Compagnie des Alpes - 2017 Registration Document
5 FINANCIAL INFORMATION
Parent-company financial statements
3.8 CHANGE IN SHAREHOLDERS’ EQUITY The change in shareholders’ equity breaks down as follows:
Issue premium and merger
Share capital
Retained earnings Income
Regulated provisions
Shareholders’ equity
premium Reserves
(in thousands of euros)
SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2015
185,031
263,018 17,620 69,141 12,763
-
547,573
Appropriation of results
638 12,125 -12,763
-
Dividend payout Capital increase
-9,698
-9,698
332
-332
-
Net income for the period
13,379
13,379
SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2016
185,363
263,018 17,926 71,568 13,379
-
551,254
Appropriation of results
1,337 12,042 -13,379
-
Dividend payout Capital increase
-9,718
-9,718
340
-340
-
Net income for the period
2,478
2,478
SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2017
185,703
263,018 18,923 73,892 2,478
-
544,014
The Shareholders’ Meeting of 9 March 2017 approved the dividend distribution of €9,718 thousand during the appropriation of income for the reporting period ended 30 September 2016.
3.9
PROVISIONS FOR CONTINGENCIES AND CHARGES
At 30/09/2017
At 30/09/2016
Increase
Decrease
(in thousands of euros)
Provision for non-enforcement of appeal for Fort Fun
120
-
-120 -906
-
Provision for affiliate risks Provision for double rent
1,906
90
1,090
163
-
-93
70
Provision for long-service awards
- -
168 339 530
- -
168 339
Provision for taxes on additional pension plans
Provision for contingencies
3,178
-346
3,362
Provisions for charges
175
-
-26
149
TOTAL
5,542
1,127
-1,491
5,178
Following the disposal of Grévin Deutschland, the receivables and the corresponding provision for risks in the amount of €120 thousand were reversed. The provisions for affiliate risks were adjusted to the amount of recapitalisation carried out during the fiscal year and losses realised by the affiliates in the 2016/2017 fiscal year.
Compagnie des Alpes made a provision of €168 thousand to cover its commitments in terms of long-service awards, as well as a provision to cover the cost of taxes paid on additional pension commitments. Provisions for contingencies are related to identified risks or ongoing disputes. A provision of €0.3 million was made in the 2016/2017 fiscal year to cover the risk of non-recovery of a financial advance granted to a third-party and the corresponding interest.
3.10
FINANCIAL DEBT
At 30/09/2017
At 30/09/2016
Increase
Decrease
(in thousands of euros)
Bonds
300,000
-
-
300,000
Accrued interest not yet due on bonds
10,697
10,671
-10,697
10,671
Bank overdrafts
226
16
-226
16
TOTAL
310,923
10,687
-10,923
310,687
Maturities of the Company’s financial debt break down as follows:
Maturity at less than 1 year
From 1 to 2 years
From 2 to 3 years
From 3 to 4 years
From 4 to 5
Total
years Over 5 years
Borrowings
Bank borrowings
-
-
- - - - -
- - - - -
- - - - -
- - - - -
-
Bonds
300,000
200,000
100,00-
Interest on bonds
10,671
10,671
- -
Bank overdrafts (incl. intra-group)
16
16
TOTAL
310,687
210,687
100,000
144
Compagnie des Alpes I 2017 Registration Document
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