Groupe Renault - 2020 Universal Registration Document

379 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 04 CONSOLIDATED FINANCIAL STATEMENTS GROUPE RENAULT GROUPE RENAULT: A COMPANY THAT ACTS RESPONSIBLY CORPORATE GOVERNANCE FINANCIAL STATEMENTS RENAULT AND ITS SHAREHOLDERS ANNUAL GENERAL MEETING OF RENAULT ON APRIL 23, 2021 ADDITIONAL INFORMATION INVESTMENTS IN OTHER ASSOCIATES AND JOINT VENTURES NOTE 13 Details of investments in other associates and joint ventures are as follows in the Group’s financial statements: (€ million) 2020 2019 Consolidated income statement Share in net income (loss) of other associates and joint ventures (175) (432) Associates accounted for under the equity method (1) (24) 43 Joint ventures accounted for under the equity method (2) (151) (475) Consolidated financial position Investments in other associates and joint ventures 502 610 Associates accounted for under the equity method 380 479 Joint ventures accounted for under the equity method 122 131 €73 million of the loss recorded in 2020 corresponds to impairment determined by Renault in respect of production assets of Renault-Nissan Automotive India Private (1) Limited (RNAIPL) due to lower volume forecasts (note 13-A). The loss recorded in 2020 principally corresponds to impairment of the investments in Renault Brilliance Jinbei Automotive Company and Renault Algérie Production (2) (note 13-C). Information on the principal other associates and joint ventures accounted for under the equity method 13 - A - Name Country of location Main activity Percentage ownership and voting rights held by the Group Investments in other associates and joint-ventures at December 31, 2020 Investments in other associates and joint ventures at December 31, 2019 December 31, 2020 December 31, 2019 Associates Automotive (excluding AVTOVAZ) Motorlu Araclar Imal ve Satis AS (MAIS) Turkey Automotive sales 49% 49% 76 59 Renault-Nissan Automotive India Private Limited (RNAIPL)* India Vehicle manufacturing 30% 30% 115 210 Sales Financing RN Bank Russia Automotive Sales Financing 30% 30% 76 84 Joint ventures Automotive (excluding AVTOVAZ) Renault Algérie Production Algeria Vehicle manufacturing 49% 49% - 22 Dongfeng Renault Automotive Company China Carmaker 0% 50% - - Renault Brilliance Jinbei Automotive Company China Commercial vehicle manufacturing 49% 49% - - Alliance Ventures B.V. Netherlands Finance for new technology start-ups 40% 40% 89 61 Alliance Mobility Company Japan Japan Mobility services 50% 50% - 3 Alliance Mobility Company France France Mobility services 50% 50% - 4 Other non-significant associates and joint ventures 146 167 TOTAL 502 610 The decrease in the value of this associate is principally explained by the €73 million loss recorded in 2020, corresponding to impairment determined by Renault due to * lower volume forecasts. As RNAIPL is 70%-owned by Nissan, this impairment also contributes to Nissan’s 2020 net income under IFRS (Renault’s share: €74 million) leading to a total impact of €147 million on the net income of associates and joint ventures. This impairment is not recognized in Nissan’s consolidated income statement under Japanese GAAP as it does not comply with the Japanese accounting rules. The tables below show the total amount of sales and purchases made between the Groupe Renault and the principal other associates and joint ventures accounted for by the equity method, as well as the Groupe Renault’s balance sheet positions with those entities. (€ million) 2020 2019 In the consolidated income statement Sales to other associates and joint ventures Purchases Sales to other associates and joint ventures Purchases Motorlu Araclar Imal ve Satis AS (MAIS) 1,589 (4) 817 (2) Renault-Nissan Automotive India Private Limited (RNAIPL) 5 (336) 6 (406) RN Bank - (5) - (11) Renault Algérie Production 3 (10) 3 (125) Dongfeng Renault Automotive Company 5 - 67 (30)