Groupe Renault - 2019 Universal Registration Document

RENAULT: A RESPONSIBLE COMPANY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020

FINANCIAL STATEMENTS

GROUPE RENAULT

CORPORATE GOVERNANCE

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

Changes in Level 3 financial instruments 24 – B – Level 3 financial instruments mainly correspond to investments in non-controlled entities (€66 million at December 31, 2019 and €98 million at December 31, 2018). In an exception to the general approach, these instruments are still carried at historical cost, but if this is inappropriate they are valued on the basis of the share of net equity or using a method based on non-observable data. Impact of financial instruments on net income 24 – C –

Financial liabilities other than derivatives

Financial assets other than derivatives

Instruments measured at fair value through profit and loss

Instruments measured at fair value through equity

Instruments measured at amortized cost

Instruments designated at fair value through profit and loss

Instruments measured at amortized cost*

Total impact on net income

2019 (€ million)

Derivatives

Operating margin

-

-

79 75

- - - - - -

(37)

(8)

34

Net financial income (expenses) Impact on net income – Automotive (excluding AVTOVAZ) segment

(18)

59

(344)

(15)

(243)

04

(18)

59

154

(381)

(23)

(209)

Operating margin

-

- - -

6 3 9

-

- - -

6

Net financial income (expenses)

1 1

(88) (88)

(84) (78)

Impact on net income – AVTOVAZ segment

Operating margin

(45) (45) (62)

10 10 69

758 758 921

(2) (2) (2)

(681) (681)

99 139 99 139 76 (148)

Impact on net income – Sales Financing segment TOTAL GAINS (LOSSES) WITH IMPACT ON NET INCOME Including financial liabilities subject to fair value hedges. *

(1,150)

For the Automotive (excluding AVTOVAZ) and AVTOVAZ segments, the impact of financial instruments on the operating margin mainly corresponds to foreign exchange gains and losses on operating transactions. Fair value hedges 24 – D –

2019

2018

(€ million)

Change in fair value of the hedging instrument Change in fair value of the hedged item Net impact on net income of fair value hedges

74

26

(80)

(27)

(6)

(1)

Hedge accounting methods are described in note 2-X.

DERIVATIVES AND MANAGEMENT OF FINANCIAL RISKS NOTE 25 Derivatives and netting agreements 25 – A – Fair value of derivatives A1 The fair value of derivatives corresponds to their balance sheet value.

Financial liabilities and Sales Financing debts

Other liabilities

Financial assets

Other assets

December 31, 2019 (€ million) Cash flow hedges Fair value hedges

Non-current

Current

Current Non-current

Current

Current

- - -

- - -

- - -

- - -

- - -

8

- -

Net investment hedge in Nissan

Derivatives not qualified as hedging instruments

26 26

215 215

2 2

21 21

228 228

5

TOTAL FOREIGN EXCHANGE RISK

13

Cash flow hedges Fair value hedges

- -

- -

36

- -

77

- - - -

140

3 3

Derivatives not qualified as hedging instruments

23 23

1 1

-

28 28

TOTAL INTEREST RATE RISK

176

83

Cash flow hedges Fair value hedges

- - - -

- - - -

9

- - - -

- - - -

1

- -

- -

Derivatives not qualified as hedging instruments

TOTAL COMMODITY RISK

9

1

TOTAL

49

216

187

49

311

14

401

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019