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2014 Registration Document
Presentation of the Group 3 1.1 Consolidated key figures 4 1.2 Results and highlights of 2014 6 1.3 Activities and strategy 8 1.4 Tangible fixed assets 15 1.5 Intellectual property 15 1.6 History 16 1.7 Organisational chart 18 1Contents
Consolidated Financial Statements Year ended December 31, 2014 135 5.1 Consolidated income statement 136 5.2 Consolidated statement of comprehensive income 137 5.3 Consolidated statement of financial position 138 5.4 Consolidated statement of cash flows 140 5.5 Consolidated statement of changes in shareholders’ equity 142 5.6 Notes to the Consolidated statements 143 5.7 Statutory Auditors’ report on the Consolidated Financial Statements 211 5 2 Social responsibility 19 2.1 CSR at Carrefour 20 2.2 Action plans 26 2.3 Results 59 3 Corporate governance 71 3.1 Corporate Governance Code 72 3.2 Composition and operation of the Board of Directors 72 3.3 Executive Management 86 3.4 Remunerations and benefits granted to corporate officers 87 3.5 Risk management 92 3.6 Internal control 100 3.7 Statutory Auditors’ report prepared in accordance with Article L.225-235 of the French Commercial Code on the report of the Chairman of the Board of Directors 108 4 Comments on 2014 fiscal year 109 4.1 Sales and earnings performance 110 4.2 Financial position 115 4.3 Outlook for 2015 118 4.4 Other information 119 4.5 Q1 Gross Sales for 2015 123 4.6 Parent company financial review 127 6 Company financial statement year ended December 31, 2014 213 6.1 Balance Sheet at December 31, 2014 214 6.2 Income Statement for the year ended December 31, 2014 215 6.3 Statement of cash flows for the year ended December 31, 2014 216 6.4 Notes to the Company Financial Statements 217 6.5 Statutory Auditors’ report on the annual Financial Statements 232 7 Information about the Company and the capital 235 7.1 Information about the Company 236 7.2 Information on the capital 239 7.3 Shareholders 243 7.4 Stock market information 246 8 Additional information 249 8.1 Publicly available documents 250 8.2 Persons responsible for the Registration Document and annual financial report 250 8.3 Certification by the persons responsible for the Registration Document and annual financial report 250 8.4 Persons responsible for auditing the Financial Statements and fees 251 8.5 Information included by reference 253 8.6 CSR cross-reference tables 254 8.7 Registration Document concordance table 258 8.8 Annual Financial Report concordance table 261 8.9 Management Report concordance table 262