Groupe Renault - 2020 Universal Registration Document

04

RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS

At December 31 2020, Renault SA had made three drawdowns totaling €4 billion: €2 billion drawn on August 5, 2020, €1 billion on September 22, 2020 and €1 billion on December 23, 2020. The remaining €1 billion credit was no longer available at December 31, 2020. For the initial recognition of the first two drawdowns, Renault SA had estimated that it would be able to repay any drawdowns without using the extension option. Due in particular to the second lockdown measures implemented in France at the end of October 2020 and the possible consequences of the second wave of the COVID-19

pandemic on the Group’s liquidity, the prospect of not extending these two drawdowns was revised at the end of 2020. In the event of an extension, the drawdowns are repayable in thirds in 2022, 2023 and 2024 on the anniversary dates of the drawdowns, with Renault SA having the option of early repayment of the remaining maturities on each repayment date. At December 31, even though no extension option had yet been exercised by the Group, the three drawdowns are due on the balance sheet in 1 to 2 years for €1,320 million, in 2 to 3 years for €1,320 million and in 3 to 4 years for €1,360 million.

December 31, 2019

Total

<1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years

(€ million)

Nominal value Accrued interest

435

95

75

25

50

190

3

3

TOTAL

438

98

75

25

50

190

BREAKDOWN BY CURRENCY

December 31, 2020 December 31, 2019 Before hedging After hedging Before hedging After hedging

(€ million)

Euro

4,403 4,403

4,403 4,403

438 438

438 438

TOTAL

BREAKDOWN BY INTEREST RATE TYPE

December 31, 2020 December 31, 2019 Before hedging After hedging Before hedging After hedging

(€ million)

Fixed Rate

4,275

4,275

266 172 438

361

Floating Rate

128

128

77

TOTAL

4,403

4,403

438

Other loans and financial debts C. Other loans and financial debts amounted to €3,942 million at December 31, 2020 (€3,214 million in 2019), and principally comprise: €2,624 million in borrowings from Group subsidiaries with surplus P cash;

€1,318 million in treasury notes. P No loans or financial debts are secured or have a duration of over one year. No loans are secured by security rights ( sûretés réelles ).

Other liabilities 4.4.2.16 Changes in other liabilities were as follows:

At start of year

Change

At year-end

(€ million)

Trade payables and related accounts

3 1 8

3 1

Social liabilities Tax liabilities

681

689

Liabilities related to other assets

5 6

5 2

Other liabilities

(4)

TOTAL*

692 692

8

700 201 499

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

The variation in tax liabilities is mainly due to a €8 million increase in the tax consolidation.

434 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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