Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

Fair value level of financial liabilities at fair value

Balance sheet value

Fair value of financial liabilities at amortised cost

Financial liabilities and other liabilities (in thousands of euros)

Hedging derivatives (1)

Other financial liabilities

Notes

Level 1

Level 2 Level 3

Other non-current liabilities Operating trade payables Fixed asset trade payables

2,321

(1)

6.14 6.14 6.14 6.14 6.14 6.14 6.12 6.12 6.12 6.12 6.12

80,991 26,011 54,575

(1)

(1)

Tax and payroll payables

(1)

Tax liabilities

845

(1)

Other operating liabilities Other miscellaneous debt

31,403

(1)

5,214

(1)

Adjustment accounts

39,233

(1)

Bonds

259,634 577,700

(1)

Borrowings from credit institutions Other financial and similar borrowings

(1)

1,028 2,467 2,065 8,628

(1)

Employee profit-sharing

(1)

Bank overdrafts Accrued interest

(1)

TOTAL FINANCIAL LIABILITIES RECOGNISED AT AMORTISED COST

1,092,115

Derivatives on financing transactions

86

86

TOTAL FINANCIAL LIABILITIES AT FAIR VALUE THROUGH SHAREHOLDERS’ EQUITY Derivatives on financing transactions TOTAL FINANCIAL LIABILITIES AT FAIR VALUE THROUGH INCOME

86

-

86

-

-

TOTAL FINANCIAL LIABILITIES - (1) The Group does not disclose the fair value of financial liabilities such as operating liabilities and other liabilities, borrowings from credit institutions and other borrowings, since their carrying amount is a reasonable approximation of their fair value. 86 1,092,115 86 -

6.16

ASSETS AND LIABILITIES HELD FOR SALE

ASSETS HELD FOR SALE

30/09/2021

30/09/2020

(in thousands of euros)

Own property, plant and equipment

1,458

5,033

Concession assets

- -

51,385

Inventories

1,839

Other financial assets

30

-

Deferred taxes

-

1,115

ASSETS HELD FOR SALE

1,488

59,372

LIABILITIES HELD FOR SALE

30/09/2021

30/09/2020

(in thousands of euros)

Provision for risks related to the termination of the PSC

2,082

10,467

Tax and payroll payables

544

1,385

LIABILITIES HELD FOR SALE

2,626

11,852

The provisions of IFRS 5 were applied to the assets and liabilities of Deux Alpes Loisirs at the closing date on 30 September 2021 and maintained at 30 September 2021. The assets related to the concession were sold and compensated on 1 December 2020 by the buyer of the public service concession contracts on the basis of their net carrying amount. Directly-owned assets were also sold at market value. The sale of other directly-owned assets is being discussed with potential buyers.

As part of the transfer of personnel, the related social security and tax liabilities were transferred to the buyer. In accordance with IFRS 5, assets held for sale are recognised at the lower of their carrying amount and their fair value net of disposal costs.

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Compagnie des Alpes I 2021 Universal registration document