Groupe Renault - 2020 Universal Registration Document

04

RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS

Commitments given and received 4.4.2.20 Off-balance-sheet commitments are as follows:

2020

2019

Total

Of which related companies

Total

Of which related companies

(€ million)

Commitments received Guarantees and deposits Open, unused credit lines

3,430 3,430

3,480 3,480

TOTAL

Commitments given Guarantees and deposits

830 484

700 484

830 487

700 487

Open, unused opened credit lines

TOTAL

1,314

1,184

1,317

1,187

As part of the management of RCI Banque’s major risk ratio, Renault SA entered into a pledging agreement in 2010 for a deposit of €700 million by Renault SA with RCI Banque. There are no covenants on credit lines opened but unused. Contingent liabilities In the ongoing “emissions” affair in France, Renault is aware that a formal legal investigation was opened on January 12, 2017 at the request of the Paris public prosecution office. This stage in the procedure was seen as an indication that the French prosecution office wished to pursue this matter. No provision was recognized at December 31, 2020. In the proceedings concerning the request for a preliminary ruling regarding another carmaker, the Court of Justice of the European Union (CJEU) issued its interpretative judgment on December 17, 2020. This ruling is binding for national laws. The potential consequences of the next steps in these ongoing proceedings cannot

be reliably estimated at this stage, and no provision was recognized in connection with this matter at December 31, 2020. On January 9, 2019 the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato – AGCM) fined RCI Banque €125 million, with Renault SA jointly liable for payment of the fine. The Group is contesting the grounds for this fine and intends to appeal against the decision. Renault considers that the probability of the decision being cancelled or fundamentally amended by a court is high. Due to the large number of variables affecting the amount of the fine, if upheld, it is impossible to reliably estimate the amount that could be payable at the end of the proceedings. On April 3, 2019 Renault’s application for suspension of the payment was accepted, with arrangement of a bank guarantee. On October 21, 2020 the court cancelled the AGCM’s decision in its entirety, and the AGCM filed an appeal against that ruling on December 21, 2020. No provision was recognized in connection with this matter at December 31, 2020.

Other information Cash flow 4.4.2.21 Cash flow is determined as follows:

2020

2019

(€ million)

Net income

(139)

383

Increases to provisions and deferred charges Net increase to provisions for risks and liabilities

24

8

(61)

(64) 268

Net increases to impairment provisions

(278)

Net profit on assets sold

436 (18)

TOTAL

595

Workforce 4.4.2.22 Renault SA has no employees.

The Chairman of the Board of Directors does not receive attendance fees for his term as director. Compensation excluding social security charges recognized in the income statement in 2020, including the provisional variable portion, amounts to €2 million. A total of 102,500 performance shares were awarded to corporate officers in 2020.

Directors’ fees and compensation 4.4.2.23 of corporate officers The net amount of attendance fees to be paid to directors amounts to €763,374 in respect of 2020 (€1,212,748 paid for 2019).

436 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020

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