Compagnie des Alpes - 2017 Registration Document

5 FINANCIAL INFORMATION

Parent-company financial statements

3.8 CHANGE IN SHAREHOLDERS’ EQUITY The change in shareholders’ equity breaks down as follows:

Issue premium and merger

Share capital

Retained earnings Income

Regulated provisions

Shareholders’ equity

premium Reserves

(in thousands of euros)

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2015

185,031

263,018 17,620 69,141 12,763

-

547,573

Appropriation of results

638 12,125 -12,763

-

Dividend payout Capital increase

-9,698

-9,698

332

-332

-

Net income for the period

13,379

13,379

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2016

185,363

263,018 17,926 71,568 13,379

-

551,254

Appropriation of results

1,337 12,042 -13,379

-

Dividend payout Capital increase

-9,718

-9,718

340

-340

-

Net income for the period

2,478

2,478

SHAREHOLDERS’ EQUITY AT 30 SEPTEMBER 2017

185,703

263,018 18,923 73,892 2,478

-

544,014

The Shareholders’ Meeting of 9 March 2017 approved the dividend distribution of €9,718 thousand during the appropriation of income for the reporting period ended 30 September 2016.

3.9

PROVISIONS FOR CONTINGENCIES AND CHARGES

At 30/09/2017

At 30/09/2016

Increase

Decrease

(in thousands of euros)

Provision for non-enforcement of appeal for Fort Fun

120

-

-120 -906

-

Provision for affiliate risks Provision for double rent

1,906

90

1,090

163

-

-93

70

Provision for long-service awards

- -

168 339 530

- -

168 339

Provision for taxes on additional pension plans

Provision for contingencies

3,178

-346

3,362

Provisions for charges

175

-

-26

149

TOTAL

5,542

1,127

-1,491

5,178

Following the disposal of Grévin Deutschland, the receivables and the corresponding provision for risks in the amount of €120 thousand were reversed. The provisions for affiliate risks were adjusted to the amount of recapitalisation carried out during the fiscal year and losses realised by the affiliates in the 2016/2017 fiscal year.

Compagnie des Alpes made a provision of €168 thousand to cover its commitments in terms of long-service awards, as well as a provision to cover the cost of taxes paid on additional pension commitments. Provisions for contingencies are related to identified risks or ongoing disputes. A provision of €0.3 million was made in the 2016/2017 fiscal year to cover the risk of non-recovery of a financial advance granted to a third-party and the corresponding interest.

3.10

FINANCIAL DEBT

At 30/09/2017

At 30/09/2016

Increase

Decrease

(in thousands of euros)

Bonds

300,000

-

-

300,000

Accrued interest not yet due on bonds

10,697

10,671

-10,697

10,671

Bank overdrafts

226

16

-226

16

TOTAL

310,923

10,687

-10,923

310,687

Maturities of the Company’s financial debt break down as follows:

Maturity at less than 1 year

From 1 to 2 years

From 2 to 3 years

From 3 to 4 years

From 4 to 5

Total

years Over 5 years

Borrowings

Bank borrowings

-

-

- - - - -

- - - - -

- - - - -

- - - - -

-

Bonds

300,000

200,000

100,00-

Interest on bonds

10,671

10,671

- -

Bank overdrafts (incl. intra-group)

16

16

TOTAL

310,687

210,687

100,000

144

Compagnie des Alpes I 2017 Registration Document