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

December 31, 2020

December 31, 2019

Main actuarial assumptions and actual data for the Group’s supplementary pensions in the UK

Automotive excl. AVTOVAZ

Sales Financing

Automotive excl. AVTOVAZ

Sales Financing

Financial discount rate* Pension inflation rate

1.40%

1.40%

2.1% 2.8%

2.1% 2.8%

N/A

N/A

Duration of plan

19 years

21 years

20 years 12.74%

23 years 15.52%

Actual return on fund assets

7% to 7.2% €395 million €323 million

7.84%

Gross obligation

€48 million €32 million

€370 million €319 million

€44 million

Fair value of assets invested via pension funds €31 million The discount rate was determined by reference to the interest rate curve established by Deloitte based on the iBoxx £ index for AA-rated corporate bonds (DTRB £ AA * corporate bond yield curve).

Net expense for the year 19 - C -

04

2020

2019

(€ million)

Current service cost

88

98

Past service cost and (gain)/loss on settlement Net interest on the net liability (asset) Effects of workforce adjustment measures

1

(84)

16 (1)

28

-

Net expense (income) for the year recorded in the income statement

104

42

Detail of balance sheet provision 19 - D - Breakdown of the balance sheet provision D1

December 31, 2020

Present value of the obligation

Fair value of fund assets

Net defined-benefit liability (asset)

(€ million)

Retirement and termination indemnities France

1,275

(1)

1,274

Europe (excluding France)

15

- - - -

15

Americas

2 2

2 2

Africa – Middle–East – India – Asia-Pacific

53

53

Eurasia (1)

TOTAL RETIREMENT AND TERMINATION INDEMNITIES

1,347

(1)

1,346

Supplementary pensions France

81

(79)

2

United Kingdom

443 365

(355) (236)

88

Europe (excluding France and the United Kingdom) (2)

129

Africa – Middle–East – India – Asia-Pacific

3 4

- -

3 4

Americas

TOTAL SUPPLEMENTARY PENSIONS

896

(670)

226

Other long-term benefits France (3) Europe (excluding France)

71

- - - -

71

3 1

3 1

Americas

TOTAL OTHER LONG-TERM BENEFITS

75

75

2,318

(671)

1,647

TOTAL (4)

Essentially Romania and Turkey. (1) Essentially Germany and Switzerland. (2) Flexible holiday entitlements and long-service awards. (3) Total net liability due within one year: €103 million; total net liability due after one year: €1,544 million. (4)

389

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020