Carrefour - 2017 Registration Document

6 COMPANY FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017 Notes to the Company Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 307 Marketable securities Note 5 Marketable securities include: 9,469,539 Carrefour shares available for allocation to employees of Carrefour and its subsidiaries, for 233 million euros; ● 2,250,000 shares acquired under a liquidity agreement. ● In 2017, changes in Carrefour shares held by the Company were as follows: (in millions of euros) Number Assets Provisions Cost Impairment As of December 31, 2016 9,473,039 233 (21) (25) Stock options purchased to cover stock option plans expired but not exercised - - 4 - Acquisition of shares under a liquidity agreement, net of disposals 2,250,000 41 (2) - Shares allocated to the 2016 free share plan (3,500) - Impairment of shares not yet allocated to specific share-based payment plans, or allocated to out-of-the-money stock options - - (39) - As of December 31, 2017 11,719,539 274 (58) (25) The market value of Carrefour shares held at December 31, 2017, based on the final quoted price for the year of 18.06 euros per share, was 212 million euros. This account also includes term deposits in an amount of 50 million euros and cash available for the acquisition of shares under the liquidity agreement in an amount of 12 million euros. Shareholders’ equity Note 6 Share capital 6.1 The share capital is made up of 774,677,811 shares with a par value of 2.50 euros each. Changes in shareholders’ equity 6.2 (in millions of euros) Share capital Issue and merger premiums Other reserves, retained earnings and net income Total shareholders’ equity Shareholders’ equity at December 31, 2016 including net income for the year 1,891 16,367 6,565 24,823 Distribution of dividends (1) Decided at the 2017 Annual Shareholders’ Meeting - - (529) (529) Issuance of new shares as part of the 2016 dividend 46 326 - 372 Change in premiums, reserves and retained earnings - - 6 6 Shareholders’ equity at December 31, 2017 before net income for the year 1,937 16,693 6,042 24,672 Net income for the 2017 (4,160) (4,160) SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2017 INCLUDING NET INCOME FOR THE YEAR 1,937 16,693 1,882 20,512 The 2016 dividend was paid in July 2017, in cash for 151 million euros and in Carrefour shares for 372 million euros, resulting in the issuance of (1) 18,442,657 new shares. Dividends not paid on Carrefour shares held in treasury on the ex-dividend date, in the amount of 6 million euros, were credited to retained earnings. Treasury share reserve 6.3 The carrying amount of Carrefour shares held in treasury at December 31, 2017 was 217 million euros.