Groupe Renault - 2020 Universal Registration Document

434 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 RENAULT SA ANNUAL FINANCIAL STATEMENTS FINANCIAL STATEMENTS At December 31 2020, Renault SA had made three drawdowns totaling €4 billion: €2 billion drawn on August 5, 2020, €1 billion on September 22, 2020 and €1 billion on December 23, 2020. The remaining €1 billion credit was no longer available at December 31, 2020. pandemic on the Group’s liquidity, the prospect of not extending these two drawdowns was revised at the end of 2020. For the initial recognition of the first two drawdowns, Renault SA had estimated that it would be able to repay any drawdowns without using the extension option. Due in particular to the second lockdown measures implemented in France at the end of October 2020 and the possible consequences of the second wave of the COVID-19 In the event of an extension, the drawdowns are repayable in thirds in 2022, 2023 and 2024 on the anniversary dates of the drawdowns, with Renault SA having the option of early repayment of the remaining maturities on each repayment date. At December 31, even though no extension option had yet been exercised by the Group, the three drawdowns are due on the balance sheet in 1 to 2 years for €1,320 million, in 2 to 3 years for €1,320 million and in 3 to 4 years for €1,360 million. (€ million) December 31, 2019 Total <1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years Nominal value 435 95 75 25 50 190 Accrued interest 3 3 TOTAL 438 98 75 25 50 190 BREAKDOWN BY CURRENCY (€ million) December 31, 2020 December 31, 2019 Before hedging After hedging Before hedging After hedging Euro 4,403 4,403 438 438 TOTAL 4,403 4,403 438 438 BREAKDOWN BY INTEREST RATE TYPE (€ million) December 31, 2020 December 31, 2019 Before hedging After hedging Before hedging After hedging Fixed Rate 4,275 4,275 266 361 Floating Rate 128 128 172 77 TOTAL 4,403 4,403 438 438 Other loans and financial debts C. Other loans and financial debts amounted to €3,942 million at December 31, 2020 (€3,214 million in 2019), and principally comprise: €2,624 million in borrowings from Group subsidiaries with surplus P cash; €1,318 million in treasury notes. P No loans or financial debts are secured or have a duration of over one year. No loans are secured by security rights ( sûretés réelles ). Other liabilities 4.4.2.16 Changes in other liabilities were as follows: (€ million) At start of year Change At year-end Trade payables and related accounts 3 3 Social liabilities 1 1 Tax liabilities 681 8 689 Liabilities related to other assets 5 5 Other liabilities 6 (4) 2 TOTAL* 692 8 700 Current portion (less than one year) * Long-term portion (over 1 year) 692 201 499 The variation in tax liabilities is mainly due to a €8 million increase in the tax consolidation.