PSA - 2019 Universal Registration Document

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

MANAGEMENT COMPENSATION 7.3. TheGroupis directlymanagedby theManagingBoard.TheGroup’s management bodies correspond to the Global Executive Committee,which includes the members of the ManagingBoard andother membersof executivemanagement.

The compensationdetails provided in the table above do not include payroll taxes. The amount of compensation paid to members of management bodies, including accrued variable compensation, is provisional.

Notes

2019

2018

2017

(in million euros)

Number of Executive Committee members at 31 December Fixed & variable compensation and other short-term benefits (excluding pensions)

19

18

18

24.2

21.7 9.0

22.2

Stock option and performance share costs (1) 4.8 This is the portion of the IFRS 2 expense for the period relating to the Managing Board’s members and other members of the Executive (1) Committee. 7.2 9.1

Furthermore, the expenserecognised in 2019for the contributionto the defined contributionpension plan totalled€4.6 millionfor the members of the ManagingBoard and the other members of the ExecutiveCommitteeand breaks down into €2.3 millionpaid to a pension fund and €2.3 million paid in cash to the beneficiaries (taking into account a scheme based on taxation upon first deposit).

Detailsof the performanceshares grantedin 2015, 2016, 2018, and 2019 to membersof the managingbodies and still exercisableat period-end, canbe foundin thefollowingtable:

2019

2018

2017

(number of options)

Performance shares granted at 31 December

2,452,100

2,229,000

1,670,000

Besides, membersof the Group’smanagementbodies are not entitled to any long-termbenefits apart from pension benefits and the performance shares undertheplansreferredto above,or anyother formsof share-based paymentsor any compensation for lossof office.

GOODWILL AND INTANGIBLE ASSETS – PROPERTY, PLANT

NOTE 8

AND EQUIPMENT

Property,plant and equipmentand intangibleassets are carriedat amortisedcost less deductionsof impairmentlosses, pursuantto IAS 36(seeNote 8.3).

GOODWILL AND INTANGIBLE ASSETS 8.1.

Accounting policies A. Accountingpolicies relating to goodwill are described in Note 3.1.Aand those related to research and developmentexpenses in Note 5.3.(A). Other internally-developed or purchased intangible assets, excluding researchand development expenditure Theportionof developmentcostsrelatingto softwarefor internaluse that correspondsto directlyattributable internalor externalcosts necessaryto createthe softwareor improveits performance is recognisedas an intangibleassetwhenit is probablethatthesecostswill generatefutureeconomicbenefits.The capitalisedcostsare amortisedover the estimatedusefullife of the software,rangingfromfour to twelveyears. Other software acquisitionanddevelopmentcostsare expensed as incurred. Other intangibleassets (consistingprincipallyof patents)are amortisedon a straight-linebasis over the estimateduseful life, not to exceedtwenty years.

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PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT