Compagnie des Alpes // 2021 Universal Registration Document

5 FINANCIAL INFORMATION

Parent company financial statements

3.7 CHANGE IN SHAREHOLDERS’ EQUITY The change in shareholders’ equity breaks down as follows:

Share capital

Issue, contribution and merger premiums

Retained earnings

Shareholders’ equity

Reserves

Income 14,592

(in thousands of euros)

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2019 186,425

263,018

19,173

64,334

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

-32,360 498,083

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2020 186,829

263,018

19,431

61,164 -32,360

Appropriation of results

-32,360

32,360

- -

Dividend payout Capital increases Capital reduction

13,307

237,996 174,954

-407

250,896

-174,954

-

NET INCOME FOR THE PERIOD

-79,217

-79,217 669,762

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2021 25,182

675,968

19,024

28,804 -79,217

The Shareholders’ Meeting of 25 March 2021 decided, as part of the appropriation of income for the financial year ended 30 September 2020, not to distribute dividends for the financial year 2019/2020. In April 2021, the Board of Directors, authorised by the Shareholders’ Meeting, decided to carry out a reduction in the share capital not motivated by losses, in the amount of €174,574,013.62, to reduce it from €186,829,064.12 to €12,255,050.50. The sum corresponding to the amount of the share capital reduction, i.e. €174,574,013.62, was allocated to the Share premium account. The Chief Executive Officer, by a decision dated 8 June 2021, making use of the powers sub-delegated to him by the Board of Directors on 31 May 2021, decided: l to carry out a capital increase, with preferential subscription rights for shareholders, for a nominal amount of €12,281,725.50, through

the issue of 24,563,451 new Company shares with a nominal value of €0.50; l that the new shares will be issued at the price of €9.40, made up of a nominal value of €0.50 and a share premium of €8.90. As a result, the capital increase totalled €230,896,439.40. Finally, on 16 September 2021, the Shareholders’ Meeting approved a capital increase of the Company for a total amount of €20,000,000, through the issue of 1,237,180 new shares with a nominal value of €0.50 each, as compensation for the contribution by Caisse des Dépôts et Consignations of 371,402 Société du Parc du Futuroscope shares to the Company.

3.8

PROVISIONS FOR CONTINGENCIES AND CHARGES

Provisions for contingencies and charges break down as follows:

At 30/09/2021

At 30/09/2020

Increase

Decrease

(in thousands of euros)

Provisions for affiliate risks

1,000 4,700 2,328

1,000 3,268 5,083

Provisions for negative net positions

2,968 3,596

-4,400

Provisions for contingencies

-841

Provisions for foreign exchange losses

54

-54

-

Provisions for charges

150

150

TOTAL

8,232

5,725

-4,456

9,501

Provisions for the 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 2021, a provision for negative net position has been recorded for an amount of €2.97 million, and mainly corresponds to Ski & Soleil (€2.3 million). A reversal of €4.4 million was recorded for Travelfactory, this subsidiary having been recapitalised during the financial year.

Provisions for contingencies are related to identified risks or ongoing disputes. The provision for foreign exchange losses as at 30 September 2020 corresponding to the translation adjustment (unrealised foreign exchange loss) calculated on the loan in Canadian dollars granted to Grévin Montréal was reversed on 30 September 2021 for an amount of €0.5 million.

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Compagnie des Alpes I 2021 Universal registration document