Groupe Renault - 2020 Universal Registration Document

376 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS Changes in Nissan equity restated for the purposes of the Renault consolidation 12 - D - (¥ billion) December 31, 2019 2020 net income Dividends Translation adjustment Other changes (1) December 31, 2020 Shareholders’ equity – Parent company shareholders’ share under Japanese GAAP 5,051 (1,078) - (179) (120) 3,674 Restatements for compliance with IFRS: Provision for pension and other long-term employee benefit obligations (27) (8) - (1) 141 105 Capitalization of development expenses 752 (296) - - - 456 Deferred taxes and other restatements (122) (6) - - (15) (143) Net assets restated for compliance with IFRS 5,654 (1,388) - (180) 6 4,092 Restatements for Groupe Renault requirements (2) 161 26 - 1 22 210 Net assets restated for Groupe Renault requirements 5,815 (1,362) - (179) 28 4,302 (€ million) Net assets restated for Groupe Renault requirements 47,687 (11,373) - (2,526) 220 34,008 Renault’s percentage interest 43.7% 43.7% Renault’s share (before neutralization effect described below) 20,837 (4,970) - (1,104) 97 14,860 Neutralization of Nissan’s investment in Renault (3) (974) (974) Renault’s share in the net assets of Nissan 19,863 (4,970) - (1,104) 97 13,886 Other changes include the change in actuarial gains and losses on pension obligations, the change in the financial instrument revaluation reserve and the change in Nissan (1) treasury shares. Restatements for Renault requirements essentially correspond to revaluation of fixed assets by Renault for the acquisitions undertaken between 1999 and 2002, and (2) elimination of Nissan’s investment in Renault accounted for under the equity method. Nissan has held 44,358 thousand Renault shares in Renault since 2002, an ownership interest of about 15%. The neutralization is based on Renault’s percentage holding in (3) Nissan. Nissan net income under Japanese GAAP 12 - E - Since Nissan’s financial year ends at March 31, the Nissan net income included in the 2020 Renault consolidation is the sum of Nissan’s net income for the final quarter of its 2019 financial year and the first three quarters of its 2020 financial year. January to March 2020 April to June 2020 July to September 2020 October to December 2020 January to December 2020 Fourth quarter of Nissan’s 2019 financial year First quarter of Nissan’s 2020 financial year Second quarter of Nissan’s 2020 financial year Third quarter of Nissan’s 2020 financial year Reference period for Renault’s consolidated financial statements (¥ billion) (€ million) (¥ billion) (€ million) (¥ billion) (€ million) (¥ billion) (€ million) (¥ billion) (€ million) Net income – parent company shareholders’ share (711) (5,916) (285) (2,414) (44) (358) (38) (303) (1,078) (8,991)