Groupe Renault - 2020 Universal Registration Document

390 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS Schedule of amounts related to net defined-benefit liability D2 (€ million) December 31, 2020 <1 year 1 to 5 years 5 to 10 years >10 years Total Present value of obligation 117 315 405 1,481 2,318 Fair value of plan assets (11) (61) (79) (520) (671) Net defined-benefit liability (asset) 106 254 326 961 1,647 The weighted average duration of plans is 14 years at December 31, 2020 (15 years at December 31, 2019). Changes in obligations, fund assets and the provision 19 - E - (€ million) Present value of the obligation (A) Fair value of the fund assets (B) Net defined-benefit liability (A) + (B) Balance at December 31, 2019 2,315 (615) 1,700 Current service cost 88 - 88 Past service cost and gain/loss on plan curtailment, modification and settlement 1 - 1 Net interest on the net liability (asset) 25 (9) 16 Effects of staff adjustment measures (1) - (1) Net expense (income) for 2020 recorded in the income statement (Note 19-C) 113 (9) 104 Actuarial gains and losses on the obligation resulting from changes in demographic assumptions 3 - 3 Actuarial gains and losses on the obligation resulting from changes in financial effects 106 (16) 90 Actuarial gains and losses on the obligation resulting from experience effects (11) - (11) Net return on fund assets (not included in net interest above) - (20) (20) Net expense (income) for 2020 recorded in other components of comprehensive income 98 (36) 62 Employer’s contributions to funds - (28) (28) Employee’s contributions to funds - (2) (2) Benefits paid under the plan (100) 19 (81) Effect of changes in exchange rate (25) 20 (5) Effect of changes in scope of consolidation and other* (83) (20) (103) Balance at December 31, 2020 2,318 (671) 1,647 These effects include the reclassification of €108 million from retirement indemnities to provisions for restructuring, for employees who will benefit from indemnities under * the Collective Contractual Separation plan. Accumulated actuarial gains and losses, net of tax (excluding the associates’ share) recorded in other components of comprehensive income amounted to an expense of €855 million at December 31, 2020 (an expense of €735 million at December 31, 2019). December 31, 2020 (€420 million at December 31, 2019), and a 100 base point increase in discount rates used for each plan would result in a €452 million decrease in the amount of obligations at December 31, 2020 (€322 million at December 31, 2019). A 100 base point decrease in discount rates used for each plan would result in a €569 million increase in the amount of obligations at