Compagnies des Alpes // 2019 Universal Registration Document

5 FINANCIAL INFORMATION

Parent company financial statements

Note 3

Notes relating to the balance sheet

3.1

PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS

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

At 30/09/2019

At 30/09/2018

Increases

Decreases

(in thousands of euros) Intangible assets

17,237

4,753

21,990 -15,206 -6,784

Depreciation of intangible assets

-12,721 -4,516

-2,485 -2,268

NET TOTAL

At 30/09/2019

At 30/09/2018

Increases

Decreases

(in thousands of euros)

Property, plant and equipment

3,207

293

-17

3,483

Depreciation of property, plant and equipment

-2,383

-288

17

-2,654

NET TOTAL

824

5

0

829

Capital expenditure mainly relates to IT development carried out by Compagnie des Alpes (principally development of CRM applications, continued roll out of automated reporting of the revenue of Leisure parks, and a fi nancial ERP throughout the Group).

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

At 30/09/2019

At 30/09/2018

Increases

Decreases

(in thousands of euros)

Shareholdings

845,756

54,464

900,220

Shareholdings in non-consolidated companies

6,318 6,836

5,619

11,937 18,045

Related receivables (and accrued interest not yet due)

14,768

-3,559

Dividends to be received Deposits and guarantees

0

0

430 356 650

12

442 562 370

Treasury stock

206

OUTSTANDING CASH FOR THE MARKET-MAKING AGREEMENT

-280

Gross total

860,346 -24,148

75,069

-3,839

931,576 -44,938

Impairment of shareholdings

-20,790

Impairment of related receivables

-3,615

-10

-3,625

NET TOTAL

832,583

54,269

-3,839

883,013

The increase in shareholdings resulted mainly from the acquisition of 94.9% of Familypark GmbH’s shares in March 2019 for an amount of €48.6 million. Compagnie des Alpes also carried out a capital increase for some of its subsidiaries:

Further advances of CAD3.8 million (or €2.8 million at 30 September 2019) were granted by Compagnie des Alpes to its subsidiary Grévin Montréal during the year, taking the total amount of advances to CAD9.1 million. €3.4 million of this receivable, which generated a translation adjustment of €455 thousand during the fi scal year ended 30 September 2019, was impaired to take into account the fi nancial situation of the subsidiary and its outlook. Impairment of securities amounted to €44.9 million at 30 September 2019 after taking into account increases of €20.8 million for the fi scal year, which can mainly be analysed as follows: l impairment of securities of HHH for an amount of €10.9 million; l impairment of securities of Grévin Montréal for an amount of €4.8 million; l impairment of securities of Grévin for an amount of €3.2 million; l impairment of securities of CDA Beijing for an amount of €1.1 million.

l CDA DL for an amount of €2.6 million; l By Grévin for an amount of €2.7 million; l CDA Beijing for an amount of €0.55 million.

Concerning non-consolidated companies, Compagnie des Alpes granted an advance of €10.45 million to Jardin d’Acclimatation in December 2018, then participated in its €3.6 million capital increase, through the incorporation of part of its fi nancial receivables. It also acquired shares of SCI des Clarines for €1.5 million and granted an advance of an equal amount to this company. Compagnie des Alpes also acquired Travelfactory’s 70% stake in Ski & Soleil for €0.56 million.

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Compagnie des Alpes I 2019 Universal registration document