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 LIABILITIES AND DEBTS OF THE SALES FINANCING SEGMENT

December 31, 2020

<1 yr

Balance sheet value

Total contractual flows

0 to 3 months 3 to 12 months

Total

1 to 2 yrs 2 to 3 yrs 3 to 4 yrs 4 to 5 yrs >5 yrs

(€ million)

RCI Bank bonds 2014 RCI Bank bonds 2015 RCI Bank bonds 2016 RCI Bank bonds 2017 RCI Bank bonds 2018 RCI Bank bonds 2019 RCI Bank bonds 2020

501 759

500 750

500

- -

500

-

- -

- - -

- - -

- - - -

- - -

-

750

2,117 5,299 3,537 3,674 1,595

2,100 5,251 3,483 3,641 1,578

750 765

750 765

-

1,350

2,736

-

1,150

600

149

1,123 1,272

45

866

-

550 750

44

145

189

439 398

1,423

940

-

650

-

51 54

51 89

314

50 (4)

15 750

04

Accrued interest, expenses and premiums

78

77

35

1

(2)

(3)

(4)

TOTAL BONDS

17,560

17,380

728 775 921

2,888 3,616 1,465 2,240 826 1,747

4,369 1,617

3,951

2,136

1,162 2,146

Other debts represented by a certificate Borrowings from credit institutions

4,432 4,552

4,432 4,552

459

77 79

32 18

7

739

1,969

-

Lease liabilities

45

45

2

6

8

7

7

7

7

9

Other interest-bearing borrowings TOTAL OTHER FINANCIAL LIABILITIES Future interest on bonds and other financial liabilities Diac redeemable shares and subordinated debts

20,874 29,903

20,875 29,904

16,115 17,813

1,726 17,841 4,023 21,836

1,618 3,981

702

337 500

377 434

-

3,137

16

692

33

122

155

224

127

88

50

48

890

Derivatives on financing operations

84

25

1

8

9

15

-

-

1

-

TOTAL DEBTS AND FINANCIAL LIABILITIES OF THE SALES FINANCING SEGMENT

48,437

48,001

18,575

7,041 25,616 8,589 7,215 2,724 1,647 2,210

FINANCIAL LIABILITIES AND DEBTS OF THE MOBILITY SERVICES SEGMENT

December 31, 2020

<1 yr

Balance sheet value

Total contractual flows

0 to 3 months 3 to 12 months

Total

1 to 2 yrs 2 to 3 yrs 3 to 4 yrs

(€ million)

Other interest-bearing

28 28

28 28

15 15

- - -

15 15

- - -

- - -

13 13

Total other financial liabilities Derivatives on financing operations

1

1

-

-

1

TOTAL FINANCIAL LIABILITIES OF THE MOBILITY SERVICES SEGMENT

29

29

15

-

15

-

-

14

Financing by assignment of receivables and reverse factoring 23 - E - Automotive segments financing by assignment of receivables Some of the Automotive segment’s external financing comes from assignment of commercial receivables to non-Group financial establishments. Details of financing by assignment of commercial receivables is as follows:

December 31, 2020

December 31, 2019

Receivables assigned to non-Group entities and derecognized

Receivables assigned and not derecognized

Receivables assigned to non-Group entities and derecognized

Receivables assigned and not derecognized

(€ million)

Automotive (excluding AVTOVAZ)

1,467

- - -

1,805

- - -

AVTOVAZ

2

5

TOTAL ASSIGNED

1,469

1,810

The total amount of tax receivables assigned and derecognized in 2020 is €214 million, comprising €165 million of CIR receivables and €49 million of VAT receivables (€324 million of CIR receivables, €54 million of CICE receivables and €60 million of VAT receivables in 2019).

French tax receivables assigned outside the Group (the “CIR” Research Tax Credit), with transfer of substantially all the risks and benefits associated with ownership of the receivables, are only derecognized if the risk of dilution is deemed to be non-existent. This is notably the case when the assigned receivables have already been

397

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020