Compagnie des Alpes - 2017 Registration Document

5 FINANCIAL INFORMATION

Activities and results of Compagnie Des Alpes SA

5.2.4 DIVIDEND POLICY

The dividend is determined each year by the Board of Directors at its December meeting. Compagnie des Alpes dividends paid out for the last three fiscal years (which allow individual shareholders domiciled in France to take a tax deduction) were as follows: z fiscal year 2013/2014: Dividends per share of €0.35 paid in cash on 19/03/2015;

z fiscal year 2014/2015: Dividends per share of €0.40 paid in cash on 17/03/2016; z fiscal year 2015/2016: Dividends per share of €0.40 paid in cash on 16/03/2017. The Board of Directors proposed to the Shareholders’ Meeting to pay the shareholders a dividend of €0.50 per share for 2016/2017.

5.2.5

INFORMATION ON PAYMENT PERIODS

In accordance with the provisions of Article D. 441I.-1 and -2 of the French Commercial Code, we hereby disclose information on the time taken to settle accounts payable, and receivables from customers.

Article D.441 I.-1: invoices received

Article D.441 I.-2: invoices issued

91 days and more

Total 1 day and

91 days and more

Total 1 day and more

1 to 30 days

31 to 60 days

61 to 90 days

1 to 30 days

31 to 60 days

61 to 90 days

0 days

more 0 days

(in thousands of euros)

(A) Late payment instalments Number of invoices concerned 17

82

58

48

Total amount of invoices concerned (including taxes) Percentage of total amount of purchases (excluding taxes) for the fiscal year Percentage of pre-tax sales for the fiscal year

-62

-21

-1

-1

-56 -79 -123

230

2

3

269 504

-0.37% -0.13% -0.01% -0.01% -0.33% -0.47%

-0.45% 0.83% 0.01% 0.01% 0.98% 1.83%

(B) Invoices excluded from (A) relating to disputed or unrecognised liabilities and claims Number of invoices excluded 8 - - 1 8 17 Total amount of the invoices excluded 14 - - 662 79 (C) Late payment installments Payment periods used for calculating late payment Period of 15 days from invoice posting date

Debit on the 25 th of the month following the invoicing month for the Group. Accounting for invoices outside the Group.

100

Compagnie des Alpes I 2017 Registration Document