944

10,123

42,067

Customer credit risk is assessed (using a scoring system) and monitored by type of activity (customers and dealers). There is no indication at the year-end that the quality of sales financing receivables not yet due or unimpaired has been adversely affected, nor is there any significant concentration of risks within the sales financing customer base as defined by the regulations.

Exposure of sales financing to credit risk 15 – E – The maximum exposure to credit risk for the Sales Financing activity is represented by the net book value of sales financing receivables plus the amount of irrevocable financing commitments for customers reported under off-balance sheet commitments given (note 28-A). This risk is reduced by guarantees provided by customers, as reported in off-balance sheet commitments received (note 28-B). In particular, guarantees held in connection with overdue or impaired sales financing receivables amounted to €821 million at December 31, 2019 (€678 million at December 31, 2018).

382 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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