Groupe Renault - 2020 Universal Registration Document

397 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 LIABILITIES AND DEBTS OF THE SALES FINANCING SEGMENT (€ million) December 31, 2020 Balance sheet value Total contractual flows <1 yr 1 to 2 yrs 2 to 3 yrs 3 to 4 yrs 4 to 5 yrs >5 yrs 0 to 3 months 3 to 12 months Total RCI Bank bonds 2014 501 500 500 - 500 - - - - - RCI Bank bonds 2015 759 750 - - - 750 - - - - RCI Bank bonds 2016 2,117 2,100 - 750 750 - 1,350 - - - RCI Bank bonds 2017 5,299 5,251 - 765 765 2,736 - 1,150 600 - RCI Bank bonds 2018 3,537 3,483 149 1,123 1,272 45 866 - 550 750 RCI Bank bonds 2019 3,674 3,641 44 145 189 439 1,423 940 - 650 RCI Bank bonds 2020 1,595 1,578 - 51 51 398 314 50 15 750 Accrued interest, expenses and premiums 78 77 35 54 89 1 (2) (4) (3) (4) TOTAL BONDS 17,560 17,380 728 2,888 3,616 4,369 3,951 2,136 1,162 2,146 Other debts represented by a certificate 4,432 4,432 775 1,465 2,240 1,617 459 77 32 7 Borrowings from credit institutions 4,552 4,552 921 826 1,747 739 1,969 79 18 - Lease liabilities 45 45 2 6 8 7 7 7 7 9 Other interest-bearing borrowings 20,874 20,875 16,115 1,726 17,841 1,618 702 337 377 - TOTAL OTHER FINANCIAL LIABILITIES 29,903 29,904 17,813 4,023 21,836 3,981 3,137 500 434 16 Future interest on bonds and other financial liabilities 692 33 122 155 224 127 88 50 48 Diac redeemable shares and subordinated debts 890 Derivatives on financing operations 84 25 1 8 9 15 - - 1 - TOTAL DEBTS AND FINANCIAL LIABILITIES OF THE SALES FINANCING SEGMENT 48,437 48,001 18,575 7,041 25,616 8,589 7,215 2,724 1,647 2,210 FINANCIAL LIABILITIES AND DEBTS OF THE MOBILITY SERVICES SEGMENT (€ million) December 31, 2020 Balance sheet value Total contractual flows <1 yr 1 to 2 yrs 2 to 3 yrs 3 to 4 yrs 0 to 3 months 3 to 12 months Total Other interest-bearing 28 28 15 - 15 - - 13 Total other financial liabilities 28 28 15 - 15 - - 13 Derivatives on financing operations 1 1 - - - - - 1 TOTAL FINANCIAL LIABILITIES OF THE MOBILITY SERVICES SEGMENT 29 29 15 - 15 - - 14 Financing by assignment of receivables and reverse factoring 23 - E - Automotive segments financing by assignment of receivables Some of the Automotive segment’s external financing comes from assignment of commercial receivables to non-Group financial establishments. Details of financing by assignment of commercial receivables is as follows: (€ million) December 31, 2020 December 31, 2019 Receivables assigned to non-Group entities and derecognized Receivables assigned and not derecognized Receivables assigned to non-Group entities and derecognized Receivables assigned and not derecognized Automotive (excluding AVTOVAZ) 1,467 - 1,805 - AVTOVAZ 2 - 5 - TOTAL ASSIGNED 1,469 - 1,810 - The total amount of tax receivables assigned and derecognized in 2020 is €214 million, comprising €165 million of CIR receivables and €49 million of VAT receivables (€324 million of CIR receivables, €54 million of CICE receivables and €60 million of VAT receivables in 2019). French tax receivables assigned outside the Group (the “CIR” Research Tax Credit), with transfer of substantially all the risks and benefits associated with ownership of the receivables, are only derecognized if the risk of dilution is deemed to be non-existent. This is notably the case when the assigned receivables have already been