ALTAMIR_REGISTRATION_DOCUMENT_2017
3
FINANCIAL STATEMENTS Statutory financial statements
Other accrued income As part of the sale of BuyWay toChenavari Investment Managers, two potential earn-outs based on insurance revenues may be received. Altamir has asked Chenavari Investment Managers to pay the first earn-out.
The pledged securities cover 150%of the amounts granted based on the valuation of the units in the Apax France VIII-B fund as of 31 December 2016. Securities pledged to LCL Bank (banking pool with LCL, BNP, Neuflize OBC, HSBC and Palatine Bank): As of 31 December 2017, 6,141,732,283 A units in the Apax France VIII-B fund and one A unit in the Apax France IX-B fund were pledged to the banking pool against a credit line of €52m, drawn down by €1m as of 31 December 2017. The pledged securities cover 150%of the amounts granted based on the valuation of the units in the Apax France VIII-B fund as of 31 December 2016.
Pledged securities: Securities pledged to Transatlantique Bank:
As of 31 December 2017, 1,111,111,112Aunits in theApax FranceVIII-B fund were pledged against a credit line of €8m, drawn down by €7.98m as of 31 December 2017.
NOTE 3 Notes relating to certain income statement items
REVENUE OPERATIONS
3.1
3.1.1 Financial income
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Income from cash investments
3,006
1,136
253
Net income from the sale of marketable securities
6 0 0
0 0 0
0 0 0
Other financial income Reversals of provisions
TOTAL
3,011
1,136
253
3.1.2 Financial expenses
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Interest and similar expenses Net expenses from the sale of
112
201
15
0
0
0
marketable securities Provisions
0
0
0
TOTAL
113
201
15
Interest amounts primarily corresponded to interest paid on the drawn credit lines during the year.
3.1.3 Other purchases and external expenses
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Altamir Gérance management fees
8,419 2,247
6,950 2,247 9,197
7,598 2,423
Other expenses
TOTAL
10,666
10,021
144 REGISTRATION DOCUMENT
• ALTAMIR 2017
www.altamir.fr
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