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Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
Banking activities
5.5
Accounting policies
To support its core retailing business, the Group offers banking and
financing for these loans is presented under "Consumer credit
●
insurance services to customers, mainly in France, Spain and Brazil.
financing – long-term" and "Consumer credit financing –
short-term", as appropriate;
The financial services companies offer their customers "Carrefour"
the other assets and liabilities of the banking activities (property and
●
bank cards that can be used in the Group’s stores and elsewhere,
equipment, intangible assets, cash and cash equivalents, accrued
consumer loans and savings products such as life insurance and
taxes and payroll costs, etc.) are presented on the corresponding
passbook savings accounts.
lines of the statement of financial position;
Due to its contribution to the Group's total assets and liabilities and its
net revenues from banking activities are reported in the income
●
specific financial structure, this secondary business is presented
statement under "Other revenue";
separately in the Consolidated Financial Statements:
cash flows generated by banking activities are reported in the
●
consumer credit granted by the financial services companies
●
statement of cash flows under "Change in consumer credit granted
(payment card receivables, personal loans, etc.) is presented in the
by the financial services companies".
statement of financial position under "Consumer credit granted by
the financial services companies – long-term" and "Consumer credit
granted by the financial services companies – short-term", as
appropriate;
Consumer credit granted by the financial services companies
5.5.1
At December 31, 2015, consumer credit totaled 6,010 million euros (December 31, 2014: 5,980 million euros), as follows:
December 31, 2015
December 31, 2014
(in millions of euros)
Payment card receivables
4,080
4,149
Loans
2,358
2,145
Consumer credit (on purchases made in Carrefour stores)
68
90
Other financing
349
395
Impairment
(846)
(801)
Other
2
3
TOTAL CONSUMER CREDIT GRANTED BY THE FINANCIAL SERVICES COMPANIES
6,010
5,980
Short-term financing
3,658
3,420
Long-term financing
2,351
2,560
174
2015 REGISTRATION DOCUMENT