ALTAMIR_REGISTRATION_DOCUMENT_2017

3

FINANCIAL STATEMENTS

Consolidated financial statements

Investment portfolio

Sundry receivables

2016

Canadian dollars (CAD) Canadian dollars (CAD)

Assets in euros

2,081,758

Liabilities Net position before management Off-balance-sheet position Net position after management

2,081,758

0

2,081,758 208,176

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio

Sundry receivables US dollars (USD)

2016

US dollars (USD)

Assets in euros

38,138,228

2,394,636

Liabilities Net position before management Off-balance-sheet position Net position after management

38,138,228

2,394,636

38,138,228 3,813,823

2,394,636 239,464

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Sundry receivables Hong Kong dollars (HKD) Hong Kong dollars (HKD)

2016

Assets in euros

519,151

Liabilities Net position before management Off-balance-sheet position Net position after management

519,151

0

519,151 51,915

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Indian rupee (INR)

Sundry receivables Indian rupee (INR)

2016

Assets in euros

4,419,272

Liabilities Net position before management Off-balance-sheet position Net position after management

4,419,272

0

4,419,272 441,927

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Sundry receivables Norwegian krone (NOK) Norwegian krone (NOK)

2016

Assets in euros

8,140,000

Liabilities Net position before management Off-balance-sheet position Net position after management

8,140,000

0

8,140,000 814,000

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Altamir does not hedge against currency fluctuations, because the foreign exchange impact is notmaterial with respect to the expected gains on the securities in absolute value.

126 REGISTRATION DOCUMENT

• ALTAMIR 2017

www.altamir.fr