2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

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3CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statementsNote 28.3. Other borrowings€ millions Amount Type of rate Issue date Due 2010 2009FranceCalyon structured loan 183 Variable rate June 2007 June 2013 184 179Schuldschein loan 130 Variable rate May 2008 May 2013 130 131Alaméa 300 Variable rate April 2010 April 2015 300 -Other (1) 143 196InternationalLatin America (2) 768 379Other 51 5Bank overdrafts 316 352Accrued interest (3) 198 190TOTAL OTHER BORROWINGS 2,090 1,431(1) Including Franprix-Leader Price for €86 million in 2010 and €158 million in 2009.GPA for €622 million and Exito for €144 million in 2010 (€199 million and €180 million respectively in 2009).(2) The amount for GPA includes the liability arising from the agreement with the Sendas family (see note 32.2).(3) Accrued interest relates to all fi nancial liabilities including bonds.Conf irmed bank lines of credit€ millions Interest rateLess thanone yearDueMore thanone yearAmount ofthe facilityDrawdownsCasino, Guichard-Perrachon syndicated credit line (1) Variable rate - 1,200 1,200 -Other confirmed bank lines of credit Variable rate 104 690 794 5(1) The €1,200 million syndicated line of credit was renewed in August 2010 for fi ve years.Note 28.4. Put options granted to owners of non-controlling interestsThese put options correspond to liabilities towards various counterparties arising from commitments made by the Group to purchase sharesin consolidated companies. They have therefore been recognised as financial liabilities and break down as follows at 31 December 2010:€ millions % interest Commitment PriceFranprix-Leader Price (1)26.00 to84.00%Fixed orvariableexercisepriceCurrentfinancialliabilitiesNon-currentfinancialliabilitiesGoodwill16.00 to74.00% 44 F/V 44 1 91Lanin/Devoto (Uruguay) (2) 96.55% 3.45% 13 F 13 - 13TOTAL COMMITMENTS 58 57 1 104(1) Put options granted to subsidiaries of the Franprix-Leader Price sub-group. Their value is mainly based on net profi t. A +/- 10% change in the indicator would have an impactof +/- €1 million. They expire between 2011 and 2043.(2) The option is exercisable until 21 June 2021.106 Casino Group | Registration Document 2010
CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statements3Note 28.5. Net debt€ millionsNon-currentportion2010 2009CurrentportionTotalNon-currentportionCurrentportionBonds 4,397 472 4,869 4,760 427 5,187Other financial liabilities 1,027 1,063 2,090 676 755 1,431Finance leases 63 43 106 88 43 131Put options granted to owners of non-controlling interests 1 57 58 3 77 80Fair value hedges (liabilities) 61 119 179 183 67 249Gross financial liabilities 5,549 1,754 7,303 5,710 1,369 7,079Fair value hedges (assets) (150) (112) (262) (176) (116) (292)Other financial assets (83) (299) (382) - - -Cash and cash equivalents - (2,813) (2,813) - (2,716) (2,716)Cash and cash equivalents and other financial assets (233) (3,224) (3,457) (176) (2,832) (3,008)NET DEBT 5,316 (1,470) 3,845 5,534 (1,463) 4,072TotalNote 28.6. Maturities of liabilitiesAt 31 December 2010€ millions Carrying amountDue withinone yearDue in oneto five yearsDue beyondfive yearsBond issues 4,869 472 3,020 1,376Other financial liabilities 2,090 1,063 995 30Finance leases 106 43 55 9Put options granted to owners of non-controlling interests 58 57 1 -Fair value hedges (liabilities) 179 119 50 10Trade payables 4,822 4,822 - -Other liabilities 3,510 3,273 208 29TOTAL 15,634 9,849 4,329 1,455of which non-current 5,784Maturities at 31 December 2009€ millions Carrying amountDue withinone yearDue in oneto five yearsDue beyondfive yearsBond issues 5,187 427 3,992 769Other financial liabilities 1,431 755 643 33Finance leases 131 43 76 12Put options granted to owners of non-controlling interests 80 67 3 -Fair value hedges (liabilities) 249 77 183Trade payables 4,327 4,327 - -Other liabilities 2,972 2,786 174 11TOTAL 14,379 8,482 5,072 825of which non-current 5,898Registration Document 2010 | Casino Group107
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Registration Document2010
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KEEPING AHEADIN A CHANGING WORLDCas
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1PRESENTATION OFTHE CASINO GROUP1.1
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PRESENTATION OF THE CASINO GROUPBus
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SCCR/SS/GE/13/3 Prov.page 945. The
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PRESENTATION OF THE CASINO GROUPRea
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2MANAGEMENTREPORTAT 31 DECEMBER 201
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31 DECEMBER 2010Business Review22.1
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31 DECEMBER 2010Business Review22.1
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31 DECEMBER 2010Business Review2Mai
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31 DECEMBER 2010Parent Company Busi
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31 DECEMBER 2010Subsidiaries and As
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31 DECEMBER 2010Subsidiaries and As
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31 DECEMBER 2010Subsequent Events2C
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31 DECEMBER 2010Share Capital and S
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31 DECEMBER 2010Risk Factors and In
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31 DECEMBER 2010Environmental Repor
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31 DECEMBER 2010Environmental Repor
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31 DECEMBER 2010Employment Report22
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3CONSOLIDATEDFINANCIALSTATEMENTS3.1
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CORPORATE GOVERNANCEBoard of Direct
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CORPORATE GOVERNANCEManagement5Comp
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CORPORATE GOVERNANCEManagement5Exec
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CORPORATE GOVERNANCEChairman’s Re
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CORPORATE GOVERNANCEAppendix: Board
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6GENERALMEETING6.1. Report of the B
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GENERAL MEETINGReport of the Board
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GENERAL MEETINGReport of the Board
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GENERAL MEETINGStatutory Auditors
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GENERAL MEETINGProposed resolutions
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7ADDITIONALINFORMATION7.1. General
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ADDITIONAL INFORMATIONGeneral infor
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ADDITIONAL INFORMATIONGeneral infor
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ADDITIONAL INFORMATIONHistory of th
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ADDITIONAL INFORMATIONThe market fo
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ADDITIONAL INFORMATIONStore network
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ADDITIONAL INFORMATIONPerson respon
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ADDITIONAL INFORMATIONTable of corr
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Investor RelationsNadine COULMAline
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2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

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