Compagnie des Alpes - 2017 Registration Document
5 FINANCIAL INFORMATION
Consolidated financial statements
SHAREHOLDERS’ EQUITY (MINORITY INTEREST)
Total shareholders’ equity
Consolidated reserves
Net income for the period
(in thousands of euros)
POSITION AT 30 SEPTEMBER 2015
43,064
4,922 -4,922
47,986
Appropriation of earnings for the prior reporting period Dividend payout to non-controlling interests in subsidiaries
4,922
-
-4,126
-4,126 6,886
Non-controlling interests in earnings
6,886
Other changes
-306
-306
POSITION AT 30 SEPTEMBER 2016
43,554 6,886 -4,257
6,886
50,441
Appropriation of earnings for the prior reporting period Dividend payout to non-controlling interests in subsidiaries
-6,886
-
-4,257
Non-controlling interests in earnings
8,581
8,581
Other changes
158
158
POSITION AT 30 SEPTEMBER 2017
46,343
8,581
54,924
5.3.2 ADDITIONAL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
C NTENT DETAILLED
NOTE 1 ACCOUNTING PRINCIPLES AND POLICIES
105
NOTE 5 INFORMATION ON THE CONSOLIDATED INCOME STATEMENT
116
113
NOTE 2 MANAGEMENT OF CAPITAL AND RISKS
NOTE 6 INFORMATION ON THE CONSOLIDATED BALANCE SHEET
119
NOTE 3 STRUCTURE OF THE COMPAGNIE DES ALPES GROUP
114
NOTE 7 INFORMATION ON THE STATEMENT OF CASH FLOWS
130
NOTE 4 SCOPE OF CONSOLIDATION
114
NOTE 8 OTHER DISCLOSURES
131
Group overview The Compagnie des Alpes Group’s main business activity is the operation of leisure facilities. It operates mainly in Ski areas and Leisure parks. The Group’s parent company is Compagnie des Alpes, whose headquarters are located at 50-52 boulevard Haussmann, 75009 Paris.
The full-year 2016/2017 consolidated financial statements were approved by the Board of Directors on 7 December 2017, which authorised their publication. Figures are in thousands of euros, unless otherwise indicated.
Note 1
Accounting principles and policies
The main accounting policies applied in the preparation of the consolidated financial statements are outlined below. Unless otherwise indicated, they are applied consistently across all reporting periods presented. In application of EU regulation 1606/2002 of 19 July 2002 on international accounting standards, the annual consolidated financial statements of the Compagnie des Alpes Group for the reporting period ended 30 September 2017 were drawn up in conformity with the international financial reporting standards (IAS/IFRS), as adopted by the European Union at 30 September 2017, and in accordance with the historical cost convention, with the exception of certain financial assets and liabilities, which were valued at their fair value, as required under IFRS.
The standards whose application is mandatory from 1 October 2016 did not have a significant impact on the Group’s consolidated financial statements. The Group chose not to apply any new standard, interpretation and amendment to existing standards applicable to periods beginning after 1 st January 2017 The application of the IFRS 9 standard on financial instruments will not have a significant impact on the Group’s consolidated financial statements. The IFRS 15 standard on recognition of revenue is applicable, for the Compagnie des Alpes Group, at 30 September 2019. It will have an impact mainly on contracts in the consulting business, the limited number whereof allows a case-by-case analysis. The Group does not expect any major impact on its annual revenue.
105
Compagnie des Alpes I 2017 Registration Document
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