cbditr2q15_6ka1.htm - Generated by SEC Publisher for SEC Filing

FORM 6-K/A

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of November, 2016

Brazilian Distribution Company
(Translation of Registrant’s Name Into English)

Av. Brigadeiro Luiz Antonio,
3142 São Paulo, SP 01402-901
Brazil
(Address of Principal Executive Offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F)

Form 20-F X Form 40-F

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (1)):

Yes ___ No X

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101 (b) (7)):

Yes ___ No X

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes ___ No X

(FreeTranslation into English from the Original Previously Issued in Portuguese)

Companhia Brasileira
de Distribuição

Individual and Consolidated
Interim Financial Information for the
Quarter Ended June 30, 2015 and
Report on Review of Interim
Financial Information

Deloitte Touche Tohmatsu Auditores Independentes

(Convenience Translation into English from the Original Previously Issued in Portuguese)

REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION

To the Shareholders, Directors and Officers of

Companhia Brasileira de Distribuição

São Paulo - SP

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Companhia Brasileira de Distribuição (the “Company”), included in the Interim Financial Information Form (ITR), for the quarter ended June 30, 2015, which comprises the balance sheet as of June 30, 2015 and the related statements of profit or loss and of comprehensive income for the three- and six-month periods then ended, and the statements of changes in equity and of cash flows for the six-month period then ended, including the explanatory notes.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express an opinion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the ITR referred to above is not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34 applicable to the preparation of Interim Financial Information (ITR) and presented in accordance with the standards issued by the CVM.

Emphasis of matter

On July 28, 2015, we issued an unqualified review report on the Company’s individual and consolidated interim financial information for the quarter ended June 30, 2015, which is being restated. We draw attention to note 1.1 to the interim financial information, which describes that this interim financial information was amended and is being restated to reflect the adjustments identified after the completion of the investigation on indirect subsidiary Cnova Comércio Eletrônico S.A. Our conclusion remains unqualified, since the interim financial information were adjusted retrospectively.

Other matters

Statements of value added

We have also reviewed the individual and consolidated interim statements of value added (“DVA”) for the six-month period ended June 30, 2015, prepared under Management’s responsibility, the presentation of which is required by the standards issued by the CVM applicable to the preparation of Interim Financial Information (ITR), and is considered as supplemental information under International Financial Reporting Standards - IFRSs, which do not require the presentation of a DVA. These statements, which were amended and are being restated to reflect the adjustments described in note 1.1 to the interim financial information, were subject to the same review procedures described above, and, based on our review, nothing has come to our attention that causes us to believe that they are not prepared, in all material respects, consistently with the interim financial information taken as a whole.

The accompanying interim financial information has been translated into English for the convenience of readers outside Brazil.

São Paulo, October 27, 2016

DELOITTE TOUCHE TOHMATSU	Eduardo Franco Tenório
Auditores Independentes	Engagement Partner

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Companhia Brasileira de Distribuição

Company Information
Capital Composition	2
Cash Dividends	3
Individual Interim Financial Information
Balance Sheet – Assets	4
Balance Sheet – Liabilities	5
Statement of Income	6
Statement of Comprehensive Income	7
Statement of Cash Flows	8
Statement of Changes in Shareholders’ Equity
1/1/2015 to 6/30/2015	9
1/1/2014 to 6/30/2014	10
Statement of Value Added	11
Consolidated Interim Financial Information
Balance Sheet – Assets	12
Balance Sheet – Liabilities	13
Statement of Income	14
Statement of Comprehensive Income	15
Statement of Cash Flows	16
Statement of Changes in Shareholders’ Equity
1/1/2015 to 6/30/2015	17
1/1/2014 to 6/30/2014	18
Statement of Value Added	19
Notes to the Interim Financial Information	20
Other information deemed as relevant by the Company	85

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Number of Shares (thousand)	Current Quarter 06/30/2015
Share Capital
Common	99,680
Preferred	165,982
Total	265,662
Treasury Shares
Common	-
Preferred	233
Total	233

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Company Information / Cash Dividends

Event	Approval	Type	Date of Payment	Type of Share	Class of Share	Amount per share (Reais/ share)
Annual and Special Shareholders’ Meeting	4/24/2015	Dividend	4/25/2015	Commom	-	0.68899
Annual and Special Shareholders’ Meeting	4/24/2015	Dividend	4/25/2015	Preferred	-	0.75789
Board of Directors’ Meeting	5/7/2015	Dividend	5/28/2015	Commom	-	0.13636
Board of Directors’ Meeting	5/7/2015	Dividend	5/28/2015	Preferred	-	0.15000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Balance Sheet - Assets

R$ (in millions)
Code	Description	Current Quarter 6.30.2015	Previous Year 12.31.2014
1	Total Assets	21,059,000	23,123,000
1.01	Current Assets	3,928,000	6,118,000
1.01.01	Cash and Cash Equivalents	1,022,000	2,923,000
1.01.03	Accounts Receivable	268,000	380,000
1.01.03.01	Trade Receivables	175,000	305,000
1.01.03.02	Other Receivables	93,000	75,000
1.01.04	Inventories	2,295,000	2,487,000
1.01.06	Recoverable Taxes	132,000	105,000
1.01.07	Prepaid Expenses	89,000	41,000
1.01.08	Other Current Assets	122,000	182,000
1.02	Noncurrent Assets	17,131,000	17,005,000
1.02.01	Long-term Assets	1,610,000	1,373,000
1.02.01.03	Accounts Receivable	74,000	82,000
1.02.01.03.02	Other Receivables	74,000	82,000
1.02.01.06	Deferred Taxes	28,000	56,000
1.02.01.07	Prepaid Expenses	22,000	25,000
1.02.01.08	Receivables from Related Parties	518,000	398,000
1.02.01.09	Other Noncurrent Assets	968,000	812,000
1.02.01.09.04	Recoverable Taxes	501,000	392,000
1.02.01.09.05	Restricted Deposits for Legal Proceedings	467,000	420,000
1.02.02	Investments	8,077,000	8,312,000
1.02.02.01	Investments in Associates and Subsidiaries	8,053,000	8,288,000
1.02.02.01.01	Investments in Associates	4,000	-
1.02.02.01.02	Investments in Subsidiaries	8,049,000	8,288,000
1.02.02.02	Investment properties	24,000	24,000
1.02.03	Property and Equipment, Net	6,230,000	6,125,000
1.02.04	Intangible Assets	1,214,000	1,195,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Balance Sheet - Liabilities

R$ (in millions)
Code	Description	Current Quarter 6.30.2015	Previous Year 12.31.2014
2	Total Liabilities	21,059,000	23,123,000
2.01	Current Liabilities	6,495,000	8,825,000
2.01.01	Payroll and Related Taxes	309,000	335,000
2.01.02	Trade Payables	2,314,000	3,180,000
2.01.03	Taxes and Contributions Payable	131,000	183,000
2.01.04	Borrowings and Financing	1,656,000	2,895,000
2.01.05	Other Liabilities	2,079,000	2,231,000
2.01.05.01	Payables to Related Parties	1,771,000	1,751,000
2.01.05.02	Other	308,000	480,000
2.01.05.02.01	Dividends and Interest on Capital Payable	1,000	194,000
2.01.05.02.04	Utilities	2,000	2,000
2.01.05.02.05	Rent Payable	48,000	52,000
2.01.05.02.06	Advertisement Payable	33,000	39,000
2.01.05.02.07	Pass-through to Third Parties	8,000	8,000
2.01.05.02.08	Financing Related to Acquisition of Assets	62,000	80,000
2.01.05.02.09	Deferred Revenue	34,000	4,000
2.01.05.02.12	Other Accounts Payable	84,000	66,000
2.01.05.02.13	Loyalty Program	36,000	35,000
2.01.06	Provisions	6,000	1,000
2.02	Noncurrent Liabilities	3,861,000	3,821,000
2.02.01	Borrowings and Financing	2,721,000	2,631,000
2.02.02	Other Liabilities	607,000	642,000
2.02.02.02	Other	607,000	642,000
2.02.02.02.03	Taxes Payable in Installments	587,000	617,000
2.02.02.02.05	Financing Related to Acquisition of Assets	4,000	8,000
2.02.02.02.07	Other Accounts Payable	16,000	17,000
2.02.04	Provision for risks	497,000	483,000
2.02.06	Deferred Revenue	36,000	65,000
2.03	Shareholders’ Equity	10,703,000	10,477,000
2.03.01	Share Capital	6,805,000	6,792,000
2.03.02	Capital Reserves	291,000	282,000
2.03.02.04	Options Granted	284,000	275,000
2.03.02.07	Capital Reserve	7,000	7,000
2.03.04	Earnings Reserve	3,398,000	3,402,000
2.03.04.01	Legal Reserve	413,000	413,000
2.03.04.05	Earnings Retention Reserve	258,000	1,747,000
2.03.04.10	Expansion Reserve	2,624,000	1,135,000
2.03.04.12	Transactions with non-controlling interests	103,000	107,000
2.03.05	Retained Earnings/ Accumulated Losses	220,000	-
2.03.07	Cumulative Translation Adjustment	(9,000)	-
2.03.08	Other Comprehensive Income	(2,000)	1,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Statement of Income

R$ (in millions)
Code	Description	Year To Date Current Period 01/04/2015 to 06/30/2015	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/04/2014 to 06/30/2014	Year To Date Previous Period 01/01/2014 to 06/30/2014
3.01	Net Sales of Goods and/or Services	5,471,000	10,985,000	5,453,000	10,853,000
3.02	Cost of Goods Sold and/or Services Sold	(3,955,000)	(8,027,000)	(3,982,000)	(7,955,000)
3.03	Gross Profit	1,516,000	2,958,000	1,471,000	2,898,000
3.04	Operating Income/Expenses	(1,253,000)	(2,319,000)	(1,055,000)	(2,110,000)
3.04.01	Selling Expenses	(1,000,000)	(1,943,000)	(896,000)	(1,748,000)
3.04.02	General and Administrative Expenses	(105,000)	(234,000)	(121,000)	(257,000)
3.04.05	Other Operating Expenses	(187,000)	(330,000)	(147,000)	(284,000)
3.04.05.01	Depreciation/Amortization	(119,000)	(236,000)	(106,000)	(212,000)
3.04.05.02	Gain (Loss) on Disposal of Fixed Assets	(14,000)	(14,000)	(10,000)	(10,000)
3.04.05.03	Other Operating Expenses	(54,000)	(80,000)	(31,000)	(62,000)
3.04.06	Share of Profit of Subsidiaries and Associates	39,000	188,000	109,000	179,000
3.05	Profit before Financial Income (Expenses) and Taxes	263,000	639,000	416,000	788,000
3.06	Financial Income (Expenses)	(184,000)	(352,000)	(143,000)	(278,000)
3.07	Profit Before Income Tax and Social Contribution	79,000	287,000	273,000	510,000
3.08	Income Tax and Social Contribution	(13,000)	(29,000)	(44,000)	(90,000)
3.08.01	Current	(1,000)	(1,000)	(57,000)	(101,000)
3.08.02	Deferred	(12,000)	(28,000)	13,000	11,000
3.09	Net Income from Continued Operations	66,000	258,000	229,000	420,000
3.11	Net Income for the Period	66,000	258,000	229,000	420,000
3.99	Earnings per Share (Reais/Share)
3.99.01	Basic Earnings per Share
3.99.01.01	Common	0.23283	0.91444	0.81237	1.49051
3.99.01.02	Preferred	0.25611	1.00589	0.89361	1.63956
3.99.02	Diluted Earnings per Share
3.99.02.01	Common	0.23338	0.91444	0.81135	1.48948
3.99.02.02	Preferred	0.25583	1.00379	0.89177	1.63594

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Statement of Comprehensive Income

R$ (in millions)
Code	Description	Year To Date Current Period 01/04/2015 to 06/30/2015	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/04/2014 to 06/30/2014	Year To Date Previous Period 01/01/2014 to 06/30/2014
4.01	Net income for the Period	66,000	258,000	229,000	420,000
4.02	Other Comprehensive Income	(6,000)	(12,000)	-	-
4.02.01	Accumulative Translation Adjustment for the Period	(5,000)	(11,000)	-	-
4.02.02	Defined benefit contribution plan	(1,000)	(1,000)	-	-
4.03	Total Comprehensive Income for the Period	60,000	246,000	229,000	420,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Statement of Cash Flows - Indirect Method

R$ (in millions)
Code	Description	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/01/2014 to 06/30/2014
6.01	Net Cash Provided by Operating Activities	218,000	(470,000)
6.01.01	Cash Provided by the Operations	757,000	847,000
6.01.01.01	Net Income for the Period	258,000	420,000
6.01.01.02	Deferred Income and Social Contribution Taxes	28,000	(11,000)
6.01.01.03	Gain on Disposal of Fixed Assets	14,000	10,000
6.01.01.04	Depreciation/Amortization	260,000	231,000
6.01.01.05	Interest and Inflation Adjustments	359,000	330,000
6.01.01.06	Adjustment to Present Value	2,000	-
6.01.01.07	Share of Profit (Loss) of Subsidiaries and Associates (note 13)	(188,000)	(179,000)
6.01.01.08	Provision for Risks (note 23)	(5,000)	24,000
6.01.01.10	Share-based Payment	9,000	24,000
6.01.01.11	Allowance for Doubtful Accounts (note 8)	-	(3,000)
6.01.01.13	Provision for Obsolescence/Breakage (note 10)	(2,000)	7,000
6.01.01.14	Deferred Revenue (note 25)	(20,000)	(6,000)
6.01.01.16	Other Operating Expenses	42,000	-
6.01.02	Changes in Assets and Liabilities	(539,000)	(1,317,000)
6.01.02.01	Accounts Receivable	130,000	138,000
6.01.02.02	Inventories	194,000	(61,000)
6.01.02.03	Recoverable Taxes	(122,000)	33,000
6.01.02.04	Other Assets	5,000	(62,000)
6.01.02.05	Related Parties	(159,000)	(294,000)
6.01.02.06	Restricted Deposits for Legal Proceeding	(33,000)	4,000
6.01.02.07	Trade Payables	(866,000)	(715,000)
6.01.02.08	Payroll and Related Taxes	(29,000)	(63,000)
6.01.02.09	Taxes and Social Contributions Payable	(107,000)	(208,000)
6.01.02.10	Legal claims	(12,000)	(14,000)
6.01.02.11	Other Payables	23,000	(105,000)
6.01.02.12	Deferred Revenue	21,000	30,000
6.01.02.13	Received Dividends	416,000	-
6.02	Net Cash Provided by (Used in) Investing Activities	(405,000)	(203,000)
6.02.02	Acquisition of Property and Equipment (note 15)	(344,000)	(177,000)
6.02.03	Increase in Intangible Assets (note 16)	(71,000)	(32,000)
6.02.04	Sales of Property and Equipment	10,000	6,000
6.03	Net Cash Provided by (Used in) Financing Activities	(1,714,000)	(1,310,000)
6.03.01	Capital Increase/Decrease	13,000	22,000
6.03.02	Borrowings	215,000	330,000
6.03.03	Payments of Borrowings and Financing (note 18)	(1,706,000)	(1,469,000)
6.03.05	Payment of Dividends	(232,000)	(186,000)
6.03.08	Transactions with Non-controlling Interest	(4,000)	(7,000)
6.05	Net Increase (Decrease) in Cash and Cash Equivalents	(1,901,000)	(1,983,000)
6.05.01	Cash and Cash Equivalents at the Beginning of the Period	2,923,000	2,851,000
6.05.02	Cash and Cash Equivalents at the End of the Period	1,022,000	868,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2015 to 06/30/2015

R$ (in millions)
Code	Description	Share Capital	Capital Reserves, Options Granted and Treasury Shares	Earnings Reserve	Retained Earnings /Accumulated Losses	Other compreehensive income	Shareholders' Equity
5.01	Opening Balance	6,792,000	282,000	3,402,000	-	1,000	10,477,000
5.03	Adjusted Opening Balance	6,792,000	282,000	3,402,000	-	1,000	10,477,000
5.04	Capital Transactions with Shareholders	13,000	9,000	-	(38,000)	-	(16,000)
5.04.01	Capital Increases	13,000	-	-	-	-	13,000
5.04.03	Options Granted	-	6,000	-	-	-	6,000
5.04.06	Dividends	-	-	-	(38,000)	-	(38,000)
5.04.08	Options Granted recognized in subsidiaries	-	3,000	-	-	-	3,000
5.05	Total Comprehensive Income	-	-	-	258,000	(12,000)	246,000
5.05.01	Net Income for the Period	-	-	-	258,000	-	258,000
5.05.02	Other Comprehensive Income	-	-	-	-	(12,000)	(12,000)
5.05.02.04	Cumulative Translation Adjustment	-	-	-	-	(11,000)	(11,000)
5.05.02.06	Defined benefit plan	-	-	-	-	(1,000)	(1,000)
5.06	Internal Changes of Shareholders’ Equity	-	-	(4,000)	-	-	(4,000)
5.06.04	Transactions with Non-controlling Interests	-	-	(4,000)	-	-	(4,000)
5.07	Closing Balance	6,805,000	291,000	3,398,000	220,000	(11,000)	10,703,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2014 to 06/30/2014

R$ (in millions)
Code	Description	Share Capital	Capital Reserves, Options Granted and Treasury Shares	Earnings Reserve	Retained Earnings /Accumulated Losses	Other compreehensive Income	Shareholders' Equity
5.01	Opening Balance	6,764,000	233,000	2,402,000	-	-	9,399,000
5.03	Adjusted Opening Balance	6,764,000	233,000	2,402,000	-	-	9,399,000
5.04	Capital Transactions with Shareholders	22,000	24,000	-	(36,000)	-	10,000
5.04.01	Capital Increases	22,000	-	-	-	-	22,000
5.04.03	Options Granted	-	24,000	-	-	-	24,000
5.04.06	Dividends	-	-	-	(36,000)	-	(36,000)
5.05	Total Comprehensive Income	-	-	-	420,000	-	420,000
5.05.01	Net Income for the Period	-	-	-	420,000	-	420,000
5.06	Internal Changes of Shareholders’ Equity	-	-	(3,000)	-	-	(3,000)
5.06.04	Transactions with Non-controlling Interests	-	-	(3,000)	-	-	(3,000)
5.07	Closing Balance	6,786,000	257,000	2,399,000	384,000	-	9,826,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Individual Interim Financial Information / Statement of Value Added

R$ (in millions)
Code	Description	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/01/2014 to 06/30/2014
7.01	Revenues	11,900,000	11,807,000
7.01.01	Sales of Goods, Products and Services	11,898,000	11,779,000
7.01.02	Other Revenues	2,000	25,000
7.01.04	Allowance for/Reversal of Doubtful Accounts	-	3,000
7.02	Products Acquired from Third Parties	(9,225,000)	(9,186,000)
7.02.01	Costs of Products, Goods and Services Sold	(8,155,000)	(8,209,000)
7.02.02	Materials, Energy, Outsourced Services and Other	(1,070,000)	(977,000)
7.03	Gross Value Added	2,675,000	2,621,000
7.04	Retention	(260,000)	(231,000)
7.04.01	Depreciation and Amortization	(260,000)	(231,000)
7.05	Net Value Added Produced	2,415,000	2,390,000
7.06	Value Added Received in Transfer	320,000	283,000
7.06.01	Share of Profit of Subsidiaries and Associates	188,000	179,000
7.06.02	Financial Revenue	132,000	104,000
7.07	Total Value Added to Distribute	2,735,000	2,673,000
7.08	Distribution of Value Added	2,735,000	2,673,000
7.08.01	Personnel	1,279,000	1,142,000
7.08.01.01	Direct Compensation	868,000	774,000
7.08.01.02	Benefits	279,000	241,000
7.08.01.03	Government Severance Indemnity Fund for Employees (FGTS)	73,000	72,000
7.08.01.04	Other	59,000	55,000
7.08.02	Taxes, Fees and Contributions	456,000	496,000
7.08.02.01	Federal	290,000	380,000
7.08.02.02	State	108,000	86,000
7.08.02.03	Municipal	58,000	30,000
7.08.03	Value Distributed to Providers of Capital	742,000	615,000
7.08.03.01	Interest	484,000	382,000
7.08.03.02	Rentals	258,000	233,000
7.08.04	Value Distributed to Shareholders	258,000	420,000
7.08.04.02	Dividends	38,000	36,000
7.08.04.03	Retained Earnings/ Accumulated Losses for the Period	220,000	384,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information /Balance Sheet - Assets

R$ (in millions)
Code	Description	Current Quarter 6.30.2015	Previous Year 12.31.2014
1	Total Assets	41,465,000	45,345,000
1.01	Current Assets	19,375,000	24,021,000
1.01.01	Cash and Cash Equivalents	6,811,000	11,149,000
1.01.03	Accounts Receivable	2,939,000	3,434,000
1.01.03.01	Trade Receivables	2,636,000	3,176,000
1.01.03.02	Other Receivables	303,000	258,000
1.01.04	Inventories	8,212,000	8,364,000
1.01.06	Recoverable Taxes	987,000	807,000
1.01.07	Prepaid Expenses	255,000	130,000
1.01.08	Other Current Assets	171,000	137,000
1.02	Noncurrent Assets	22,090,000	21,324,000
1.02.01	Long-term Assets	5,048,000	4,751,000
1.02.01.03	Accounts Receivable	704,000	741,000
1.02.01.03.01	Trade Receivables	78,000	105,000
1.02.01.03.02	Other Receivables	626,000	636,000
1.02.01.04	Inventories	-	172,000
1.02.01.06	Deferred Taxes	500,000	491,000
1.02.01.07	Prepaid Expenses	35,000	37,000
1.02.01.08	Receivables from Related Parties	357,000	313,000
1.02.01.09	Other Noncurrent Assets	3,452,000	2,997,000
1.02.01.09.04	Recoverable Taxes	2,507,000	2,140,000
1.02.01.09.05	Restricted Deposits for Legal Proceedings	945,000	857,000
1.02.02	Investments	482,000	426,000
1.02.02.01	Investments in Associates	457,000	401,000
1.02.02.02	Investments Property	25,000	25,000
1.02.03	Property and Equipment, Net	10,023,000	9,699,000
1.02.04	Intangible Assets	6,537,000	6,448,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Balance Sheet - Liabilities

R$ (in millions)
Code	Description	Current Quarter 6.30.2015	Previous Year 12.31.2014
2	Total Liabilities	41,465,000	45,345,000
2.01	Current Liabilities	19,312,000	23,981,000
2.01.01	Payroll and Related Taxes	805,000	864,000
2.01.02	Trade Payables	10,291,000	13,393,000
2.01.03	Taxes and Contributions Payable	684,000	867,000
2.01.04	Borrowings and Financing	4,773,000	6,594,000
2.01.05	Other Liabilities	2,751,000	2,262,000
2.01.05.01	Payables to Related Parties	1,286,000	261,000
2.01.05.02	Other	1,465,000	2,001,000
2.01.05.02.01	Dividends and Interest on Capital Payable	1,000	321,000
2.01.05.02.04	Utilities	11,000	10,000
2.01.05.02.05	Rent Payable	92,000	115,000
2.01.05.02.06	Advertisement Payable	78,000	94,000
2.01.05.02.07	Pass-through to Third Parties	283,000	429,000
2.01.05.02.08	Financing Related to Acquisition of Assets	72,000	99,000
2.01.05.02.09	Deferred revenue	309,000	212,000
2.01.05.02.11	Accounts Payable Related to Acquisition of Companies	77,000	73,000
2.01.05.02.12	Other Payables	502,000	610,000
2.01.05.02.13	Loyalty Program	40,000	38,000
2.01.06	Provisions	8,000	1,000
2.02	Noncurrent Liabilities	7,767,000	7,170,000
2.02.01	Borrowings and Financing	3,849,000	3,134,000
2.02.02	Other Liabilities	704,000	725,000
2.02.02.02	Other	704,000	725,000
2.02.02.02.03	Taxes Payable in Installments	587,000	617,000
2.02.02.02.04	Payables Related to Acquisition of Companies	62,000	57,000
2.02.02.02.05	Financing Related to Acquisition of Assets	4,000	8,000
2.02.02.02.06	Pension Plan	11,000	7,000
2.02.02.02.07	Other Payables	40,000	36,000
2.02.03	Deferred Taxes	1,214,000	1,133,000
2.02.04	Provision for risks	1,310,000	1,344,000
2.02.06	Deferred revenue	690,000	834,000
2.03	Consolidated Shareholders’ Equity	14,386,000	14,194,000
2.03.01	Share Capital	6,805,000	6,792,000
2.03.02	Capital Reserves	291,000	282,000
2.03.02.04	Options Granted	284,000	275,000
2.03.02.07	Capital Reserve	7,000	7,000
2.03.04	Earnings Reserve	3,398,000	3,402,000
2.03.04.01	Legal Reserve	413,000	413,000
2.03.04.05	Earnings Retention Reserve	258,000	1,747,000
2.03.04.10	Expansion Reserve	2,624,000	1,135,000
2.03.04.12	Transactions with Non-Controlling interests	103,000	107,000
2.03.05	Retained Earnings/ Accumulated Losses	220,000	-
2.03.07	Cumulative Translation Adjustment	(9,000)	-
2.03.08	Other Comprehensive Income	(2,000)	1,000
2.03.09	Non-controlling Interests	3,683,000	3,717,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Statement of Income

R$ (in millions)
Code	Description	Year To Date Current Period 01/04/2015 to 06/30/2015	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/04/2014 to 06/30/2014	Year To Date Previous Period 01/01/2014 to 06/30/2014
3.01	Net Sales from Goods and/or Services	16,113,000	33,327,000	15,189,000	30,142,000
3.02	Cost of Goods Sold and/or Services Sold	(12,248,000)	(25,324,000)	(11,292,000)	(22,558,000)
3.03	Gross Profit	3,865,000	8,003,000	3,897,000	7,584,000
3.04	Operating Income/Expenses	(3,458,000)	(6,909,000)	(3,071,000)	(6,000,000)
3.04.01	Selling Expenses	(2,770,000)	(5,491,000)	(2,519,000)	(4,903,000)
3.04.02	General and Administrative Expenses	(397,000)	(858,000)	(323,000)	(671,000)
3.04.05	Other Operating Expenses	(325,000)	(622,000)	(256,000)	(475,000)
3.04.05.01	Depreciation/Amortization	(240,000)	(469,000)	(192,000)	(383,000)
3.04.05.02	Income Related to Fixed Assets	(38,000)	(38,000)	(24,000)	(24,000)
3.04.05.03	Other Operating Expenses	(47,000)	(115,000)	(40,000)	(68,000)
3.04.06	Share of Profit of Subsidiaries and Associates	34,000	62,000	27,000	49,000
3.05	Profit before Financial Income (Expenses) and Taxes	407,000	1,094,000	826,000	1,584,000
3.06	Financial Income (Expenses), Net	(417,000)	(699,000)	(361,000)	(700,000)
3.07	Profit Before Income Tax and Social Contribution	(10,000)	395,000	465,000	884,000
3.08	Income tax and Social Contribution	(4,000)	(157,000)	(155,000)	(310,000)
3.08.01	Current	36,000	(60,000)	(126,000)	(247,000)
3.08.02	Deferred	(40,000)	(97,000)	(29,000)	(63,000)
3.09	Net Income from Continuing Operations	(14,000)	238,000	310,000	574,000
3.11	Consolidated Net Income for the Period	(14,000)	238,000	310,000	574,000
3.11.01	Attributable to Owners of the Company	66,000	258,000	229,000	420,000
3.11.02	Attributable to Non-controlling Interests	(80,000)	(20,000)	81,000	154,000
3.99	Earnings per Share - (Reais/Share)
3.99.01	Basic Earnings per Share
3.99.01.01	Common	0.23283	0.91444	0.81237	1.49051
3.99.01.02	Preferred	0.25611	1.00589	0.89361	1.63956
3.99.02	Diluted Earnings per Share
3.99.02.01	Common	0.23338	0.91444	0.81135	1.48948
3.99.02.02	Preferred	0.25583	1.00379	0.89177	1.63594

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Statement of Comprehensive Income

R$ (in millions)
Code	Description	Year To Date Current Period 01/04/2015 to 06/30/2015	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/04/2014 to 06/30/2014	Year To Date Previous Period 01/01/2014 to 06/30/2014
4.01	Net Income for the Period	(14,000)	238,000	310,000	574,000
4.02	Other Comprehensive Income	(10,000)	(26,000)	-	-
4.02.01	Cumulative Translation adjustment	(8,000)	(24,000)	-	-
4.02.02	Defined Benefit Plan	(2,000)	(2,000)	-	-
4.03	Total Comprehensive Income for the Period	(24,000)	212,000	310,000	574,000
4.03.01	Attributable to Owners of the Company	60,000	246,000	229,000	420,000
4.03.02	Attributable to Non-Controlling Interests	(84,000)	(34,000)	81,000	154,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Statement of Cash Flows - Indirect Method

R$ (in millions)
Code	Description	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/01/2014 to 06/30/2014
6.01	Net Cash Provided by Operating Activities	(2,457,000)	(733,000)
6.01.01	Cash from Operations	1,616,000	2,043,000
6.01.01.01	Net Income for the Period	238,000	573,000
6.01.01.02	Deferred Income Tax and Social Contribution	97,000	63,000
6.01.01.03	Gain on Disposal of Fixed Assets	38,000	24,000
6.01.01.04	Depreciation/Amortization	535,000	433,000
6.01.01.05	Interest and Inflation Adjustments	549,000	588,000
6.01.01.06	Adjustment to Present Value	8,000	-
6.01.01.07	Share of Profit (Loss) of Subsidiaries and Associates (note 13)	(62,000)	(49,000)
6.01.01.08	Provision for Risks (note 23)	26,000	183,000
6.01.01.10	Share-based Payment	11,000	24,000
6.01.01.11	Allowance for Doubtful Accounts (note 10)	251,000	217,000
6.01.01.13	Provision for Obsolescence/breakage (note 10)	(10,000)	(2,000)
6.01.01.14	Deferred revenue (note 25)	(56,000)	(11,000)
6.01.01.15	Other Operating Expenses	(9,000)	-
6.01.02	Changes in Assets and Liabilities	(4,073,000)	(2,776,000)
6.01.02.01	Accounts Receivable	344,000	(152,000)
6.01.02.02	Inventories	392,000	(78,000)
6.01.02.03	Recoverable Taxes	(432,000)	(26,000)
6.01.02.04	Other Assets	(188,000)	(187,000)
6.01.02.05	Related Parties	(177,000)	(39,000)
6.01.02.06	Restricted Deposits for Legal Proceeding	(60,000)	(55,000)
6.01.02.07	Trade Payables	(3,236,000)	(1,754,000)
6.01.02.08	Payroll and Related Taxes	(62,000)	54,000
6.01.02.09	Taxes and Social Contributions Payable	(259,000)	(307,000)
6.01.02.10	Legal Claims	(141,000)	(47,000)
6.01.02.11	Other Payables	(260,000)	(250,000)
6.01.02.12	Deferred revenue	6,000	65,000
6.02	Net Cash Provided by (Used in) Investing Activities	(945,000)	(550,000)
6.02.02	Acquisition of Property and Equipment (note 15)	(755,000)	(503,000)
6.02.03	Increase in Intangible Assets (note 16)	(231,000)	(73,000)
6.02.04	Sales of Property and Equipment	34,000	26,000
6.02.05	Net Cash From Sale of Subsidiary	7,000	-
6.03	Net Cash Provided by Financing Activities	(936,000)	(1,728,000)
6.03.01	Capital Increase/Decrease	13,000	22,000
6.03.02	Borrowings	3,134,000	2,756,000
6.03.03	Payments of borrowings and financing (note 18)	(4,835,000)	(4,313,000)
6.03.07	Transactions with non-controlling interests	(4,000)	(7,000)
6.03.08	Borrowings with Related Parties	1,114,000	-
6.03.09	Payments of Dividends	(358,000)	(186,000)
6.05	Increase (Decrease) in Cash and Cash Equivalents	(4,338,000)	(3,011,000)
6.05.01	Cash and Cash Equivalents at the Beginning of the Period	11,149,000	8,367,000
6.05.02	Cash and Cash Equivalents at the End of the Period	6,811,000	5,356,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2015 to 06/30/2015

R$ (in millions)
Code	Description	Share Capital	Capital Reserves, Options Granted and Treasury Shares	Earnings Reserves	Retained Earnings/ Accumulated Losses	Other compreehensive Income	Shareholders' Equity	Non-Controlling Interest	Consolidated Shareholders' Equity
5.01	Opening Balance	6,792,000	282,000	3,402,000	-	1,000	10,477,000	3,717,000	14,194,000
5.03	Adjusted Opening Balance	6,792,000	282,000	3,402,000	-	1,000	10,477,000	3,717,000	14,194,000
5.04	Capital Transactions with Shareholders	13,000	9,000	-	(38,000)	-	(16,000)	2,000	(14,000)
5.04.01	Capital Increases	13,000	-	-	-	-	13,000	-	13,000
5.04.03	Options Granted	-	6,000	-	-	-	6,000	-	6,000
5.04.06	Dividends	-	-	-	(38,000)	-	(38,000)	-	(38,000)
5.04.08	Capitalization of reserve	-	3,000	-	-	-	3,000	2,000	5,000
5.05	Total Comprehensive Income	-	-	-	258,000	(12,000)	246,000	(34,000)	212,000
5.05.01	Net Income for the Period	-	-	-	258,000	-	258,000	(20,000)	238,000
5.05.02	Other Comprehensive Income	-	-	-	-	(12,000)	(12,000)	(14,000)	(26,000)
5.05.02.04	Cumulative Translation Adjustment	-	-	-	-	(11,000)	(11,000)	(13,000)	(24,000)
5.05.02.06	Defined Benefit Plan	-	-	-	-	(1,000)	(1,000)	(1,000)	(2,000)
5.06	Internal Changes in Shareholders’ Equity	-	-	(4,000)	-	-	(4,000)	(2,000)	(6,000)
5.06.04	Transactions With Non-controlling interests	-	-	(4,000)	-	-	(4,000)	(2,000)	(6,000)
5.07	Closing Balance	6,805,000	291,000	3,398,000	220,000	(11,000)	10,703,000	3,683,000	14,386,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Statement of Changes in Shareholders' Equity 01/01/2014 to 06/30/2014

R$ (in millions)
Code	Description	Share Capital	Capital Reserves, Options Granted and Treasury Shares	Earnings Reserves	Retained Earnings/ Accumulated Losses	Other compreehensive Income	Shareholders' Equity	Non-Controlling Interest	Consolidated Shareholders' Equity
5.01	Opening Balance	6,764,000	233,000	2,402,000	-	-	9,399,000	3,202,000	12,601,000
5.03	Adjusted Opening Balance	6,764,000	233,000	2,402,000	-	-	9,399,000	3,202,000	12,601,000
5.04	Capital Transactions with Shareholders	22,000	24,000	-	(36,000)	-	10,000	-	10,000
5.04.01	Capital Increases	22,000	-	-	-	-	22,000	-	22,000
5.04.03	Options Granted	-	24,000	-	-	-	24,000	-	24,000
5.04.06	Dividends	-	-	-	(36,000)	-	(36,000)	-	(36,000)
5.05	Total Comprehensive Income	-	-	-	420,000	-	420,000	154,000	574,000
5.05.01	Net Income for the Period	-	-	-	420,000	-	420,000	154,000	574,000
5.06	Internal Changes in Shareholders’ Equity	-	-	(3,000)	-	-	(3,000)	(5,000)	(8,000)
5.06.04	Transactions With Non-controlling interests	-	-	(3,000)	-	-	(3,000)	(5,000)	(8,000)
5.07	Closing Balance	6,786,000	257,000	2,399,000	384,000	-	9,826,000	3,351,000	13,177,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

ITR – Interim Financial Information – June 30, 2015 – COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Consolidated Interim Financial Information / Statement of Value Added

R$ (in millions)
Code	Description	Year To Date Current Period 01/01/2015 to 06/30/2015	Year To Date Previous Period 01/01/2014 to 06/30/2014
7.01	Revenues	36,818,000	33,221,000
7.01.01	Sales of Goods, Products and Services	37,067,000	33,425,000
7.01.02	Other Revenues	2,000	13,000
7.01.04	Allowance for/Reversal of Doubtful Accounts	(251,000)	(217,000)
7.02	Products Acquired from Third Parties	(28,637,000)	(25,851,000)
7.02.01	Costs of Products, Goods and Services Sold	(25,334,000)	(23,080,000)
7.02.02	Materials, Energy, Outsourced Services and Other	(3,303,000)	(2,771,000)
7.03	Gross Value Added	8,181,000	7,370,000
7.04	Retention	(535,000)	(433,000)
7.04.01	Depreciation and Amortization	(535,000)	(433,000)
7.05	Net Value Added Produced	7,646,000	6,937,000
7.06	Value Added Received in Transfer	512,000	382,000
7.06.01	Share of Profit of Subsidiaries and Associates	62,000	49,000
7.06.02	Financial Income	450,000	333,000
7.07	Total Value Added to Distribute	8,158,000	7,319,000
7.08	Distribution of Value Added	8,158,000	7,319,000
7.08.01	Personnel	3,539,000	3,057,000
7.08.01.01	Direct Compensation	2,567,000	2,202,000
7.08.01.02	Benefits	587,000	525,000
7.08.01.03	Government Severance Indemnity Fund for Employees (FGTS)	225,000	217,000
7.08.01.04	Other	160,000	113,000
7.08.01.04.01	Interest	160,000	113,000
7.08.02	Taxes, Fees and Contributions	2,418,000	1,896,000
7.08.02.01	Federal	1,543,000	1,197,000
7.08.02.02	State	759,000	606,000
7.08.02.03	Municipal	116,000	93,000
7.08.03	Value Distributed to Providers of Capital	1,963,000	1,792,000
7.08.03.01	Interest	1,149,000	1,033,000
7.08.03.02	Rentals	814,000	759,000
7.08.04	Value Distributed to Shareholders	238,000	574,000
7.08.04.02	Dividends	38,000	36,000
7.08.04.03	Retained Earnings/ Accumulated Losses for the Period	220,000	384,000
7.08.04.04	Noncontrolling Interest in Retained Earnings	(20,000)	154,000

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information

Companhia Brasileira de Distribuição ("Company" or “CBD”), directly or through its subsidiaries (“Group” or “GPA”) engages in the retail of food, clothing, home appliances, electronics and other products through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names "Pão de Açúcar, “Minuto Pão de Açúcar”, "Extra Hiper", “Extra Super”, “Minimercado Extra”, “Assai”, “Ponto Frio” and “Casas Bahia", as well as the e-commerce platforms “CasasBahia.com,” “Extra.com”, “Pontofrio.com”, “Barateiro.com”, “Partiuviagens.com” and “Cdiscount.com” and the neighborhood shopping mall brand “Conviva”. Its headquarters are located in the city of São Paulo, State of São Paulo, Brazil.

The Company’s shares are listed on the São Paulo Stock Exchange (“BM&FBovespa”) Level 1 of Corporate Governance under the ticker symbol “PCAR4” and on the New York Stock Exchange (ADR level III), under the ticker symbol “CBD”. Subsidiaries that are public companies are Via Varejo S.A (“Via Varejo”) which has its shares listed on BM&FBovespa, under ticker symbols “VVAR11” and “VVAR3” and Cnova N.V (“Cnova Holanda”) which has its shares listed in Nasdaq Global Select Market under ticker symbol “CNV” and in Euronext Paris under ticker symbol “CNV”.

The Company is controlled by Wilkes Participações S.A. ("Wilkes"), which is controlled by Casino Guichard Perrachon (“Casino”).

1.1 Cnova’s Investigation and restatement of interim financial information previously issued.

As disclosed to the market on December 18, 2015, by the subsidiary Cnova NV (“Cnova”), an investigation was conducted by law firms has been established on the employee’s practices in inventories of Cnova Comércio Eletrônico S.A. (“Cnova Brasil”), a Cnova NV subsidiary, which is controlled by the Company.

During the investigation other issues have been added to investigation related to accounting matters in the accounts of “trade payables” and “other accounts receivable”, which were analyzed, announced to the market January 12, 2016.

Subsequently, the scope of investigation was expanded to include an evaluation over the discrepancies related to accounts payables, accounts receivables/products in transit with freight companies, freight provisions and other expenses and improper capitalization of expenses relating to software development.

As a result, Cnova identified several erros in the financial statements and, consequently, as it is controlled by the Company and consolidated for the presentation of the financial statements, such effects resulted in the same errors in the previously issued financial statements of the Company.

There is no income tax impact over the adjustments, once the Company evaluated and concluded that the deferred income tax would not be recoverable.

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued.

The adjustments identified on Cnova were substantially related to:

a) Identification of discrepancies and/or returned products sold at discount, requiring additional provision for loss in damaged goods;

b) Identification of improper transactions and accounts reconciliations mismatches related to trade accounts payable , accounts receivables, pending orders , ICMS, freight payable and others.

c) Identification of overstated amount in net sales not reversed when the merchandise originally ordered was returned by costumer;

d) Improper capitalization of expenses in the internal development of software;

e) Change of the accounting practice of allocation of warehouse and shipping costs to the inventory, which are no longer capitalized.

Below the breakdown of the investigation adjustments per period:

June 30, 2015 – amounts impacting net income (loss):

Accounts	Trade payables	Write off accounts receivable carriers	Fixed assets and intangibles adjust	Trade accounts receivables and outstanding orders adjust	ICMS, freight, provision and others adjust	Net adjust

Net sales of goods and services	-	(45)	-	29	(1)	(17)
Cost of goods sold and services sold	14	33	-	-	(3)	44
Gross profit	14	(12)	-	29	(4)	27
Operating income (expenses)
Selling expenses	-	8	(8)	(7)	1	(6)
General and administrative expenses	-	-	(3)	-	-	(3)
Depreciation and amortization	-	-	2	-	-	2
Profit before financial income (expenses)	14	(4)	(9)	22	(3)	20
Financial income (expenses)	-	-	-	-	(4)	(4)
Profit before income tax and social contribution	14	(4)	(9)	22	(7)	16
Income tax and social contribution	-	-	-	-	-	-
Net income (loss)	14	(4)	(9)	22	(7)	16

June 30, 2014 – amounts impacting net income (loss):

Accounts	Trade payables	Write off accounts receivable carriers	Fixed assets and intangibles adjust	Trade accounts receivables and outstanding orders adjust	ICMS, freight, provision and others adjust	Net adjust

Net sales of goods and services	-	(35)	-	(35)	-	(70)
Cost of goods sold and services sold	(35)	14	(2)	-	(9)	(32)
Gross profit	(35)	(21)	(2)	(35)	(9)	(102)
Operating income (expenses)
Selling expenses	-	(5)	(7)	(7)	-	(19)
General and administrative expenses	-	-	(2)	-	-	(2)
Depreciation and amortization	-	-	-	-	-	-
Profit before financial income (expenses)	(35)	(26)	(11)	(42)	(9)	(123)
Financial income (expenses)	-	-	-	-	-	-
Profit before income tax and social contribution	(35)	(26)	(11)	(42)	(9)	(123)
Income tax and social contribution	-	-	-	-	-	-
Net income (loss)	(35)	(26)	(11)	(42)	(9)	(123)

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued

Parent company:

June 30, 2015:

Assets	Presented as of 6.30.2015	Total adjust	Restated as of 6.30.2015

Investiments	8,149	(96)	8,053
Total assets	21,155	(96)	21,059

Liabilities	Presented as of 6.30.2015	Total adjust	Restated as of 6.30.2015

Shareholders´ equity	10,799	(96)	10,703
Total liabilitites and shareholders´ equity	21,155	(96)	21,059

	Presented as of 6.30.2015	Total adjust	Restated as of 6.30.2015

Share of profit of subsidiaries and associates	182	6	188
Net income (loss)	252	6	258

December 31, 2014 and June 30, 2014:

Assets	Presented as of 12.31.2014	Total adjust	Restated as of 12.31.2014

Investiments	8,391	(103)	8,288
Total assets	23,226	(103)	23,123

Liabilities	Presented as of 12.31.2014	Total adjust	Restated as of 12.31.2014

Shareholders´ equity	10,580	(103)	10,477
Total liabilitites and shareholders´ equity	23,226	(103)	23,123

	Presented as of 6.30.2014	Total adjust	Restated as of 6.30.2014

Share of profit of subsidiaries and associates	267	(88)	179
Net income (loss)	508	(88)	420

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued

Consolidated:

June 30, 2015:

Accounts	Presented as of 6.30.2015	Total Investigation adjust	Restated as of 6.30.2015
Assets
Current assets
Accounts receivables	2,662	(26)	2,636
Others accounts receivables	343	(40)	303
Inventories	8,250	(38)	8,212
Recoverable taxes	991	(4)	987
Other receivables	170	1	171
Total current assets	19,482	(107)	19,375


Recoverable taxes	2,507	-	2,507
Deferred income tax and social contribution	500	-	500
Property and equipment	10,023	-	10,023
Intangible assets	6,602	(65)	6,537
Noncurrent assets	22,155	(65)	22,090
Total assets	41,637	(172)	41,465

Liabilities
Current liabilities
Trade payables	10,231	60	10,291
Deferred revenue	311	(2)	309
Others accounts payables	501	41	542
Current liabilities	19,213	99	19,312

Profit reserve	3,500	(102)	3,398
Controlling shareholders´ equity	10,799	(96)	10,703
Noncontrolling shareholders´ equity	3,858	(175)	3,683
Total shareholders´ equity	14,657	(271)	14,386

Liabilities and shareholders´ equity	41,637	(172)	41,465

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued

Consolidated:

December 31, 2014:

Accounts	Presented as of 12.31.2014	Total Investigation adjust	IAS 2 – Changes of accounting practice	Restated as of 12.31.2014
Assets
Current assets
Accounts receivables	3,210	(34)	-	3,176
Others accounts receivables	295	(37)	-	258
Inventories	8,405	(28)	(12)	8,365
Recoverable taxes	808	(1)	-	807
Total current assets	24,133	(100)	(12)	24,021

Intangible assets	6,495	(47)	-	6,448
Noncurrent assets	21,367	(43)	-	21,324
Total assets	45,500	(143)	(12)	45,345

Liabilities
Current liabilities
Trade payables	13,322	71	-	13,393
Deferred revenue	214	(2)	-	212
Others accounts payables	652	63	-	715
Current liabilities	23,848	133	-	23,981

Profit reserve	3,505	(91)	(12)	3,402
Controlling shareholders´ equity	10,580	(91)	(12)	10,477
Noncontrolling shareholders´ equity	3,902	(185)	-	3,717
Total shareholders´ equity	14,482	(276)	(12)	14,194

Liabilities and shareholders´ equity	45,500	(143)	(12)	45,345

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued

Consolidated:

June 30, 2015:

	Presented as of 6.30.2015	Total Investigation adjust	Restated as of 6.30.2015

Net sales of goods and services	33,344	(17)	33,327
Cost of goods sold and services sold	(25,368)	44	(25,324)
Gross profit	7,976	27	8,003
Operating income (expenses)
Selling expenses	(5,485)	(6)	(5,491)
General and administrative expenses	(855)	(3)	(858)
Depreciation and amortization	(471)	2	(469)
Profit before financial income (expenses)	1,074	20	1,094
Financial income (expenses)	(695)	(4)	(699)
Profit before income tax and social contribution	379	16	395
Income tax and social contribution	(157)	-	(157)
Net income (loss)	222	16	238
Atributtable to:
Controlling shareholders	252	6	258
Noncontrolling shareholders	(30)	10	(20)

Earnings per share
Common	0.87073		0.91444
Preferred	0.95780		1.00589

Statement of Value Added:

	Total adjust 6.30.2015

Revenue	(20)
Products acquired from third parties	34
Gross value added	14
Retention	2
Financial revenue	(2)
Total value added to distribute	14

Statement of Cash Flows:

	Presented as of 6.30.2015	Total adjust	Restated as of 6.30.2015

Net cash provided by operating activities	(2,459)	2	(2,457)
Net cash provided by investing activities	(945)	-	(945)

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.1 Cnova’s Investigation and restatement of interim financial information previously issued - continued

June 30, 2014:

	Presented as of 6.30.2014	Total Investigation adjust	Restated as of 6.30.2014

Net sales of goods and services	30,212	(70)	30,142
Cost of goods sold and services sold	(22,526)	(32)	(22,558)
Gross profit	7,686	(102)	7,584
Operating income (expenses)
Selling expenses	(4,884)	(19)	(4,903)
General and administrative expenses	(669)	(2)	(671)
Depreciation and amortization	(383)	-	(383)
Profit before financial income (expenses)	1,707	(123)	1,584
Financial income (expenses)	(700)	-	(700)
Profit before income tax and social contribution	1,007	(123)	884

Net income (loss)	697	(123)	574
Atributtable to:
Controlling shareholders	508	(88)	420
Noncontrolling shareholders	189	(35)	154

Earnings per share
Common	2.78951		1.49142
Preferred	3.06846		1.64056

The announced balances column includes Malls reclassifications (see note 1.2).

Statement of Value Added:

	Total adjust 6.30.2015

Revenue	(83)
Products acquired from third parties	(51)
Gross value added	(134)

Total value added to distribute	(134)

Statement of Cash Flows

	Presented as of 6.30.2014	Total adjust	Restated as of 6.30.2014

Net cash provided by operating activities	(722)	(11)	(733)
Net cash provided by investing activities	(561)	11	(550)

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.2 Reclassification of Malls revenue

The Company has reclassified certain amounts in the statements of income and value added for the six-month period ended June 30, 2014, presented for comparison purposes, to conform them to the reporting criteria adopted in the current period. The following reclassifications were made:

	Parent Company			Consolidated
Balances at 06.30.2014	Presented balance	Malls galleries – cost	Reclassified balance	Presented balance	Malls galleries – cost	Reclassified balance
Cost of sales and/or services	(7,938)	(17)	(7,955)	(22,503)	(23)	(22,526)
Gross profit	2,915	(17)	2,898	7,709	(23)	7,686
Operating income (expenses)	(2,039)	17	(2,022)	(6,002)	23	(5,979)
Selling expenses	(1,765)	17	(1,748)	(4,907)	23	(4,884)

1.2.1 Statement of income: Costs with commercial galleries rental, which were previously recorded as recovery of selling expenses, were reclassified to "cost of goods sold and/or services sold" respectively due to an increase in the share of this activity in the Multivarejo segment and considering that the revenues of this activity ir recorded as “sales from services”, better presenting this activity in the Group’s financial statements. The Company’s management considers an appropriate procedure to adopt the current classification in order to allow comparability and a final classification of these costs.

1.2.2 Statement of value added: According to the changes mentioned above, the line items that were changed in the statement of value added refer to cost of goods sold and materials, energy, outsourced services and others in the amounts of R$17 and R$23, parent company and consolidated, respectively.

1.3 Performance Commitment Agreement

The Company, its subsidiary Via Varejo S.A (“Via Varejo”) and Casa Bahia Comercial Ltda. (“CB”), jointly “Compromisers”, and the Brazilian Antitrust Agency ("CADE") entered into a Performance Commitment Agreement ("PCA") to approve the Partnership Agreement signed between CBD and CB on December 4, 2009 and amended on July 1, 2010. As the main purpose of PCA, Via Varejo had the major obligation of selling 74 stores located in 54 municipalities distributed in six states and the Federal District.

From the 74 stores, 32 were not sold. Therefore, in accordance with the PCA, these stores had its activities ceased between May and June, 2014, with the payment of R$12 penalty. According to CADE´s authorization, after 6 months closed, 16 stores were reopened in November 2014, in accordance with the PCA.

In relation to 42 stores remaining, they were all sold between October 2013 and January 2014, through direct sales to other companies and open auctions. Such sales were duly approved by CADE. From these 42 stores, 2 were returned in first quarter of 2015, and its activities ceased in May 2015, with penalty of R$1.

The final step of the PCA is the transfer of the 40 stores sold to the acquirers, through transfer or signing of new lease agreements with the buildings´ owners. In the first quarter of 2015, it was concluded the transfer of 10 stores sold to an acquirer, generating a gain of R$8 in the income statement of 2015.

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

1. Corporate information – continued.

1.3 Performance Commitment Agreement – continued.

On June 30, 2016 the transfer of other stores was in process of negotiation. Therefore, considering the negotiation failure between some acquirers and building owners for the signing of the new leasing agreements, some stores will go through new auction, and other shall have its activities ceased, accordance to CADE´s decision. Based on this fact, the Company accrued additional penalty of R$4. This process has been monitored by CADE, which has been monitoring the fulfillment of the obligation taken in the PCA, having the Company subject to present the information required.

2. Basis of preparation

The individual and consolidated interim financial information (“Interim Financial Information”) has been prepared in accordance with IAS 34 - Interim Financial Reporting issued by the International Accounting Standard Board (“IASB”) and CPC 21(R1) - Interim Financial Reporting issued by Comitê de Pronunciamentos Contábeis (“CPC”) and presented consistently with the standards approved and issued by the Brazilian Securities and Exchange Commission (“CVM”) applicable to the preparation of interim financial information – ITR.

The individual and consolidated interim financial information is being presented in millions of Brazilian Reais (“R$”), which is the reporting currency of the Company. The funciotional currency of Company is the Real and subsidiaries located abroad is the local currency.

Significant accounting policies adopted in the preparation of the individual and consolidated interim financial information are consistent with those adopted and disclosed in note 2 to the annual financial statements for the year ended December 31, 2014 dated February 12, 2015 and, therefore, should be read in conjunction with those annual financial statements.

The original presented interim financial information for the six-month period ended June 30, 2015 was approved by the Board of Directors on July 28, 2015. This restated interim financial information for the six-month period ended June 30, 2015 was approved by the Board of Directors on October 27, 2016 and includes the effects of financial information adjustments disclosed as per note 1.1.

(FREE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)

Companhia Brasileira de Distribuição

Notes to the interim financial information

June 30, 2015

(In millions of Brazilian reais, unless otherwise stated)

3. Basis of consolidation

The information on the basis of consolidation did not have significant modification and was presented in the annual financial statements for 2014, in note 3.

3.1. Interest in subsidiaries and associates:

	Direct and indirect equity interests - %
	6.30.2015		12.31.2014
Companies	Company	Indirect interest	Company	Indirect interest
Subsidiaries
Novasoc Comercial Ltda. (“Novasoc”)	10.00	-	10.00	-
Sé Supermercado Ltda. (“Sé”)	100.00	-	100.00	-
Sendas Distribuidora S.A. (“Sendas)	100.00	-	100.00	-
Bellamar Empreend. e Participações Ltda. (“Bellamar”)	100.00	-	100.00	-
GPA Malls & Properties Gestão de Ativos e Serviços Imobiliários Ltda. (“GPA M&P”)	100.00	-	100.00	-
CBD Holland B.V. (“CBD Holland”)	100.00	-	100.00	-
CBD Panamá Trading Corp. (“CBD Panamá”)	-	100.00	-	100.00
Barcelona Comércio Varejista e Atacadista S.A. (“Barcelona”)	68.86	31.14	68.86	31.14
Xantocarpa Participações Ltda. (“Xantocarpa”)	-	100.00	-	100.00
GPA 2 Empreed. e Participações Ltda. (“GPA 2”)	99.99	0.01	99.99	0.01
GPA Logística e Transporte Ltda. (“GPA Logística”)	100.00	-	100.00	-
Posto Ciara Ltda. (“Posto Ciara”)	100.00	-	100.00	-
Auto Posto Império Ltda. (“Posto Império”)	100.00	-	100.00	-
Auto Posto Duque Salim Maluf Ltda. (“Posto Duque Salim Maluf”)	100.00	-	100.00	-
Auto Posto Duque Santo André Ltda. (“Ponto Duque Santo André”)	100.00	-	100.00	-
Auto Posto Duque Lapa Ltda. (“Posto Duque Lapa”)	100.00	-	100.00	-
Nova Pontocom Comércio Eletrônico S.A (“Nova Holding”) (*)	52.34	19.05	52.34	19.05
Luxco – Marneylectro S.A.R.L (antiga Jaipur Financial Markets S.A.R.L) (“Luxco”)	2.65	68.88	2.65	68.88
Dutchco - Marneylectro B.V (antiga Jaipur Financial Markets B.V) (“Dutchco)	-	71.53	-	71.53
Cnova N.V (“Cnova Holanda”)	-	35.73	-	35.73
CNova Comércio Eletrônico S/A (”CNova Comércio Eletrônico”)	-	35.73	-	35.73
E-Hub Consult. Particip. e Com. S.A. (“E – Hub”)	-	35.73	-	35.73
Nova Experiência PontoCom S.A (“Nova Experiência”)	-	35.73	-	35.73
Cdiscount S.A (“CDiscount”)	-	35.73	-	35.73
Cnova Finança B.V (“Cnova Finança”)	-	35.73	-