Carrefour - 2017 Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 235 Sales, general and administrative expenses, and depreciation and amortisation 5.2.2 (in millions of euros) 2017 2016 % change Sales, general and administrative expenses (14,641) (14,147) 3.5% Depreciation and amortisation of property and equipment, intangible assets, and investment property (1,567) (1,487) 5.4% TOTAL SG&A EXPENSES AND DEPRECIATION AND AMORTISATION (16,209) (15,634) 3.7% Sales, general and administrative expenses Sales, general and administrative expenses break down as follows: (in millions of euros) 2017 2016 % change Employee benefits expense (8,599) (8,240) 4.4% Property rentals (1,086) (1,022) 6.2% Advertising expense (973) (955) 1.9% Fees (888) (895) (0.7)% Maintenance and repair costs (850) (796) 6.7% Energy and electricity (628) (670) (6.3)% Taxes other than on income (595) (578) 2.9% Other SG&A expenses (1,023) (992) 3.2% TOTAL SG&A EXPENSES (14,641) (14,147) 3.5% Depreciation and amortisation Including supply chain depreciation recognised in cost of sales, total depreciation and amortisation expense recognised in the consolidated income statement amounted to 1,630 million euros in 2017 (2016: 1,535 million euros), as follows: (in millions of euros) 2017 2016 % change Property and equipment (1,359) (1,313) 3.5% Intangible assets (175) (143) 22.0% Assets under finance leases (20) (18) 11.5% Investment property (13) (12) 10.5% Depreciation and amortisation of property and equipment, intangible assets, and investment property (1,567) (1,487) 5.4% Depreciation and amortisation of logistic activity (63) (48) 30.2% TOTAL DEPRECIATION AND AMORTISATION (1,630) (1,535) 6.2%