2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

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3CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statementsMaturity 2009€ millionsDue withinone yearDue in oneto two yearsDue in twoto threeyearsDue in threeto five yearsDue beyondfive yearsTotalCarryingamountNON-DERIVATIVE FINANCIAL INSTRUMENTS RECOGNISED IN LIABILITIES:Bonds and other borrowingsexcluding derivative instrumentsand finance leases 1,430 1,199 1,596 2,726 845 7,796 6,618Put options granted to ownersof non-controlling interests 77 3 - - - 80 80Finance lease liabilities 52 45 21 17 19 155 131Trade payablesand other financial liabilities 5,637 24 148 2 11 5,821 5,821DERIVATIVE FINANCIAL INSTRUMENTS ASSETS/(LIABILITIES):Interest rate derivatives7,196 1,270 1,765 2,745 876 13,852Derivative contracts - received 184 347 142 144 21 839Derivative contracts - paid (142) (375) (62) (52) - (632)Derivative contracts - settled net (49) (20) (17) - - (86)Currency derivativesDerivative contracts - received - - - - - -Derivative contracts - paid (46) (12) (3) - - (60)Derivative contracts - settled net - - - - - -Other derivative instrumentsDerivative contracts - received - - - - - -Derivative contracts - paid - - - - - -Derivative contracts - settled net - - - - - -(52) (60) 60 92 21 60 32Note 31.5. Equity riskThe Group had no material exposure to equity risk at 31 December 2010. It does not hold significant interests in other listed companiesor treasury shares. It has limited exposure in respect of its call options over ordinary shares (see note 24.2.4). Its policy as regards cashmanagement is to invest only in money market instruments that are not exposed to equity risk.116 Casino Group | Registration Document 2010
CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statements3NOTE 32. OFF-BALANCE SHEET COMMITMENTSManagement believes that, to the best of its knowledge, there wereno off-balance sheet commitments at 31 December 2010, other thanthose described below, likely to have a material impact on the Group’scurrent or future financial position.The completeness of this information is checked by the Finance, Legaland Tax departments, which also participate in drawing up contractsthat are binding on the Group.Commitments entered into in the ordinary course of business mainlyconcern the Group’s operating activities except for undrawn confirmedlines of credit, which represent a financing commitment.Other commitments are relative to the Group’s consolidated scope.Note 32.1. Commitments entered into in the ordinary course of businessCommitments givenThe amounts disclosed in the above table represent the maximum potential amounts (not discounted) that the Group might have to pay inrespect of commitments given. They are not netted against sums which the Group might recover through legal actions or counter-indemnitiesreceived.€ millions 2010 2009Assets pledged as collateral (1) 119 89Bank bonds and guarantees given 426 246Firm purchase commitments ( * ) , (2) 26 40Customer credit facilities (3) 1,235 1,274Other commitments 17 16TOTAL COMMITMENTS GIVEN 1,822 1,665(*) Reciprocal commitments.(1) Assets pledged, mortgaged or otherwise given as collateral.(2) Commitments to purchase goods and services, less any advance payments made.(3) Confi rmed credit facilities granted to customers of Banque du Groupe Casino, in the amount of €1,235 million in 2010, can be drawn down at any time. The total corresponds to facilitiesrecognised by the French Banking Commission for inclusion in the calculation of capital adequacy ratios, i.e. excluding accounts that have been dormant for two years.French subsidiaries’ commitments in respect of the mandatory personal training entitlement (“DIF”) amounted to 6,004,422 hours at 31 December2010, versus 5,432,740 hours at 31 December 2009. The amount of entitlement used during the year totalled 60,974 hours.Commitments receivedThe amounts disclosed in the above table represent the maximum potential amounts (not discounted) that the Group might receive in respectof commitments received.€ millions 2010 2009Bonds and guarantees received from banks 81 62Security for receivables 43 42Undrawn confirmed lines of credit (see Notes 28.3 and 29) 2,146 2,113Other commitments received 7 22TOTAL COMMITMENTS RECEIVED 2,277 2,238Registration Document 2010 | Casino Group117
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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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CONSOLIDATED FINANCIAL STATEMENTSCo
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CONSOLIDATED FINANCIAL STATEMENTSNo
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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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