Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

9.2

HEADCOUNT

30/09/2020

30/09/2019

Average headcount France Others (Outside France)*

3,564

4,352

751

777

TOTAL AVERAGE HEADCOUNT

4,315

5,129

* Excluding Familypark in 2019.

At 30 September 2020, headcount broke down as follows: l Ski areas 20.1%; l Leisure parks 73.6%; l Holdings and supports 6.3%.

9.3

OFF-BALANCE SHEET COMMITMENTS

Operating leases and leasing contracts The CDA Group’s lease commitments at 30 September 2020 were as follows:

< 1 year

From 1 to 5 years

> 5 years

TOTAL 4,089

(in thousands of euros)

Rent

1,680

2,092

317

Other commitments

30/09/2020

30/09/2019

(in thousands of euros)

Sureties and endorsements Liability guarantee given Purchase commitments granted

56

454

10,701 10,713 57,011 78,481

11,086

-

Other

24,788 36,328

COMMITMENTS GIVEN Liability guarantee received

2,050 9,784

1,550

Sureties received

10,504

Other

-

-

COMMITMENTS RECEIVED

11,834

12,054

The Group’s main off-balance sheet commitments are as follows: l the Group’s commitments in terms of rent amounted to €4.1 million. They represent contracts considered to be of low value or with a duration of less than one year and not restated in accordance with IFRS 16 (see Note 8); l in the context of the creation of real estate companies to stimulate the refurbishment of the real estate assets of the resorts, the ski lift companies provide investors with guaranteed rents during the refurbishment period, and then to put them back on the market. These commitments amount to approximately €14.9 million; l the real estate commitments of the Deux Alpes Loisirs sub-group: its subsidiary SC2A provided a guarantee to cover up to €2.5 million in current lease payments; l the financing facilities granted by CDA Financement to the companies SAP Invest, SAP Location, Val-d’Isère Immobilier and Panoramic and not used at 30 September 2020 amounted to €4 million; l as part of the Futuroscope transformation plan, the following guarantees were given by Compagnie des Alpes SA: l a letter of intent has been signed guaranteeing 25% of the amount of the works commitment relating to the installations and buildings of the current fleet, estimated at €100 million, i.e. a maximum lump sum equal to €25 million,

l a letter of intent was signed guaranteeing two years of rents from the current portfolio amounting to €6.2 million, l lastly, a rental guarantee for one quarter was given for the second park, which is planned to be built, for an amount of €279 thousand; l the guarantees given are as follows: l two parent-company guarantees at first request amounting to a total of €9.7 million given to the City of Paris for Jardin d’Acclimatation, the first for €8.7 million in relation to the operating fee until 2041, and the second for €1 million in relation to the execution of the contractual investment programme until 2024, l in December 2017, as part of the Public Service Delegation between SCV Domaine Skiable and SIGED, CDA granted a first- demand payment guarantee for the fee. This guarantee covers an amount of €600 thousand for FY 2019/2020, l a bank guarantee and parent company guarantee at first request of CHF750 thousand, given for the By Grévin site, l as part of the Travelfactory purchase, the parties granted each other put and call options on the balance of the Company’s shares for a total maximum residual amount of €3.8 million, over a remaining period of 1 year;

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Compagnie des Alpes I 2020 Universal registration document