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
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