Groupe Renault - 2020 Universal Registration Document

407 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 IMPAIRMENT AND PROVISIONS ESTABLISHED TO COVER COUNTERPARTY RISKS (€ million) Notes December 31, 2019 Impairment Reversals Other December 31, 2020 For application Of unused residual amounts Impairment of Sales Financing receivables 15 (848) (707) 299 154 38 (1,064) Impairment of financing for end-customers 15 (747) (634) 262 134 34 (951) Impairment of dealership financing 15 (101) (73) 37 20 4 (113) Impairment of Automotive receivables* 16 (815) (120) 6 24 7 (898) Impairment of other receivables 17 (339) 96 - - 28 (215) Impairment of other financial assets 22 (5) (23) - - - (28) Provisions (commitments given) 20 6 18 (1) (10) - 13 TOTAL COVERAGE OF COUNTERPARTY RISKS (2,001) (736) 304 168 73 (2,192) Including €678 million of commercial receivables related to Iran at December 31, 2020 (€678 million at December 31, 2019). * Cash flows and other information 4.2.6.6 CASH FLOWS NOTE 26 Other income and expenses with no impact on cash before interest and tax 26 - A - (€ million) 2020 2019 Net allocation to provisions 353 (115) Net effects of Sales Financing credit losses 255 67 Net (gain) loss on asset disposals 64 23 Change in fair value of other financial instruments 58 33 Net financial indebtedness 337 311 Deferred taxes 114 828 Current taxes 306 626 Other 26 164 OTHER INCOME AND EXPENSES WITH NO IMPACT ON CASH BEFORE INTEREST AND TAX 1,513 1,937 Change in working capital before tax 26 - B - (€ million) 2020 2019 Decrease (increase) in net inventories (112) 165 Decrease (increase) in net receivables 338 390 Decrease (increase) in other assets 212 155 Increase (decrease) in trade payables (908) (161) Increase (decrease) in other liabilities (722) 665 INCREASE (DECREASE) IN WORKING CAPITAL BEFORE TAX (1,192) 1,214 Capital expenditure 26 - C - (€ million) 2020 2019 Purchases of intangible assets (1,500) (2,086) Purchases of property, plant and equipment (other than assets leased to customers) (2,508) (3,035) TOTAL PURCHASES FOR THE PERIOD (4,008) (5,121) Deferred payments (200) 99 TOTAL CAPITAL EXPENDITURE (4,208) (5,022)