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

RENAULT SA ANNUAL FINANCIAL STATEMENTS

Receivables and other assets 4.4.2.11 Receivables mainly comprise: an unbilled receivable of €198 million for performance shares (€247 million in 2019), under the reinvoicing agreement between Renault SA P and Renault s.a.s introduced in 2012; tax receivables: P (€ million) At start of year Increases Decreases At year-end Tax receivables CIR: Research Tax Credit 156 143 (172) 127 CICE: Competitiveness and Employment Tax Credit 0 0 Other tax receivables 29 6 (1) 34 TOTAL GROSS VALUES* 185 149 (173) 161 TOTAL NET 185 149 (173) 161 Current portion (less than one year) * Long-term portion (over 1 year) 7 179 9 152

04

The increases mainly concern the Research Tax Credit receivables for the year (€143 million). The decreases principally result from the assignment of €164 million of the 2019 Research Tax Credit receivable, and the redemption of the balance of the 2016 Research Tax Credit. No impairment of tax receivables was recognized at the end of 2020. The major components of other assets are: deferred charges consisting of final payments and issuance P expenses on various loans;

redemption premiums on several long-term loans (five to seven P years); unrealized foreign exchange losses corresponding to unrealized P losses on borrowings issued in yen (€4 million), which are covered by a provision, and a €177 million foreign exchange difference on repayment of borrowings issued in yen used for the Nissan hedge, which is recorded in a cash instrument valuation difference account.

At start of year

Increases

Decreases

At year-end

(€ million)

Other assets Deferred charges

12 20

17

(3) (4)

26 16

Bond redemption premiums

Unrealized foreign exchange losses

170 202 177 25

98

(87) (94)

181 223 201 22

TOTAL*

115

Current portion (less than one year) * Long-term portion (over 1 year)

Shareholders’ equity 4.4.2.12 Changes in shareholders’ equity were as follows:

Balance at start of year

Allocation of 2019 net income

2020 Net income

Balance at year-end

Dividends

Other

(€ million)

Share capital Share premium

1,127 4,782 5,520

1,127 4,782 1,667

Equity valuation difference Legal and regulated reserves

(3,853)

113

113

Retained earnings

8,864

383

9,248 (139)

Net income

383

(383)

(139) (139)

TOTAL

20,789

0

0

(3,853)

16,798

Non-distributable reserves amounted to €1,780 million at December 31, 2020. The change in equity valuation difference mainly consists of the evolution of the value of Renault s.a.s shares under the equity method for -€3,828 million, of Dacia shares valued under the equity method for -€19 million and of Sofasa shares valued under the equity method for -€6 million euros.

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GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020