Carrefour - 2017 Registration Document

6 COMPANY FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017 Notes to the Company Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 309 The number of shares that vest will depend on the achievement of three performance conditions: two conditions linked to financial performance (EBITDA growth for 35% and organic sales growth for 35%); and ● a CSR-related condition (for 30%). ● The main characteristics of free share plans outstanding at December 31, 2017 are presented below: 2016 Performance plan Date of the Annual Shareholders’ Meeting May 17, 2016 Grant date (1) September 15, 2016 Vesting date (2) July 28, 2019 Number of shares awarded at grant date 1,944,850 Number of grantees at grant date 950 Fair value of each share (in €) (3) 20.18 Notification date (i.e. date on which grantees were notified of the plans’ characteristics and terms). (1) The shares will vest only if the grantee remains with the Group until the end of the vesting period and several performance conditions are met. (2) The Carrefour share price on the grant date (reference price) adjusted for estimated dividends not received during the vesting period. (3) Movements in performance shares in 2017 were as follows: 2017 2016 Number of free shares granted at January 1 1,942,150 - of which shares outstanding - - Shares granted in 2017 - 1,944,850 Shares delivered to the grantees in 2017 (3,500) - Shares cancelled in 2017 (199,200) (2,700) Number of free shares granted at December 31 1,739,450 1,942,150 of which shares outstanding 8,000 - Borrowings Note 8 Change in financial liabilities 8.1 (in millions of euros) Dec. 31, 2016 Increases Decreases Dec. 31, 2017 o/w accrued interest Bonds 7,123 418 1,258 6,283 87 TOTAL FINANCIAL LIABILITIES 7,123 418 1,258 6,283 87 Maturities of liabilities 8.2 (in millions of euros) Dec. 31, 2017 Due within 1 year Due in 1 to 5 years Due beyond 5 years Bonds 6,283 366 4,000 1,917 Trade payables 24 24 - - Accrued taxes and payroll costs 139 139 - - Other miscellaneous liabilities (1) 3,606 3,606 - - TOTAL 10,052 4,135 4,000 1,917 Liabilities due within one year essentially correspond to borrowings from subsidiaries. (1)