Compagnie des Alpes - 2017 Registration Document
5 FINANCIAL INFORMATION
Consolidated financial statements
The foregoing shareholdings are primarily focused on Ski Area shareholdings in real estate agencies and real estate development entities, which are not material in terms of the consolidated financial statements.
These shareholdings are mainly owned with a view to their use (to support the commercial activities of our business lines).
6.6
INVENTORIES
30/09/2017
30/09/2016
(in thousands of euros)
Gross amount Impairment LAND BANK Gross amount
4,298
4,358
-
-
4,298
4,358
388
363
Impairment
-313
-313
PARKING AREAS
75
50
Gross amount
18,366
17,593
Impairment
-524
-248
INVENTORIES OF RAW MATERIALS, SUPPLIES AND GOODS
17,842 22,215
17,345 21,753
TOTAL
The land banks are mainly held by ADS (Les Arcs/Peisey-Vallandry) and SAG (Flaine). These companies develop sites for subsequent sale. Inventories of raw materials, supplies and goods relate to either the Ski areas segment (spare parts for ski lifts), the Leisure destinations
segment (shop inventories, restaurants and costumes) or to the Group Development segment (ongoing waxwork production by CDA Productions for Grévin operations in France and abroad).
6.7
ACCOUNTS RECEIVABLE
30/09/2017
30/09/2016
(in thousands of euros)
Advances and down-payments
3,698 19,957 26,855 6,516 -2,177 54,848
3,375
Trade receivables
16,398 22,343
Tax and payroll receivables Other accounts receivable
1,771
Impairment
-1,325 42,562
TOTAL
6.8
CASH AND CASH EQUIVALENTS
30/09/2017
30/09/2016
(in thousands of euros) Investment funds
6,001
4,004 2,750 27,423
Time deposits
-
Demand deposits
40,063
Cash
784
636
TOTAL
46,848
34,813
The improvement in the active cash position at 30 September 2017 is essentially the result of the refinancing that took place in 2017 and the early implementation of bond issues (see Note 6.11).
6.9
SHAREHOLDERS’ EQUITY
Stock options There are 113,950 performance shares (representing 0.47% of the share capital) that had not yet vested at 30 September 2017. All the outstanding options and grants are settled by share buybacks on the market. At 30 September 2017, the remaining stock of free shares totalled €99 thousand for 6,170 shares.
Treasury stock Pursuant to the share buyback programme authorised by the Combined Ordinary and Extraordinary Shareholders’ Meeting of 9 March 2017, CDA’s liquidity contract consisted of the following at 30 September 2017: z 9,733 shares representing a gross book value of €245 thousand; z cash of €730 thousand (principal and accrued interest).
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Compagnie des Alpes I 2017 Registration Document
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