Carrefour - 2017 Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements 2017 REGISTRATION DOCUMENT | CARREFOUR 5. 244 (in millions of euros) December 31, 2017 December 31, 2016 Land 2,576 2,565 Buildings 10,403 10,200 Equipment, fixtures and fittings 15,842 15,458 Other fixed assets 431 430 Assets under construction 658 789 Finance leases – land 456 460 Finance leases – buildings 1,171 1,182 Finance leases – equipment, fixtures and fittings 84 84 Property and equipment at cost 31,621 31,169 Depreciation (16,758) (16,237) Depreciation of assets under finance leases (983) (968) Impairment (783) (558) PROPERTY AND EQUIPMENT, NET 13,097 13,406 Changes in property and equipment (in millions of euros) Cost Amortisation and impairment Net carrying amount At December 31, 2015 29,116 (17,045) 12,071 Acquisitions (1) 2,368 - 2,368 Disposals (1,045) 914 (130) Depreciation - (1,371) (1,371) Impairment - (75) (75) Translation adjustment 643 (221) 422 Changes in scope of consolidation, transfers and other movements 87 35 123 At December 31, 2016 31,169 (17,763) 13,406 Acquisitions (1) 1,995 - 1,995 Disposals (796) 644 (153) Depreciation - (1,438) (1,438) Impairment - (266) (266) Translation adjustment (804) 352 (453) Changes in scope of consolidation, transfers and other movements 58 (53) 5 At December 31, 2017 31,621 (18,524) 13,097 Acquisitions: the amount shown for acquisitions essentially includes operational maintenance and refurbishment investments for the Group’s assets (1) and investments to develop the store network, along with investments made by Cargo Property, the real estate entity dedicated to logistics that was created in 2016. The decrease in acquisitions reflects the evolution in the Group’s investment strategy and measures implemented in the second half of 2017 to control capital expenditure.