Groupe Renault - 2019 Universal Registration Document

04

RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Commitments given and received 4.4.2.20 Off-balance-sheet commitments are as follows:

2019

2018

Concerning related companies

Concerning related companies

Total

Total

(€ million)

Commitments received Guarantees and deposits Unused opened credit lines Commitments given Guarantees and deposits Unused opened credit lines TOTAL

3,480 3,480

3,480 3,480

830 487

700 487

715 491

700 491

TOTAL

1,317

1,187

1,206

1,191

As part of the management of RCI Banque’s major risk ratio, Renault SA entered into a pledging agreement in 2010 for a deposit of €700 million by Renault SA with RCI Banque. There are no restrictive clauses on credit lines opened but unused. Contingent liabilities As part of the ongoing procedure in France on the issue “emissions”, Renault took note of the opening of a judicial inquiry. This new stage in the proceedings indicates the prosecutor’s wish to continue the investigations. No provision has been made in the accounts at December 31, 2019 (or December 31, 2018).

On January 9, 2019 the Italian Competition Authority ( Autorità Garante della Concorrenza e del Mercato ) fined RCI Banque €125 million, and Renault SA is jointly liable for payment of the fine. The Group is contesting the grounds for this fine and intends to appeal against the decision. Renault considers that the probability of the decision being cancelled is high. Also, due to the large number of variables affecting the amount of the fine, if upheld, it is impossible to reliably estimate the amount that could be payable at the end of the proceedings. Consequently, no provision has been recognized in connection with this matter at December 31, 2019. On April 3, 2019 Renault’s application for the suspension of the payment was accepted, with arrangement of a bank guarantee. The next court hearing is scheduled for February 26, 2020.

Other information Cash flow 4.4.2.21 Cash flow is determined as follows:

2019

2018 1 726

(€ million)

Net income

383

Increases to provisions and deferred charges Net increase to provisions for risks and liabilities

8

7

(64) 268

28

Net increases to impairment Net profit on assets sold

(10)

(0)

TOTAL

595

1 752

Workforce 4.4.2.22 Renault SA has no employees.

Information on supplier and customer 4.4.2.24 invoice payment times Under article L. 441-6-1 of the French commercial code ( code de commerce ), as Renault SA has no commercial activity this report does not contain details of supplier and customer invoice payment times. The relevant information can be found in the Renault s.a.s management report.

Directors’ fees and compensation of 4.4.2.23 corporate officers Directors’ fees amounted to €1,500,000 in 2019 (€1,499,750 paid for 2018, of which €48,000 were for the function of Chairman). The Chairman of the Board of Directors does not receive attendance fees for his term as director. Compensation excluding social security charges recognized in the income statement in 2019, including the provisional variable portion, amounts to €2 million. 5,520 performance shares were awarded to company officers in 2019.

436 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019

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