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Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
Segment information
Note 4
Accounting policies
The income and expenses of certain support entities are allocated to
the various countries proportionately to the services provided to each,
IFRS
8 –
Operating Segments
requires the disclosure of information
with any unallocated revenue and expenses reported under "Global
about an entity’s operating segments derived from the internal
functions".
reporting system and used by the entity’s chief operating
decision-maker to make decisions about resources to be allocated to Segment assets include goodwill, other intangible assets, property and
the segment and assess its performance. The Carrefour group’s
equipment, investment property and "other segment assets",
operating segments consist of the countries in which it conducts its
corresponding to inventories, trade receivables, consumer credit
business through its integrated store network, as each country's results
granted by the financial services companies and other assets. Segment
are reviewed monthly by the Group's Chief Executive Officer who is the liabilities comprise suppliers and other creditors, consumer credit
chief operating decision-maker within the meaning of IFRS 8.
financing and other payables.
Countries located in the same region are considered as having similar
Segment capital expenditure corresponds to the acquisitions of
characteristics and have been combined to create four geographical
property and equipment and intangible assets (other than goodwill)
segments, as allowed by IFRS 8. These segments are:
reported in the statement of cash flows.
France;
●
The disclosures in the tables below have been prepared using the same
accounting policies as those applied to prepare the Consolidated
Rest of Europe: Spain, Italy, Belgium, Poland and Romania;
●
Financial Statements.
Latin America: Brazil and Argentina;
●
Asia: China and Taiwan.
●
Segment results
4.1
Global
2015
(in millions of euros)
Total
France
Europe Latin America
Asia Functions
Net sales
76,945 36,272 19,724
14,290 6,659
-
Other revenue
2,464
801
600
684
312
66
Recurring operating income
2,445 1,191
567
705
13
(31)
Operating income
2,232
Finance costs and other financial income and
expenses, net
(515)
Income before taxes
1,717
NET INCOME FOR THE YEAR
1,123
Capital expenditure
2,378
957
579
517
204
122
Depreciation and amortization expense
(1,470)
(602)
(389)
(180)
(213)
(87)
Global
2014
(in millions of euros)
Total
France
Europe Latin America
Asia Functions
Net sales
74,706 35,336 19,191
13,891 6,288
-
Other revenue
2,221
738
549
621
270
43
Recurring operating income
2,387 1,271
425
660
97
(67)
Operating income
2,572
Finance costs and other financial income and
expenses, net
(563)
Income before taxes
2,010
NET INCOME FOR THE YEAR
1,367
Capital expenditure
2,411
988
536
622
214
51
Depreciation and amortization expense
(1,381)
(610)
(380)
(174)
(189)
(28)
For the purposes of comparison with 2015 segment information, 2014 recurring operating income by segment has been restated to reflect an
adjustment linked to the allocation of head office costs.
2015 REGISTRATION DOCUMENT
167