217 / 302
Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
Future minimum rentals under operating leases – determined based Rental of the retail units in these malls generated revenues of
on the Group’s maximum commitment in terms of both duration and 206 million euros in 2015. Future minimum rentals receivable from
amount for each of the property leases in progress at the period-end – these retail units – determined based on the tenants’ maximum
amounted to 3,503
million euros at December
31, 2015, or
commitment in terms of both duration and amount for each of the
2,747 million euros after discounting (Note 6.5).
leases in progress at the period-end – amounted to 636 million euros
at December 31, 2015, or 510 million euros after discounting.
The Group also owns various shopping malls, mainly built on the same
sites as its hypermarkets and supermarkets.
Subsequent events
Note 14
In December
2015, the Group exercised an option to extend a On February
29, 2016, the Group announced it had signed an
2,500
million euros credit facility. The one-year extension, until
agreement with the Eroski Group to acquire 36 compact hypermarkets
January
2021, became effective in January
2016. The Group retains an with a total sales area of 235,000
square meters, as well as 8
shopping
option to extend the facility by a further year. The operation has
malls and 22 gas stations adjacent to the stores. The acquisition is
contributed to the ongoing strategy to secure the Group's long-term subject to conditions, including approval by the relevant antitrust
financing sources by extending the average maturity of its facilities
authorities.
(from 3.7 to 4.4 years as of December 31, 2015).
No other events have occurred since the year-end that would have a
material impact on the Consolidated Financial Statements.
Fees paid to the auditors
Note 15
2015
2014
(in millions of euros)
Deloitte
Deloitte
& Associés
KPMG Mazars
Total
& Associés
KPMG Mazars
Total
Audit services
3.0
8.3
2.2
13.6
2.3
10.2
2.5
15.1
Other services
0.8
0.2
0.1
1.1
0.8
0.3
0.1
1.2
TOTAL
3.8
8.5
2.3
14.7
3.1
10.5
2.6
16.3
2015 REGISTRATION DOCUMENT
217