ALTAMIR_REGISTRATION_DOCUMENT_2017

FINANCIAL STATEMENTS Consolidated financial statements

NOTE 25 Earnings per share

The weighted average number of shares outstanding reflects the exclusion of treasury shares.

Basic earnings per share

31/12/2017

31/12/2016

Numerator (in euros) INCOME FOR THE YEAR ATTRIBUTABLE TO ORDINARY SHAREHOLDERS

20,888,547

129,019,766

Denominator Number of shares outstanding at start of year

36,512,301

36,512,301

Effect of treasury shares Effect of capital increase

-18,572

-28,020

-

3

WEIGHTED AVERAGE NUMBER OF SHARES DURING THE YEAR (BASIC)

36,493,729

36,484,281

Earnings per share (basic) Earnings per share (diluted)

0.57 0.57

3.54 3.54

NOTE 26 Related parties

In accordance with IAS 24, related parties are as follows:

The amount remaining payable as of 31 December 2017 was €104,808 (€93,742 as of 31 December 2016). The amount remaining receivable as of 31 December 2017 was €238,884 (€0 as of 31 December 2016).

SHAREHOLDERS

26.1

Amboise Partners SA, as the investment advisor, and Altamir Gérance as the Management Company invoiced the Company for total fees of €7,597,789 including tax in 2017 (€6,949,859 including tax in 2016).

26.2 ASSOCIATED ENTERPRISES

A significant influence is presumed when the equity interest of the Company exceeds 20%.

Investments subject to significant influence are not accounted for by the equity method, as allowed under IAS 28, but they constitute related parties. The closing balances and transactions for the year with these companies are presented below:

31/12/2017

31/12/2016

(in euros)

Income statement Valuation differences on divestments during the year

-4,205,167 22,852,148

-4,726,025 112,445,489

Changes in fair value Other portfolio income

-

-

Balance sheet

31/12/2017 394,829,400

31/12/2016 468,573,503

Investment portfolio Sundry receivables

-

2,394,636

26.3 SENIOR MANAGEMENT

Attendance fees paid in 2017 to members of the Supervisory Board with respect to 2016 totalled €249,970.

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• ALTAMIR 2017

REGISTRATION DOCUMENT