ALTAMIR_REGISTRATION_DOCUMENT_2017

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FINANCIAL STATEMENTS Statutory financial statements

Short-term investment securities are valued at historical cost. Capital gains on divestments are calculated based on the difference between the sale price and the weighted average purchase price. The Company does not recognise any unrealised capital gains in the statutory statements. However, interest not yet due as of 31 December 2017 on certificates of deposit, time deposits, negotiable debt

securities, and tax-efficient capitalisation funds is recognised in accrued interest receivable. Other current financial assets related to an Allianz tax-efficient capitalisation fund of €15m. The unrealised gain on these investments as of 31 December 2017 was €1.1m. No impairment of short-term investment securities was recognised at the balance sheet date.

Market valueas of 31/12/2017 (in thousands of euros)

Book valuein thousands of euros

Quantity Unit pricein euros

Other marketable securities Allianz

1

15,000

16,086

2.8.2 Provisions for impairment of short-term investment securities No provision was recognised as of 31 December 2017.

PREPAID EXPENSES

2.9

31/12/2015

31/12/2016

31/12/2017

(in thousands of euros)

Prepaid expenses

58

39

31

These consisted primarily of advertising and insurance expenses and commissions.

PROVISIONS FOR RISKS AND CONTINGENCIES

2.10

The provision for risks and contingencies related to potential carried interest on the Apax France VIII-B (€10.5m) and Apax VIII LP (€1.1m) funds.

OTHER FINANCIAL LIABILITIES

2.11

31/12/2015

31/12/2016

31/12/2017

(in thousands of euros) Other financial liabilities

8,541 8,541

34 34

9,063 9,063

TOTAL

Other financial liabilities primarily comprised a bank overdraft of €7.98m and €1m drawn down on a credit line.

2.12 TRADE PAYABLES AND RELATED ACCOUNTS, TAX AND SOCIAL SECURITY LIABILITIES AND OTHER LIABILITIES

31/12/2015

31/12/2016

31/12/2017

(in thousands of euros)

Trade payables

313

303

189

Tax and social security liabilities

0 0

0

0 0

Other liabilities

1

TOTAL

313

304

189

Trade payables (€189k) primarily represented invoices yet to be received for fees to be paid to lawyers, Statutory Auditors and service providers. All of these liabilities are due in less than one year.

142 REGISTRATION DOCUMENT

• ALTAMIR 2017

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