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Company Financial Statements as of December 31, 2015
Notes to the Company Financial Statements
Other commitments
Note 10
Amount
o/w related parties
(in millions of euros)
Commitments given
Guarantees
48
36
Forward purchases of Carrefour shares
(1)
77
Subsidiaries' tax losses utilized by Carrefour SA
1,061
1,061
Rent guarantees
(2)
214
Other guarantees given
35
TOTAL
1,435
1,097
Commitments received
Undrawn syndicated lines of credit
(3)
3,900
Rent guarantees
(2)
214
214
TOTAL
4,114
214
Forward share purchase agreement:
(1)
In 2009, 18,638,439 Carrefour shares were purchased forward at a price of 28.725
euros per share.
●
In 2010, 2,774,041
shares were purchased under the agreement. At December 31, 2010, 15,620,200
shares were available for purchase under the
●
agreement at a price of 28.725
euros per share.
In 2011, 2,196,200 shares were delivered for repurchase under the agreement and the forward price per share was reduced from 28.725
euros to
●
25.184
euros. In addition, 106,646 shares were purchased at the new price of 25.184
euros.
In 2012, 664,970
shares were purchased at the price of 25.184
euros.
●
In 2014, 3,939,973
shares were purchased at the price of 25.184
euros.
●
In 2015, 10,041,714
shares were purchased at the price of 25.184
euros.
●
At December 31, 2015, 3,063,097
shares were available for purchase under the agreement at a price of 25.184
euros per share, representing a total
●
commitment of 77 million euros.
Rent guarantees:
(2)
Rent guarantees given or received under real estate leases: the guarantee corresponds to the future minimum payments due under non-cancelable real
●
estate leases.
At December 31, 2015, the Company had two undrawn syndicated lines of credit obtained from a pool of leading banks totaling 3,900 million euros and
(3)
expiring in 2019 and 2020. During the year, two lines of credit were terminated and replaced by a new facility (see "Significant events of the year").
NOTIONAL AMOUNT OF DERIVATIVE INSTRUMENTS BY MATURITY AT DECEMBER 31
December 31,
Due within Due in 1 Due beyond December 31, Due within Due in 1 Due beyond
2015
1
year to 5
years
5
years
2014 1
year to 5
years
5
years
(in millions of euros)
Issuer swap (Carrefour variable-rate borrower)
Euribor/fixed rate
500
250
250
0
500
0
500
0
Purchased interest rate options (caps)
Notional amount
5,550
500 4,750
300
5,000
250 3,750 1,000
Purchased swaptions
Notional amount
400
0
400
0
0
0
0
0
2015 REGISTRATION DOCUMENT
245