Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Parent-company financial statements

5.4.2 NOTES TO THE PARENT-COMPANY FINANCIAL STATEMENTS These additional notes to the parent-company financial statements of Compagnie des Alpes SA for the 12-month period ended 30 September 2020 contain additional information on the balance sheet, which totals €841,539 thousand, and the income statement, which shows a deficit of -€32,360 thousand.

C NTENT

NOTE 5 OFF-BALANCE SHEET COMMITMENTS

194

NOTE 1 KEY EVENTS DURING THE FISCAL YEAR

188

NOTE 6 EVENTS AFTER THE REPORTING DATE

195

NOTE 2 ACCOUNTING PRINCIPLES, RULES AND POLICIES

188

NOTE 7 EARNINGS AND OTHER KEY INFORMATION OVER THE PAST FIVE REPORTING PERIODS

195

NOTE 3 NOTES RELATING TO THE BALANCE SHEET

189

NOTE 4 NOTES RELATING TO THE INCOME STATEMENT

193

Note 1

Key events during the fiscal year

CONSEQUENCES OF THE COVID-19 PANDEMIC The Covid-19 pandemic and the lockdown measures decided by the governments of the countries in which the Group operates, have led to a complete halt in the activity of the Group’s business lines from 14 March 2020. The winter season of the Ski areas was definitively stopped on this date and the activity of the Leisure parks was suspended until a reopening

date between the end of May (Holland, Austria), mid-June (France) and the beginning of July (Belgium). This pandemic had a very significant negative impact on the Group’s results and consequently led to the recognition of impairment losses on financial assets amounting to €71.1 million as of 30 September 2020.

Note 2

Accounting principles, rules and policies

2.3 FINANCIAL ASSETS Shareholdings are recognised at acquisition cost.

The annual financial statements are presented in accordance with the generally accepted accounting principles in France. The basic method used to measure assets and liabilities was the historical cost method. The main policies applied are as follows: INTANGIBLE ASSETS Software is amortised on a straight-line basis over one to three years. However, a period of five years may be used for significant projects (CRM, datalakes, sales tunnels). PROPERTY, PLANT AND EQUIPMENT Depreciation is calculated on the basis of the estimated useful lives of the various types of assets. Property, plant and equipment are measured at acquisition cost. The useful lives are as follows: l General installations 10 years l Equipment (vehicles, office and computer equipment) 3 to 5 years l Office furniture 5 to 10 years 2.1 2.2

The acquisition costs of shareholdings included in the cost of securities are subject to accelerated straight-line amortisation over five years. Shareholdings are tested annually for impairment, on the basis of a number of valuation factors (net assets, growth prospects determined in relation to the medium-term business plans of the companies in question, estimated realisable value, etc.). Impairment may be recognised when the valuation (based on a number of valuation factors) is lower than the cost price. Loans, deposits, and other capitalised receivables are measured at their nominal value minus any impairment losses depending on their recoverable nature. RECEIVABLES Receivables are measured at their nominal value. Impairment is recognised when the net asset value falls below the book value. 2.4

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Compagnie des Alpes I 2020 Universal registration document