Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Parent company financial statements

2.2 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 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. 2.3 FINANCIAL INVESTMENTS Shareholdings are recognised at acquisition cost.

2.4 RECEIVABLES Receivables are measured at their nominal value. Impairment is recognised when the net asset value falls below the book value. POST-EMPLOYMENT BENEFITS The obligations of Compagnie des Alpes with respect to post- employment benefits are measured and recognised off-balance sheet. The calculation method complies with the Company’s collective arrangements that came into force on 1 July 2009. The obligation is calculated on the basis of current salaries (fixed salary and bonuses), including benefits to be paid when employees retire, and taking into account seniority at retirement date. Considered as the most likely, the assumption of retirement at age 65 for managers (62 for other categories), at the request of the employee, was retained. The benefits reflect a number of coefficients and assumptions (anticipated life expectancy, changes in the benefit calculation basis, inflation, etc.). The discount rate is based on the performance of the 10-year iBOXX and stands at 0.6% for the financial year ended 30 September 2021 (also 0.60% at 30 September 2020). 2.5

Note 3

Notes relating to statement of financial position

3.1

PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

The property, plant and equipment and intangible assets line items changed as follows:

At 30/09/2021

At 30/09/2020

Increases

Decreases

(in thousands of euros)

Intangible assets

27,678

7,882

-

35,560 -21,629 13,931

Depreciation of intangible assets

-18,216

-3,413 4,469

NET TOTAL

9,462

-

At 30/09/2021

At 30/09/2020

Increases

Decreases

(in thousands of euros)

Property, plant and equipment Depreciation of intangible assets

3,851

355

-1

4,205

-2,958

-292

-3,250

NET TOTAL

893

63

-1

955

Investments correspond, for the most part, to IT developments led by Compagnie des Alpes (in particular the development of CRM applications and datalakes).

200

Compagnie des Alpes I 2021 Universal registration document