Groupe Renault - 2020 Universal Registration Document

389 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 Main actuarial assumptions and actual data for the Group’s supplementary pensions in the UK December 31, 2020 December 31, 2019 Automotive excl. AVTOVAZ Sales Financing Automotive excl. AVTOVAZ Sales Financing Financial discount rate* 1.40% 1.40% 2.1% 2.1% Pension inflation rate N/A N/A 2.8% 2.8% Duration of plan 19 years 21 years 20 years 23 years Actual return on fund assets 7% to 7.2% 7.84% 12.74% 15.52% Gross obligation €395 million €48 million €370 million €44 million Fair value of assets invested via pension funds €323 million €32 million €319 million €31 million The discount rate was determined by reference to the interest rate curve established by Deloitte based on the iBoxx £ index for AA-rated corporate bonds (DTRB £ AA * corporate bond yield curve). Net expense for the year 19 - C - (€ million) 2020 2019 Current service cost 88 98 Past service cost and (gain)/loss on settlement 1 (84) Net interest on the net liability (asset) 16 28 Effects of workforce adjustment measures (1) - Net expense (income) for the year recorded in the income statement 104 42 Detail of balance sheet provision 19 - D - Breakdown of the balance sheet provision D1 (€ million) December 31, 2020 Present value of the obligation Fair value of fund assets Net defined-benefit liability (asset) Retirement and termination indemnities France 1,275 (1) 1,274 Europe (excluding France) 15 - 15 Americas 2 - 2 Africa – Middle–East – India – Asia-Pacific 2 - 2 Eurasia (1) 53 - 53 TOTAL RETIREMENT AND TERMINATION INDEMNITIES 1,347 (1) 1,346 Supplementary pensions France 81 (79) 2 United Kingdom 443 (355) 88 Europe (excluding France and the United Kingdom) (2) 365 (236) 129 Africa – Middle–East – India – Asia-Pacific 3 - 3 Americas 4 - 4 TOTAL SUPPLEMENTARY PENSIONS 896 (670) 226 Other long-term benefits France (3) 71 - 71 Europe (excluding France) 3 - 3 Americas 1 - 1 TOTAL OTHER LONG-TERM BENEFITS 75 - 75 TOTAL (4) 2,318 (671) 1,647 Essentially Romania and Turkey. (1) Essentially Germany and Switzerland. (2) Flexible holiday entitlements and long-service awards. (3) Total net liability due within one year: €103 million; total net liability due after one year: €1,544 million. (4)