Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

The breakdown by business segment and geographic area is as follows:

Region or country (in thousands of euros)

Holdings and Supports 30/09/2020

Notes

Ski areas Leisure parks

30/09/2019

FRANCE

645,206

288,951 247,229

23,853

958,010 248,399

996,474 226.027

OTHERS (excl. France)

-

1,170

TOTAL PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

645,206

536,180 56,467 479,713

25,023 1,206,409 1,222,501

Intangible assets

6.2 6.3

7,046

14,815

78,328

68,755

Property, plant and equipment

638,160

10,208 1,128,081

1,153,745

TOTAL PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS IN THE BALANCE SHEET

645,206

536,180

25,023 1,206,409 1,222,501

6.4

INVESTMENTS IN ASSOCIATES

30/09/2020

30/09/2019

(in thousands of euros)

VALUE OF SECURITIES AT BEGINNING OF REPORTING PERIOD

82,011

75,959

Change in scope of consolidation and miscellaneous

244 727

-785

Net income for the period*

8,863

Dividends paid

-2,072 80,910

-2,026 82,011

VALUE OF SECURITIES AT END OF REPORTING PERIOD

of which: Compagnie du Mont-Blanc

49,271 24,228

46,623 23,679

Avoriaz

* including an impairment of €4.4 million.

Compagnie du Mont-Blanc is listed on the stock market. However, given the very low liquidity and high volatility of the stock, the share price is not representative of the recoverable amount of the Group’s shareholding. Therefore, its value for the Group is assessed on the basis of its value in use (public service arrangements for Chamonix,

which have been renewed until 2053). For information purposes, the difference between the stock market value of Compagnie du Mont- Blanc at 30 September 2020 and the equity value of the securities was negative at €5.3 million. Based on the stock market price at 30 October 2020, this difference is negative at €4.6 million.

6.5

INVENTORIES

30/09/2020

30/09/2019

(in thousands of euros)

Gross amount Impairment LAND BANK Gross amount

3,534

3,534

-311

-311

3,223

3,223

363

387

Impairment

-313

-313

PARKING AREAS

50

74

Gross amount

20,821

21,914

Impairment

-928

-916

INVENTORIES OF RAW MATERIALS, SUPPLIES AND GOODS

19,893 23,166

20,999 24,296

TOTAL

Land inventories mainly concern the company SAG (Flaine), which prepares land for subsequent sale.

Inventories of raw materials, supplies and goods relate both to the Ski areas segment (spare parts for ski lifts) and the Leisure parks segment (shop inventories, restaurants and costumes, and waxwork production).

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Compagnie des Alpes I 2020 Universal registration document