Carrefour - 2017 Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Consolidated income statement 2017 REGISTRATION DOCUMENT | CARREFOUR 5. 214 The Consolidated Financial Statements are presented in millions of euros, rounded to the nearest million. As a result, there may be rounding differences between the amounts reported in the various statements. Consolidated income statement 5.1 (in millions of euros) Notes 2017 2016 % change Net sales 5.1 78,897 76,645 2.9% Loyalty program costs (644) (591) 9.0% Net sales net of loyalty program costs 78,253 76,054 2.9% Other revenue 5.1 2,722 2,720 0.1% Total revenue 80,975 78,774 2.8% Cost of sales 5.2 (62,760) (60,789) 3.2% Gross margin from recurring operations 18,214 17,985 1.3% Sales, general and administrative expenses, depreciation and amortisation 5.2 (16,209) (15,634) 3.7% Recurring operating income 2,006 2,351 (14.7)% Net income/(loss) from equity-accounted companies 7 4 (36) (110.3)% Recurring operating income after net income from equity-accounted companies 2,010 2,315 (13.2)% Non-recurring income and expenses, net 5.3 (1,310) (372) n.a. Operating income 700 1,943 (64.0)% Finance costs and other financial income and expenses, net 12.6 (445) (515) (13.6)% Finance costs, net (317) (377) (15.8)% Other financial income and expenses, net (128) (138) (7.7)% Income before taxes 255 1,428 (82.1)% Income tax expense 8.1 (618) (494) 25.1% Net income/(loss) from continuing operations (363) 934 (138.8)% Net income/(loss) from discontinued operations 3.4 1 (40) NET INCOME/(LOSS) FOR THE YEAR (362) 894 (140.5)% Group share (531) 746 (171.1)% of which net income/(loss) from continuing operations (531) 786 (167.6)% of which net income/(loss) from discontinued operations 1 (40) n.a. Attributable to non-controlling interests 169 148 14.1% Basic earnings per share (in euros) 2017 2016 % change Earnings/(loss) from continuing operations per share (0.70) 1.06 (166.1)% Earnings/(loss) from discontinued operations per share 0.00 (0.05) n.a. Basic earnings/(loss) per share – Group share (0.70) 1.01 (169.6)% Diluted earnings per share (in euros) 2017 2016 % change Diluted earnings/(loss) from continuing operations per share (0.70) 1.06 (166.1)% Diluted earnings/(loss) from discontinued operations per share 0.00 (0.05) n.a. Diluted earnings/(loss) per share – Group share (0.70) 1.01 (169.6)% Details of earnings per share calculations are provided in Note 11.6.