Compagnie des Alpes // 2020 Universal Registration Document
5 FINANCIAL INFORMATION
Consolidated financial statements
5.7 EARNINGS PER SHARE OF PARENT COMPANY SHAREHOLDERS AND DILUTED EARNINGS PER SHARE The earnings per share of the parent company shareholders amounted to -€104,345 thousand.
2020
2019
(in thousands of euros)
Net income - Share of parent-company shareholders
-104,345
62,244
Number of shares outstanding
24,510,101
24,457,051
NET INCOME - SHARE OF PARENT-COMPANY SHAREHOLDERS
-4.26
2.55
2020
2019
(in thousands of euros)
Net income - Share of parent-company shareholders used for the calculation of diluted earnings per share
-104,345
62,244
Number of shares outstanding
24,510,101
24,457,051
Adjustment to factor in the dilutive effect of performance share plans DILUTED EARNINGS PER SHARE OF PARENT COMPANY SHAREHOLDERS
134,940
122,650
-4.24
2.54
Performance shares were taken automatically in the calculation of diluted earnings, but in fact they do not have a dilutive effect given the loss.
5.8 OPERATIONAL ROCE For 2019/2020, the reconciliation between the Group ROCE and the operating ROCE was as follows:
Ski areas and Leisure parks Rest of the Group
Group total
Net operating income Theoretical tax (at 31%)
-75,993
-29,868
-105,861
23,558
9,259
32,817
After tax net operating income Assets used excluding goodwill
-52,435
-20,609
-73,044
1,176,022
-1,254
1,174,767
DIVISIONAL ROOC
-4.5%
-6.2%
270,189
-
270,189
Goodwill
Total assets used (including goodwill )
1,446,211
-1,254
1,444,956
GROUP ROCE
-5.1%
Note 6
Information on the consolidated balance sheet
6.1 GOODWILL Net goodwill breaks down as follows:
Gross amount
Impairment
Net amount
(in thousands of euros)
AT 30/09/2018
307,198
-13,063
294,135
Changes in the scope of consolidation
41,203 -3,826
- -
41,203 -3,826
Other changes AT 30/09/2019
344,575
-13,063
331,512
Changes in the scope of consolidation
-
-
-
Other changes
-8,373 -4,196
-52,950
-61,323
Activities held for sale
4,196
-
AT 30/09/2020
332,006
-61,817
270,189
The line “Activities held for sale” represents the disposal of the DAL historical goodwill. The “Impairment” column includes:
l the impairment of goodwill of the Travelfactory sub-group for €7.4 million; l an impairment of goodwill of the Leisure parks BU in the amount of €41.4 million; l the impairment of goodwill of the Ski areas BU allocated to Deux Alpes Loisirs in the amount of €4.2 million.
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Compagnie des Alpes I 2020 Universal registration document
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