PSA - 2019 Universal Registration Document

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

The impact of the first applicationof IFRS 15 on the consolidated Faureciais consideredas an agent. Indeed,these componentsare revenuepublishedfor 2017 for GroupePSA was €2,954 millionfor usedin catalystand theirtechnicalspecificationsare directlysettled the Group excludinginter companies’revenue, and €3,220 million betweenfinal customerand monolithsproducer.They are bought for the AutomotiveEquipmentsegment.The impactwas only from by Faureciato be integratedto emissioncontrol systems sold to the AutomotiveEquipmentsegmentand mainly concernssales of final customers without direct added value. monoliths (1) by Faurecia,productsorderedby customersfor whom (1) Monoliths are preciousmetals andceramicsused in emission control systems. Consolidated statement of financial position (2)

At 31 December 2017 Reported in February 2018

IFRS 15 impact in 2017

At 1 January 2018 IFRS 9 & 15 restated

ASSETS (in million euros)

At 31 December 2017 Restated

IFRS 9 impact

Total non-current assets

31,006

298

31,304 13,283

11

31,315 13,280

Operating assets

13,171 1,269

112

(3)

Current financial assets Financial investments Cash and cash equivalents

- - -

1,269

- - -

1,269

165

165

165

11,894

11,894 26,611 57,915

11,894

Total current assets

26,499 57,505

112

(3)

26,608 57,923

TOTAL ASSETS

410

8

EQUITY AND LIABILITIES (in million euros)

At 31 December 2017 Reported in February 2018

IFRS 15 impact in 2017

At 1 January 2018 IFRS 9 & 15 restated

At 31 December 2017 Restated

IFRS 9 impact

Equity Total equity

16,720 11,551 26,703

(14)

16,706 11,551 27,127

8

16,714 11,551 27,127

Total non-current liabilities

-

- - - -

Operating liabilities

424

Current financial liabilities Total current liabilities

2,531

-

2,531

2,531

29,234 57,505

424 410

29,658 57,915

29,658 57,923

TOTAL EQUITY AND LIABILITIES

8

The impactsof the application of IFRS 15, at 1 January 2017,were thefollowing: €410 million on assets (€298 million on non-current assets and€112 millionon operatingassets); n €424 millionon operating liabilities; n €(14) millionon equity. n

Restatement Financing activities (1)

2017 Reported in February 2018

IFRS 15 impact in 2017

2017 Restated

(in million euros)

Funds from operations Changes in working capital

5,350

63 115

-

5,413

(73)

4

46

Net cash from (used in) operating activities of continuing operations Net cash from (used in) investing activities of continuing operations Net cash from (used in) financing activities of continuing operations Net cash from the transferred assets and liabilities of operations held for sale or to be continued in partnership Increase (decrease) in cash from continuing operations held for sale or to be continued in partnership Net cash and cash equivalents at beginning of period NET CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS AT END OF PERIOD Effect of changes in exchange rates

5,277

178

4

5,459

(4,978)

(178)

-

(5,156)

(354)

-

-

(354)

(7)

- -

- -

(7)

(121)

(121)

(183)

- -

4

(179) 11,976

11,986

(10)

11,803 11,797 In accordance with ANC recommendation 2017-02 on the format of consolidated financial statements for banking sector institutions, (1) Banque PSA Finance has changed the presentation of the statement of cash flows. The explanatory notes tothe financial statements of the fiscalyear 2017hadbeenrestatedapplying IFRS 15. - (6)

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PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT