Compagnies des Alpes // 2019 Universal Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

We certify that the consolidated statement of non- fi nancial performance speci fi ed by Article L.225-102-1 of the French Commercial Code is present in the information on the Group provided in the management report, with the understanding that, in compliance with the provisions of Article L. 823-10 of this Code, we have not checked the faithfulness or consistency of the information contained in this statement with the consolidated fi nancial statements, which must be performed by an independent third-party. Information under other legal and regulatory obligations Appointment of the Statutory auditors We have been appointed Statutory Auditors of Compagnie des Alpes by the Shareholders’ Meeting, in 1998 in the case of Mazars and in 1991 in the case of PricewaterhouseCoopers Audit. On 30 September 2019, the fi rm Mazars was in the 22nd year of its mission without interruption and the fi rm PricewaterhouseCoopers Audit was in its 29 th year, i.e . 22 and 26 years respectively since the company’s shares were listed for trading on a regulated market. Responsibilities of the management and the persons responsible for corporate governance with regard to the consolidated financial statements It is the responsibility of the management to prepare consolidated fi nancial statements that present a true image in accordance with the IFRS standards as adopted in the European Union and to set up the internal control it deems necessary to the preparation of consolidated fi nancial statements and to ensure that they are free of material misstatements, whether these result from fraud or error. At the time of preparing the consolidated fi nancial statements, it is the responsibility of the management to assess the company’s ability to continue its operation, to present in these fi nancial statements, where applicable, the necessary information relating to business continuity and to apply the accounting concept of a going concern, except where the company plans to liquidate or cease trading. It is the responsibility of the Audit Committee to monitor the process by which fi nancial information is prepared and the e ffi ciency of the internal control and risk management systems, as well as, where applicable, that of the internal audit, with regard to procedures for preparing and processing accounting and fi nancial information. The consolidated fi nancial statements have been approved by the Board of Directors. Responsibilities of the Statutory Auditors regarding the audit of the consolidated financial statements Audit objective and approach It is our responsibility to prepare a report on the consolidated fi nancial statements. Our aim is to obtain reasonable assurance that the consolidated fi nancial statements, taken as a whole, are free from material misstatement. Reasonable assurance corresponds to a high level of assurance but does not guarantee that an audit performed in accordance with professional standards of practice will systematically detect all material misstatements. Misstatements can arise due to fraud or error and are considered to be material if they, individually or in the aggregate, could be reasonably expected to in fl uence the economic decisions of users taken on the basis of the fi nancial statements. As speci fi ed in Article L. 823-10-1 of the French Commercial Code, our mission to certify the fi nancial statements does not consist in guaranteeing the viability or quality of the management of your company. In the context of an audit performed in accordance with the professional standards of practice applicable in France, the Statutory Auditor exercises his or her professional judgement throughout the audit. Furthermore: l he or she identi fi es and assesses the risks that the consolidated fi nancial statements may contain material misstatements, whether these are due to fraud or error, de fi nes and implements audit procedures to address these risks and collects evidence that he or she considers su ffi cient and appropriate as a basis for his or her opinion. The risk of not detecting a material misstatement arising from fraud is greater than that of a material misstatement resulting from error, because fraud may involve collusion, falsi fi cation, wilful omission, false statements or circumvention of the internal control system; l the auditor reviews the internal control system relevant to the audit in order to de fi ne audit procedures that are appropriate in the circumstances and not in order to express an opinion on the e ff ectiveness of the internal control system; l he or she assesses the appropriateness of the accounting methods used and the reasonableness of accounting estimates made by the management, as well as the related information provided in the consolidated fi nancial statements; l he or she assesses the appropriateness of the management’s application of the accounting principle of going concern and, depending on the evidence collected, the existence or otherwise of signi fi cant uncertainty relating to events or circumstances likely to call into question the company’s ability to continue operating. This assessment is based on the evidence collected up to the date of the auditor’s report, bearing in mind that subsequent circumstances or events could jeopardise business continuity. If the auditor identi fi es the existence of signi fi cant uncertainty, he or she shall draw readers’ attention to the information provided in the consolidated fi nancial statements regarding this uncertainty or, if this information is not provided or is not relevant, he or shell shall prepare a certi fi cation with reservation or refuse to certify the fi nancial statements; l the auditor evaluates the overall presentation of the consolidated fi nancial statements and assesses whether the consolidated fi nancial statements re fl ect underlying transactions and events so as to give a true and fair image; l concerning the fi nancial information of the persons or entities included within the scope of consolidation, it connects the elements that it considers su ffi cient and appropriate to express an opinion on the consolidated fi nancial statements. It is responsible for the management, supervision and performance of the audit of the consolidated fi nancial statements, as well as the opinion expressed on these statements.

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Compagnie des Alpes I 2019 Universal registration document