Nissan contributes € 230 million for first quarter 2012 to Renault’s earnings







Published by Gerald Ferreira Date: May 11, 2012
Categories: Nissan, Renault, Renault Financial

NissanNissan released today its results for Fiscal Year 2011/2012 (April 1, 2011 to March 31, 2012).

Nissan’s results, published in JGAAP, for the fourth quarter fiscal year 2011/2012 (January 1to March 31, 2012) will have a positive contribution to Renault’s first-half 2012 net income estimated, after restatements, at € 230 millions (1).

This contribution integrates a reclassification, between JGAAP and International Accounting Standards (IFRS), of the capital gain resulting from the acquisition of minority interests during the period. This capital gain for Renault is recognized directly in shareholders’ equity in Renault’s accounts, and corresponded to an impact of €100 million.