2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

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