Groupe Renault - 2020 Universal Registration Document

366 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS CHANGES IN THE SCOPE OF CONSOLIDATION NOTE 3 Automotive (excluding AVTOVAZ) AVTOVAZ Sales Financing Mobility Services Total Number of companies consolidated at December 31, 2019 128 53 42 - 223 Newly consolidated companies (acquisitions, formations, etc .) 2 - - 6 8 Deconsolidated companies (disposals, mergers, liquidations, etc .) 4 2 - - 6 Number of companies consolidated at December 31, 2020 126 51 42 6 225 The principal changes and significant events concerning the scope of consolidation in 2020 were the following. Automotive (excluding AVTOVAZ) segment 3 - A - In January 2020, the Group sold its 35.11% investment in Les P Éditions Croque Futur (magazine titles) for the price of €5 million. This company was previously accounted for by the equity method in the consolidated financial statements. On April 14, 2020, the Groupe Renault announced its new business P strategy in China. For petrol and diesel passenger cars, Renault SA signed an agreement in April 2020 for the sale of its 50% share in the Chinese joint venture DRAC, discontinuation of production of Renault brand petrol and diesel cars, and the takeover of after-sales service for Renault vehicles sold by DRAC, which is accounted for by the equity method until March 31, 2020. The shares were transferred to Dongfeng Motor Group Company Ltd. in August 2020. The costs associated with this agreement are classified as “other operating income and expenses”. The Group completed negotiations with its Chinese partner and P proceeded to a capital increase for JMEV Jiangxi Jiangling Group Electric Vehicle Co. Ltd. which has been under the exclusive control of Renault since July 2019. This capital increase totaled RMB 380 million, or €48 million, equal to a 50% share in JMEV. The three-month time lag for inclusion of JMEV’s financial statements ended in 2020. Determination of the fair value of the assets acquired and liabilities transferred has been finalized in the financial statements at December 31, 2020. AVTOVAZ 3 - B - There was no change during 2020 or 2019 in Renault’s percentage P ownership of Alliance Rostec Auto B.V. The value of the non-controlling interest at December 31, 2020 is €9 million (€83 million at December 31, 2019). The purchase price allocation related to the takeover in P December 2019 of GM-AVTO, now renamed Lada Zapad, was finalized during the first half-year of 2020 and the goodwill was consequently adjusted. It now amounts to €10 million (RUB 886 million) versus €19 million (RUB 1,298 million) at December 31, 2019. Consolidated income statement 4.2.6.3 REVENUES NOTE 4 Breakdown of revenues 4 - A - (€ million) 2020 2019 Sales of goods – Automotive segments 34,724 43,901 Sales to partners of the Automotive segments (1) 3,651 6,203 Rental income on leased assets (2) 660 630 Sales of other services 1,283 1,398 Sales of services – Automotive segments 1,943 2,028 Sales of goods – Sales Financing segment 38 36 Rental income on leased assets (2) 108 116 Interest income on Sales Financing receivables 1,982 2,210 Sales of other services (3) 1,010 1,043 Sales of services – Sales Financing segment 3,100 3,369 Sales of services – Mobility Services segment 19 - TOTAL REVENUES 43,474 55,537 Most partners are carmakers. The Automotive segments’ main partners are Nissan and Daimler. Sales to partners include sales of parts, components, and vehicles to be (1) sold under the partners’ own brands, and other services such as engineering developments. Rental income recorded by the Group on vehicle sales with a buyback commitment or fixed asset rentals. (2) Mainly income on services comprising insurance, maintenance, and replacement vehicles under a financing contract or otherwise. (3)