Altamir - 2018 Registration document

Financial statements

Consolidated financial statements

NOTE 23 Earnings per share

The weighted average number of shares outstanding reflects the exclusion of treasury shares.

Basic earnings per share

31 December 2018

31 December 2017

Numerator (in euros) INCOME FOR THE YEAR ATTRIBUTABLE TO ORDINARY SHAREHOLDERS

30,306,225

20,888,547

Denominator Number of shares outstanding at start of year

36,512,301

36,512,301

Effect of treasury shares

-28,542

-18,572

3

Effect of capital increase WEIGHTED AVERAGE NUMBER OF SHARES DURING THE YEAR (BASIC)

36,483,759

36,493,729

Earnings per share (basic) Earnings per share (diluted)

0.83 0.83

0.57 0.57

NOTE 24 Related parties

In accordance with IAS 24, related parties are as follows:

SHAREHOLDERS

24.2 ASSOCIATED ENTERPRISES

24.1

Amboise Partners SA, as the investment advisor, and Altamir Gérance, as the Management Company, invoiced the Company for total fees of €7,345,015 including tax in 2018 (€7,597,789 including tax in 2017). The amount remaining payable as of 31 December 2018 was €1,489,781 (€104,808 as of 31 December 2017). The amount remaining receivable as of 31 December 2018 was €218,769 (€238,884 as of 31 December 2017).

A significant influence is presumed when the equity interest of the Company exceeds 20%. They constitute related parties. The closing balances and transactions for the year with these companies are presented below:

31 December 2018

31 December 2017

(in euros)

Income statement Valuation differences on divestments during the year

-17,146,481 42,508,985

-4,205,167 22,852,148

Changes in fair value Other portfolio income

-

-

Balance sheet

31/12/2018

31/12/2017

Investment portfolio Sundry receivables

408,615,831

394,829,400

-510

-

24.3 SENIOR MANAGEMENT

Attendance fees paid in 2018 to members of the Supervisory Board with respect to 2017 totalled €288,000.

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ALTAMIR 2018

Registration document