Carrefour - 2017 Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements 2017 REGISTRATION DOCUMENT | CARREFOUR 5. 274 Analysis of borrowings (excluding derivative instruments recorded in liabilities) 12.3 Analysis by interest rate 12.3.1 (in millions of euros) December 31, 2017 December 31, 2016 Before hedging After hedging Before hedging After hedging Fixed rate borrowings 6,701 6,701 7,545 7,295 Variable rate borrowings 717 717 424 678 TOTAL BORROWINGS (BEFORE DERIVATIVE INSTRUMENTS RECORDED IN LIABILITIES) 7,419 7,419 7,969 7,974 Analysis by currency 12.3.2 (in millions of euros) December 31, 2017 December 31, 2016 Euro 6,500 7,385 Brazilian real 623 199 Argentine peso 122 178 Taiwan dollar 66 74 Polish zloty 65 64 Chinese yuan 37 67 Romanian leu 5 5 TOTAL BORROWINGS (BEFORE DERIVATIVE INSTRUMENTS RECORDED IN LIABILITIES) 7,419 7,974 The above analysis by currency concerns borrowings including the impact of currency swaps. Euro-denominated borrowings represented 88% of total borrowings (excluding derivative instruments recorded in liabilities) at December 31, 2017 (December 31, 2016: 93%). Analysis by maturity 12.3.3 (in millions of euros) December 31, 2017 December 31, 2016 Due within one year 991 1,774 Due in 1 to 2 years 1,333 333 Due in 2 to 5 years 3,056 3,221 Due beyond 5 years 2,039 2,646 TOTAL BORROWINGS (BEFORE DERIVATIVE INSTRUMENTS RECORDED IN LIABILITIES) 7,419 7,974