PSA - 2019 Universal Registration Document

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

Breakdown ofproperty, plant andequipment B. The carrying amount of property, plant andequipmentcanbe analysed as follows:

31/12/2019

Fixtures, fittings and other

Assets under construction

Land and buildings

Plant and equipment

Leased vehicles (1)

Total

(in million euros)

Net Reclassification of finance leases 1st implementation of IFRS 16

2,203

6,345

3,547

408

1,633

14,136

(23)

(2)

-

(1)

(14)

(40)

At 1 January 2019 Purchases/additions

2,180 6,343

3,547

407

1,619 14,096

81

1,269

-

47

1,368

2,765

Depreciation for the year

(176)

(1,414)

(5)

(113)

-

(1,708)

Impairment losses

(12)

(103)

- - -

-

(6)

(121)

Disposals

(201)

(81) 739 510

(5)

(10)

(297)

Transfers and reclassifications

35

41

(816) (501) (20)

(1)

Change in scope of consolidation and other (1)

285

191 30

49

534

Translation adjustment

13

(4)

-

19

AT PERIOD-END

2,205 6,485

7,259 34,372 (27,113)

3,763 4,095 (332)

426

1,634 15,287 1,664 47,944

Gross value

1,328 (902)

Accumulated depreciation and impairment (32,657) “Change in scope of consolidation and other” movements in “Leased vehicles” includes net changes for the year (additions less disposals). (1) (4,280) (30)

31/12/2018

Fixtures, fittings and other

Assets under construction

Land and buildings

Plant and equipment

Leased vehicles (2)

Total

(in million euros)

Net At beginning of period Purchases/additions (1) Depreciation for the year

2,309

5,654 1,040 (1,329)

3,299

340

1,616 1,278

13,218

100

-

99

2,517

(188) (14) (118)

(14)

(96)

-

(1,627)

Impairment losses

(27) (78) 546 559 (20)

- - -

-

3

(38) (215)

Disposals

(19)

-

Transfers and reclassifications

22

39 47 (2)

(607) (639)

-

Change in scope of consolidation and other (2)

104 (12)

266

337 (56)

Translation adjustment

(4)

(18)

AT PERIOD-END

2,203

6,345

3,547 3,841 (294)

408 1,165

1,633 1,657

14,136 46,247

Gross value

6,570 33,014 (4,367) (26,669)

Accumulated depreciation and impairment (32,111) Including property, plant and equipment acquired under finance leases for €14 million. Borrowing costs capitalised in accordance with (1) IAS 23 (Revised) - “Borrowing Costs” amounted to €17 million (see Note 12.2.A). Change in scope of consolidation and other” movements in “Leased vehicles” includes net changes for the year (additions less disposals). (2) (757) (24)

In 2018, the Groupreviewedthe usefullife of its tangibleassetsin order to complywith the durationsobserved.This led to a decreasein depreciationcharges of €133 million over the year.

206

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT