2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statements3NOTE 6. OTHER OPERATING INCOME AND EXPENSE€ millions 2010 2009Total other operating income 420 260Total other operating expense (405) (296)BREAKDOWN BY TYPE15 (37)Gains and losses on disposal of non-current assets 323 146Gain on disposal of Venezuelan operations (1) 186 -Gain on property development operations (2) 104 14Gain on disposals in the Franprix-Leader Price sub-group (3) 24 -Gain on disposal of Mercialys shares (4) - 139Gain on disposal of Vindémia assets - 22Loss on disposal of Easy Colombia (Easy Holland BV) - (28)Other operating income and expense (308) (182)Restructuring provisions and expense (5) (134) (68)Impairment losses (8) (97) (15)Provisions for litigation and risks (6) (112) (97)Negative goodwill (7) 67 -Other (33) (2)TOTAL OTHER OPERATING INCOME AND EXPENSE, NET 15 (37)(1) See note 2.2.(2) Arising from the Mercialys group’s disposal of 45 assets considered to be suffi ciently mature, representing 5% of its portfolio, and the disposal of other non-operating assets held by otherof the Group's real estate companies.(3) Arising mainly from the transaction presented in note 2.1, which generated a €14 million gain.(4) The gain recognised in the fi rst half of 2009 was due to the payment of a dividend in Mercialys stock to Casino, Guichard-Perrachon shareholders.(5) The restructuring charge in 2010 mainly concerns Casino France (€84 million), Franprix-Leader Price (€14 million) and Latin America (€18 million). In 2009, it mainly concerned theconvenience stores and Franprix-Leader Price.(6) Corresponds to notably fi scal risks and disputes in the Group’s various entities.(7) See note 3.1.(8) Breakdown of impairment losses:€ millions Notes 2010 2009Impairment of intangible assets net of reversals 13.2 (4) (2)Impairment of property, plant and equipment net of reversals 14.2 (7) (4)Impairment of financial assets net of reversals (1) (85) (9)TOTAL IMPAIRMENT LOSSES, NET (97) (15)(1) Impairment of fi nancial assets net of reversals mainly includes €69 million in impairment of receivables and accrued income arising from accounting errors made by a subsidiary in prior yearsand detected upon closing the accounts.NOTE 7. FINANCIAL INCOME AND EXPENSENote 7.1. Finance costs, net€ millions 2010 2009Gains and losses on sales of cash equivalents 1 4Revenue from cash and cash equivalents 38 22Total income from cash and cash equivalents 39 27Interest expense on borrowings after hedging (379) (362)Interest expense on finance lease liabilities (6) (8)Finance costs (384) (370)TOTAL FINANCE COSTS, NET (345) (343)Registration Document 2010 | Casino Group79