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2014 Registration Document
Consolidated Financial Statements Year ended December 31, 2014
5
Notes to the Consolidated statements
ANALYSIS OF DUE AND PAST DUE CONSUMER LOANS
(in € millions)
December 31, 2014
Amounts not
yet due at the
period-end
Amounts due and past-due at the period-end
0 to 3 months 3 to 6 months
6 months
to 1 year
More than
one year
Consumer credit granted
by the financial services companies
5,981
5,822
39
24
28
67
(in € millions)
December 31, 2013
Amounts not
yet due at the
period-end
Amounts due and past-due at the period-end
0 to 3 months 3 to 6 months
6 months to
1 year
More than
one year
Consumer credit granted
by the financial services companies
5,602
5,387
92
30
17
75
ANALYSIS OF CONSUMER LOANS BY MATURITY
December 31, 2014
(in € millions)
Total
Due within
1 year
Due in 1 to
5 years
Due beyond
5 years
France
2,834
952
1,701
181
Belgium
188
8
174
6
Spain
1,448
1,071
198
178
Italy
190
93
97
Argentina
174
170
4
Brazil
1,146
1,126
20
TOTAL
5,980
3,421
2,194
366
December 31, 2013
(in € millions)
Total
Due within
1 year
Due in 1 to
5 years
Due beyond
5 years
France
2,875
1,010
1,663
202
Belgium
196
176
20
Spain
1,313
932
174
206
Italy
180
87
61
32
Argentina
145
142
3
Brazil
892
874
18
TOTAL
5,602
3,221
1,940
441
36.5
EQUITY RISK
Equity risk corresponds to the potential impact of changes in the Carrefour
share price on its share-based payment commitments and on treasury
stock.
Group policy is to avoid taking positions on its own shares or those of
other companies, except in response to particular circumstances or needs.
From time to time, the Group buys back its shares on the market or
purchases call options on its shares, mainly in connection with its stock
option plans. The frequency and size of these purchases depend on
the share price.
At December 31, 2014, shares and options held directly or indirectly by
the Group covered its total commitments under outstanding stock option.
Marketable securities portfolios and other financial investments held by
the Group consist for the most part of money market instruments that
do not expose the Group to any material equity risk.