Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

Fair value level of financial liabilities at fair value

Balance sheet value

Fair value of financial liabilities at amortised cost

Financial liabilities and other liabilities (in thousands of euros)

Hedging derivatives (1)

Other financial liabilities

Notes

Level 1

Level 2 Level 3

Operating trade payables Fixed asset trade payables Tax and payroll payables

6.14 6.14 6.14 6.14 6.14 6.14 6.12 6.12 6.12 6.12 6.12 6.12

85,915 27,438 66,062

* * * * * * * * * * * * *

Tax liabilities

607

Other operating liabilities Other miscellaneous debt

30,632

647

Adjustment accounts

29,724 2,000

Other non-current liabilities

Bonds

259,530 374,237

Borrowings from credit institutions Other financial and similar borrowings

890

Employee profit-sharing

2,999 22,532

Bank overdrafts Accrued interest

3,091

TOTAL FINANCIAL LIABILITIES RECOGNISED AT AMORTISED COST

-

906,305

Derivatives on financing transactions

889

889

TOTAL FINANCIAL LIABILITIES AT FAIR VALUE THROUGH SHAREHOLDERS’ EQUITY Derivatives on financing transactions TOTAL FINANCIAL LIABILITIES AT FAIR VALUE THROUGH INCOME

889

-

889

-

-

TOTAL FINANCIAL LIABILITIES - * The Group does not disclose the fair value of financial liabilities such as operating liabilities and other liabilities, borrowings from credit institutions and other borrowings, since their book value is a reasonable approximation of the fair value. 889 906,305 889 -

6.16

ASSETS AND LIABILITIES HELD FOR SALE

ASSETS HELD FOR SALE

30/09/2020

(in thousands of euros)

Own property, plant and equipment

5,033

Concession assets

51,385 1,839 1,115 59,372

Inventories

Deferred taxes

ASSETS HELD FOR SALE

LIABILITIES HELD FOR SALE

30/09/2020

(in thousands of euros)

Provision for risks related to the termination of the PSC

10,467

Tax and payroll payables

1,385

LIABILITIES HELD FOR SALE

11,852

The requirements of IFRS 5 were applied to the assets and liabilities of Deux Alpes Loisirs at the reporting date of 30 September 2020, as the concession-related assets will be indemnified at 1 December 2020 by the beneficiary of the public service concession contracts on the basis of their net book value. Own assets will be sold at their market value. As part of the transfer of personnel, the related social security and tax liabilities will be transferred to the buyer.

In accordance with IFRS 5, assets held for sale are recognised at the lower of their book value and their fair value net of disposal costs. This valuation of the group of assets held for sale at the lower of its net book value and its fair value led to the recognition at closing of the goodwill allocated to Les Deux Alpes for an amount of €4.2 million, presented in “Other operating income and expenses”.

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Compagnie des Alpes I 2020 Universal registration document