2007 Interactive Registration Document - Renault

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07 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS C7 – Reconciliation of the value of the obligations and the provisions (€ million) DECEMBER 31, <strong>2007</strong> DECEMBER 31, 2006 DECEMBER 31, 2005 Actuarial value of obligations not covered by funds 1,130 1,021 944 Actuarial value of obligations covered by funds 450 486 343 Value of fund assets (note 20-C5) (388) (363) (247) Obligations net of fund assets 1,192 1,144 1,040 Unrecorded past service costs 11 13 15 PROVISIONS FOR PENSION AND OTHER LONG-TERM EMPLOYEE BENEFIT 1,203 1,157 1,055 C8 – Breakdown of fund assets (€ million) DECEMBER 31, <strong>2007</strong> DECEMBER 31, 2006 DECEMBER 31, 2005 Equities 143 229 176 Bonds 212 126 58 Other 33 8 13 Total fund assets 388 363 247 The current best estimate for contributions payable in 2008 is €23 million. 21 – OTHER CURRENT LIABILITIES (€ million) DECEMBER 31, <strong>2007</strong> DECEMBER 31, 2006 DECEMBER 31, 2005 Tax liabilities (excluding current taxes) 455 496 431 Social liabilities 1,616 1,505 1,403 Other liabilities 3,571 3,894 3,984 Deferred income 446 414 276 Derivatives on operating transactions (note 26-A) 165 30 13 TOTAL 6,253 6,339 6,107 7.2.6.4 FINANCIAL ASSETS AND LIABILITIES 22 – FINANCIAL ASSETS A – Breakdown by nature (€ million) DECEMBER 31, <strong>2007</strong> DECEMBER 31, 2006 DECEMBER 31, 2005 NON-CURRENT CURRENT TOTAL NON-CURRENT CURRENT TOTAL NON-CURRENT CURRENT TOTAL Investments in non-controlled entities 38 38 36 - 36 100 - 100 Other securities - 204 204 1 312 313 1 469 470 Loans Derivative assets on financing operations 72 669 741 78 1,575 1,653 87 1,141 1,228 by the Automobile division (note 26-A) 496 366 862 448 342 790 389 261 650 TOTAL 606 1,239 1,845 563 2,229 2,792 577 1,871 2,448 Gross value 659 1,240 1,899 600 2,230 2,830 625 1,872 2,497 Impairment (53) (1) (54) (37) (1) (38) (48) (1) (49) The current portion of other securities corresponds to securities that cannot be classifi ed as cash equivalents. The change in the current portion of other available-for-sale marketable securities mainly results from the sale of Scania shares in 2005 and 2006. < TABLE OF CONTENTS > Loans essentially comprise short-term investments of Automobile division cash surpluses with fi nancial institutions. 218 <strong>Registration</strong> <strong>Document</strong> <strong>Renault</strong> <strong>2007</strong> Find out more at www.renault.com 01 02 03 04 05 06 07 08
B – Breakdown by category ✦ Global Reporting Initiative (GRI) Directives FINANCIAL STATEMENTS 07 CONSOLIDATED FINANCIAL STATEMENTS INSTRUMENTS HELD (€ million) FOR TRADING (1) HEDGING AVAILABLE-FOR- LOANS AND DERIVATIVES SALE INSTRUMENTS RECEIVABLES TOTAL Investments in non-controlled entities 38 38 Other securities 102 102 204 Loans Derivative assets on financing operations 741 741 by the Automobile division 558 304 862 TOTAL FINANCIAL ASSETS AT DECEMBER 31, <strong>2007</strong> 660 304 140 741 1,845 (1) Including derivatives not designated as hedges for accounting purposes. INSTRUMENTS HELD (€ million) FOR TRADING (1) HEDGING AVAILABLE-FOR- LOANS AND DERIVATIVES SALE INSTRUMENTS RECEIVABLES TOTAL Investments in non-controlled entities 36 36 Other securities 138 175 313 Loans Derivative assets on financing operations 1,653 1,653 by the Automobile division 404 386 790 TOTAL FINANCIAL ASSETS AT DECEMBER 31, 2006 542 386 211 1,653 2,792 Investments in non-controlled entities 100 100 Other securities 191 279 470 Loans Derivative assets on financing operations 1,228 1,228 by the Automobile division 416 234 650 TOTAL FINANCIAL ASSETS AT DECEMBER 31, 2005 607 234 379 1,228 2,448 (1) Including derivatives not designated as hedges for accounting purposes. 23 – CASH AND CASH EQUIVALENTS (€ million) DECEMBER 31, <strong>2007</strong> DECEMBER 31, 2006 DECEMBER 31, 2005 Cash equivalents 1,058 1,694 2,550 classified as held for trading 1,041 1,686 2,544 classified as available-for-sale 17 8 6 Cash on hand and bank deposits 3,663 4,316 3,601 TOTAL 4,721 6,010 6,151 Cash on hand and bank deposits are classifi ed as loans and receivables. < TABLE OF CONTENTS > 01 02 03 04 05 06 07 08 <strong>Registration</strong> <strong>Document</strong> <strong>Renault</strong> <strong>2007</strong> 219
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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
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4.5.2.7 ORGANIZATION OF PROCEDURES
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CORPORATE GOVERNANCE 04 STATUTORY A
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05 Renault and its shareholders < T
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5.1.2.2 GENERAL MEETINGS OF SHAREHO
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5.2.4 UNISSUED AUTHORIZED CAPITAL 5
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5.3 MARKET FOR RENAULT SHARES 5.3.1
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5.3.2 RENAULT AND DIAC REDEEMABLE S
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Page 171 and 172: TABLE OF CONTENTS > RENAULT AND ITS
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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 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: C3 - Summary ✦ Global Reporting I
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
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Page 255 and 256: 7.4.2.23 SUBSEQUENT EVENTS No signi
Page 257 and 258: 08 Additional information < TABLE O
Page 259 and 260: ADDITIONAL INFORMATION 08 INFORMATI
Page 261 and 262: 8.3.1.3 PRESIDENT AND CHIEF EXECUTI
Page 263 and 264: COMPOSITION, TASKS AND OPERATING PR
Page 265 and 266: 8.3.3.2 USE AND/OR COMMUNICATION OF
Page 267 and 268: Renault made its fi rst inventory o
Page 269 and 270: 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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(www.renault.com) Photos cre dits:
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