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UNIVERSAL REGISTRATION DOCUMENT
2020 ANNUAL FINANCIAL REPORT
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CONTENTS |
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1 |
PRESENTATION OF THE |
5 |
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CARREFOUR GROUP |
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1.1 |
Group profile - Executive summary |
6 |
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1.2 |
Context: global challenges |
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and development opportunities |
16 |
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1.3 |
Our response to the health crisis |
20 |
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1.4 |
Our raison d'être |
22 |
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1.5 |
Description of the Group's businesses |
36 |
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1.6 |
The Carrefour group in 2020 |
43 |
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2 |
CORPORATE SOCIAL |
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RESPONSIBILITY |
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AND PERFORMANCE |
51 DPEF |
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2.1 |
Implementation of CSR and the food |
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transition at Carrefour |
53 |
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2.2 |
Policies to mitigate the risks related |
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to our business |
65 |
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2.3 |
Duty of care |
111 |
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2.4 |
Carrefour's non-financial performance |
126 |
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3 |
CORPORATE GOVERNANCE |
137 |
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Governance summary |
138 |
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3.1 |
A balanced governance structure |
141 |
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3.2 |
The Board of Directors |
148 |
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3.3 |
Group Executive Committee |
175 |
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3.4 |
Compensation and benefits granted |
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to Company Officers |
180 |
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3.5 |
"Comply or Explain" rule |
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of the AFEP-MEDEF Code |
190 |
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3.6 |
Transactions in the Company's shares |
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carried out by Company Officers |
191 |
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3.7 |
Related-party agreements referred |
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to in Articles L. 225-38et seq. |
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of the French Commercial Code |
193 |
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4 |
RISK MANAGEMENT |
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AND INTERNAL CONTROL |
195 |
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4.1 |
Risk management |
196 |
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4.2 |
Internal control system |
214 |
5
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BUSINESS REVIEW |
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AS OF DECEMBER 31, 2020 |
225 |
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5.1 |
Business review and consolidated |
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income analysis |
226 |
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5.2 |
Group financial position and cash flows |
231 |
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5.3 |
Outlook |
234 |
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5.4 |
Other information |
235 |
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5.5 |
Glossary of financial indicators |
241 |
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5.6 |
Parent company financial review |
242 |
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6 |
CONSOLIDATED FINANCIAL |
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STATEMENTS AS OF |
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DECEMBER 31, 2020 |
247 |
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6.1 |
Consolidated income statement |
248 |
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6.2 |
Consolidated statement |
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of comprehensive income |
249 |
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6.3 |
Consolidated statement of financial |
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position |
250 |
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6.4 |
Consolidated statement of cash flows |
252 |
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6.5 |
Consolidated statement of changes |
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in shareholders' equity |
254 |
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6.6 |
Notes to the consolidated financial |
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statements |
255 |
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6.7 |
Statutory Auditors' report on the |
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consolidated financial statements |
341 |
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7 |
CARREFOUR SA FINANCIAL |
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STATEMENTS AS OF |
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DECEMBER 31, 2020 |
345 |
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7.1 |
Income statement |
346 |
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7.2 |
Balance sheet |
347 |
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7.3 |
Statement of cash flows |
348 |
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7.4 |
Notes to the Company financial |
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statements |
349 |
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7.5 |
Statutory Auditors' report on the financial |
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statements |
366 |
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8 |
INFORMATION ABOUT THE |
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COMPANY AND THE CAPITAL |
369 |
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8.1 |
Information about the Company |
370 |
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8.2 |
Information on the capital |
373 |
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8.3 |
Shareholders |
378 |
9
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ADDITIONAL INFORMATION |
381 |
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9.1 |
Publicly available documents |
382 |
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9.2 |
Person responsible |
382 |
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9.3 |
Person responsible for the financial |
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information |
382 |
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9.4 |
Persons responsible for auditing |
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the financial statements |
383 |
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9.5 |
Information incorporated by reference |
383 |
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9.6 |
Concordance tables |
384 |
The elements of the Annual Financial Report are identified using the pictogram
The elements of the Non-Financial Information Statement are identified using the pictogram NFPS
www.carrefour.com
Universal
Registration
Document
2020 An n u a l Fi na nc ia l Repo rt
The French language version of this Document d'Enregistrement Universel (Universal Registration Document) was filed on April 8, 2021 with the Autorité des Marchés Financiers (AMF), as competent authority under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of said regulation.
This Document d'Enregistrement Universel (Universal Registration Document) may be used for the purposes of an offer to the public of securities or admission of securities to trading on a regulated market if completed by a securities note and, if applicable, a summary and any amendments to the Document d'Enregistrement Universel (Universal Registration Document). The whole is approved by the AMF in accordance with Regulation (EU) 2017/1129.
UNIVERSAL REGISTRATION DOCUMENT 2020 / CARREFOUR
This 2020 Universal Registration Document follows an unprecedented year, marked by the Covid-19 pandemic whose health, social and economic impact reverberate to this day in all the countries in which we operate.
Above all, 2020 was a year of commitment for Carrefour. Our teams showed incredible dedication in the face of immense health, logistical and human challenges, outdoing themselves in support of our customers. Our entire Group rose to the occasion, maintaining
a high level of vigilance and rigor on the sanitary front at all times. Our social and environmental commitments never wavered. In fact, with the current economic crisis, our role as leader of the food transition, that is our mission to make good quality, sustainable food accessible to all, proves to be more important than ever.
2020 was also a decisive year for Carrefour. In a crisis which is accelerating the ongoing transformations in our industry, our Group reached a watershed. Three years ago, the
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UNIVERSAL REGISTRATION DOCUMENT 2020 / CARREFOUR |
www.carrefour.com |
"2020 was a year of commitment for Carrefour. Our teams showed incredible dedication in the face of immense health, logistical and human challenges, outdoing themselves in support of our customers. (...) 2020 was also a decisive year for Carrefour. In a crisis which is accelerating
the ongoing transformations in our industry, our Group reached a watershed. We have established an attractive growth model based on customer satisfaction and new consumer trends."
Carrefour 2022 plan marked a first turning point for our Group and set out our ambition. After three years of flawless roll-out of our transformation, we have established an attractive growth model based on customer satisfaction and new consumer trends. This model is now delivering sustainable growth in sales and profitability for our Group, allowing us to generate significant financing capacity.
With 2020 now behind us, I observe that despite the crisis, we continue to grow.
Despite the emergencies, we are achieving our financial and extra-financial objectives. Despite the uncertainty over the health and economic situation, we inspire confidence. Buoyed by this success, in 2021 we will continue to promote the values of diversity, dignity and service on which our Group is built. As always, we will be there for our customers, who expect so much from us.
Alexandre Bompard
Chairman and Chief Executive Officer
UNIVERSAL REGISTRATION DOCUMENT 2020 / CARREFOUR
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Carrefour SA published this content on 09 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2021 16:46:38 UTC.
