Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

The breakdown by business segment and geographic area is as follows:

Region or country (in thousands of euros)

Holdings and supports

30/09/2021

Notes

Ski areas Leisure parks

30/09/2020

FRANCE

660,843

285,742 248,343

27,904

974,489 249,472

958,010 248,399

OTHERS (excl. France)

-

1,129

TOTAL PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

660,843

534,085 56,444 477,641

29,033 1,223,961 1,206,409

Intangible assets

6.2 6.3

7,016

19,845

83,305

78,328

Property, plant and equipment

653,827

9,188 1,140,656 1,128,081

TOTAL PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS IN THE STATEMENT OF FINANCIAL POSITION

660,843

534,085

29,033 1,223,961 1,206,409

6.4

INVESTMENTS IN ASSOCIATES

30/09/2021

30/09/2020

(in thousands of euros)

VALUE OF SECURITIES AT BEGINNING OF REPORTING PERIOD

80,910

82,011

Change in scope of consolidation and miscellaneous

257

244 727

9,059 -2,175 88,050

Net income for the period (1)

Dividends paid

-2,072 80,910

VALUE OF SECURITIES AT END OF REPORTING PERIOD

of which: Compagnie du Mont-Blanc

57,666 23,538

49,271 24,228

Avoriaz

(1) Including an impairment of €4.4 million at 30 September 2020.

Compagnie du Mont-Blanc is listed on the stock market. However, given the very low liquidity and high volatility of the stock, the share price is not representative of the recoverable amount of the Group’s shareholding. Therefore, its value for the Group is assessed on the basis of its value in use (public service arrangements for Chamonix,

which have been renewed until 2053). For information purposes, the difference between the stock market value of Compagnie du Mont- Blanc at 30 September 2021 and the equity value of the securities was negative at €15 million. Based on the stock market price at 25 October 2021, this difference is negative at €13.7 million.

6.5

INVENTORIES

30/09/2021

30/09/2020

(in thousands of euros)

Gross amount

3,029

3,534

Impairment

-311

-311

LAND INVENTORIES

2,718

3,223

Gross amount

373

363

Impairment

-313

-313

PARKING AREAS

60

50

Gross amount

19,634

20,821

Impairment

-896

-928

INVENTORIES OF RAW MATERIALS, SUPPLIES AND GOODS

18,737 21,515

19,893 23,166

TOTAL

Land inventories mainly concern the company SAG (Flaine), which prepares land for subsequent sale.

Inventories of raw materials, supplies and goods relate both to the Ski areas segment (spare parts for ski lifts) and the Leisure parks segment (shop inventories, restaurants and costumes, and waxwork production).

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Compagnie des Alpes I 2021 Universal registration document