ALTAMIR_REGISTRATION_DOCUMENT_2017
FINANCIAL STATEMENTS Statutory financial statements
ANALYSIS OF CHANGE IN PROVISIONS ON EQUITY INVESTMENTS AND RELATED RECEIVABLES
Prov. revers. on divestment
Other prov. revers.
31/12/2015 31/12/2016 Allocations
31/12/2017
(in thousands of euros)
PROVISION
26,008
21,939
62
627
3,183
18,192
The provision reversals chiefly related to the revaluation of equity investments valued at market prices.
CHANGE IN UNREALISED GAINS NOT RECOGNISED IN THE ANNUAL FINANCIAL STATEMENTS
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros) ESTIMATED VALUE
3
211,014
367,014
277,052
OTHER RECEIVABLES
2.5
STATEMENT OF CHANGES IN GROSS ACCRUED INTEREST
31/12/2015 31/12/2016
Increases
Reductions
31/12/2017
(in thousands of euros)
INTEREST ACCRUED ON RECEIVABLES RELATED TO EQUITY INVESTMENTS
64,881
56,885
7,260
32,449
31,695
STATEMENT OF CHANGES IN PROVISIONS ON ACCRUED INTEREST
31/12/2015 31/12/2016
Increases
Reductions
31/12/2017
(in thousands of euros)
PROVISIONS ON INTEREST ACCRUED ON RECEIVABLES RELATED TO EQUITY INVESTMENTS
64,881
56,885
7,260
32,449
31,695
The accrued interest on convertible bonds or equivalent securities has been fully written down. The Company has determined that accrued interest is included in the acquisition price of third parties and not paid by the debtor company.
SUNDRY RECEIVABLES
2.6
Sundry receivables consisted of two main items: a receivable due from portfolio funds relating to the total fees invoiced by these funds. At the close of the year, total fees paid to the various funds were higher than the share of fees that should have been borne to date (€8.3m);
accrued income relating to the 3% contribution on dividends. As this tax has been invalidated by the French Constitutional Council, Altamir requested the reimbursement of the amounts paid for the previous three years, amounting to€2.8m, plus the related interest as damages of €190k.
CASH ON HAND
2.7
As of 31 December 2017, the balance of cash on hand amounted to €1.3m.
SHORT-TERM INVESTMENT SECURITIES
2.8
2.8.1 Gross values
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Money-market mutual funds
0
0
0 0 0
Time deposits and certificates of deposit
29 000
5 000
Negotiable debt securities Other marketable securities
0
0
15 000 44 000
15 000 20 000
15 000 15 000
TOTAL
141
• ALTAMIR 2017
REGISTRATION DOCUMENT
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