PSA - 2019 Universal Registration Document

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

31 December 2019 31 December 2018 31 December 2017

(in million euros)

Research and development costs

(464)

(367)

(292)

Amortization (excluding regulated depreciation)

338 90 129 175 268

234

120

Provisions for pensions

66 98

75 80 171

Inventories

Other

155 186

Other deferred tax assets and liabilities (Faurecia) Total other deferred tax assets and liabilities TOTAL DEFERRED TAX ASSETS, NET OF LIABILITIES

154

(643)

(776)

(718) (88)

368 1,198

255

Defered tax assets Deferred tax liabilities

1,036 (781)

809

(830)

(897)

TOTAL DEFERRED TAX ASSETS AND LIABILITIES NET IN THE STATEMENTS OF FINANCIAL POSTION

368

255

(88)

Changes in deferred tax positions by nature B.

Recognized in consolidated Income Statement

Transferred to Assets/ (Liabilities) Held for Sale

Recognized in Other Comprehensive Income

Translation differences and other changes

1 January 2019

31 December 2019

(in million euros)

Deferred taxes Tax credits

12

(1)

-

-

1

12

Total deferred tax assets on tax losses carry forward - excluding Faurecia Total deferred tax assets on tax losses carry forward - Faurecia Total deferred tax assets on tax losses carry forward

880

(42)

-

-

(4)

834

139

25

-

-

1

165

1,019

(17)

- -

- -

(3)

999

Research and development costs Regulated provisions and special amortization

(1092)

(124)

12

(1204)

(739)

(26)

- - - -

- - - - - - - - - - -

6

(759)

Provisions for pensions

159

69

(98)

130

Inventories

91

3

1

95

Provisions for risks and charges

794

(130)

28 42

692

Others

(175)

272

(4)

135

Other deferred tax assets and liabilities (excluding Faurecia)

(962) (367)

64

(4)

(9)

(911) (464)

Research and development costs

(97)

- -

-

Amortization

234

103

1

338 90 129 175

Provisions for pensions

66 98

8

16

-

Inventories

32

-

(1)

Others

155

8

8

4

Other deferred tax assets and liabilities (Faurecia)

186

54

24

-

4

268

Total other deferred tax assets and liabilities DEFERRED TAX ASSETS NET

(776)

118

20 20

- -

(5) (7)

(643)

255

100

368

243

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT