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228 2014 Registration Document
Company financial statement year ended December 31, 2014
6
Notes to the Company Financial Statements
Note 11
Average number of employees
2014
Managers
8
Supervisors
0
Administrative staff
0
Total
8
11.1
REMUNERATION
Statutory and discretionary profit-sharing plans have been set up by the Company for all employees with at least three months’ service with the
Carrefour group.
The amounts payable under these plans were as follows in 2014 and 2013:
(in €)
2014
2013
Discretionary profit shares paid in respect of the prior year
and invested in the discretionary profit sharing fund
144,544
0
Statutory profit shares in respect of the prior year invested in the statutory profit-sharing fund
67,140
99,000
Details of management compensation are provided in the management report.
11.2
EMPLOYEE RETIREMENT AND PENSION BENEFITS
LENGTH-OF-SERVICE AWARDS PAYABLE
TO EMPLOYEES ON RETIREMENT
The provision recorded in the balance sheet for length-of-service
awards payable to employees on retirement amounted to €23 million
at December 31, 2014.
SUPPLEMENTARY PENSION PLAN
Unrecognized past service cost at December 31, 2014 amounted to
€41 million. Unrecognized actuarial gains and losses totaled €48 million,
after taking into account the effect of lower interest rates and higher taxes.
The total of €89 million is included in off-balance sheet commitments
given by the Company (see Note 10).
FAIR VALUE OF DERIVATIVE INSTRUMENTS AT DECEMBER 31
(in € millions)
December 31, 2014
Issuer swap (Carrefour variable rate borrower)
Euribor/fixed rate
25
Purchased interest rate options (caps)
7