Table of Contents I 346

Carrefour - 2017 Registration Document

PROFIL 2
MESSAGE FROM THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER 3
1. PRESENTATION OF THE CARREFOUR GROUP 5
1.1 Strategy of the Carrefour group 6
1.2 History of the Carrefour group 12
1.3 Description of the Group’s business 15
1.4 The Carrefour group in 2017 21
1.5 Corporate Governance 28
2. CORPORATE SOCIAL RESPONSIBILITY 31
2.1 CSR at Carrefour 32
2.2 Combatting waste 40
2.3 Protecting biodiversity 50
2.4 Supporting our partners 60
2.5 Carrefour’s human resources policy 70
2.6 Carrefour’s duty of care plan 88
2.7 Carrefour’s non-financial results 94
3. CORPORATE GOVERNANCE 109
3.1 Corporate governance code 110
3.2 Composition, conditions of preparation and organisation of the Board of Directors' work 111
3.3 Executive Management and the Group Executive Committee 139
3.4 Compensation and benefits granted to Company Officers 142
3.5 "Comply or Explain" rule of the AFEP-MEDEF code 160
3.6 Regulated agreements and commitments referred to in Articles L.”225-38 et”seq. and L.”225-42-1 of the French commercial code 161
3.7 Transactions in the Company’s shares carried out by Company Officers 162
3.8 Statutory Auditors' special report on regulated agreements and commitments 164
4. MANAGEMENT’S DISCUSSION AND ANALYSIS ASOFDECEMBER31,2017 171
4.1 Consolidated sales and earnings performance 172
4.2 Group financial position 177
4.3 Outlook for 2018 180
4.4 Other information 181
4.5 First-quarter 2018 sales 185
4.6 Parent company financial review 188
4.7 Risk management 192
4.8 Internal control system 204
5. CONSOLIDATED FINANCIAL STATEMENTS ASOFDECEMBER31,2017 213
5.1 Consolidated income statement 214
5.2 Consolidated statement of comprehensive income 215
5.3 Consolidated statement of financial position 216
5.4 Consolidated statement of cash flows 218
5.5 Consolidated statement of changes in shareholders’ equity 220
5.6 Notes to the Consolidated Financial Statements 221
5.7 Statutory Auditors’ report on the Consolidated Financial Statements 293
6. COMPANY FINANCIAL STATEMENTS YEAR ENDED DECEMBER31, 2017 297
6.1 Balance Sheet at December 31, 2017 298
6.2 Income statement for the year 299
6.3 Statement of cash flows 300
6.4 Notes to the Company Financial Statements 301
6.5 Statutory Auditors’ report on the Annual Financial Statements 316
7. INFORMATION ABOUT THE COMPANY 319
7.1 Information about the Company 320
7.2 Information on the capital 324
7.3 Shareholders 330
7.4 Stock market information 333
8. ADDITIONAL INFORMATION 335
8.1 Publicly available documents 336
8.2 Person responsible 336
8.3 Person responsible for the financial information 337
8.4 Persons responsible for auditing the Financial Statements 337
8.5 Information incorporated by reference 337
8.6 Concordance tables 338
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