Compagnies des Alpes // 2019 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

7.4

IMPACT OF DISCONTINUED OPERATIONS

30/09/2019

30/09/2018

(in thousands of euros)

Cash fl ows from operating activities Cash fl ows from investing activities Cash fl ows from fi nancing activities

- - - - -

4,963 -1,754

11

Impact of other movements

128

IMPACT OF DISCONTINUED OPERATIONS

3,348

7.5

NET CASH POSITION

30/09/2019

30/09/2018

(in thousands of euros)

CASH ASSETS IN THE BALANCE SHEET

22,320 -48,676 -26,356

31,624

Bank credit balances and similar

-101,331 -69,706

NET CASH POSITION IN THE STATEMENT OF CASH FLOWS

Note 8

Other disclosures

8.1 RELATED PARTIES The Group considers the following to be related parties: l all fully consolidated companies and associate companies; l the reference shareholder of the Company: Caisse des Dépôts; l all members of the Executive Committee and of the Board of Directors, together with close family members. 8.1.1 Fully consolidated companies and associate companies Dealings between the parent company and its subsidiaries, joint ventures and associate companies are detailed in Note 4.2. Transactions between the parent company and its controlled subsidiaries are eliminated in consolidation and therefore not detailed in this Registration Document. The operating income of Compagnie des Alpes SA comes mainly from services provided to its subsidiaries as part of agreements freely concluded under normal conditions. The role of Compagnie des Alpes SA within the Group is presented in Chapter 5.2. At 30 September 2019, the outstanding fi nancing of CDA Financement, a subsidiary of Compagnie des Alpes, for controlled companies totalled €538.6 million. Outstanding controlled company investments with CDA Financement stood at €90.7 million. Cash fl ows between Compagnie des Alpes and associate entities are insigni fi cant. 8.1.2 Caisse des Dépôts et Consignations (CDC) Futuroscope: In January 2011, under the preliminary agreements signed in October 2010 in conformity with the partnership approach desired by all the parties, Compagnie des Alpes became the reference shareholder of Futuroscope, along with the Vienne department and CDC, which is also a direct and indirect shareholder. This partnership, as described in the 2011 Registration Document (page 176), continued to fl ourish in 2017/2018. Licencing: The licencing agreement for the use of the corporate names “Caisse des Dépôts et Consignations” and “Groupe Caisse des Dépôts”, which was authorised in 2005, continues normally.

The licence represents 0.2% of consolidated annual revenue, weighted according to the percentage of share capital held by Caisse des Dépôts in Compagnie des Alpes at 1 January each fi scal year. The resulting expense for the year was €671 thousand. 8.1.3 Members of the Executive Committee and of the Board of Directors Foncière Rénovation Montagne: company founded in April 2013 by Caisse des Dépôts, Banque Populaire des Alpes, Caisse d’Épargne Rhône-Alpes, Crédit Agricole des Savoie and CDA, dedicated to fi nancing the renovation of mountain tourist accommodation. The purpose of this real estate company is to invest in local real estate in order to acquire ageing accommodation, renovate it and renew its appeal. These accommodation facilities are then put back on the rental market for sale in the medium term for leasing purposes, in order to keep them on the market. The goal is to create a knock-on e ff ect on the other stakeholders to create virtuous dynamics of growth for the mountain economy. Compensation awarded to members of the Executive Committee and the Board of Directors Total compensation made to principal executives for their Group activities as stipulated in IAS 24.16 are as follows:

FY 2018/2019 (in millions of euros) Board of Directors Group Executive Committee

5,287 2,318 1,403

Short-term bene fi ts P Salary components

P Other short-term components Post-employment bene fi ts End of work contract packages

916 413

2,383

Share-based payments

173

* Set on the basis of theoretical maxima.

161

Compagnie des Alpes I 2019 Universal registration document