2007 Interactive Registration Document - Renault

07 CONSOLIDATED
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
D – Changes in Nissan equity restated for the purposes of the Renault consolidation
(in billions of yen)
DECEMBER 31,
2006
2007 NET
INCOME DIVIDENDS
TRANSLATION
ADJUSTMENT
OTHER
CHANGES (1)
DECEMBER 31,
2007
Shareholders’ equity – Nissan share under Japanese GAAP
Restatements for Renault group requirements:
3,430 427 (152) 23 (15) 3,713
Restatement of fixed assets
Provision for pension and other long term employee
458 (43) - - - 415
benefit obligations (2) (123) 6 - - (25) (142)
Capitalisation of development expenses 497 51 - - - 548
Deferred taxes and other restatements (417) 16 (11) (31) 13 (430)
Net assets restated for Renault group requirements 3,845 457 (163) (8) (27) 4,104
(€ million)
Net assets restated for Renault group requirements 24,499 2,837 (1,002) (1,289) (162) 24,883
Renault’s share 45.3% 45.6%
(before neutralisation described below) 11,098 1,288 (456) (587) (6) 11,337
Neutralisation of 44.3% of Nissan’s investment in Renault (3) (962) - - - - (962)
Renault’s share in the net assets of Nissan 10,136 1,288 (456) (587) (6) 10,375
(1) “Other changes” include Renault dividends received by Nissan, the change in actuarial gains and losses on pension obligations, the change in the financial instruments revaluation reserve and changes in
Nissan treasury shares.
(2) Including actuarial gains and losses recognised in equity (note 2-A).
(3) At December 31, 2007, Nissan held 15% of Renault.
E – Nissan net income under Japanese GAAP
Since Nissan’s fi nancial year ends at March 31, the Nissan net income included
in the 2007 Renault consolidation is the sum of Nissan’s net income for the
fi nal quarter of its 2006 fi nancial year and the fi rst three quarters of its 2007
fi nancial year.
JANUARY TO MARCH 2007 APRIL TO SEPTEMBER 2007 OCTOBER TO DECEMBER 2007 JANUARY TO DECEMBER 2007
FINAL QUARTER OF NISSAN’S 2006
FINANCIAL YEAR IN JAPAN
FIRST HALF OF NISSAN’S 2007
FINANCIAL YEAR IN JAPAN
THIRD QUARTER OF NISSAN’S 2007
FINANCIAL YEAR IN JAPAN
REFERENCE PERIOD FOR RENAULT’S
2007 CONSOLIDATED FINANCIAL
STATEMENTS
(in billions of yen) (€ million) (1) (in billions of yen) (€ million) (1) (in billions of yen) (€ million) (1) (in billions of yen) (€ million) (1)
Net income –
share 82.2 525 212.4 1,309 132.2 807 426.8 2,641
(1) Converted at the average 2007 exchange rate for each quarter.
F – Nissan financial information under IFRS
The table below presents Nissan fi nancial information, restated for the purposes
of the Renault consolidation, for the period January 1 – December 31, 2007.
The restatements include adjustments for harmonisation of accounting
standards and the adjustments to fair value of assets and liabilities applied by
Renault at the time of acquisitions in 1999 and 2002.
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(in billions of yen) (€ million) (1)
2007 revenues 11,030 68,407
2007 net income (2) Shareholders’ equity
475 2,948
at December 31, 2007 4,549 27,583
Balance sheet total at December 31, 2007 13,327 80,802
(1) Converted at the average exchange rate for 2007 i.e. 161 yen = 1 euro for income statement
items, and at the December 31, 2007 rate i.e. 165 yen = 1 euro for balance sheet items.
(2) The net income reported does not include Renault’s contribution to Nissan net income.
208 Registration Document Renault 2007
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