Groupe Renault - 2020 Universal Registration Document

70 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 01 THE ALLIANCE GROUPE RENAULT Nissan 2020 results 1.2.5 Nissan’s financial statements are prepared pursuant to Japanese accounting standards, which differ from the standards used by Renault. The statements include intermediate operating results and some Nissan-specific indicators. In order to measure the contribution to Renault’s results, Nissan’s financial statements are restated, as described in chapter 4, note 12 to the consolidated financial statements. Nissan’s financial year starts on April 1 and ends on March 31 of the following year. Nissan 2020 financial year after 1.2.5.1 nine months For the nine months ended December 31, 2020, Nissan's net income amounted to a loss of -¥367.7 billion (compared to earnings of ¥39.3 billion for the nine months ended December 31, 2019). The operating margin was -¥131.6 billion for the period, representing a margin of -2.5% on net revenue of ¥5.3 trillion. Globally, Nissan sold 2.8 million vehicles in the first nine months of the 2020 financial year, a 24.8% decrease compared to last year. Nissan’s contribution to Renault’s 1.2.5.2 2020 consolidated net income Nissan’s contribution to Renault’s loss in 2020 was -€4,970 million, compared to earnings of €242 million in 2019, recorded in the financial statements as a share of the net income of companies accounted for by the equity method (see chapter 4, note 12 of the consolidated financial statements).