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Company Financial Statements as of December 31, 2015
Notes to the Company Financial Statements
Supplementary pension plan
1.10
In 2009, the Group set up a supplementary pension plan. The main
No benefits are paid if a minimum number of years has not been
●
terms of this defined benefit plan, which was amended in 2015, are as
validated in connection with the performance conditions;
follows:
reference compensation: average of the last three years' salary and
●
bonus preceding the retirement date or 60
times the annual ceiling
eligibility: plan participants must have completed at least
●
for Social Security contributions, whichever is lower;
three
years' service at the time of retirement, their annual
compensation must be greater than 18
times the annual ceiling for
annual benefit cap: 25% of the reference compensation and the
●
Social Security contributions;
difference between 45% of the reference compensation and the
total basic and supplementary pension benefits received by the plan
years of service taken into account for the calculation of plan
●
participant;
benefits:
years of service with the Carrefour group under consecutive
or non-consecutive employment contracts. The Company does not
reversionary pension: upon the participant's death, payable to the
●
grant any length-of-service awards;
surviving spouse in an amount equal to 50% of the original benefit.
benefits: 2.75% of the reference compensation per year of service,
●
subject to the applicable performance conditions being met for each
year.
Income tax
1.11
Carrefour is the head company of a tax group.
The corporate income tax rate in France is 33.33% and companies are
also required to pay a surtax (
contribution additionnelle
)
Under the terms of the agreement between the companies in the tax
corresponding to 3.3% of their tax liability beyond the first
group, each company records in its accounts the income tax expense or
763,000
euros, plus an additional 10.7% (
taxe additionnelle
), bringing
benefit that it would have paid or received if it had been taxed on a
the total tax rate to 38.00%.
stand-alone basis, and the tax saving or additional tax charge
corresponding to the difference between the sum of the taxes payable Tax credits deductible from income tax expense are reported in the
by the companies in the tax group and the tax expense or benefit
income statement under “Income tax benefit”.
calculated on the basis of the tax group’s consolidated profit or loss is
recorded by Carrefour.
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2015 REGISTRATION DOCUMENT