Carrefour - 2017 Registration Document

CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2017 Notes to the Consolidated Financial Statements 2017 REGISTRATION DOCUMENT | CARREFOUR 5. 282 Off-balance sheet commitments Note 13 Accounting principles Commitments given and received by the Group that are not of securities. The Group is also party to leases that give rise to recognised in the statement of financial position correspond to future commitments such as for the payment of rent on retail units contractual obligations whose performance depends on the leased by the Group from owners (commitments given), and the occurrence of conditions or transactions after the period-end. payment of rent on retail units in shopping malls owned by the There are three types of off-balance sheet commitments, related Group and leased to other parties (commitments received). to (i) cash transactions, (ii) retailing operations and (iii) acquisitions Commitments given (in millions of euros) December 31, 2017 By maturity December 31, 2016 Due within 1 year Due in 1 to 5 years Due beyond 5 years Related to cash management transactions 11,606 10,128 1,393 85 11,322 Financial services companies 11,403 10,052 1,350 1 10,191 Other companies 203 77 43 83 1,131 Related to operations/real estate/expansion 2,672 1,527 1,052 93 3,433 Related to sales of securities 159 51 28 80 301 Related to leases 3,712 1,115 1,744 853 3,625 TOTAL 18,149 12,820 4,218 1,110 18,680 Commitments received (in millions of euros) December 31, 2017 By maturity December 31, 2016 Due within 1 year Due in 1 to 5 years Due beyond 5 years Related to cash management transactions 6,351 978 5,357 16 6,743 Financial services companies 1,799 340 1,446 13 1,833 Other companies 4,552 638 3,911 2 4,910 Related to operations/real estate/expansion 1,321 368 669 284 1,328 Related to sales of securities 323 225 52 46 309 Related to leases 671 265 320 85 770 TOTAL 8,666 1,837 6,399 431 9,149 Off-balance sheet commitments related to cash transactions include: credit commitments given to customers by the financial services ● companies in the course of their operating activities, and credit commitments received from banks; mortgages and other guarantees given or received, mainly in ● connection with the Group’s real estate activities; committed lines of credit available to the Group but not drawn ● down at the period-end. Off-balance sheet commitments related to operations mainly include: commitments to purchase land given in connection with the ● Group’s expansion programmes; miscellaneous commitments arising from commercial contracts; ● performance bonds issued in connection with the Group’s ● expansion programmes; rent guarantees and guarantees from shopping mall operators; ● guarantees for the payment of receivables. ● Off-balance sheet commitments related to securities consist of commitments to purchase and sell securities received from or given to third parties: for the most part in France, in connection with the Group’s ● franchising activities; including immediately exercisable put and call options and ● sellers’ warranties given to third parties. No value is attributed to sellers’ warranties received by the Group.