Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

Note 8

Impact of new IFRS standards

This note presents the effects of the application of the new standard, IFRS 16 - Leases, and the interpretation of IFRIC 23 - Uncertainties relating to tax treatments, on the Group’s consolidated financial statements. It also describes the new accounting principles applied since 1 October 2019, when they are different from the principles previously applied. IMPACT OF IFRS 16 ON THE FINANCIAL STATEMENTS IFRS 16 was applied retrospectively, with recognition of the cumulative effect of the first-time application in the opening consolidated balance sheet at 1 October 2019, without restatement of comparative periods. 8.1

BALANCE SHEET ASSETS

Impacts of the first-time application of IFRS 16

30/09/2019

01/10/2019

(in thousands of euros)

Goodwill

331,512 68,755 513,944 639,801

331,512 68,755 512,609 639,801 131,573

Intangible assets

Property, plant and equipment

-1,335

Concession assets

Right of use of the asset IFRS 16 Investments in associate companies

131,573

82,011 58,165 9,801

82,011 58,165 9,801

Non-current financial assets

Deferred tax assets

NON-CURRENT ASSETS

1,703,990

130,238

1,834,228

Inventories

24,296 67,949 13,119 11,420

24,296 67,949 12,634 11,420

Accounts receivable Other receivables

-485

Current taxes

Current financial assets Cash and cash equivalents

286

286

22,320

22,320

CURRENT ASSETS

139,390

-485

138,905

TOTAL ASSETS

1,843,380

129,753

1,973,133

BALANCE SHEET LIABILITIES

Impacts of the first-time application of IFRS 16

30/09/2019

01/10/2019

(in thousands of euros)

Shareholders’ equity Share capital Additional paid-in capital

186,425 260,089 420,945 867,459 927,987 69,199 356,383 60,528

- - - - - - -

186,425 260,089 420,945 867,459 927,987 69,199 355,230 122,077 60,528

Reserves

SHAREHOLDERS’ EQUITY - SHARE OF PARENT COMPANY SHAREHOLDERS

Shareholders’ equity - share of non-controlling interests

TOTAL SHAREHOLDERS’ EQUITY

Non-current provisions

Non-current financial liabilities Lease liabilities - Share over one year

-1,153

- -

122,077

Other non-current liabilities

-

-

Deferred tax liabilities

22,387

-197

22,190

NON-CURRENT LIABILITIES

447,969 14,699 206,427

120,728

568,697 14,699 206,427

Current provisions

- -

Current financial liabilities

Lease liabilities - Share under one year

-

10,237 -1,212

10,237 171,713

Operating liabilities

172,925

Current taxes

4,759

- -

4,759

Other debt

68,613

68,613

CURRENT LIABILITIES Liabilities held for sale

467,424

9,025

476,449

-

-

-

TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES

1,843,380

129,753

1,973,133

175

Compagnie des Alpes I 2020 Universal registration document