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
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Compagnie des Alpes I 2020 Universal registration document
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