Carrefour - 2017 Registration Document

4 MANAGEMENT’S DISCUSSION AND ANALYSIS AS OF DECEMBER 31, 2017 Other information CARREFOUR | 2017 REGISTRATION DOCUMENT 181 Other information 4.4 Accounting principles 4.4.1 The accounting and calculation methods used to prepare the 2017 Consolidated Financial Statements are the same as those used for the 2016 Consolidated Financial Statements, except for the following amendments, which were applicable as of January 1, 2017: Amendments to IAS 7 – Disclosure Initiative: the requisite ● disclosures regarding changes in liabilities arising from financing activities are set out in Note 12; Amendments to IAS 12 – Recognition of Deferred Tax Assets for ● Unrealised Losses: these amendments did not have a material impact on the Consolidated Financial Statements. The Group decided not to early adopt the following standards, amendments and interpretations that were not applicable as of January 1, 2017: Adopted for use in the European Union: IFRS 9 – Financial Instruments (applicable in annual periods ● beginning on or after January 1, 2018); IFRS 15 – Revenue from Contracts with Customers (applicable in ● annual periods beginning on or after January 1, 2018); IFRS 16 – Leases (applicable in annual periods beginning on or ● after January 1, 2019). In addition, IFRS Annual Improvements 2014-2016 Cycle (applicable in annual periods beginning on or after January 1, 2018) will have no impact on the Consolidated Financial Statements. Not yet adopted for use in the European Union: Amendments to IFRS 10 and IAS 28 – Sales or Contribution of ● Assets between an Investor and its Associate or Joint Venture (Application deferred indefinitely by the IASB); Amendments to IFRS 2 – Classification and Measurement of ● Share-based Payment Transactions (applicable in annual periods beginning on or after January 1, 2018); Amendments to IAS 40 – Transfers of Investment Property ● (applicable in annual periods beginning on or after January 1, 2018); IFRIC 22 – Foreign Currency Transactions and Advance ● Consideration (applicable in annual periods beginning on or after January 1, 2018); IFRIC 23 – Uncertainty over Income Tax Treatments (applicable ● in annual periods beginning on or after January 1, 2019); IFRS 17 – Insurance Contracts (applicable in annual periods ● beginning on or after January 1, 2021); Amendments to IFRS 9 - Prepayment Features with Negative ● Compensation (applicable in annual periods beginning on or after January 1, 2019); Amendments to IAS 28 – Long-term Interests in Associates and ● Joint Ventures (applicable in annual periods beginning on or after January 1, 2019); IFRS Annual Improvements 2015-2017 Cycle; ● Amendments to IAS 19 – Compensation Plan Amendment, ● Curtailment or Settlement (applicable in annual periods beginning on or after January 1, 2019). The Group is currently analysing the potential impacts of IFRIC 23 and IFRS 17. It does not expect the application of the other standards, amendments or interpretations to have a material impact on its Consolidated Financial Statements. Details of the new and amended standards and interpretations, including those not yet adopted for use in the European Union, are provided in Note 1.2 to the Consolidated Financial Statements, “Changes of method”.