Altamir - 2018 Registration document

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Financial statements

Consolidated financial statements

NOTE 11 Shareholders’ equity

The number of shares outstanding for each of the categories is presented below:

31 December 2018

31 December 2017

Ordinary Shares

Class B shares Ordinary Shares

Class B shares

(in number of shares)

Shares outstanding at start of year Shares outstanding at end of year

36,512,301 36,512,301

18,582 18,582 12,164

36,512,301 36,512,301

18,582 18,582 12,164

Shares held in treasury

40,000

19,139

Shares outstanding at end of year

36,472,301

6,418

36,493,162

6,418

NAV PER OUTSTANDING SHARE (CONS. SHAREHOLDERS’ EQUITY/NUMBER OF ORDINARY SHARES)

21.74

21.56

31 December 2018

31 December 2017

Ordinary Shares

Class B shares

Ordinary Shares

Class B shares

Total

Total

(in euros)

Par value at end of year

6.00

10.00

6.00

10.00

SHARE CAPITAL

219,073,806

185,820 219,259,626 219,073,806

185,820 219,259,626

The dividend paid to the limited shareholders in 2018 for the financial year 2017 was €0.65 per ordinary share outstanding (excluding treasury shares). The NAV per outstanding ordinary share (excluding treasury shares) was €21.74 as of 31 December 2018 (€21.56 per share as of 31 December 2017).

NOTE 12 Provision for carried interest of general partner and Class B shareholders

The change in the amount attributable to the general partner and Class B shareholders during the year is detailed below:

2018

2017

(in euros)

At opening

29,694,928 -11,817,703 -7,720,309 10,156,916

44,010,653 -15,268,690

Amount paid during the financial year

Amount attributable to general partner and Class B shareholders on earnings of the financial year AMOUNT ATTRIBUTABLE TO GENERAL PARTNER AND CLASS B SHAREHOLDERS

952,966

29,694,928

NOTE 13 Carried interest provision for Apax funds

This provision of €59.8m relates to unrealised capital gains owing to holders of carried interest in Apax France VIII-B, Apax France IX- B, Apax VIII LP and Apax IX LP of €41.8m, €6.6m, €8.3m and €3m, respectively, based on these funds’ performance. These liabilities are due in more than one year.

122 Registration document ALTAMIR 2018

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