PSA - 2019 Universal Registration Document

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

Cash andcash equivalents B. Cash primarily represents cash in bank current accounts, and risk of changein value and held in order to meet short-termcash excludes bank overdrafts. Cash equivalentsconsist primarily of commitmentswith an original maturity of three months or less cash investmentsand negotiabledebt securitiesthat are readily accordingto IAS 7. convertibleto knownamountsof cash, subjectto an insignificant

Cash andcash equivalents includethe following items:

31 December 2019 31 December 2018 31 December 2017

(in million euros)

Mutual fund units and money market securities

12,942 4,437 17,379

11,537 3,424 14,961

8,719 2,863 11,582

Cash and current account balances

Total - manufacturing and sales companies o/w deposits with finance companies

-

(1)

(8) 312

Finance companies

454

465

CASH AND CASH EQUIVALENT IN THE STATEMENT OF FINANCIAL POSITION

17,833

15,426

11,894

Cash includes the proceeds from borrowings arranged to meet future financing needs. At 31 December 2019, cash equivalents mainly included money mutual funds for €9,649 million(€ 8,676 millionat 31 December 2018 and €4,610 millionat 31 December2017), bank deposits and overnight money market notes in the amount of €2,698 million (€1,899 million at 31 December 2018 and €1,489 million at

31 December 2017) and commercial paper for €80 million (€80 millionat 31 December2018 and €104 millionat 31 December 2017). All of these instrumentscomplywith the ‘Committeeof European Securities Regulators’ (CESR) definition of Short-Term Money Market Funds.

BREAKDOWN OF FINANCIAL IABILITIES 12.5.

Carrying amount at 31 December 2019 Carrying amount at 31 December 2017 Amortised cost or fair value Amortised cost or fair value Amortised cost or fair value Non- current Current Non- current Current Non- current Current Carrying amount at 31 December 2018

(in million euros)

Other bonds

5,863 1,644

47

4,021 1,144

499 408

3,835

651 452

Other long-term borrowings Other short-term financing and overdraft facilities Derivative financial instruments on financing and others Total financial liabilities before lease liabilities

927

795

1

1,222

-

1,239

-

1,399

15

2

2

11

1

2

7,523 2,198

5,167

2,157

4,631

2,504

Finance lease liabilities (1)

1,392

322

90

25

147

27

TOTAL FINANCIAL LIABILITIES

8,915 2,520

5,257

2,182

4,778 2,531

In 2017 and 2018, debts from finance leases (1)

Main financingtransactions during the year A. The financial risk management policy isset out inNote 12.6.A. The main transactions during the y ar were as follows: In January 2019upon maturity, Peugeot S.A. repaid the 2013 n bonds for€430.4 million; On 13 March 2019, Faurecia carried out a bond issue of n €500 milliondue in June 2026,with annual coupon of 3.125%. This loan is intendedto refinancethe bridgeloan of €500 million put in place in 2018 as part of the financing of Faurecia’s acquisitionof Clarion. On 31 October2019, Faurecia tapped its June 2026 bond for €250 million;

On 11 April2019, PeugeotS.A. raised€522 millionusing a private n investment under German law, Schuldscheindarlehen . This transaction is structured in several tranches denominated in euros, withmaturity of4.5,7 and8 years; On 18 September 2019, Peugeot S.A. issued bonds for n €600 millionmaturing in September 2029,bearing an annual coupon of 1.125%. On 27 November2019, Faurecia issued bonds for €700 million n maturingin June 2027,bearingan annual couponof 2.375%; at the same time, Faurecia offered to repurchasebond maturing 2023(€700 million)whichhada successrateof 76%;the residual notes 2023 have been early repaid.

220

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT