Compagnie des Alpes - 2017 Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

The investments for the year mostly represent the rights on cinematographic films and works (of about €0.5 million) in Futuroscope, the purchase and development of new software at the Group level amounting to €1.5 million and intangible assets in progress amounting to €4.1 million and €0.5 million for other intangible assets.

The recoverable amount of the Grévin trademark and the Walibi brand is tested annually as part of the impairment testing of goodwill, based on the value in use of the Leisure destinations segment. The column “Change of scope” takes into account Fort Fun asset retirements. The principles that apply to the amortisation of intangible assets are detailed in Note 1.12.

6.3 PROPERTY, PLANT, AND EQUIPMENT (DIRECTLY-OWNED AND CONCESSION) Property, plant and equipment break down as follows:

Changes in the scope of consolidation Other

At 30/09/2017

At 30/09/2016 Acquisitions Disposals Increases Reversals

(in thousands of euros)

Gross amount Land and improvements Ski run and trail works

48,675

352

-93 -18

-637

83

48,380

119,039 151,869 361,893 810,744 378,684 126,434 89,227 59,824 40,700

1,045 1,035

2,924 122,990

Snow-making

-7

5,615

158,512 381,651 836,015

Buildings, offices, shops, other spaces

22,301 -3,302 7,983 -9,124 5,504 -4,939 19,798 -1,344 10,132 -2,964 3,785 -1,978

-1,565 2,325

Ski lifts

26,413

Grooming machines

1,869

43,134

Rides

-12,451 8,771

393,459 141,701

Materials and equipment

8,099

Other items of property, plant and equipment Property, plant and equipment in progress

-2,011

709

89,733 93,715

90,708

-86

-165 -56,566

Advances and down-payments on non-current assets SUBTOTAL: GROSS AMOUNT Amortisation, depreciation Land and improvements

2,573

1,997

-1,826

2,744

2,189,661 164,641 -23,855

-16,829 -1,584 2,312,034

-18,694 -55,842 -102,652 -219,575 -474,449 -26,693 -198,090 -141,526 -29,499

-1,172 -3,487 -6,993

11

5

-19,850 -59,326 -109,611

Ski run and trail works

3

Snow-making

35

-1

Buildings, offices, shops, other spaces

-14,885 2,986 -33,076 9,031 -6,015 4,074

986 1,330 -229,158

Ski lifts

-498,494 -28,634 -217,319

Grooming machines

Rides

-30,046

979

9,733 105

Materials and equipment

-15,188 2,950 -11,156 2,628 -122,018 22,697

41,032 -112,732

Other items of property, plant and equipment

1,581 -42,641

-79,087

SUBTOTAL: DEPRECIATION

-1,267,021

12,305 -175 -1,354,212 -4,524 -1,758 957,822

NET AMOUNT

922,640 164,641 -23,855 -122,018 22,697

Gross amount of directly-owned assets Depreciation of directly-owned assets NET AMOUNT OF DIRECTLY-OWNED ASSETS Gross amount of concession assets Depreciation of concession assets NET AMOUNT OF CONCESSION ASSETS

937,585

83,047 -9,791

-16,829 -1,311

992,702

-564,760

-69,926 8,900

12,305

95 -613,386

372,826 83,047 -9,791 -69,926 8,900

-4,524 -1,215 379,316

1,252,076 -702,262

81,594 -14,064

-273 1,319,333 -270 -740,827 -543 578,506

-52,092 13,797

549,814 81,594 -14,064 -52,092 13,797 922,640 164,641 -23,855 -122,018 22,697

NET AMOUNT

-4,524 -1,758 957,822

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Compagnie des Alpes I 2017 Registration Document