Carrefour - 2017 Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 271 Analysis of assets and liabilities measured at fair value The table below shows assets and liabilities presented according to the fair value hierarchy provided for in IFRS 13 – Fair Value Measurement (Note 1.4): December 31, 2017 (in millions of euros) Level 1 Level 2 Level 3 Total Investments in non-consolidated companies - - 101 101 Other long-term investments 425 - - 425 Other current financial assets - Available-for-sale 70 - - 70 Other current financial assets - Derivative instruments recorded in current financial assets - 27 - 27 Cash and cash equivalents 3,593 - - 3,593 Consumer credit financing - Derivative instruments recorded in liabilities - (10) - (10) Borrowings - Derivative instruments recorded in liabilities - (76) (2) (78) December 31, 2016 (in millions of euros) Level 1 Level 2 Level 3 Total Investments in non-consolidated companies - - 98 98 Other long-term investments 427 - - 427 Other current financial assets - Available-for-sale 68 - - 68 Other current financial assets - Derivative instruments recorded in current financial assets - 49 - 49 Cash and cash equivalents 3,305 - - 3,305 Consumer credit financing - Derivative instruments recorded in liabilities - (17) - (17) Borrowings - Derivative instruments recorded in liabilities - (95) (6) (101) No assets or liabilities measured at fair value were reclassified between the various levels between December 31, 2016 and 2017. Net debt 12.2 Net debt calculation 12.2.1 Net debt at December 31, 2017 amounted to 3,743 million euros, a decrease of 788 million euros from December 31, 2016. This amount breaks down as follows: (in millions of euros) December 31, 2017 December 31, 2016 Bonds and notes 6,596 6,962 Other borrowings 522 690 Finance lease liabilities 301 322 Total borrowings before derivative instruments recorded in liabilities 7,419 7,974 Derivative instruments recorded in liabilities 78 101 TOTAL BORROWINGS [1] 7,497 8,075 of which, long-term borrowings 6,428 6,200 of which, short-term borrowings 1,069 1,875 Other current financial assets 161 239 Cash and cash equivalents 3,593 3,305 TOTAL CURRENT FINANCIAL ASSETS [2] 3,753 3,544 NET DEBT [1] - [2] 3,743 4,531