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

Financial assets and liabilities, fair value and management of financial risks

4.2.6.5

FINANCIAL ASSETS – CASH AND CASH EQUIVALENTS NOTE 22 Current/non-current breakdown 22 - A -

December 31, 2020

December 31, 2019

Non-current

Current

Total

Non-current

Current

Total

(€ million)

Daimler shares

951

- -

951

812

- -

812

Other investments in non-controlled entities

46

46

66

66

Marketable securities and negotiable debt instruments Derivatives on financing operations by the Automotive segments

-

426 298 457

426 393 618

-

1,375

1,375

95

49

216 625

265 770

04

Loans and other

161

145

TOTAL FINANCIAL ASSETS

1,253 1,255

1,181 1,207

2,434 2,462

1,072 1,072

2,216 2,221

3,288 3,293

Gross value Impairment

(2)

(26)

(28)

- - - -

(5)

(5)

Cash equivalents

- - -

10,340 11,357 21,697

10,340 11,357 21,697

8,375 6,607

8,375 6,607

Cash

TOTAL CASH AND CASH EQUIVALENTS

14,982

14,982

Information on the counterparty risks associated with financial assets and cash and cash equivalents is provided in note 25-B6. Daimler shares 22 - B - At December 31, 2020, investments in non-controlled entities include €951 million (€812 million at December 31, 2019) for the Daimler shares purchased under the strategic partnership agreement. These shares are carried at fair value through other components of comprehensive income by option. If the Daimler shares were sold, the gain on sale would not be transferred to profit and loss. Their fair value is determined by reference to the stock market price. At December 31, 2020, the stock market price (€57.79 per share) was higher than the acquisition price (€35.52 per share) and the unrealized gain on the Daimler shares held is €366 million. The increase in fair value over the year, amounting to €138 million (compared to a €57 million increase in 2019), is recorded in other components of comprehensive income for 2020.

Other investments in non-controlled entities 22 - C - At December 31, 2020, other investments in non-controlled entities include an amount of €27 million (€43 million at December 31, 2019) paid to the Fund for the Future of the Automotive ( Fonds Avenir Automobile ). Under the support plan for automotive industry suppliers introduced by the French authorities and carmakers, the Groupe Renault has made a commitment to pay a total of €200 million to this fund as contributions are called. The outstanding amount payable by Renault at December 31, 2020 is €49 million. The fair value of these investments is determined by reference to the most recent net asset value reported by the Fund’s management company, after adjustment for any relevant information that becomes known afterwards. Cash not available to the Group 22 - D - The Group has liquidities in countries where repatriation of funds can be complex for regulatory or political reasons. In most of these countries, such funds are used locally for industrial or sales financing purposes. Some current bank accounts held by the Sales Financing Securitization Fund are used to increase credit on securitized receivables, and consequently act as guarantees in the event of default on payment of receivables (note 15-B1). These current bank accounts amount to €670 million at December 31, 2020 (€540 million at December 31, 2019).

393

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020