Groupe Renault - 2020 Universal Registration Document

345 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 Information on operating segments 4.2.6.1 and Regions The operating segments defined by Renault are the following: the “Automotive” segments, which in practice consist of two P segments: the “Automotive excluding AVTOVAZ” segment, consisting of P the Group’s automotive activities as they existed before Renault acquired control of the AVTOVAZ group under IFRS 10. This segment comprises the production, sales, and distribution subsidiaries for passenger cars and light commercial vehicles, automotive service subsidiaries for the Renault, Dacia and Samsung brands, and the subsidiaries in charge of the segment’s cash management. It also includes investments in automotive-sector associates and joint ventures, principally Nissan, the “AVTOVAZ” segment, consisting of the Russian automotive P group AVTOVAZ and its parent company Alliance Rostec Auto B.V., which was formed at the end of 2016, after Renault acquired control over them, as defined by IFRS 10, in December 2016; the “Sales Financing” segment, which the Group considers as an P operating activity in its own right, carried out for the distribution network and final customers by RCI Banque, its subsidiaries and its investments in associates and joint ventures; (software development for taxis under the iCabbi brand), Glide.io (car-share services) and the joint venture Car Sharing Mobility (car-share services under the Zity brand). The 2019 figures have not been restated due to the non-significant nature of these operations, which are included in the Sales Financing in 2019. the “Mobility Services” segment, created on January 1, 2020, P consisting of services for new mobilities brought together in the holding company Renault MAI (Mobility As an Industry). This segment includes Flit Technologies Ltd. and its subsidiaries (a taxi reservation platform), Coolnagour Ltd. and its subsidiaries The segment result regularly reviewed by the Group Executive Committee, identified as the “Chief Operating Decision-Maker”, is the operating margin . The definition of this indicator is unchanged from previous years and is detailed in the note 2-D "Presentation of the consolidated financial statements". This interim result is no longer presented in the consolidated income statement. It is only reported in the consolidated income statements by operating segment below. The operating margin excludes restructuring costs. The definition of these costs has been reviewed to bring it into line with IAS 37 “Provisions, Contingent liabilities and Contingent assets”, which defines “a restructuring” as “a program that is planned and controlled by management, and materially changes either: a) the scope of a business undertaken by an entity; or b) the manner in which that business is conducted.” The impact of this change on previous periods is considered non-significant and its determination is not practicable. Consequently, no adjustments have been made to the amounts of the operating margin for those periods. The new brand-based organization announced by Luca de Meo, effective from 2021, will not affect the operating segments defined above. The presentation of business results to the Board of Management (which replaces the Group Executive Committee from January 1, 2021), identified as the “Chief Operating Decision-Maker”, will continue to use the same segments as at December 31, 2020.