Renault.com - Sales financing division

Sales Financing Division

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1.	2003 revenues
	EUR199 million) ; previously it was accounted for under the equity method. The Sales Financing Division recorded one consolidation change, i.e. the proportional consolidation of 49 % of Overlease Italy on January 1, 2003 (positive impact :...

2.	2002 revenues
	Total revenues 36,351 35,409 36,336 + 2.6Table updated on 11/02/2003 (1) For comparison purposes, data for 2001 has been restated on a consistent basis with the data of 2002. The principal changes are the following : in the Automobile Division, the CAT group was deconsolidated following its sale on July 1, 2001 (- E163 million) ; in the Sales Financing Division, the method of consolidating Renault Financial Services (RFS) has changed : as of December 31, 2001, RFS is consolidated via the proportionate method at 50 %, whereas previous to that time it was fully consolidated..