Carrefour - 2017 Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 239 Other current assets and other payables 5.4.6 Other assets (in millions of euros) December 31, 2017 December 31, 2016 Prepaid expenses 344 327 Proceeds receivable from disposals of non-current assets 44 16 Employee advances 18 20 Other operating receivables, net 445 544 TOTAL OTHER CURRENT ASSETS 851 907 Prepaid expenses – long term 73 79 Tax receivables – long term (1) 264 - TOTAL OTHER NON-CURRENT ASSETS 337 79 These correspond to tax credits expected to be collected in over 12 months which were previously included in tax receivables within current assets. (1) Other current payables (in millions of euros) December 31, 2017 December 31, 2016 Accrued employee benefits expense 1,608 1,760 Payables to suppliers of non-current assets 640 752 Deferred revenue 118 122 Other payables 447 519 TOTAL OTHER CURRENT PAYABLES 2,813 3,153 Banking and insurance activities 5.5 Accounting principles To support its core retailing business, the Group offers banking and insurance services to customers, mainly in France, Spain and Brazil. The financial services companies offer their customers “Carrefour” bank cards that can be used in the Group’s stores and elsewhere, consumer loans and savings products such as life insurance and passbook savings accounts. Due to its contribution to the Group’s total assets and liabilities and its specific financial structure, this secondary business is presented separately in the Consolidated Financial Statements: Consumer credit granted by the financial services companies ● (payment card receivables, personal loans, etc.) is presented in the statement of financial position under “Consumer credit granted by the financial services companies – long term” and “Consumer credit granted by the financial services companies – short term”, as appropriate; Financing for these loans is presented under “Consumer credit ● financing – long term” and “Consumer credit financing – short term”, as appropriate; The other assets and liabilities of the banking activities (property ● and equipment, intangible assets, cash and cash equivalents, accrued taxes and payroll costs, etc.) are presented on the corresponding lines of the statement of financial position; Net revenues from banking activities are reported in the income ● statement under “Other revenue”; The change in the banking and insurance activities’ working ● capital is reported in the statement of cash flows under “Change in consumer credit granted by the financial services companies”.