PSA - 2019 Universal Registration Document

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

Net positionof the manufacturingand sales companiesin the main currencies(openpositionsat 31 December) The net position,after fair value hedging,of the manufacturingand sales companiesin the main foreigncurrenciesversusthe euro is as follows:

31 December 2019

RUB GBP

JPY USD PLN CHF

CZK Others

Total

(in million euros)

Total assets Total liabilities

35 950 136 338

75 209

172

157 2,072

(36)

(821)

(162) (234)

(17)

(3)

(173) (288) (1,734)

NET POSITION BEFORE HEDGING Derivative financial instruments NET POSITION AFTER HEDGING

(1)

129 (26)

104

58 206 (25) (206)

(1)

(131)

338

1

(470) (341)

13 (57)

-

(19) (763)

-

(13)

47

33

-

(1) (150) (425)

31 December 2018

RUB GBP

JPY USD PLN CHF

CZK Others

Total

(in million euros)

Total assets Total liabilities

59 732

101

454 132

248 200 678 2,604 (136) (260) (364) (2,191)

(7) 52

(725)

(210)

(315)

(174)

NET POSITION BEFORE HEDGING Derivative financial instruments NET POSITION AFTER HEDGING

7 (109)

139 (42)

112 (60)

314 413

(48)

(127)

101 (8)

(350) (211)

70 (220) 28 (108)

83 (40)

(531)

4 (120)

23 274 (118)

31 December 2017

RUB GBP

JPY USD PLN CHF

CZK Others

Total

(in million euros)

Total assets Total liabilities

93

225

81

917

43 243

140 580 2,322

(23)

(90)

(42)

(37)

(7)

(3)

(215)

(42) (459) 538 1,863

NET POSITION BEFORE HEDGING Derivative financial instruments NET POSITION AFTER HEDGING

70 135

39 880 36 240 (75)

(88) (18)

(127)

(41)

(832)

50 (240)

67 (420) (1,631)

8

(2)

48

86

-

(8)

118 232

A 5% increasein the year-endexchangerate of the main currenciesin which the manufacturingand sales companieshad open balance sheet positions at 31 December 2019 (see tablebelow) wouldhavethefollowingdirect impacton incomebefore tax andon equity:

JPY/EUR USD/EUR PLN/EUR MEX/EUR CZK/EUR GBP/EUR TRY/EUR RUB/EUR Others

(in million euros)

Hypothetical fluctuation against the euro

5% 5% 5% 5% 5% 5% 5% 5% 5%

Impact on income before tax

0.57 (1.94)

(1.51)

5.40 0.04 16.44 (0.14)

0.09 1.73

Impact on equity

(16.43)

5.02 (15.78) (0.16)

(2.71) (111.81)

-

-

(1.67)

The following table shows thenet position of the manufacturing and sales companies in themainforeign currencies versus other currencies:

31 December 2019

UAH/USD USD/BRL

USD/ARS USD/GBP CNY/USD

(in million euros)

Total assets Total liabilities

-

5

11

- - - - -

- - - - -

(25) (25)

(38) (33)

(13) (2)

NET POSITION BEFORE HEDGING Derivative financial instruments NET POSITION AFTER HEDGING

-

37

4 2

(25)

4

227

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT