Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

6.13

DEFERRED TAXES

30/09/2020

30/09/2019

Total deferred tax assets in the balance sheet Total deferred tax liabilities in the balance sheet

20,897 -22,070 -1,173

9,801

-22,387 -12,586

NET DEFERRED TAX POSITION

Deferred tax assets on employee profit- sharing

Deferred tax liabilities on tax

Post- employment and similar commitments

Provisions for non- deductibles

Tax loss carryforwards

Regulated provisions

Valuation adjustments

Maintenance components

Financial instruments Brands Other

(in thousands of euros) 30/09/2019

risks Leases

TOTAL

6,696 19,055 2,060 -26,777 -10,870 -3,316 -1,309 -1,087 -6

331 -3,099 5,737 -12,586 -45 774 -817 11,413 286 -2,325 4,919 -1,173

Change

13,343

-5,687 -1,638 5,293 -1,202

-147

421

- 1,117

30/09/2020 20,039 13,369

422 -21,484 -12,071 -3,463 -888 -1,087 1,111

Usually, the recovery period for deferred tax assets on tax loss carryforwards is five years.

6.14

OPERATING AND OTHER LIABILITIES

30/09/2020

30/09/2019

(in thousands of euros)

Trade and related payables Tax and payroll payables Other operating liabilities

85,915 66,062 30,632 182,609

77,590 75,663 19,672

SUBTOTAL “OPERATING LIABILITIES”

172,925

Debt on non-current assets Other miscellaneous debt

27,438

39,872

647

742

Deferred income

29,724 57,809 240,419

28,000 68,613 241,539

SUBTOTAL “OTHER DEBT”

TOTAL

6.15 FINANCIAL INSTRUMENTS BY CATEGORY, FAIR VALUE AND IMPACT ON INCOME

IFRS 9 applicable from 2018 defines three categories of financial instruments: l financial assets and liabilities at fair value through other items of comprehensive income; l financial assets and liabilities at fair value through the net income statement; l loans and receivables measured at amortised cost. Financial instruments recognised in the balance sheet at fair value are broken down according to the following fair value levels: l level 1, which includes measurements based on a price listed on an active market; in general, the market value corresponds to the last listed price;

l level 2, which includes measurements based on data that can be observed on the market, not included in level 1; l level 3, which includes measurements based on data that can be observed on the market; in general, the valuation of securities of non-controlled companies is based on the share of the net position. Fair values were determined on the basis of information available at the closing date of 30 September 2020 (last available statements) and therefore do not take into account the impact of future changes. There were no transfers of financial instruments between level 1 and level 2 or any transfers to or from level 3 at 30 September 2020.

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Compagnie des Alpes I 2020 Universal registration document