Groupe Renault - 2020 Universal Registration Document

385 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 Financial instrument revaluation reserve 18 - F - Change in the financial instrument revaluation reserve F1 The figures below are reported net of tax effects. (€ million) Cash flow hedges Equity instruments at fair value Debt instruments at fair value Total Total parent company shareholders’ share At December 31, 2019 (87) 310 (2) 3 226 232 Changes in fair value recorded in shareholders’ equity (39) 186 1 148 145 Transfer from shareholders’ equity to profit and loss (1) 7 - - 7 7 At December 31, 2020 (119) 496 4 381 384 For a breakdown of the amounts related to cash flow hedges transferred from shareholders’ equity to profit and loss, see note F2 below, and for the schedule of amounts (1) related to cash flow hedges transferred from shareholder’s equity to the income statement, see note F3 below. The revaluation reserve for equity instruments at fair value mainly relates to the Daimler shares (note 22-B). (2) Breakdown of the amounts related to cash flow hedges transferred from the financial instrument revaluation reserve to the F2 income statement (€ million) 2020 2019 Operating margin 9 14 Current and deferred taxes (2) (4) TOTAL TRANSFERRED TO THE INCOME STATEMENT FOR CASH FLOW HEDGES 7 10 Schedule of amounts related to cash flow hedges transferred from the financial instrument revaluation reserve to the F3 income statement (€ million) December 31, 2020 December 31, 2019 Within one year 2 0 After one year (20) (24) Revaluation reserve for cash flow hedges excluding associates and joint ventures (18) (24) Revaluation reserve for cash flow hedges – associates and joint ventures (101) (63) TOTAL REVALUATION RESERVE FOR CASH FLOW HEDGES (119) (87) This schedule is based on the contractual maturities of hedged cash flows. Stock option and performance share plans and other share-based payments 18 - G - The Board of Directors periodically awards performance shares to event of resignation or termination and a decision is made for each Group executives and managers, with prices and exercise periods individual case when an employee leaves at the Company’s specific to each plan. Until 2012, it also periodically granted stock instigation. options, each with their own vesting and required holding periods. All plans include performance conditions which determine the number of options or performance shares granted to beneficiaries. Loss of the benefit of stock options or performance shares follows the applicable regulations: all options and rights are forfeited in the Performance share plan 27 was introduced in 2020, concerning 1,444 thousand shares with initial total value of €13 million. The vesting period for rights to shares is three years, with no minimum holding period.