CARREFOUR - 2014 annual financial report

143

2014 Registration Document

Consolidated Financial Statements Year ended December 31, 2014

Notes to the Consolidated statements

5.6

Notes to the Consolidated statements

Note 1

Basis of preparation of the Consolidated

Financial Statements

144

Note 2

Summary of significant accounting policies

145

Note 3

Significant events of the year

154

Note 4

Restatement of comparative information

157

Note 5

Segment information

159

Note 6

Net sales

161

Note 7

Other revenue by nature

161

Note 8

Cost of sales

162

Note 9

Sales, general and administrative expenses

162

Note 10

Depreciation and amortization

162

Note 11

Non-recurring income and expenses

163

Note 12

Finance costs and other financial income and expenses 164

Note 13

Income tax expense

164

Note 14

Net income from discontinued operations

165

Note 15

Earnings per share (Group share)

166

Note 16

Other comprehensive income

167

Note 17

Intangible assets

168

Note 18

Property and equipment

171

Note 19

Investment property

174

Note 20

Investments in companies accounted for by the

equity method and other non-current financial assets 175

Note 21

Deferred taxes

177

Note 22

Inventories

178

Note 23

Trade receivables

178

Note 24

Other current financial assets

178

Note 25

Other assets

178

Note 26

Cash and cash equivalents

179

Note 27

Shareholders’ equity

179

Note 28

Share-based payments

181

Note 29

Provisions

184

Note 30

Post-employment benefit obligations

184

Note 31

Claims and litigation

188

Note 32

Long and short-term borrowings

189

Note 33

Consumer credit financing

192

Note 34

Financial instruments

193

Note 35

Other payables

194

Note 36

Risk management

195

Note 37

Contingent liabilities

200

Note 38

Change in working capital requirement

200

Note 39

Off-balance sheet commitments

200

Note 40

Employee information

202

Note 41

Related parties

202

Note 42

Management compensation

202

Note 43

Subsequent events

203

Note 44

Fees paid to the auditors

203

Note 45

Scope of consolidation

204