2007 Interactive Registration Document - Renault

07 CONSOLIDATED
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
C – Breakdown of net deferred taxes
C1 – Change in deferred tax assets and liabilities
(€ million) 2007 2006
Deferred tax assets 313 355
(Deferred tax liabilities) (251) (231)
Net deferred tax assets (liabilities) at January 1 62 124
Deferred tax income (expense) for the period 58 86
Change in deferred taxes included in equity (1) (30) (158)
Translation adjustments (5) -
Change in scope of consolidation and other 17 10
Net deferred tax assets (liabilities) at December 31 102 62
Including: deferred tax assets 220 313
(deferred tax liabilities) (118) (251)
(1) Mainly related to changes in the financial instrument revaluation reserve, actuarial gains and
losses, and the effect of the hedge of the investment in Nissan.
C2 – Breakdown of net deferred tax assets by nature
(€ million)
DECEMBER 31,
2007
DECEMBER 31,
2006
DECEMBER 31,
2005
Deferred taxes on:
Investments in associates (84) (83) (72)
Fixed assets
Provisions and other expenses or
valuation allowances deductible
(1,577) (1,372) (1,240)
upon utilisation 762 808 943
Loss carryforwards 1,195 969 762
Other 457 340 378
Net deferred tax assets
(liabilities)
Unrecognised deferred tax assets
753 662 771
(note 9-C3) (651) (600) (647)
NET DEFERRED TAX ASSETS
(LIABILITIES) REPORTED 102 62 124
C3 – Breakdown of unrecognised net deferred tax assets, by expiry
DECEMBER 31, DECEMBER 31, DECEMBER 31,
(€ million)
Net deferred tax assets that can be
2007 2006 2005
carried forward indefinitely
Other net deferred tax assets
509 492 458
expiring in more than 5 years
Other net deferred tax assets
12 5 22
expiring between 1 and 5 years
Other net deferred tax assets
54 60 87
expiring within 1 year 76 43 80
TOTAL UNRECOGNISED NET
DEFERRED TAX ASSETS
Including:
deferred taxes on tax loss
651 600 647
carryforwards 547 545 535
other deferred taxes 104 55 112
< TABLE OF CONTENTS >
10 – BASIC AND DILUTED EARNINGS PER SHARE
Renault’s basic earnings per share and diluted earnings per share are calculated
by dividing Renault’s share of net income by the relevant number of shares.
The number of shares used to calculate the basic earnings per share is the
weighted average number of ordinary shares in circulation during the period, i.e.
after neutralisation of treasury shares and Renault shares held by Nissan.
(i n thousands of shares) 2007 2006 2005
Shares in circulation 284,937 284,937 284,937
Treasury shares
Shares held by Nissan x Renault’s
(6,897) (8,500) (10,176)
share in Nissan (19,419) (19,443) (19,584)
Number of shares used
to calculate basic earnings
per share 258,621 256,994 255,177
The number of shares used to calculate the diluted earnings per share is the
weighted average number of ordinary shares potentially in circulation during
the period, i.e. the number of shares used to calculate the basic earnings
per share plus the number of dilutive stock options and dilutive rights to free
share attribution.
(i n thousands of shares)
Number of shares used to calculate
2007 2006 2005
basic earnings per share
Number of dilutive stock options
258,621 256,994 255,177
and free share attribution rights 3,741 3,096 2,165
Number of shares used
to calculate diluted earnings
per share 262,362 260,090 257,342
7.2.6.3 OPERATING ASSETS AND
LIABILITIES, SHAREHOLDERS’ EQUITY
11 – INTANGIBLE ASSETS
A – Intangible assets at December 31
DECEMBER 31, DECEMBER 31, DECEMBER 31,
(€ million)
2007 2006 2005
Capitalised development expenses 6,301 5,403 4,647
Goodwill 300 278 247
Other intangible assets 300 280 301
Intangible assets, gross
Amortisation of capitalised
6,901 5,961 5,195
development expenses
Amortisation of other intangible
(2,641) (2,341) (2,030)
assets (204) (198) (193)
Amortisation and impairment (2,845) (2,539) (2,223)
INTANGIBLE ASSETS, NET 4,056 3,422 2,972
Most goodwill is in Europe.
204 Registration Document Renault 2007
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