2010 REGISTRATION DOCUMENT (3.4 Mo) - Groupe Casino

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3CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statementsNOTE 11. EARNINGS PER SHARENote 11.1. Number of sharesCalculation of the weighted average number of shares and potential sharesused to determine diluted earnings per share 2010 2009WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING DURING THE PERIODTotal ordinary shares 110,478,074 110,329,142Ordinary shares held in treasury (189,136) (169,598)Weighted average number of ordinary shares before dilution (1) 110,288,938 110,159,544POTENTIAL SHARES REPRESENTED BY:Stock options 1,246,255 1,424,673Non-dilutive instruments (out of the money or covered by calls) (671,860) (1,424,673)Weighted average number of dilutive instruments 574,395 -Theoretical number of shares purchased at market price (1) (503,389) -Dilutive effect of stock options 71,006 -Share grants 581,407 323,089Total potential dilutive shares 652,413 323,089TOTAL DILUTED NUMBER OF SHARES (2) 110,941,351 110,482,633(1) In accordance with the treasury stock method, the proceeds from the exercise of warrants and options are assumed to be used in the fi rst instance to buy back shares at market price. Thetheoretical number of shares that would be purchased is deducted from the total shares that would be issued on exercise of the rights attached to the warrants and options. Any theoreticalshares in excess of the number of shares resulting from the exercise of rights are not taken into account.Note 11.2. Profit attributable to ordinary shares€ millions 2010 2009Profit attributable to owners of the parent 550 591Dividends payable on deeply subordinated perpetual bonds (15) (18)PROFIT ATTRIBUTABLE TO HOLDERS OF ORDINARY SHARES (3) 534 573of which:• profit from continuing operations, attributable to owners of the parent(4) 543 524• profit from discontinued operations, attributable to owners of the parent(9) 48Note 11.3. Earnings per shareIn € 2010 2009Basic earnings per share attributable to owners of the parent:• on continuing and discontinued operations(3)/(1) 4.85 5.20• on continuing operations(4)/(1) 4.93 4.76Diluted earnings per share attributable to owners of the parent:• on continuing and discontinued operations(3)/(2) 4.82 5.18• on continuing operations(4)/(2) 4.90 4.7584 Casino Group | Registration Document 2010
CONSOLIDATED FINANCIAL STATEMENTSNotes to the consolidated fi nancial statements3NOTE 12. GOODWILLNote 12.1. Breakdown€ millions2010 2009 adjustedGross Impairment Net NetHistorical companies (1) 1,311 - 1,311 1,297• Hypermarkets614 - 614 614• Supermarkets504 - 504 492• Convenience stores192 - 192 190Franprix-Leader Price 1,819 - 1,819 1,857Monoprix 907 - 907 906Other 335 - 335 334France 4,372 - 4,372 4,394Latin America 2,010 - 2,010 1,791Argentina 35 - 35 34Brazil 1,388 - 1,388 1,222Colombia 478 - 478 403Uruguay 109 - 109 103Venezuela - - - 29Asia 93 - 93 72Thailand 89 - 89 68Vietnam 3 - 3 3Other 179 - 179 178Indian Ocean 176 - 176 176Poland 2 - 2 1Other 1 - 1 1International 2,282 - 2,282 2,041GOODWILL 6,654 - 6,654 6,435(1) Goodwill related to the historical companies corresponds mainly to the Distribution Casino France business and the goodwill recognised in 1990 and 1992 on the acquisition of La RucheMéridionale and the businesses contributed by Rallye.Note 12.2. Movements for the period€ millions 2010 2009 AdjustedCarrying amount at 1 January 6,435 6,190Goodwill recognised during the period (1) 22 178Impairment losses recognised during the period - (10)Derecognised companies (2) (39) (251)Translation adjustment (3) 250 320Adjustments arising from recognition of put options granted to owners of non-controlling interests 1 7Reclassifications and other movements (4) (16) -CARRYING AMOUNT AT 31 DECEMBER 6,654 6,435(1) The change in 2009 was mainly due to GPA’s acquisition of Globex (€29 million), the acquisition of Dilux and Chalin supermarket business owners (€28 million), acquisitions made by theFranprix-Leader Price sub-group (€45 million), the consolidation of Viver, Alco and Casteldoc (€19 million), and the impact of transactions with Mercialys (€50 million).(2) Disposals mainly comprise Cativen for €29 million (see note 2.2). In 2009, disposals mainly comprised the assets and liabilities of Super de Boer for €169 million and dilutions of the Group’spercentage interest in Exito and GPA for, respectively, €35 million and €25 million.(3) The translation adjustment in 2010 and 2009 stems mainly from the appreciation of the Brazilian and Colombian currencies against the euro.(4) The €16 million decrease is mainly due to the arbitration board’s ruling regarding the Baud family litigation (see note 33).Registration Document 2010 | Casino Group85
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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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PARENT COMPANY FINANCIAL STATEMENTS
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5CORPORATEGOVERNANCE5.1. Board of D
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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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