Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Parent company financial statements

3.2 NON-CURRENT FINANCIAL ASSETS The changes in non-current financial assets can be summarised as follows:

At 30/09/2021

At 30/09/2020

Increases

Decreases

(in thousands of euros)

Shareholdings

905,883

55,529

961,412 11,937 23,609

Shareholdings in non-consolidated companies

11,937 18,331 2,638

Related receivables (and accrued interest not yet due)

5,278

Dividends receivable

-2,638

-

Deposits and guarantees

443 541 172

4

447 310 498

Treasury stocks

-231

Outstanding cash for the market-making agreement

326

GROSS TOTAL

939,945 -108,243 -11,463 820,239

61,137 -54,437

-2,869

998,213 -162,680 -18,990 816,543

Impairment of shareholdings

Impairment of related receivables

-7,527

NET TOTAL

-827

-2,869

Impairment of securities amounted to €162.7 million at 30 September 2021, after taking into account increases of €54.44 million, which can mainly be analysed as follows: l impairment of CDA Productions shares for an amount of €0.5 million; l impairment of Musée Grévin securities for an amount of €4.1 million; l impairment of France Miniature shares for an amount of €3.5 million; l impairment of Avenir Land shares for an amount of €6.7 million; l impairment of By Grévin shares for an amount of €2.6 million; l impairment of Familypark shares for an amount of €17.7 million; l impairment of Travelfactory shares for an amount of €18.2 million, partially offset by a reversal of a provision for negative net position of €4.4 million; l impairment of 2CO Immo shares for an amount of €0.1 million; l impairment of Ski & Soleil shares for an amount of €1 million. Impairment of financial receivables amounted to €18.99 million at 30 September 2021, after taking into account increases of €7.5 million for the financial year, which can mainly be analysed as follows: l impairment of Grévin Montréal’s financial receivable for €1.5 million; l impairment of By Grévin’s financial receivable for €3.7 million; l impairment of Jardin d’Acclimatation’s financial receivable for €2.3 million.

The increase in equity investments results from the acquisition of 34.26% of the shares in Futuroscope for €30.7 million, bringing the stake to 79.81%, and an earn-out payment of €2.23 million paid for the acquisition of Travelfactory, which brings our percentage of ownership to 100%. Compagnie des Alpes also recapitalised certain loss-making subsidiaries during the financial year 2020/2021: l CDA Production for an amount of €0.5 million; l France Miniature for an amount of €3.5; l Chaplin’s By Grévin for an amount of €2.6 million; l Travelfactory for an amount of €16 million; A new advance was granted during the financial year by Compagnie des Alpes to its subsidiary Grévin Montréal, in the amount of CAD1.6 million (equal to €1.1 million at 30 September 2021), bringing the total amount of advances to CAD11.95 million (€8.13 million at 30 September 2021). This receivable generated a negative currency translation adjustment of €416 thousand during the financial year ended 30 September 2021 (compared to a positive translation adjustment of €55 thousand at 30 September 2020). A receivable of CHF 4 million was granted to Chaplin’s By Grévin (equal to €3.71 million at 30 September 2021). These two receivables have been fully impaired to take into account the financial position of these subsidiaries and their future outlook. In the context of the health crisis that sharply reduced corporate values net of debt (based on medium-term business plans), significant impairments were recorded during the year.

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Compagnie des Alpes I 2021 Universal registration document