Groupe Renault - 2020 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Schedule of amounts related to net defined-benefit liability D2

December 31, 2020

<1 year

1 to 5 years

5 to 10 years

>10 years

Total 2,318 (671) 1,647

(€ million)

Present value of obligation Fair value of plan assets

117 (11) 106

315 (61) 254

405 (79) 326

1,481 (520)

Net defined-benefit liability (asset)

961

The weighted average duration of plans is 14 years at December 31, 2020 (15 years at December 31, 2019).

Changes in obligations, fund assets and the provision 19 - E -

Present value of the obligation (A)

Fair value of the fund assets (B)

Net defined-benefit liability (A) + (B)

(€ million)

Balance at December 31, 2019

2,315

(615)

1,700

Current service cost

88

- -

88

Past service cost and gain/loss on plan curtailment, modification and settlement

1

1

Net interest on the net liability (asset) Effects of staff adjustment measures

25 (1)

(9)

16 (1)

-

Net expense (income) for 2020 recorded in the income statement (Note 19-C) Actuarial gains and losses on the obligation resulting from changes in demographic assumptions Actuarial gains and losses on the obligation resulting from changes in financial effects Actuarial gains and losses on the obligation resulting from experience effects

113

(9)

104

3

-

3

106 (11)

(16)

90

-

(11) (20)

Net return on fund assets (not included in net interest above)

-

(20) (36) (28)

Net expense (income) for 2020 recorded in other components of comprehensive income

98

62

Employer’s contributions to funds Employee’s contributions to funds

- -

(28)

(2) 19 20

(2)

Benefits paid under the plan

(100)

(81)

Effect of changes in exchange rate

(25) (83)

(5)

Effect of changes in scope of consolidation and other*

(20)

(103)

Balance at December 31, 2020 1,647 These effects include the reclassification of €108 million from retirement indemnities to provisions for restructuring, for employees who will benefit from indemnities under * the Collective Contractual Separation plan. 2,318 (671)

Accumulated actuarial gains and losses, net of tax (excluding the associates’ share) recorded in other components of comprehensive income amounted to an expense of €855 million at December 31, 2020 (an expense of €735 million at December 31, 2019). A 100 base point decrease in discount rates used for each plan would result in a €569 million increase in the amount of obligations at

December 31, 2020 (€420 million at December 31, 2019), and a 100 base point increase in discount rates used for each plan would result in a €452 million decrease in the amount of obligations at December 31, 2020 (€322 million at December 31, 2019).

390 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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