Carrefour - 2017 Registration Document

5 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements CARREFOUR | 2017 REGISTRATION DOCUMENT 275 Changes in liabilities arising from financing activities 12.4 (in millions of euros) Other current financial assets Borrowings Total Liabilities arising from financing activities At December 31, 2016 (239) 8,075 7,836 Changes from financing cash flows 34 (786) (753) Change in current financial assets 34 - 34 Issuance of bonds - 981 981 Repayments of bonds - (1,250) (1,250) Net financial interest paid - (320) (320) Other changes in borrowings - (197) (197) Non-cash changes 44 208 253 Effect of changes in foreign exchange rates 17 (156) (139) Effect of changes in scope of consolidation - (213) (213) Changes in fair values 12 14 25 Finance costs, net - 317 317 Other changes 16 246 262 At December 31, 2017 (161) 7,497 7,336 Other non-current financial assets 12.5 (in millions of euros) December 31, 2017 December 31, 2016 Deposits (1) 741 771 Financial services companies’ portfolio of assets 426 427 Investments in non-consolidated companies 101 98 Long-term loans 9 9 Other 90 125 TOTAL OTHER NON-CURRENT FINANCIAL ASSETS 1,367 1,430 Deposits include judicial deposits paid in Brazil in the course of litigation described in Notes 9.2 and 9.3 (mostly tax reassessments contested by the (1) Group), pending final decisions from the relevant courts, as well as security deposits paid to lessors under property rental agreements.