Altamir - 2018 Registration document

3

Financial statements

Statutory financial statements

2.8.2 Provisions for impairment of short-term investment securities No provision was recognised as of 31 December 2018.

PREPAID EXPENSES

2.9

31/12/2016

31/12/2017

31/12/2018

(in thousands of euros)

Prepaid expenses

39

31

34

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 (€11.3m) and Apax VIII LP (€4.1m) funds.

OTHER FINANCIAL LIABILITIES

2.11

31/12/2016

31/12/2017

31/12/2018

(in thousands of euros) Other financial liabilities

34 34

9,063 9,063

33,422 33,422

TOTAL

Other financial liabilities primarily comprised €33.3m drawn down on a credit line.

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

31/12/2016

31/12/2017

31/12/2018

(in thousands of euros)

Trade payables

303

189

1,760

Tax and social security liabilities

0

0

0

Other liabilities

1

24,736 24,926

70,020 71,780

TOTAL

304

Trade payables (€1,760k) primarily represented invoices yet to be received for fees to be paid to the Management Company, lawyers and Statutory Auditors and fees for services rendered. Other liabilities related to the most recent investments made by the Apax funds for which capital calls have not yet been made. All of these liabilities are due in less than one year.

OFF-BALANCE-SHEET COMMITMENTS

2.13

SUMMARY OF OBLIGATIONS AND COMMITMENTS

Payments due by period

Total 31/12/2017

Total 31/12/2018

Less than one year

One to five years

More than five years

Contractual obligations

Lease-financing obligations Operating leases Irrevocable purchase obligations (investment commitments) Other long-term obligations (liability guarantees and other)

326,502,093

259,410,117 106,263,727

153,146,391

TOTAL

326,502,093 259,410,117 106,263,727 153,146,391

0

The above presentation shows all off-balance-sheet commitments according to accounting standards currently in force.

142 Registration document ALTAMIR 2018

www.altamir.fr