Carrefour - 2017 Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 263 Management compensation (related parties) 10.3 The following table shows the compensation paid by the Carrefour group during the year to the Group’s key management personnel. The key management personnel are the members of the Board of Directors, the 6 members of the Group’s management team (up until October 2, 2017), and the 14 members of the Group’s Executive Committee (as from October 2, 2017). (in millions of euros) 2017 2016 Compensation for the year 5.3 4.2 Prior year bonus (1) 11.4 5.2 Benefits in kind (accommodation and company car) 0.1 0.0 Total compensation paid during the year 16.8 9.4 Employer payroll taxes 5.1 3.3 Termination benefits (1) 4.0 - Amounts shown for the year 2017 include compensation paid to Mr Georges Plassat, Chairman of the Board of Directors and Chief Executive (1) Officer of the Carrefour group until July 18, 2017, in respect of (i) the 2014/2015 and 2015/2016 long-term incentive plans, and (ii) the termination benefit resulting from the termination of his duties as Chairman and Chief Executive Officer, after acknowledgement by the Board of Directors that the relevant conditions had been met, in particular the performance conditions and the requirement to enter into a non-compete agreement, in accordance with Article L. 225-42-1 of the French commercial code (Code de commerce). Other management benefit plans are as follows: defined benefit pension plan described in Note 10.1. The plan ● liability and cost attributable to members of the management team cannot be disclosed separately as the total liability and cost are allocated among members of management and other plan participants using allocation keys; stock options and performance shares: the serving members of ● the management team at December 31, 2017 held 123,000 performance shares (December 31, 2016: 287,500), for which the vesting conditions are described in Note 10.2.2. The recognised cost of share-based payment plans for members of the management team was not material in either 2017 or 2016. Directors’ attendance fees paid to members of the Board of Directors amounted to 1 million euros in 2017 (2016: 1.1 million euros). Number of employees 10.4 2017 2016 Senior Directors 522 512 Directors 2,267 2,183 Managers 42,575 41,022 Employees 330,790 328,613 AVERAGE NUMBER OF GROUP EMPLOYEES 376,154 372,330 NUMBER OF GROUP EMPLOYEES AT THE YEAR-END 378,923 384,151