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

RECEIVABLES NOTE 16 NET VALUE OF RECEIVABLES

December 31, 2020

December 31, 2019

(€ million)

Gross value

1,808 (889)

2,073 (807)

Impairment for incurred credit losses* Impairment for expected credit losses

(9)

(8)

NET VALUE

910

1,258

Including -€678 million related to Iran at December 31, 2020. *

These receivables do not include accounts receivable assigned to the Group’s sales financing companies or other non-Group entities when substantially all the risks and benefits associated with ownership of the receivables are transferred. The risk of dilution (essentially the risks of non-settlement after a commercial dispute) is retained by the Group, but is considered negligible. Receivables assigned in this way to Group sales financing companies are included in sales financing receivables, principally dealership receivables.

Furthermore, there is no significant concentration of risks within the customer base of the Automotive (excluding AVTOVAZ), AVTOVAZ, and Mobility Services segments, and no single external customer accounts for more than 10% of the total revenues of those segments. The management policy for credit risk is described in note 25-B6. The maximum exposure to credit risk for receivables is represented by the net book value of those receivables. The impairment model for Automotive receivables is presented in notes and 2-G. Details of fair value are given in note 24-A.

04

OTHER CURRENT AND NON-CURRENT ASSETS NOTE 17

December 31, 2020

December 31, 2019

Non-current

Current

Total Non-current

Current

Total

(€ million)

Prepaid expenses

133 213

315

448

179 314

456

635

Tax receivables (excluding current taxes due) Tax receivables (on current taxes due)

1,567

1,780

1,884

2,198

18

153

171

21

86

107

Other receivables

501

1,731

2,232

605 105

1,555

2,160

Investments and capitalizable advances in controlled unconsolidated entities* Derivatives on operating transactions of the Automotive segments Derivatives on financing transactions of the Sales Financing segment

91

-

91 31

-

105

- -

31

- -

10

10

230

230

177

177

TOTAL

956

4,027 4,106

4,983 5,198 (215)

1,224 1,361 (137)

4,168 4,370 (202)

5,392 5,731 (339)

Gross value Impairment

1,092 (136)

(79)

Investments of over €10 million in controlled unconsolidated entities concern Renault-Nissan B.V. and Kadensis. *

(software development for taxis) and Marcel (a private car hire app), which are fully consolidated in 2020. The investment in Marcel was

Investments in controlled unconsolidated entities At December 31, 2020, controlled unconsolidated entities are individually non-significant. In 2019, controlled unconsolidated entities included Flit Tech (a taxi reservation platform), iCabbi

sold in September 2020.

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020