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Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
December 31, 2015
December 31, 2014
(in millions of euros)
Land
2,373
2,473
Buildings
9,232
9,429
Equipment, fixtures and fittings
14,602
14,385
Other
407
400
Assets under construction
759
660
Finance leases – land
463
474
Finance leases – buildings
1,196
1,197
Finance leases – equipment, fixtures and fittings
83
85
Property and equipment at cost
29,116
29,104
Depreciation
(15,535)
(15,323)
Depreciation of assets under finance leases
(958)
(932)
Impairment
(552)
(578)
PROPERTY AND EQUIPMENT, NET
12,071
12,272
CHANGES IN PROPERTY AND EQUIPMENT
Depreciation and
Cost
impairment
Net
(in millions of euros)
At December 31, 2013
27,124
(16,015)
11,109
Acquisitions
(1)
2,050
2,050
Disposals
(808)
694
(114)
Depreciation
(1,253)
(1,253)
Impairment
(61)
(61)
Translation adjustment
185
(117)
69
Changes in scope of consolidation, transfers and other
movements
(2)
553
(80)
473
At December 31, 2014
29,104
(16,832)
12,272
Acquisitions
(1)
2,043
2,043
Disposals
(1,008)
894
(115)
Depreciation
(1,383)
(1,383)
Impairment
(39)
(39)
Translation adjustment
(874)
310
(565)
Changes in scope of consolidation, transfers and other
movements
(149)
5
(144)
At December 31, 2015
29,116
(17,045)
12,071
Acquisitions: in both 2015 and 2014, acquisitions of property and equipment primarily reflected the ongoing asset compliance program and capital
(1)
expenditure to modernize and expand the store base.
Changes in scope of consolidation, transfers and other movements: in 2014, the 473 million euros increase (net value) mainly reflected the acquisition of Dia
(2)
France.
2015 REGISTRATION DOCUMENT
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