2007 Interactive Registration Document - Renault

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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 Find out more at www.renault.com 01 02 03 04 05 06 07 08
B – Changes during the year (€ million) GROSS VALUE ✦ Global Reporting Initiative (GRI) Directives AMORTISATION AND IMPAIRMENT NET VALUE Value at December 31, 2005 Acquisitions (note 27-C)/ 5,195 (2,223) 2,972 (amortisation) 1,132 (697) 435 (Disposals)/reversals (381) 379 (2) Translation adjustment Change in scope of consolidation (13) 2 (11) and other 28 - 28 Value at December 31, 2006 Acquisitions (note 27-C)/ 5,961 (2,539) 3,422 (amortisation) 1,348 (724) 624 (Disposals)/reversals (401) 399 (2) Translation adjustment Change in scope of consolidation (40) 11 (29) and other 33 8 41 Value at December 31, 2007 6,901 (2,845) 4,056 Acquisitions of intangible assets in 2007 comprise €1,237 million of selfproduced assets and €111 million of purchased assets (respectively €976 million and €156 million in 2006 and €834 million and €46 million in 2005). C – Research and development expenses included in income (€ million) 2007 2006 2005 Research and development expenses (2,462) (2,400) (2,264) Capitalised development expenses Amortisation of capitalised development 1,287 1,091 833 expenses (675) (654) (603) TOTAL (1,850) (1,963) (2,034) < TABLE OF CONTENTS > 12 – PROPERTY, PLANT AND EQUIPMENT FINANCIAL STATEMENTS 07 CONSOLIDATED FINANCIAL STATEMENTS A – Property, plant and equipment at December 31 DECEMBER 31, DECEMBER 31, DECEMBER 31, (€ million) 2007 2006 2005 Land 613 645 612 Buildings 5,571 5,422 5,200 Specific tools 8,143 7,675 7,064 Machinery and other tools 11,938 11,605 11,799 Vehicles leased to customers 2,246 2,308 2,240 Other tangibles 718 830 970 Construction in progress 1,232 1,718 1,086 Property, plant and equipment, gross 30,461 30,203 28,971 Land and buildings (2,430) (2,304) (2,228) Specific tools (5,947) (5,732) (5,141) Machinery and other tools (7,867) (7,675) (7,480) Vehicles leased to customers (578) (632) (654) Other tangibles (584) (694) (777) Depreciation (17,406) (17,037) (16,280) PROPERTY, PLANT AND EQUIPMENT, NET 13,055 13,166 12,691 01 02 03 04 05 06 07 08 Registration Document Renault 2007 205
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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
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DIRECTORS OFFICES/FUNCTIONS Carlos
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DIRECTORS OFFICES/FUNCTIONS Jean-Cl
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THE ALLIANCE: n took cognizance of
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In compliance with French legal and
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4.2 MANAGEMENT BODIES AT FEBRUARY 1
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ORGANIZATION CHART AT FEBRUARY 1, 2
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4.3.3 FEES PAID TO STATUTORY AUDITO
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The Chairman of the Board of Direct
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Summary of plans The options grante
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CORPORATE GOVERNANCE 04 REPORT OF T
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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 and 184: ✦ Global Reporting Initiative (GR
Page 185 and 186: 7.2.3 CONSOLIDATED SHAREHOLDERS’
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: 7 - OTHER OPERATING INCOME AND EXPE
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
Page 235 and 236: 31 - CONSOLIDATED COMPANIES A - Ful
Page 241 and 242: 1. WITH COGERA Credit facility agre
Page 243 and 244: BALANCE SHEET ✦ Global Reporting
Page 245 and 246: E - Marketable securities Marketabl
Page 247 and 248: 7.4.2.7 INVESTMENTS Changes during
Page 249 and 250: 7.4.2.13 PROVISIONS FOR RISKS AND L
Page 251 and 252: Breakdown by maturity ✦ Global Re
Page 253 and 254: Renault SA uses derivatives to impl
Page 255 and 256: 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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2007 Interactive Registration Document - Renault

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