Compagnie des Alpes - 2017 Registration Document

5 FINANCIAL INFORMATION

Consolidated financial statements

7.4

NET CASH POSITION

Notes

30/09/2017

30/09/2016

(in thousands of euros)

CASH ASSETS IN THE BALANCE SHEET

6.8

46,848 13,314 33,534

34,813 52,283 -17,470

Bank credit balances and similar

6.11

NET CASH POSITION IN THE STATEMENT OF CASH FLOWS

Note 8

Other disclosures

8.1 RELATED PARTIES The Group considers the following to be related parties: z all fully consolidated companies and associate companies; z the reference shareholder of the company: Caisse des Dépôts; z all members of the Executive Committee and of the Board of Directors, together with close family members. 8.1.1 Fully consolidated companies and associate companies Dealings between the parent company and its subsidiaries, joint ventures and associate companies are detailed in Note 4.2. Transactions between the parent company and its controlled subsidiaries are eliminated in consolidation and therefore not detailed in this Registration Document. The operating income of Compagnie des Alpes SA comes mainly from services provided to its subsidiaries as part of agreements freely concluded under normal conditions. The role of Compagnie des Alpes SA within the Group is presented in Chapter 5, Section 5.2.1. At 30 September 2017, outstanding financial claims of CDA Financement, a subsidiary of Compagnie des Alpes, towards the controlled companies totalled €259.8 million. Outstanding controlled company investments with CDA Financement stood at €171.8 million. Associate entities Cash flows between Compagnie des Alpes and associate entities are insignificant. 8.1.2 Caisse des Dépôts et Consignations (CDC) Futuroscope : In January 2011, under the preliminary agreements signed in October 2010 in conformity with the partnership approach desired by all the parties, Compagnie des Alpes became the reference shareholder of Futuroscope, along with the Vienne department and CDC, which is also a direct and indirect shareholder. This partnership described in the 2011 Registration Document (page 176) continued to flourish in 2016/2017.

Licensing : The licensing agreement for the use of the corporate names “Caisse des Dépôts et Consignations” and “Groupe Caisse des Dépôts,” which was authorised in 2005, continues normally. The licence represents 0.2 % of consolidated annual revenue, weighted according to the percentage of share capital held by Caisse des Dépôts in Compagnie des Alpes at 1 January of each fiscal year. The resulting expense for the year was €575 thousand. 8.1.3 Members of the Executive Committee and of the Board of Directors Foncière Rénovation Montagne : company founded in April 2013 by Caisse des Dépôts, Banque Populaire des Alpes, Caisse d’Epargne Rhône Alpes, Crédit Agricole des Savoie and CDA, dedicated to financing the renovation of mountain tourist accommodation. The purpose of this real estate company is to invest in local real estate in order to acquire ageing accommodation, renovate it and renew its appeal. These accommodation facilities are then put back on the rental market for sale in the medium term for leasing purposes, in order to keep them on the market. The goal is to create a knock-on effect on the other stakeholders to create virtuous dynamics of growth for the mountain economy. Compensation awarded to members of the Executive Committee and the Board of Directors Total compensation made to principal executives for their Group activities as stipulated in IAS 24.16 are as follows:

FY 2016/2017 (in thousands of euros) Board of Directors Group Executive Committee

6,320 2,714 1,576 1,138

Short-term benefits P Salary components

P Other short-term components

Post-employment benefits

570

End of work contract packages*

2,940

Share-based payments

96

* Set on the basis of theoretical maxima.

131

Compagnie des Alpes I 2017 Registration Document