Groupe Renault - 2020 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

Net taxes paid

Translation adjustment

and other December 31, 2020

December 31, 2019

(€ million)

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

(305)

305

(8)

-

1

1 9

(6)

(187)

(1)

-

(179)

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

86 21

79

(12)

153

-

(3) 14

18

(225)

(10)

(221)

-

-

-

-

TOTAL

(313)

(306)

375

9

(235)

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, 2020

December 31, 2019

(€ million)

Deferred tax assets Deferred tax liabilities Net deferred taxes

1,016

(209)

(68)

(92)

4

651

(1,044)

95

1

35

(9) (5)

(922) (271) (701)

(28)

(114)

(67) (74)

(57)

French tax consolidation group

(822)

176

19

-

AVTOVAZ

301 493

(267)

-

(43) (33)

(3) (2)

(12) 442

Other

(23)

7

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

2020

2019

(109)

(193)

Fixed assets excluding AVTOVAZ

(2,127)

(2,350)

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

798

815

Loss carryforwards excluding AVTOVAZ (2)

5,080

4,871

Other items excluding AVTOVAZ

605

783

NET DEFERRED TAX ASSETS (LIABILITIES) EXCLUDING AVTOVAZ

4,247

3,926

(23)

Fixed assets of AVTOVAZ

(18)

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

54

56

Loss carryforwards of AVTOVAZ

252 (33) (15) 240

327 (43)

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

(4,596)

(4,023)

Other unrecognized deferred tax assets

(162) (271)

(267)

NET DEFERRED TAX ASSETS (LIABILITIES) REPORTED

(28)

Including tax on future dividend distributions. (1) Including €4,546 million for the French tax consolidation group entities and €534 million for other entities at December 31, 2020 (€4,286 million and €585 million (2) respectively at December 31, 2019).

370 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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