Carrefour - 2017 Registration Document

4 MANAGEMENT’S DISCUSSION AND ANALYSIS AS OF DECEMBER 31, 2017 Parent company financial review CARREFOUR | 2017 REGISTRATION DOCUMENT 189 In accordance with the disclosure requirements of Article L. 441-6-1 of the French commercial code (Code de commerce), the table below shows the Company’s trade payables and trade receivables by due date. PAYMENT CYCLES OF SUPPLIERS AND CUSTOMERS Annual declaration of payment cycles of suppliers and customers (in thousands of euros) Year ended December 31, 2017 Article D. 441 I-1: Unpaid and overdue incoming invoices at the reporting date Article D. 441 I-2: Unpaid and overdue outgoing invoices at the reporting date 0 days 1-30 days 31-60 days 61-90 days 91+ days Total (1 day or more) 0 days 1-30 days 31-60 days 61-90 days 91+ days Total (1 day or more) (A) BY AGEING CATEGORY Number of invoices 6 70 4 2 42* 124 4 3* 7 Total amount (including VAT) of the invoices 124 1,110 110 8 1,100* 2,328 106 7,451* 7,557 Percentage of total amount of purchases (including VAT) over the period 0% 1% 0% 0% 1% 1% Percentage of revenue (including VAT) over the period 0% 5% 5% (B) INVOICES EXCLUDED FROM (A) RELATING TO DOUBTFUL OR UNRECOGNISED PAYABLES AND RECEIVABLES Number of invoices excluded none none Total amount of invoices excluded 0 0 (C) STANDARD PAYMENT DEADLINES USED (CONTRACTUAL OR LEGAL DEADLINES - ARTICLE L. 441-6 OR ARTICLE L. 443-1 OF THE FRENCH COMMERCIAL CODE) Payment deadlines used to calculate late payments X Contractual deadlines: (specify) X Contractual deadlines: (specify) Legal deadlines: (specify) Legal deadlines: (specify) The contractual deadlines applied fall within a 20- to 60-day period. The contractual deadlines applied fall within a 20- to 60-day period. * Mainly correspond to intragroup invoices. Subsidiaries and affiliates 4.6.2 As part of its effort to manage its equity portfolio, during the year the Company carried out the transactions described below: subscription to the capital increase of subsidiaries Carrefour ● Systèmes d’Information for 150 million euros, Carrefour Asia Limited for 101 million euros and Adialea for 9 million euros; transfer of PRM and BOEDIM’s assets and liabilities. ●