Compagnie des Alpes - 2017 Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

SHAREHOLDERS’ EQUITY (MINORITY INTEREST)

Total shareholders’ equity

Consolidated reserves

Net income for the period

(in thousands of euros)

POSITION AT 30 SEPTEMBER 2015

43,064

4,922 -4,922

47,986

Appropriation of earnings for the prior reporting period Dividend payout to non-controlling interests in subsidiaries

4,922

-

-4,126

-4,126 6,886

Non-controlling interests in earnings

6,886

Other changes

-306

-306

POSITION AT 30 SEPTEMBER 2016

43,554 6,886 -4,257

6,886

50,441

Appropriation of earnings for the prior reporting period Dividend payout to non-controlling interests in subsidiaries

-6,886

-

-4,257

Non-controlling interests in earnings

8,581

8,581

Other changes

158

158

POSITION AT 30 SEPTEMBER 2017

46,343

8,581

54,924

5.3.2 ADDITIONAL NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

C NTENT DETAILLED

NOTE 1 ACCOUNTING PRINCIPLES AND POLICIES

105

NOTE 5 INFORMATION ON THE CONSOLIDATED INCOME STATEMENT

116

113

NOTE 2 MANAGEMENT OF CAPITAL AND RISKS

NOTE 6 INFORMATION ON THE CONSOLIDATED BALANCE SHEET

119

NOTE 3 STRUCTURE OF THE COMPAGNIE DES ALPES GROUP

114

NOTE 7 INFORMATION ON THE STATEMENT OF CASH FLOWS

130

NOTE 4 SCOPE OF CONSOLIDATION

114

NOTE 8 OTHER DISCLOSURES

131

Group overview The Compagnie des Alpes Group’s main business activity is the operation of leisure facilities. It operates mainly in Ski areas and Leisure parks. The Group’s parent company is Compagnie des Alpes, whose headquarters are located at 50-52 boulevard Haussmann, 75009 Paris.

The full-year 2016/2017 consolidated financial statements were approved by the Board of Directors on 7 December 2017, which authorised their publication. Figures are in thousands of euros, unless otherwise indicated.

Note 1

Accounting principles and policies

The main accounting policies applied in the preparation of the consolidated financial statements are outlined below. Unless otherwise indicated, they are applied consistently across all reporting periods presented. In application of EU regulation 1606/2002 of 19 July 2002 on international accounting standards, the annual consolidated financial statements of the Compagnie des Alpes Group for the reporting period ended 30 September 2017 were drawn up in conformity with the international financial reporting standards (IAS/IFRS), as adopted by the European Union at 30 September 2017, and in accordance with the historical cost convention, with the exception of certain financial assets and liabilities, which were valued at their fair value, as required under IFRS.

The standards whose application is mandatory from 1 October 2016 did not have a significant impact on the Group’s consolidated financial statements. The Group chose not to apply any new standard, interpretation and amendment to existing standards applicable to periods beginning after 1 st January 2017 The application of the IFRS 9 standard on financial instruments will not have a significant impact on the Group’s consolidated financial statements. The IFRS 15 standard on recognition of revenue is applicable, for the Compagnie des Alpes Group, at 30 September 2019. It will have an impact mainly on contracts in the consulting business, the limited number whereof allows a case-by-case analysis. The Group does not expect any major impact on its annual revenue.

105

Compagnie des Alpes I 2017 Registration Document