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

INVESTMENTS IN OTHER ASSOCIATES AND JOINT VENTURES NOTE 13 Details of investments in other associates and joint ventures are as follows in the Group’s financial statements:

2020

2019

(€ million)

Consolidated income statement Share in net income (loss) of other associates and joint ventures Associates accounted for under the equity method (1) Joint ventures accounted for under the equity method (2) Consolidated financial position Investments in other associates and joint ventures Associates accounted for under the equity method Joint ventures accounted for under the equity method

(175)

(432)

(24)

43

(151)

(475)

502 380 122

610 479

04

131 €73 million of the loss recorded in 2020 corresponds to impairment determined by Renault in respect of production assets of Renault-Nissan Automotive India Private (1) Limited (RNAIPL) due to lower volume forecasts (note 13-A). The loss recorded in 2020 principally corresponds to impairment of the investments in Renault Brilliance Jinbei Automotive Company and Renault Algérie Production (2) (note 13-C).

Information on the principal other associates and joint ventures accounted for under the equity method 13 - A -

Percentage ownership and voting rights held by the Group Investments in other associates and joint-ventures at December 31, 2020 December 31, 2020 December 31, 2019

Investments in other associates and joint ventures at December 31, 2019

Country of location Main activity

Name

Associates Automotive (excluding AVTOVAZ) Motorlu Araclar Imal ve Satis AS (MAIS) Renault-Nissan Automotive India Private Limited (RNAIPL)*

Turkey

Automotive sales

49%

49%

76

59

India

Vehicle manufacturing

30%

30%

115

210

Sales Financing

Automotive Sales Financing

RN Bank

Russia

30%

30%

76

84

Joint ventures Automotive (excluding AVTOVAZ) Renault Algérie Production Dongfeng Renault Automotive Company

Algeria

Vehicle manufacturing

49%

49% 50%

- -

22

China

Carmaker

0%

-

Commercial vehicle manufacturing Finance for new technology start-ups

Renault Brilliance Jinbei Automotive Company China

49%

49%

-

-

Alliance Ventures B.V.

Netherlands

40% 50% 50%

40% 50% 50%

89

61

Alliance Mobility Company Japan Alliance Mobility Company France

Japan France

Mobility services Mobility services

- -

3 4

Other non-significant associates and joint ventures

146 502

167

TOTAL 610 The decrease in the value of this associate is principally explained by the €73 million loss recorded in 2020, corresponding to impairment determined by Renault due to * lower volume forecasts. As RNAIPL is 70%-owned by Nissan, this impairment also contributes to Nissan’s 2020 net income under IFRS (Renault’s share: €74 million) leading to a total impact of €147 million on the net income of associates and joint ventures. This impairment is not recognized in Nissan’s consolidated income statement under Japanese GAAP as it does not comply with the Japanese accounting rules. The tables below show the total amount of sales and purchases made between the Groupe Renault and the principal other associates and joint ventures accounted for by the equity method, as well as the Groupe Renault’s balance sheet positions with those entities.

2020

2019

(€ million)

Sales to other associates and joint ventures

Sales to other associates and joint ventures

In the consolidated income statement

Purchases

Purchases

Motorlu Araclar Imal ve Satis AS (MAIS)

1,589

(4)

817

(2)

Renault-Nissan Automotive India Private Limited (RNAIPL)

5

(336)

6

(406)

RN Bank

-

(5)

-

(11)

Renault Algérie Production

3 5

(10)

3

(125)

Dongfeng Renault Automotive Company

-

67

(30)

379

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020