Compagnie des Alpes // 2020 Universal Registration Document

5 FINANCIAL INFORMATION

Parent-company financial statements

3.7 CHANGE IN EQUITY The change in shareholders’ equity breaks down as follows:

Issue premium & merger bonus

Retained earnings

Shareholders’ equity

Share capital

Reserves

Income

(in thousands of euros)

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2018

186,091

263,018

18,659

64,072 16,113 -15,851

16,961 -16,961

548,801

Appropriation of results

848

-

Dividend payout Capital increase

-15,851

334

-334

-

Net income for the period

14,592

14,592

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2019

186,425

263,018

19,173

64,334

14,592

547,542

Appropriation of results

662

13,930 -14,592

-

Dividend payout Capital increase

-17,100

-17,100

404

-404

-

Net income for the period

-32,360

-32,360

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2020

186,829

263,018

19,431

61,164 -32,360

498,083

The Shareholders’ Meeting of 7 March 2020 approved the dividend distribution of €17,100 thousand during the appropriation of income for the reporting period ended 30 September 2019.

3.8

PROVISIONS FOR CONTINGENCIES AND CHARGES

At 30/09/2020

At 30/09/2019

Increase

Decrease

(in thousands of euros)

Provisions for affiliate risks

1,000

1,000 4,700 2,328

Provisions for negative net positions

4,700

Provisions for contingencies

2,128

886

-686

Provisions for foreign exchange losses

54

54

Provisions for charges

150

150

TOTAL

3,278

5,640

-686

8,232

3.9 BORROWINGS Maturities of the Company’s financial debt break down as follows: Provisions for negative net position of subsidiaries include the additional provisions required when the securities are fully impaired and the Company has no receivables from its subsidiaries. As of 30 September 2020, a provision for negative net position has been recorded for an amount of €4.7 million, and mainly corresponds to Travelfactory (€4.4 million).

Provisions for contingencies are related to identified risks or ongoing disputes. The provision for foreign exchange losses corresponds to the translation adjustment (unrealised foreign exchange loss) calculated on the loan in Canadian dollars granted to Grévin Montreal.

At 30/09/2020

At 30/09/2019

Increases

Decreases

(in thousands of euros)

Bonds

100,000 160,000

100,000 207,870

Group borrowings

47,870

Accrued interest not yet due on bonds

1,401

1,402

-1,401

1,402

Bank overdrafts

66,774

-66,245 -67,646

529

TOTAL

328,175

49,272

309,801

Borrowings (in thousands of euros)

Maturity at less than 1 year

From 1 to 2 years

From 2 to 3 years

From 3 to 4 years

From 4 to 5 years

Over 5 years

Total

Bonds

100,000 207,870

100,000

-

Group borrowings Interest on bonds

9,870 1,402

22,000

22,000

22,000

22,000 110,000

1,402

- -

Bank overdrafts (incl. intra-group)

529

529

TOTAL

309,801

11,801

22,000

22,000 12,2000

22,000 110,000

192

Compagnie des Alpes I 2020 Universal registration document