Groupe Renault - 2020 Universal Registration Document

04

CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS

OTHER CURRENT AND NON-CURRENT LIABILITIES NOTE 21

December 31, 2020

December 31, 2019

Non-current

Current

Total

Non-current

Current

Total

(€ million)

Current taxes due

-

221

221 185

2

223

225 195

Provisions for uncertain tax liabilities Tax liabilities (excluding current taxes due)

179

6

187

8

18 24

1,341 1,250 5,416 1,622

1,359 1,274 5,664 3,017

30 22

1,235 1,415 6,415 1,722

1,265 1,437 6,663 3,154

Social liabilities Other liabilities Deferred income

248

248

1,395

1,432

Derivatives on operating transactions of the Automotive segments

-

13

13

-

14

14

Total other liabilities

1,685 1,864

9,642 9,869

11,327 11,733

1,732 1,921

10,801 11,032

12,533 12,953

TOTAL

Other current liabilities mainly corresponds to asset payables amounting to €1,116 million, amounts payable under sales incentive programs (€1,883 million at December 31, 2020 and €2,455 million at December 31, 2019) and deferred income recorded in connection with sales contracts including a buyback commitment (€660 million at December 31, 2020 and €675 million at December 31, 2019).

Deferred income includes deferred income on Automotive service contracts such as maintenance and warranty extension contracts, and advances received under cooperation contracts with partners. This income concerns payments received under contracts defining a customer payment schedule that does not depend on the Group’s execution of its performance obligation (advance payment in full, or regular payments due at the end of specified periods). Deferred income is transferred to revenues over the duration of the contracts, and breaks down as follows:

Automotive service contracts

Cooperation contracts

2020 1,084

2019*

2020 1,331

2019 1,295

(€ million)

Deferred income at January 1

1,035

556

473

223

325

Deferred income received during the period

Deferred income recognized in revenues during the period

(616)

(425)

(248)

(287)

Change in scope of consolidation

-

-

-

-

Translation adjustments and other changes

(13)

1

(4)

(2)

Deferred income at December 31

1,011

1,084

1,301

1,331

To be recognized in revenues – within one year

914

446 573

189 244 867

264 513 554

in 1 to 3 years in 3 to 5 years

87 10

65

The figures at December 31, 2019 have been restated to include automotive service contracts of the Sales Financing segment. *

392 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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