PSA - 2019 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AT 31 DECEMBER 2019 Notes to the Consolidated Financial Statements at 31 December 2019

Consolidatedbalance sheet B. The impact of the first-time application of IFRS 16 on the consolidatedbalance sheet at 1 January 2019 concerns: for theassets, n the rights of use listed in tangible assets for an amount of n €1,507 million, the pre-paidexpensesin the Other receivablesfor a negative n amountof €7 million for theliabilities, n the leaseliabilitiesreportedunder: n the non-current financial liabilities for an amount of n €1,193 million, the current financial liabilitiesfor an amountof €305 million. n

Consolidatedstatement ofcash flows C. The impact of the first-time application of IFRS 16 on the consolidatedstatement of cash flows ofthe year 2019concerns: the net cash from (used in) operating activities of continuing n operationsfor a positive amount of €377 million; the net cash from (used in) financing activities of continuing n operations(paymentof lease liabilities)for a negativeamountof €377 million.

Reconciliation ofthe debts onlease obligationsand off-balance sheetcommitments D. as at 1 January 2019

At 1 January 2019

(in million euros)

Non-cancellable lease commitments

1,809 (40) (28) (221) (22) 1,498

Exemptions (less than twelve months and low-value)

Term

Discount rate

Others

LEASE LIABILITIES

FIRST APPLICATION OF IFRS 15 AND IFRS 9 IN 2018 – ACCOUNTING PRINCIPLES 2.4. AND IMPACTS ON THE 2017 CONSOLIDATED FINANCIAL STATEMENTS Accounting principles A.

The applicableaccountingprinciplesfor 2018 applyingIFRS 15and IFRS 9are described in thefollowingnotes: 5.1.A– Revenue; n 6.2 –Tradereceivables; n 10 – Currentandnon-currentprovisions; n 12..6.B--Hedging instruments (manufacturing and sales n companies); 12.7 –Financial instruments (manufacturing andsales companies); n 13.1 – Financing and financial instruments – Finance companies; n

The Group had chosen to apply IFRS 15 retrospectively. The opening and closing consolidatedstatementsof financial position for 2017, the consolidatedstatementof incomefor 2017 as well as the consolidated statement of cash flows for 2017 had been restated. For IFRS 9,the Grouphaddecidedto apply the threephases: on a prospectivebasis for phases 1 and 2, with the cumulative n impactof the transitionrecordedthroughthe adjustmentof the opening consolidated equity balance at 1 January 2018, and withoutrestatementof the comparativeperiod,as authorizedby the standard; on aprospectivebasiseffective 1 January 2018for phase 3. n

Impacton the 2017 consolidated financial statements B. Consolidated statement of income (1)

2017 Reported in February 2018

IFRS 15 impact in 2017

2017 Restated

(in million euros)

Continuing operations Sales and revenue

65,210 3,991 3,087 2,849 2,365

(2,954)

62,256 3,978 3,074 2,836 2,354

Adjusted operating income (loss)

(13) (13) (13) (11)

Operating income (loss)

Income (loss) before tax of fully consolidated companies Consolidated profit (loss) from continuing operations Operations held for sale or to be continued in partnership Profit (loss) from operations held for sale or to be continued in partnership CONSOLIDATED PROFIT (LOSS) FOR THE PERIOD

(7)

-

(7)

2,358 1,929

(11) (5) (6)

2,347 1,924

Attributable to Owners of the parent Attributable to Non controlling interests

429

423

179

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT