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207

2014 Registration Document

Consolidated Financial Statements Year ended December 31, 2014

5

Notes to the Consolidated statements

CHINA

Percent

interest used in

consolidation

Beijing Carrefour Commercial Co., LTD.

55.0

Beijing Champion Shoulian Community Chain

Stores Co., LTD.

100.0

Beijing Chuangyijia Carrefour Commercial

100.0

Beijing Representative Office of Carrefour SA

100.0

Carrefour (China) Management & Consulting

Services Co.

100.0

Carrefour(SH) Supply Chain Co.

100.0

Changchun Carrefour Commercial Co., LTD.

75.0

Changsha Carrefour Hypermarket

100.0

Changzhou Yueda Carrefour Commercial Co., LTD.

60.0

Chengdu Carrefour Hypermarket Co., LTD.

80.0

Chongqing Carrefour Commercial Co., LTD.

65.0

Dalian Carrefour Commercial Co., LTD.

65.0

Dongguan Carrefour Commercial Co., LTD.

100.0

Foshan Carrefour Commercial Co., LTD.

100.0

Fuzhou Carrefour Commercial Co., LTD.

100.0

Guangzhou Jiaguang Supermarket CO

100.0

Guizhou Carrefour Commercial Co., LTD.

100.0

Haikou Carrefour Commercial

100.0

Hangzhou Carrefour Hypermarket Co., LTD.

80.0

Harbin Carrefour Hypermarket Co., LTD.

83.0

Hebei BaolongcangCarrefour Commercial Co., LTD.

51.0

Hefei Yuejia Commercial Co., LTD.

60.0

Huhhot Carrefour Commercial Company Co., LTD.

100.0

Jinan Carrefour Commercial Co., LTD.

100.0

Kunming Carrefour Hypermarket Co., LTD.

100.0

Nanchang Yuejia Commercial Co., LTD.

60.0

Nanjing Yuejia Supermarket Co., LTD.

65.0

Ningbo Carrefour Commercial

80.0

Qingdao Carrefour Commercial

95.0

Qujing Carrefour Hypermarket Co., LTD.

100.0

Shandong Carrefour Commercial Co., LTD.

100.0

Shangai Carhua Supermarket LTD.

55.0

Shanghai Proximity Supermarket

100.0

Shanghai Global Sourcing Consulting Co., LTD.

100.0

Shanxi Yuejia Commercial Co., LTD.

55.0

Shenyang Carrefour Commercial Co., LTD.

65.0

Shenzhen Carrefour Commercial

100.0

Shenzhen Lerong Supermarket Co., LTD.

100.0

Shijiazhuang Carrefour Commercial Co., LTD.

51.0

Sichuan Carrefour Commercial Co., LTD.

100.0

Suzhou Yuejia Supermarket Co., LTD.

55.0

The Carrefour(China) Foundation for Food

Safety LTD.

100.0

Tianjin Jiafu Commercial Co., LTD.

100.0

Tianjin Quanye Carrefour Hypermarket Co., LTD.

65.0

Wuhan Hanfu Supermarket Co., LTD.

100.0

CHINA

Percent

interest used in

consolidation

Wuxi Yuejia Commercial Co., LTD.

55.0

Xiamen Carrefour Commercial Co., LTD.

100.0

Xian Carrefour Hypermarket Co., LTD.

100.0

Xinjiang Carrefour Hypermarket

100.0

Xuzhou Yuejia Commercial Co., LTD.

60.0

Zhengzhou Yuejia Commercial Co., LTD.

60.0

Zhuhai Carrefour Commercial Co., LTD.

100.0

Zhuhai Letin Supermarket Co., LTD.

100.0

Zhuzhou Carrefour Commercial Co., LTD.

100.0

HONG KONG

Percent

interest used in

consolidation

Carrefour Asia LTD.

100.0

Carrefour Global Sourcing Asia

100.0

Carrefour Trading Asia LTD. (CTA)

100.0

GERMANY

Percent

interest used in

consolidation

Carrefour Procurement International AG & Co. KG

100.0

INDIA

Percent

interest used in

consolidation

Carrefour India Master Franchise LTD.

100.0

Carrefour WC & C India Private LTD.

100.0

IRELAND

Percent

interest used in

consolidation

Carrefour Insurance Limited

100.0

ITALIA

Percent

interest used in

consolidation

Carrefour Banca

60.8

Carrefour Italia Finance SRL

100.0

Carrefour Italia SPA

100.0

Carrefour Property Italia SRL

99.8

Consorzio Proprietari Centro Commerciale

Brianza

52.8

Consorzio Proprietari Centro Commerciale

Burolo

89.0