PSA - 2019 Universal Registration Document

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

Recognized in consolidated Income Statement

Transferred to Assets/ (Liabilities) Held for Sale

Recognized in Other Comprehensive Income

Translation differences and other changes

1 January 2018

31 December 2018

(in millions euros)

Deferred taxes Tax credits

13

-

-

-

(1)

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

555

325

-

-

-

880

62

77

-

-

-

139

617

402 (86)

- -

- -

-

1,019

Research and development costs Regulated provisions and special amortization

(979)

(27)

(1,092)

(677)

(48)

-

- - - - - - - - - - -

(14)

(739)

Provisions for pensions

21

151

(38)

25

159

Inventories

72

15

- -

4

91

Provisions for risks and charges

782 (91)

28

(16)

794

Others

(103)

(27)

46

(175)

Other deferred tax assets and liabilities (excluding Faurecia)

(872) (292)

(43) (75)

(65)

18

(962) (367)

Research and development costs

- -

- - -

Amortization

120

114 (7)

234

Provisions for pensions

75 80 171

(2)

66 98

Inventories

17

-

1

Others

(15)

(8)

7

155

Other deferred tax assets and liabilities (Faurecia)

154

34

(10)

-

8

186

Total other deferred tax assets and liabilities DEFERRED TAX ASSETS NET

(718) (88)

(9)

(75) (75)

- -

26 25

(776)

393

255

Tax losses carry forward C. Tax losses carry forward as at 31 December 2019

Tax integration France

Tax integration Germany Opel Spain

Others

Total

(in million euros, measured by current actual tax rates)

Tax losses carry forward

2,677 (821)

287

454

478 (13)

3,896 (834)

Tax losses carry forward recognized

-

-

TAX CARRY FORWARD LOSSES NON RECOGNIZED AS AT 31 DECEMBER 2019

1,856

287

454

465

3,062

Tax losses carry forward non recognized as at 31 December 2018 Tax losses carry forward non recognized as at 31 December 2017

2,066

271

484

435

3,256

2,511

316

491

401

3,719

244

PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT