Groupe Renault - 2020 Universal Registration Document

GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021

FINANCIAL STATEMENTS

GROUPE RENAULT

CORPORATE GOVERNANCE

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

Consolidated cash flows 4.2.5

2020

Notes

2019

(€ million)

Net income

(8,046)

19

Cancellation of dividends received from unconsolidated listed investments

(11)

(46)

Cancellation of income and expenses with no impact on cash Depreciation, amortization and impairment Share in net (income) loss of associates and joint ventures

4,750 5,145 1,513

3,809

190

Other income and expenses with no impact on cash before interest and tax

26-A

1,937

Dividends received from unlisted associates and joint ventures

5

4

3,356

5,913

Cash flows before interest and tax (1)

04

11

625

Dividends received from listed companies (2) Net change in financing for final customers Net change in renewable dealer financing Decrease (increase) in Sales Financing receivables Bond issuance by the Sales Financing segment Bond redemption by the Sales Financing segment Net change in other debts of the Sales Financing segment

287

(2,612)

2,820 3,107 1,598

(659)

(3,271)

23-C 23-C

3,869

(2,621)

(4,034)

2,195

3,696 (428) 3,103

Net change in other securities and loans of the Sales Financing segment Net change in financial assets and debts of the Sales Financing segment

884

2,056 (929)

Change in capitalized leased assets Change in working capital before tax

(1,059)

26-B

(1,192)

1,214 6,525

CASH FLOWS FROM OPERATING ACTIVITIES BEFORE INTEREST AND TAX

6,409

Interest received

71

78

Interest paid

(352) (375) 5,753

(368) (636) 5,599

Current taxes (paid)/received

CASH FLOWS FROM OPERATING ACTIVITIES

Property, plant and equipment and intangible investments Disposals of property, plant and equipment and intangible assets Acquisitions of investments involving gain of control, net of cash acquired

26-C

(4,208)

(5,022)

187

31

-

5

Acquisitions of other investments

(129)

(157)

Disposals of investments involving loss of control, net of cash transferred

-

2

Disposals of other investments

(146)

36 (2)

Net decrease (increase) in other securities and loans of the Automotive segments

57

CASH FLOWS FROM INVESTING ACTIVITIES Dividends paid to parent company shareholders Transactions with non-controlling interests Dividends paid to non-controlling interests

(4,239)

(5,107) (1,035)

18-D

-

10

(10) (96) (36)

18-H

(21) (44) (55)

(Acquisitions) sales of treasury shares

Cash flows with shareholders

(1,177)

Bond issuance by the Automotive segments Bond redemption by the Automotive segments

23-C 23-C

1,000 (590) 5,250 5,660 5,605 7,119

1,557 (574)

Net increase (decrease) in other financial liabilities of the Automotive segments

(59) 924

23-B

Net change in financial liabilities of the Automotive segments

CASH FLOWS FROM FINANCING ACTIVITIES

(253)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

239

Cash flows before interest and tax do not include dividends received from listed companies. (1) Dividends received from Daimler (€11 million in 2020 and €46 million in 2019) and Nissan (€579 million in 2019). (2)

2020

2019

(€ million)

Cash and cash equivalents: opening balance Increase (decrease) in cash and cash equivalents Effect of changes in exchange rate and other changes Cash and cash equivalents: closing balance* Cash subject to restrictions on use is described in note 22-D. *

14,982

14,777

7,119 (404)

239 (34)

21,697

14,982

343

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020