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Company Financial Statements as of December 31, 2015
Notes to the Company Financial Statements
Marketable securities
Note 5
Marketable securities include Carrefour shares:
premiums of 4
million euros paid on call options on Carrefour
●
shares to be acquired for allocation on exercise of stock options
6,409,942 Carrefour shares available for allocation to employees of
●
outstanding at December
31, 2015. The premiums' amortized cost
Carrefour and its subsidiaries, for 161 million euros;
at December 31, 2015 was 3 million euros.
1,517,761 Carrefour shares held under a liquidity agreement for a
●
gross amount of 45 million euros;
In 2015, changes in Carrefour shares held by the Company were as follows:
Assets
(in millions of euros)
Provision
Number
(in millions of euros)
Cost
Impairment
At December 31, 2014
10,281,473
279
(31)
(11)
Acquisition of shares under equity swap
arrangements
10,041,714
253
Acquisition of shares under a liquidity agreement,
net of disposals
937,761
31
(4)
Disposal of shares on the market
(12,700,000)
(340)
Delivery of shares further to the exercise of stock
options
(633,245)
(17)
Impairment of shares not yet allocated to specific
share-based payment plans, or allocated to
out-of-the-money stock options
28
11
At December 31, 2015
7,927,703
206
(7)
-
The market value of Carrefour shares held at December
31, 2015,
This item also includes units in money market funds for 56
million
based on the final quoted price for the year of 26.65
euros per share,
euros.
was 211 million euros.
Shareholders’ equity
Note 6
Share capital
6.1
The share capital is made up of 738,470,794
shares with a par value of 2.50
euros each.
Appropriation of profit (Articles 25 and 26 of the Memorandum and Articles
6.2
of Association)
1
Income or loss for the year consists of the difference between The remaining balance plus any retained earnings brought forward
revenue and expenses for the year after deducting depreciation,
from the prior year is available for distribution.
amortization and provision expense, as shown in the income The Annual Shareholders' Meeting may decide to offer shareholders
statement.
the option of reinvesting all or part of their dividend.
2
At least 5% of income for the year, less any losses brought forward The Board of Directors may decide to pay an interim dividend, in cash
from the prior year, is allocated to the legal reserve until such time as
or in shares, during the fiscal year, in accordance with the applicable
the reserve represents one-tenth of the share capital, or to increase the laws and regulations.
statutory reserve if it falls below one-tenth of the capital.
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2015 REGISTRATION DOCUMENT