Groupe Renault - 2020 Universal Registration Document

350 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS (€ million) Automotive (excluding AVTOVAZ) AVTOVAZ Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Inter- segment transactions CONSOLIDATED TOTAL 2019 Net income (1) (394) 72 (1) (323) 922 (580) 19 Cancellation of dividends received from unconsolidated listed investments (46) - - (46) - - (46) Cancellation of income and expenses with no impact on cash Depreciation, amortization and impairment 3,607 120 - 3,727 82 - 3,809 Share in net (income) loss of associates and joint ventures 213 (2) - 211 (21) - 190 Other income and expenses with no impact on cash, before interest and tax 1,355 50 - 1,405 475 57 1,937 Dividends received from unlisted associates and joint ventures 4 - - 4 - - 4 Cash flows before interest and tax (2) 4,739 240 (1) 4,978 1,458 (523) 5,913 Dividends received from listed companies (3) 625 - - 625 - - 625 Decrease (increase) in Sales Financing receivables - - - - (3,353) 82 (3,271) Net change in financial assets and Sales Financing debts - - - - 2,968 135 3,103 Change in capitalized leased assets (1,002) - - (1,002) (57) - (1,059) Change in working capital before tax 1,829 15 - 1,844 (635) 5 1,214 CASH FLOWS FROM OPERATING ACTIVITIES BEFORE INTEREST AND TAX 6,191 255 (1) 6,445 381 (301) 6,525 Interest received 73 5 - 78 - - 78 Interest paid (301) (87) 1 (387) - 19 (368) Current taxes (paid)/received (367) (11) - (378) (258) - (636) CASH FLOWS FROM OPERATING ACTIVITIES 5,596 162 - 5,758 123 (282) 5,599 Dividends paid by the Sales Financing segment to the Automotive segments are included in the net income of the Automotive (excluding AVTOVAZ) segment. They (1) amounted to €500 million in 2019. Cash flows before interest and tax do not include dividends received from listed companies. (2) Dividends received from Daimler (€46 million) and Nissan (€579 million). (3) (€ million) Automotive (excluding AVTOVAZ) AVTOVAZ Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Inter- segment transactions CONSOLIDATED TOTAL 2019 CASH FLOWS FROM OPERATING ACTIVITIES 5,596 162 - 5,758 123 (282) 5,599 Purchases of intangible assets (2,016) (67) - (2,083) (3) - (2,086) Purchases of property, plant and equipment (2,846) (95) 15 (2,926) (10) - (2,936) Disposals of property, plant and equipment and intangibles 16 27 (14) 29 2 - 31 Acquisitions and disposals of investments involving gain or loss of control, net of cash acquired (55) (9) - (64) 71 - 7 Acquisitions and disposals of other investments and other (120) - - (120) (1) - (121) Net decrease (increase) in other securities and loans of the Automotive segments (3) 1 - (2) - - (2) CASH FLOWS FROM INVESTING ACTIVITIES (5,024) (143) 1 (5,166) 59 - (5,107) Cash flows with shareholders (1,165) (1) - (1,166) (511) 500 (1,177) Net change in financial liabilities of the Automotive segments 1,180 (49) - 1,131 - (207) 924 CASH FLOWS FROM FINANCING ACTIVITIES 15 (50) - (35) (511) 293 (253) INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 587 (31) 1 557 (329) 11 239 (€ million) Automotive (excluding AVTOVAZ) AVTOVAZ Intra- Automotive Transactions TOTAL AUTOMOTIVE Sales Financing Inter- segment transactions CONSOLIDATED TOTAL 2019 CASH AND CASH EQUIVALENTS: OPENING BALANCE 11,691 89 (3) 11,777 3,094 (94) 14,777 Increase (decrease) in cash and cash equivalents 587 (31) 1 557 (329) 11 239 Effect of changes in exchange rate and other changes (47) 12 (1) (36) (3) 5 (34) CASH AND CASH EQUIVALENTS: CLOSING BALANCE 12,231 70 (3) 12,298 2,762 (78) 14,982