2007 Interactive Registration Document - Renault

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07 CONSOLIDATED FINANCIAL STATEMENTS FINANCIAL STATEMENTS B – Proportionately consolidated companies (joint-ventures) RENAULT GROUP’S INTEREST (%) COUNTRY DECEMBER 31, 2007 DECEMBER 31, 2006 DECEMBER 31, 2005 AUTOMOBILE Française de Mécanique France 50 50 50 GIE TA 96 France 50 50 50 Ciudad Communicacion Valladolid Spain - 50 - SALES FINANCING Sygma Finance France 50 50 50 Renault Leasing CZ Sro Czech Republic 50 50 50 Renault Credit Car Belgium 50 50 50 Renault Financial Services Ltd. (RFS) United Kingdom - 50 50 Overlease Italia Italy 49 49 49 C – Companies accounted for by the equity method (associates) RENAULT GROUP’S INTEREST (%) COUNTRY DECEMBER 31, 2007 DECEMBER 31, 2006 DECEMBER 31, 2005 AUTOMOBILE AB Volvo Group Sweden 21.8 21.8 21.8 MAIS Turkey 49 49 49 Nissan Group Japan 45.6 45.3 45.7 SALES FINANCING Nissan Renault Wholesale Mexico Mexico - 15 15 Nissan Renault Finance Mexico Mexico 15 15 15 The percentage control is different from the percentage ownership for the following entity: < TABLE OF CONTENTS > RENAULT GROUP’S% CONTROL COUNTRY DECEMBER 31, 2007 DECEMBER 31, 2006 DECEMBER 31, 2005 AB Volvo Group Sweden 21.3 21.3 21.3 236 Registration Document Renault 2007 Find out more at www.renault.com 01 02 03 04 05 06 07 08
✦ Global Reporting Initiative (GRI) Directives FINANCIAL STATEMENTS 07 STATUTORY AUDITORS’ REPORTS ON THE PARENT COMPANY ONLY 7.3 STATUTORY AUDITORS’ REPORTS ON THE PARENT COMPANY ONLY 7.3.1 ON THE FINANCIAL STATEMENTS Renault Year ended December 31, 2007 Statutory Auditors’ report on the annual fi nancial statements This is a free translation into English of the statutory auditors’ report issued in the French language and is provided solely for the convenience of English speaking readers. This report includes information specifi cally required by French law in all audit reports, whether qualifi ed or not, and this is presented below the opinion on the fi nancial statements. This information includes explanatory paragraphs discussing the auditors’ assessments of certain signifi cant accounting matters. These assessments were made for the purpose of issuing an opinion on the fi nancial statements taken as a whole and not to provide separate assurance on individual account captions or on information taken outside of the annual fi nancial statements. The report also includes information relating to the specifi c verifi cation of information in the management report. This report should be read in conjunction with, and is construed in accordance with French law and professional auditing standards applicable in France. To the s hareholders, In accordance with our appointment as statutory auditors by your Annual General Meeting, we hereby report to you, for the year ended December 31, 2007, on: n n n the audit of the accompanying annual fi nancial statements of Renault; the justifi cation of our assessments; the specifi c verifi cations and information required by law. These annual financial statements have been approved by the Board of Directors. Our role is to express an opinion on these fi nancial statements based on our audit. < TABLE OF CONTENTS > I. OPINION ON THE ANNUAL FINANCIAL STATEMENTS We conducted our audit in accordance with the professional standards applicable in France; those standards require that we plan and perform the audit to obtain reasonable assurance about whether the annual fi nancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the annual fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by the management, as well as evaluating the overall annual fi nancial statements presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the annual fi nancial statements present fairly, in all material respects, the fi nancial position of the Company at December 31, 2007 and the results of its operations for the year then ended, in accordance with the accounting rules and principles applicable in France. II. JUSTIFICATION OF ASSESSMENTS In accordance with the requirements of article L. 823-9 of French Company Law (Code de commerce) relating to the justifi cation of our assessments, we bring to your attention the following matters: As disclosed in the note 1.C to the fi nancial statements, and in accordance with the Conseil national de la comptabilité (French National Accounting Body’s) Recommendation n°. 34, your company has elected to use the equity method to account for its investments in subsidiaries over which it exercises exclusive control. The equity value of these investments is determined in accordance with the accounting rules and methods used to draw up the Group’s consolidated fi nancial statements. Our assessment of this equity value is based on the result of the procedures performed to audit the Group’s consolidated fi nancial statements for the 2007 fi scal year. The assessments were thus made in the context of the performance of our audit of the fi nancial statements taken as a whole and therefore contributed to the formation of our audit opinion expressed in the fi rst part of this report. 01 02 03 04 05 06 07 08 Registration Document Renault 2007 237
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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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5.4 INVESTOR RELATIONS POLICY ✦ S
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TABLE OF CONTENTS > RENAULT AND ITS
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TABLE OF CONTENTS > 06 Mixed Genera
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APPOINTMENT OF A DIRECTOR The seven
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CAPITAL INCREASE AUTHORISATION GIVE
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TABLE OF CONTENTS > MIXED GENERAL M
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TABLE OF CONTENTS > 07 Financial st
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✦ Global Reporting Initiative (GR
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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 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 237: ✦ Global Reporting Initiative (GR
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
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
Page 271 and 272: Nature and scope of the audit We pe
Page 273 and 274: ADDITIONAL INFORMATION 08 CROSS-REF
Page 275 and 276: GRI INDICATORS (1) ADDITIONAL INFOR
Page 280: (www.renault.com) Photos cre dits:
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