2007 Interactive Registration Document - Renault

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07 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS 7.2.2 CONSOLIDATED BALANCE SHEETS (€ million) DECEMBER 31, 2007 DECEMBER 31, 2006 DECEMBER 31, 2005 ASSETS Non-current assets Intangible assets (note 11) 4,056 3,422 2,972 Property, plant and equipment (note 12) 13,055 13,166 12,691 Investments in associates 12,977 12,958 12,372 Nissan (note 13) 10,966 10,777 10,441 Other associates (note 14) 2,011 2,181 1,931 Non-current financial assets (notes 22 and 25) 606 563 577 Deferred tax assets (note 9) 220 313 355 Other non-current assets 504 376 358 TOTAL NON-CURRENT ASSETS 31,418 30,798 29,325 Current assets Inventories (note 15) 5,932 5,309 5,857 Sales financing receivables (notes 16 and 25) 20,430 20,360 20,700 Automobile receivables (notes 17 and 25) 2,083 2,102 2,055 Current financial assets (notes 22 and 25) 1,239 2,229 1,871 Other current assets (note 18) 2,375 2,043 2,413 Cash and cash equivalents (note 23) 4,721 6,010 6,151 TOTAL CURRENT ASSETS 36,780 38,053 39,047 TOTAL ASSETS 68,198 68,851 68,372 (€ million) DECEMBER 31, 2007 DECEMBER 31, 2006 DECEMBER 31, 2005 SHAREHOLDERS’ EQUITY AND LIABILITIES < TABLE OF CONTENTS > Shareholders’ equity Share capital 1,086 1,086 1,086 Share premium 3,453 3,453 3,453 Treasury shares (499) (373) (456) Revaluation of financial instruments 68 105 54 Translation adjustment (982) (269) 548 Reserves 15,782 13,700 10,968 Net income – Renault share 2,669 2,886 3,376 Shareholders’ equity – Renault share 21,577 20,588 19,029 Shareholders’ equity – minority interests’ share 492 483 463 TOTAL SHAREHOLDERS’ EQUITY (note 19) 22,069 21,071 19,492 Non-current liabilities Deferred tax liabilities (note 9) 118 251 231 Provisions – long-term (note 20) 1,765 1,847 1,884 Non-current financial liabilities (notes 24 and 25) 5,413 5,430 5,901 Other non-current liabilities 523 428 516 TOTAL NON-CURRENT LIABILITIES 7,819 7,956 8,532 Current liabilities Provisions – short-term (note 20) 954 1,053 1,264 Current financial liabilities (notes 24 and 25) 1,517 3,715 2,547 Sales financing debts (notes 24 and 25) 21,196 21,212 22,427 Trade payables (note 25) 8,224 7,384 7,788 Current tax liability 166 121 215 Other current liabilities (note 21) 6,253 6,339 6,107 TOTAL CURRENT LIABILITIES 38,310 39,824 40,348 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 68,198 68,851 68,372 182 Registration Document Renault 2007 Find out more at www.renault.com 01 02 03 04 05 06 07 08
7.2.3 CONSOLIDATED SHAREHOLDERS’ EQUITY A – STATEMENT OF INCOME AND EXPENSES FOR THE PERIOD All amounts are reported net of taxes. ✦ Global Reporting Initiative (GRI) Directives FINANCIAL STATEMENTS 07 CONSOLIDATED FINANCIAL STATEMENTS (€ million) 2007 2006 2005 Net income for the period 2,734 2,960 3,462 Actuarial gains and losses on defined-benefit pension plans (1) (60) 21 (95) Translation adjustment on foreign activities (1) (2) (738) (835) 796 Fair value adjustments on cash flow hedging instruments (1) (3) (38) 85 26 Fair value adjustments on available-for-sale financial assets (1) (3) 1 (34) (70) Income and expenses recorded in shareholders’ equity (835) (763) 657 TOTAL INCOME AND EXPENSES FOR THE PERIOD 1,899 2,197 4,119 Renault share 1,862 2,141 4,001 Minority interests’ share 37 56 118 (1) Associates’ share (€ million). (€ million) 2007 2006 2005 Actuarial gains and losses (12) 77 (29) Translation adjustments on foreign activities (662) (1,182) 630 Cash flow hedges (18) 17 (26) Available-for-sale financial assets - 5 34 (2) Including €153 million for the partial hedge of the investment in Nissan in 2007 (€351 million in 2006 and €(10) million in 2005). (3) See note 19-F < TABLE OF CONTENTS > 01 02 03 04 05 06 07 08 Registration Document Renault 2007 183
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2007 REGISTRATION DOCUMENT
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TABLE OF CONTENTS 01 RENAULT AND TH
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01 Renault and the Group < TABLE OF
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1.1.2 BACKGROUND AND HIGHLIGHTS 189
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1.1.3 MAIN ACTIVITIES Since the fi
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I n the luxury E segment, Renault l
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PRODUCTION OF THE MAIN MANUFACTURIN
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HIGHLIGHTS IN GROUP NETWORK STRATEG
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In April 2007, in addition to an or
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n n in Morocco, Renault signed a me
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RENAULT RETAIL GROUP SA 117-199, av
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* REAL ESTATE AND IT FINANCING FOR
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1.3 THE RENAULT-NISSAN ALLIANCE On
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RENAULT SHARE PRICE FROM MARCH 29,
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These two entities are free to acce
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Interchangeable components Compleme
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MANUFACTURING Renault and Nissan ha
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1.3.4.1 NISSAN’S STRATEGY AND GRO
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1.3.4.2 NISSAN’S 2007 CONTRIBUTIO
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SALES IN WESTERN EUROPE RENAULT AND
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GLOBAL SALES AND PRODUCTION SITES
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02 Management report < TABLE OF CON
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FRANCE & EUROPE REGIONS - GROUP SAL
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for 67.1% of the Group’s sales in
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INTERNATIONAL ROLLOUT OF THE LOGAN
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In 2007, RCI Banque also launched f
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RENAULT GROUP - REGISTRATIONS IN EU
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Renault g roup’s new geographical
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Renault g roup - R&D expenses* Glob
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2.1.3 FINANCIAL INFORMATION ON THE
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2.1.4 PROGRESS REPORT ON RENAULT CO
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The Renault [T] (“square T”) te
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2.2.3 2007 R&D HIGHLIGHTS 2.2.3.1 A
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Industrial risk The decision to set
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MANAGEMENT PROCEDURES Between 1990
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MANAGEMENT PROCEDURES Import subsid
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Renault Finance also trades for its
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In early 2005 RCI Banque also secur
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2.3.5 OTHER RISKS 2.3.5.1 OFF-BALAN
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03 Sustainable development < TABLE
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of employee commitment remains one
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Over the past three years, incentiv
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For 2007, Group turnover totaled 7%
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3.1.2.5 TRAINING Vocational trainin
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Efforts continued in 2007 to extend
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The agreement on teleworking was si
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TEST LABORATORY Renault’s test la
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COMPARATIVE INVENTORY AND PROGRESS
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Renault is implementing a three-pro
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Liquefied Petroleum Gas (LPG) and C
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USE Use-phase waste is generated by
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3.2.3 CROSS-FUNCTIONAL MANAGEMENT O
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VEHICLE DESIGN AND DEVELOPMENT PROC
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ENVIRONMENTAL MANAGEMENT IN THE VEH
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SHARING RENAULT’S KNOW-HOW WITH O
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3.3.2 RENAULT AND ITS STAKEHOLDERS
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In 2007, Renault participated as an
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BREAKDOWN OF ACCIDENTS RESULTING IN
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The Safety for All program in Moroc
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“VALUED CITIZENS” PROGRAM IN SO
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MAIN HR OBJECTIVES ✦ Global Repor
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3.4.3 SOCIAL OBJECTIVES KEY OBJECTI
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OEKOM Oekom, one of Germany’s lea
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TABLE OF CONTENTS > SUSTAINABLE DEV
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TABLE OF CONTENTS > 04 Corporate go
Page 133 and 134: DIRECTORS OFFICES/FUNCTIONS Carlos
Page 135 and 136: DIRECTORS OFFICES/FUNCTIONS Jean-Cl
Page 137 and 138: THE ALLIANCE: n took cognizance of
Page 139 and 140: In compliance with French legal and
Page 141 and 142: 4.2 MANAGEMENT BODIES AT FEBRUARY 1
Page 143 and 144: ORGANIZATION CHART AT FEBRUARY 1, 2
Page 145 and 146: 4.3.3 FEES PAID TO STATUTORY AUDITO
Page 147 and 148: The Chairman of the Board of Direct
Page 149 and 150: Summary of plans The options grante
Page 151 and 152: CORPORATE GOVERNANCE 04 REPORT OF T
Page 153 and 154: PROCEDURES AND OPERATING METHODS Th
Page 155 and 156: 4.5.2.7 ORGANIZATION OF PROCEDURES
Page 157 and 158: CORPORATE GOVERNANCE 04 STATUTORY A
Page 159 and 160: 05 Renault and its shareholders < T
Page 161 and 162: 5.1.2.2 GENERAL MEETINGS OF SHAREHO
Page 163 and 164: 5.2.4 UNISSUED AUTHORIZED CAPITAL 5
Page 165 and 166: 5.3 MARKET FOR RENAULT SHARES 5.3.1
Page 167 and 168: 5.3.2 RENAULT AND DIAC REDEEMABLE S
Page 169 and 170: 5.4 INVESTOR RELATIONS POLICY ✦ S
Page 171 and 172: TABLE OF CONTENTS > RENAULT AND ITS
Page 173 and 174: TABLE OF CONTENTS > 06 Mixed Genera
Page 175 and 176: APPOINTMENT OF A DIRECTOR The seven
Page 177 and 178: CAPITAL INCREASE AUTHORISATION GIVE
Page 179 and 180: TABLE OF CONTENTS > MIXED GENERAL M
Page 181 and 182: TABLE OF CONTENTS > 07 Financial st
Page 183: ✦ Global Reporting Initiative (GR
Page 187 and 188: 7.2.4 CONSOLIDATED STATEMENTS OF CA
Page 189 and 190: A2 - CONSOLIDATED BALANCE SHEETS BY
Page 191 and 192: DECEMBER 31, 2005 (€ million) AUT
Page 193 and 194: (€ million) AUTOMOBILE SALES FINA
Page 195 and 196: B - INFORMATION BY GEOGRAPHIC AREA
Page 197 and 198: 7.2.6.1 ACCOUNTING POLICIES AND SCO
Page 199 and 200: F - Translation of foreign currency
Page 201 and 202: Useful lives are regularly reviewed
Page 203 and 204: Renegotiations of the terms of borr
Page 205 and 206: 7 - OTHER OPERATING INCOME AND EXPE
Page 207 and 208: B - Changes during the year (€ mi
Page 209 and 210: 13 - INVESTMENT IN NISSAN A - Nissa
Page 211 and 212: G - Hedging of the investment in Ni
Page 213 and 214: 15 - INVENTORIES DECEMBER 31, DECEM
Page 215 and 216: A dividend distribution of €3.80
Page 217 and 218: The plans have been valued as follo
Page 219 and 220: C3 - Summary ✦ Global Reporting I
Page 221 and 222: B - Breakdown by category ✦ Globa
Page 223 and 224: B - Breakdown by category DECEMBER
Page 225 and 226: C1 - Financial liabilities of the A
Page 227 and 228: B - Impact of financial instruments
Page 229 and 230: DECEMBER 31, 2005 (€ million) ✦
Page 231 and 232: Interest rate derivatives B3 - Equi
Page 233 and 234: 28 - RELATED PARTIES A - Remunerati
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31 - CONSOLIDATED COMPANIES A - Ful
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✦ Global Reporting Initiative (GR
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✦ Global Reporting Initiative (GR
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1. WITH COGERA Credit facility agre
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BALANCE SHEET ✦ Global Reporting
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E - Marketable securities Marketabl
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7.4.2.7 INVESTMENTS Changes during
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7.4.2.13 PROVISIONS FOR RISKS AND L
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Breakdown by maturity ✦ Global Re
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Renault SA uses derivatives to impl
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7.4.2.23 SUBSEQUENT EVENTS No signi
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08 Additional information < TABLE O
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ADDITIONAL INFORMATION 08 INFORMATI
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8.3.1.3 PRESIDENT AND CHIEF EXECUTI
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COMPOSITION, TASKS AND OPERATING PR
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8.3.3.2 USE AND/OR COMMUNICATION OF
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Renault made its fi rst inventory o
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SITE WATER CONSUMPTION (m 3 thousan
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Nature and scope of the audit We pe
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ADDITIONAL INFORMATION 08 CROSS-REF
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GRI INDICATORS (1) ADDITIONAL INFOR
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