Compagnie des Alpes - 2017 Registration Document

5 FINANCIAL INFORMATION

Parent-company financial statements

5.4.2 ADDITIONAL NOTES TO THE PARENT-COMPANY FINANCIAL STATEMENTS These additional notes to the parent-company financial statements of Compagnie des Alpes SA for the 12-month period ended 30 September 2017 contain additional information on the balance sheet (total assets of €883,896 thousand) and the income statement (net income of €2,478 thousand).

C NTENT DETAILLED

NOTE 1 KEY EVENTS DURING THE FISCAL YEAR

139

NOTE 5 OFF-BALANCE SHEET COMMITMENTS

146

NOTE 2 ACCOUNTING PRINCIPLES AND POLICIES

139

NOTE 6 EVENTS AFTER THE REPORTING DATE

146

NOTE 3 NOTES RELATING TO THE BALANCE SHEET 140

NOTE 7 EARNINGS AND OTHER KEY INFORMATION OVER THE PAST FIVE REPORTING PERIODS

147

NOTE 4 NOTES RELATING TO THE INCOME STATEMENT

145

Note 1

Key events during the fiscal year

In April 2017, Compagnie des Alpes sold Grévin Deutschland (bringing the Fort Fun theme park in Germany) to Looping Holding. CADEVI and CDHA were also fully transferred to the balance sheet of Compagnie des Alpes.

Note 2

Accounting principles and policies

Loans, deposits, and other capitalised receivables are measured at their nominal value minus any impairment losses depending on their recoverable nature. RECEIVABLES Receivables are measured at their nominal value. Impairment is recognised when the net asset value falls below the book value. POST-EMPLOYMENT BENEFITS The obligations of Compagnie des Alpes with respect to post- employment benefits are measured and recognised off balance sheet. The calculation method complies with the Company’s collective arrangements that came into force on 1 July 2009. The obligation is calculated on the basis of current salaries (fixed salary and bonuses), including benefits to be paid when employees retire, and taking into account seniority at retirement date. The assumption of voluntary retirement at the age of 62 was taken as the most probable. The benefits reflect a number of coefficients and assumptions (anticipated life expectancy, changes in the benefit calculation basis, inflation, etc.). The discount rate is based on the performance of the 10-year iBOXX and amounts to 1.45% per annum for the fiscal year ended 30 September 2017 (0.8% at 30 September 2016). 2.4 2.5

The annual financial statements are presented in accordance with the generally accepted accounting principles in France. The basic method used to measure assets and liabilities was the historical cost method. The main policies applied are as follows: INTANGIBLE ASSETS Software is amortised on a straight-line basis over one to three years. PROPERTY, PLANT AND EQUIPMENT Depreciation is calculated on the basis of the estimated useful lives of the various types of assets. Property, plant and equipment are measured at acquisition cost. The useful lives are as follows: z General installations 10 years z Equipment (vehicles, office and computer equipment) 3 to 5 years z Office furniture 5 to 10 years 2.1 2.2

2.3

NON-CURRENT FINANCIAL ASSETS

Shareholdings are recognised at acquisition cost. The acquisition costs of shareholdings included in the cost of securities are subject to accelerated straight-line amortisation over five years. Impairment may be recognised when the valuation (based on a number of valuation factors) is lower than the cost price.

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Compagnie des Alpes I 2017 Registration Document