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2014 Registration Document
Company financial statement year ended December 31, 2014
6
Notes to the Company Financial Statements
(in € millions)
Share capital
Issue and merger
premiums
Other reserves,
retained earnings
and net income
Total shareholders’
equity
Shareholders’ equity at December 31, 2013 including
income for the year
1,810
15,672
2,404
19,886
Distribution of dividends
(1)
Decided at the 2014 Annual Shareholders’ Meeting
(449)
(449)
2014 stock dividends
27
258
285
Change in premiums, reserves and retained earnings
4
4
Shareholders’ equity at December 31, 2014 before
income for the year
1,837
15,930
1,959
19,726
Net income for the year
4,440
4,440
SHAREHOLDERS’ EQUITY AT DECEMBER 31, 2014
INCLUDING INCOME FOR THE YEAR
1,837
15,930
6,399
24,166
(1) The 2014 dividend was paid in cash for €159 million and in Carrefour shares for €285 million resulting in the issuance of 10,929,717 new shares.
Dividends not paid on Carrefour shares held in treasury on the ex-dividend date, in the amount of €4 million, were credited to retained earnings.
6.3
TREASURY SHARE RESERVE
The carrying amount of Carrefour shares held in treasury at December 31, 2014 was €250 million.
Note 7
Provisions and impairment
(in € millions)
January 1, 2014
Increases
Reversals
December 31, 2014
Used
Unused
Provision for contingencies and charges
Obligations to deliver shares
11
11
Pension obligations
17
6
23
Other
(1)
453
50
(83)
(87)
333
Provisions for impairment
On intangible assets
(2)
2,280
(1,600)
680
On financial investments
1,960
36
(365)
(39)
1,592
On accounts receivable
185
185
Other (marketable securities)
8
24
32
TOTAL
4,903
127
(448)
(1,726)
2,856
Analysis
Movements recorded
in operating income and expense
36
14
(3)
47
Movement recorded
in financial income and expense
2,347
113
(373)
(39)
2,048
Movement recorded
in non-recurring income and expense
2,520
(75)
(1,684)
761
TOTAL
4,903
127
(448)
(1,726)
2,856
(1) Provisions for risks related to subsidiaries and affiliates and provisions for miscellaneous contingencies and litigations.
(2) The €1,600 million reversal corresponds to a Carrefour-Promodès merger deficit provision reversal.