Groupe Renault - 2020 Universal Registration Document

392 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 04 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS OTHER CURRENT AND NON-CURRENT LIABILITIES NOTE 21 (€ million) December 31, 2020 December 31, 2019 Non-current Current Total Non-current Current Total Current taxes due - 221 221 2 223 225 Provisions for uncertain tax liabilities 179 6 185 187 8 195 Tax liabilities (excluding current taxes due) 18 1,341 1,359 30 1,235 1,265 Social liabilities 24 1,250 1,274 22 1,415 1,437 Other liabilities 248 5,416 5,664 248 6,415 6,663 Deferred income 1,395 1,622 3,017 1,432 1,722 3,154 Derivatives on operating transactions of the Automotive segments - 13 13 - 14 14 Total other liabilities 1,685 9,642 11,327 1,732 10,801 12,533 TOTAL 1,864 9,869 11,733 1,921 11,032 12,953 Other current liabilities mainly corresponds to asset payables amounting to €1,116 million, amounts payable under sales incentive programs (€1,883 million at December 31, 2020 and €2,455 million at December 31, 2019) and deferred income recorded in connection with sales contracts including a buyback commitment (€660 million at December 31, 2020 and €675 million at December 31, 2019). Deferred income includes deferred income on Automotive service contracts such as maintenance and warranty extension contracts, and advances received under cooperation contracts with partners. This income concerns payments received under contracts defining a customer payment schedule that does not depend on the Group’s execution of its performance obligation (advance payment in full, or regular payments due at the end of specified periods). Deferred income is transferred to revenues over the duration of the contracts, and breaks down as follows: (€ million) Automotive service contracts Cooperation contracts 2020 2019* 2020 2019 Deferred income at January 1 1,084 1,035 1,331 1,295 Deferred income received during the period 556 473 223 325 Deferred income recognized in revenues during the period (616) (425) (248) (287) Change in scope of consolidation - - - - Translation adjustments and other changes (13) 1 (4) (2) Deferred income at December 31 1,011 1,084 1,301 1,331 To be recognized in revenues – within one year 914 446 189 264 in 1 to 3 years 87 573 244 513 in 3 to 5 years 10 65 867 554 The figures at December 31, 2019 have been restated to include automotive service contracts of the Sales Financing segment. *