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Consolidated Financial Statements as of December 31, 2015
Notes to the Consolidated Financial Statements
Percent
Percent interest
interest used in
used in
FRANCE
consolidation BELGIUM
consolidation
Sodisal
100.0 Eclair
100.0
Sodiscaf
100.0 Filunic
100.0
Sodita
100.0 Fimaser
60.0
Soditrive
100.0 Fomar
100.0
Sofaline
100.0 Freshfood
100.0
Sofidim
98.9 GB Retail Associates Sa
100.0
Sofidis
100.0 Gent Dampoort Retail Associate
100.0
Sopromal
100.0 GMR
100.0
Soval
99.9 Grosfruit
100.0
Station Sud
100.0 Halle Retail Associate
100.0
Stelaur
99.9 Heppen Retail Associate
100.0
Stenn
100.0 La Louviere Retail Associate
100.0
Superadour
100.0 Mabe
100.0
Superdis
96.5 Market A1 CBRA
100.0
Tertra
51.0 Market B2 CBRA
100.0
Univu
100.0 Market C3 CBRA
100.0
Valecar
100.0 Market D4 CBRA
100.0
Varjea
100.0 Market E5 CBRA
100.0
Vezere Distribution
50.0 Market F6 CBRA
100.0
Visage
100.0 Quievrain Retail Associate
100.0
R&D Food
100.0
Vizegu
90.1
Rob
100.0
Ruluk
100.0
Percent interest
used in
GERMANY
consolidation
Schilco
100.0
South Med Investments
100.0
Stigam
100.0
Carrefour Procurement International AG & Co.
KG
100.0 Vanden Meerssche Nv
100.0
Versmarkt
100.0
Wapro
100.0
Percent interest
used in
ARGENTINA
consolidation
Percent interest
used in
BRAZIL
consolidation
Banco De Servicios Financieros SA
60.0
INC SA
100.0
Atacadão Distribuicao Comercio E Industria
LTDA
88.0
Percent interest
used in
BELGIUM
consolidation
Banco CSF SA
44.9
BSF Holding SA
44.9
Carrefour Commercio E Industria LTDA
88.0
Bigg's SA
100.0
CMBCI Investimentos E Participações LTDA
88.0
Brugge Retail Associate
100.0
Comercial De Alimentos Carrefour SA
88.0
Caparbel
100.0
Imopar Participcoes E Administracao
Imobiliaria LTDA
88.0
Carrefour Belgium
100.0
Carrefour Finance
100.0 Pandora Participacoes LTDA.
88.0
Carum
100.0 Riobonito Assessoria De Negocios LTDA.
88.0
De Netelaar
100.0 Tropicargas Transportes LTDA
88.0
Dikon
100.0 Verparinvest SA
88.0
Drive 1
100.0
Drive 2
100.0
220
2015 REGISTRATION DOCUMENT