ANTIN // 2021 Universal Registration Document

FINANCIAL STATEMENTS 6 Notes to the consolidated financial statements

Fair Value

Financial assets

Financial liabilities

Level

Fair value trough profit or loss

Financial assets at amortised costs

Financial liabilites at amortised costs

1

2

3

Financial assets Trade receivables Other current assets Accrued income

26,917

7,899 8,920 6,905 5,922

26,917

Cash and cash equivalents TOTAL FINANCIAL ASSETS

392,558 422,204

26,917

-

-

-

26,917

9,869

Trade payables

Other current liabilities

495

TOTAL FINANCIAL LIABILITIES

-

10,364

-

-

-

-

Equity investments held by Antin are measured at fair value on Level 3, with changes in the fair value recognised in the Consolidated Income Statement.

Equity investments in the Antin Funds are as follows:

31-Dec-2021

31-Dec-2020

(in €k)

24,718

17,904

Antin Infrastructure Partners Co-Invest Feeder SCSp Antin Infrastructure Partners Mid Cap I-C SCSp Antin Infrastructure Partners Co-Invest Feeder Lux GP

40

40

2,146

- -

12

TOTAL ANTIN FUNDS (CO-INVESTMENT)

26,917

17,944

The related fund commitments are presented below:

Committed capital

Investment at cost

Investment at fair value

(in €k)

20,000

17,430

24,718

(1)

Antin Infrastructure Partners Co-Invest Feeder SCSp (1) Antin Infrastructure Partners Mid Cap I-C SCSp (1) Antin Infrastructure Partners Co-Invest Feeder Lux GP

100

40

40

20,000

2,488

2,146

12

12

12

TOTAL ANTIN FUNDS (CO-INVESTMENT)

40,112

19,970

26,917

(1) Capital contribution in SCSp

Reconciliation of level 3 fair values The following table shows a reconciliation of level 3 fair values.

31-Dec-2021

31-Dec-2020

(in €k)

Opening balance

17,944

-

5,759 3,214

1,188

Total gains (losses) in profit or loss

Investments

16,756

Issues

- - - -

- - - -

Settlements

Transfers out of Level 3 Transfers into Level 3

Closing balance

26,917

17,944

Total gains are included in Investment income in the income statement (refer to Note 5.2 “ Carried interest and investment income ”).

Sensitivity analysis of fair values From an Antin perspective, financial investments are normally measured at fair value applying the adjusted net asset value of the investment programs. If the adjusted net asset value would decrease by 5% while all other variables were held constant, the carrying amount would decrease by €1.2 million. The effect would be recognised in Consolidated income statement.

156 ANTIN INFRASTRUCTURE PARTNERS S.A. - UNIVERSAL REGISTRATION DOCUMENT 2021