Groupe Renault - 2020 Universal Registration Document
346 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS Information by operating segment A - Consolidated income statement by operating segment A1 (€ million) Automotive (excluding AVTOVAZ) (1) AVTOVAZ (1) Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Mobility Services Intersegment transactions CONSOLIDATED TOTAL 2020 External sales 37,736 2,581 - 40,317 3,138 19 - 43,474 Intersegment sales 95 651 (651) 95 21 1 (117) - Sales by segment 37,831 3,232 (651) 40,412 3,159 20 (117) 43,474 Operating margin (2) (3) (1,452) 140 1 (1,311) 1,007 (35) 2 (337) Operating income (3,061) 129 1 (2,931) 990 (60) 2 (1,999) Financial income (expenses) (4) (414) (52) - (466) (15) (1) - (482) Share in net income (loss) of associates and joint-ventures (5,161) - - (5,161) 19 (3) - (5,145) Pre-tax income (8,636) 77 1 (8,558) 994 (64) 2 (7,626) Current and deferred taxes 55 (273) - (218) (205) 1 2 (420) NET INCOME (8,581) (196) 1 (8,776) 789 (63) 4 (8,046) External sales by the Automotive (excluding AVTOVAZ) segment include sales to the AVTOVAZ group, which amount to €218 million in 2020, and these sales are thus (1) included in the AVTOVAZ segment’s intersegment transactions. Details of amortization, depreciation and impairment are provided in the statement of consolidated cash flows by operating segment. (2) The Automotive (excluding AVTOVAZ) segment’s contribution to the operating margin after elimination of intersegment transactions amounts to -€1,450 million in 2020. (3) Dividends paid by the Sales Financing segment to the Automotive segments are included in the Automotive segments’ financial income and eliminated in the intersegment (4) transactions. No dividend was paid in 2020. (€ million) Automotive (excluding AVTOVAZ) (1) AVTOVAZ (1) Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Mobility Services Intersegment transactions CONSOLIDATED TOTAL 2019 External sales 49,002 3,130 - 52,132 3,405 - - 55,537 Intersegment sales 105 774 (774) 105 18 - (123) - Sales by segment 49,107 3,904 (774) 52,237 3,423 - (123) 55,537 Operating margin (2) 1,289 156 (1) 1,444 1,223 - (5) 2,662 Operating income 762 130 (1) 891 1,294 - (80) 2,105 Financial income (expenses) (3) 179 (111) - 68 (10) - (500) (442) Share in net income (loss) of associates and joint ventures (213) 2 - (211) 21 - - (190) Pre-tax income 728 21 (1) 748 1,305 - (580) 1,473 Current and deferred taxes (1,122) 51 - (1,071) (383) - - (1,454) NET INCOME (394) 72 (1) (323) 922 - (580) 19 External sales by the Automotive (excluding AVTOVAZ) segment include sales to the AVTOVAZ group, which amount to €246 million in 2019, and these sales are thus (1) included in the AVTOVAZ segment’s intersegment transactions. Details of amortization, depreciation and impairment are provided in the statement of consolidated cash flows by operating segment. (2) Dividends paid by the Sales Financing segment to the Automotive segments are included in the Automotive segments’ financial income and eliminated in the intersegment (3) transactions. They amounted to €500 million in 2019.
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