Groupe Renault - 2020 Universal Registration Document

410 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS Group companies are subject to the applicable regulations regarding CO 2 emissions, principally in the European Union, but also in China, Switzerland, South Korea. Renault confirmed in a press release of January 4, 2021 that it had achieved its 2020 CAFE (Corporate Average Fuel Economy) targets for passenger vehicles and light commercial vehicles, subject to validation by the European Commission in the coming months. though the average CO 2 emissions of vehicles registered in the first half of the year was above the 95g threshold. Approximately 70% of the Group’s sales are subject to this type of regulation. Achievement of the European CAFE target of 95g CO 2 /km in 2020 was confirmed for all new vehicles registered in 2020, even Group companies are also subject to the applicable regulations regarding pollution, notably of soil and ground water. These regulations vary depending on the country of location. Some of the associated environmental liabilities are potential and will only be recognized in the accounts if the activity is discontinued or the site closed. It is also sometimes difficult to determine the amount of the obligation reliably. Provisions are only established for liabilities that correspond to a legal or constructive obligation at the closing date, and can be estimated with reasonable reliability. Off-balance sheet commitments received and contingent assets 28 - B - (€ million) 2020 2019 Sureties, endorsements and guarantees received 2,949 2,671 Assets pledged or mortgaged (1) 2,749 3,790 Buyback commitments (2) 5,452 4,832 Other commitments 44 43 The Sales Financing segment receives guarantees from its customers in the course of sales financing for new or used vehicles. Guarantees received from customers amount (1) to €2,708 million at December 31, 2020 (€3,727 million at December 31, 2019). In addition, AVTOVAZ received €14 million in real estate property rights and ownership rights as guarantees of loans, and €26 million in rights to vehicles as guarantees of customer receivables (€13 million and €49 million respectively at December 31, 2019). Commitments received by the Sales Financing segment for sale to a third party of rental vehicles at the end of the rental contract. (2) Off-balance sheet commitments received concerning confirmed opened credit lines are presented in note 25-B1. FEES PAID TO STATUTORY AUDITORS AND THEIR NETWORK NOTE 29 The fees paid to the Group’s statutory auditors and their networks are reported in section 7.3.1. of the 2020 Universal registration document. SUBSEQUENT EVENTS NOTE 30 Following its approval by the Board of Directors, on January 14, 2021, Luca de Meo, CEO of the Groupe Renault, presented “Renaulution”, a new strategic plan which aims to shift the Groupe Renault’s strategy from the pursuit of volume to the creation of value, through three phases launched in parallel: the “Resurrection” phase, running until 2023, will focus on margin P recovery and cash generation; the “Renovation" phase, running until 2025, will bring renewal and P enrichment to the ranges, contributing to brand profitability; the “Revolution” phase, which will start in 2025, will switch the P Group’s business model to technology, energy and mobility, making the Groupe Renault a frontrunner in the value chain of new mobilities.