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Company Financial Statements as of December 31, 2015
Notes to the Company Financial Statements
FAIR VALUE OF DERIVATIVE INSTRUMENTS AT DECEMBER 31
December 31, 2015
(in millions of euros)
Issuer swap (Carrefour variable-rate borrower)
16
Purchased interest rate options (caps)
13
Purchased interest rate options (swaptions)
4
Employees
Note 11
Average number of employees
11.1
2015
Managers
7
Supervisors
0
Administrative staff
0
TOTAL
7
Compensation
11.2
Statutory and discretionary profit-sharing plans have been set up by the Company for all employees with at least three months’ service with the
Carrefour group.
The amounts payable under these plans were as follows in 2015 and 2014:
2015
2014
(in euros)
Discretionary profit shares paid in respect of the prior year and invested in the discretionary
profit-sharing fund
147,063
144,544
Statutory profit shares in respect of the prior year invested in the statutory profit-sharing fund
0
67,140
Details of management compensation are provided in the management report.
Employee retirement and pension benefits
11.3
Benefits payable to employees on retirement
Supplementary pension plan
The provision recorded in the balance sheet for benefits payable to Following the change in accounting policy for pension benefit
employees on retirement amounted to 71
million euros at
obligations (see the section on accounting policies), unrecognized past
December 31, 2015.
service cost in 2014 for 41 million euros and unrecognized actuarial
gains and losses for 48 million euros (arising on the fall in discount
rates and the rise in tax) are now shown in provisions. These amounts
were included in off-balance sheet commitments at December
31,
2014.
At December
31, 2015, the provision for pension benefit obligations
therefore includes the full amount of the Company's pension benefit
obligations.
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2015 REGISTRATION DOCUMENT