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

IMPAIRMENT AND PROVISIONS ESTABLISHED TO COVER COUNTERPARTY RISKS

Reversals

December 31, 2020

December 31,

For application

Of unused residual amounts

Notes

2019 Impairment

Other

(€ million)

Impairment of Sales Financing receivables Impairment of financing for end-customers Impairment of dealership financing Impairment of Automotive receivables*

15 15 15 16 17 22 20

(848) (747) (101) (815) (339)

(707) (634)

299 262

154 134

38 34

(1,064)

(951) (113) (898) (215)

(73)

37

20 24

4 7

(120)

6

Impairment of other receivables Impairment of other financial assets Provisions (commitments given)

96

- -

- -

28

(5)

(23)

- -

(28)

6

18

(1)

(10) 168

13

TOTAL COVERAGE OF COUNTERPARTY RISKS

(2,001)

(736)

304

73

(2,192)

04

Including €678 million of commercial receivables related to Iran at December 31, 2020 (€678 million at December 31, 2019). *

Cash flows and other information

4.2.6.6

CASH FLOWS NOTE 26 Other income and expenses with no impact on cash before interest and tax 26 - A -

2020

2019

(€ million)

Net allocation to provisions

353 255

(115)

Net effects of Sales Financing credit losses

67 23 33

Net (gain) loss on asset disposals

64 58

Change in fair value of other financial instruments

Net financial indebtedness

337 114 306

311 828 626 164

Deferred taxes Current taxes

Other

26

OTHER INCOME AND EXPENSES WITH NO IMPACT ON CASH BEFORE INTEREST AND TAX

1,513

1,937

Change in working capital before tax 26 - B -

2020

2019

(€ million)

Decrease (increase) in net inventories Decrease (increase) in net receivables Decrease (increase) in other assets Increase (decrease) in trade payables Increase (decrease) in other liabilities

(112)

165 390 155

338 212

(908) (722)

(161)

665

INCREASE (DECREASE) IN WORKING CAPITAL BEFORE TAX

(1,192)

1,214

Capital expenditure 26 - C -

2020

2019

(€ million)

Purchases of intangible assets

(1,500) (2,508) (4,008)

(2,086) (3,035) (5,121)

Purchases of property, plant and equipment (other than assets leased to customers)

TOTAL PURCHASES FOR THE PERIOD

Deferred payments

(200)

99

TOTAL CAPITAL EXPENDITURE

(4,208)

(5,022)

407

GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020