Altamir - Registration Document 2016
FINANCIAL STATEMENTS
Consolidated financial statements
NOTE 7 Investment portfolio
Changes in the portfolio during the year were as follows:
Portfolio
(in euros)
FAIR VALUE AS OF 31 DECEMBER 2015
686,474,417
Investments
194,035,316 13,821,052 -193,907,477 167,372,425 874,582,756 197,882,083 -23,722,636 6,787,022
Changes in shareholder loans
Divestments
Changes in fair value
Cancellation of other financial assets FAIR VALUE AS OF 31 DECEMBER 2016 Of which positive changes in fair value Of which negative changes in fair value
Changes in the Level 3 investment portfolio during the year were as follows:
Portfolio
(in euros)
FAIR VALUE AS OF 31 DECEMBER 2015
35,007,687
Acquisitions Divestments
3,972,949
3
-
Change of category from Level 3 to Level 2
-11,113,807 5,241,967 33,108,795
Changes in fair value
FAIR VALUE AS OF 31 DECEMBER 2016
Changes in the Level 2 investment portfolio during the year were as follows:
Portfolio
(in euros)
FAIR VALUE AS OF 31 DECEMBER 2015
376,976,478
Acquisitions Divestments
203,352,136 -165,062,345 68,859,464
Change of category from Level 1 to Level 2 Change of category from Level 3 to Level 2
11,113,807
Changes in fair value
149,287,942 644,527,483
FAIR VALUE AS OF 31 DECEMBER 2016
Valuation methods are based on the determination of fair value as described in paragraph 6.4.
31/12/2016
31/12/2015
% of listed instruments in the portfolio
26.0% 28.8%
40.0% 40.4%
% of listed instruments in NAV
Portfolio breakdown according to the degree of maturity of the investments:
31/12/2016
31/12/2015
(in euros)
STAGE OF DEVELOPMENT LBO
751,528,208 123,054,547 874,582,756
583,601,380 102,873,037 686,474,417
Growth capital
PORTFOLIO TOTAL
115
REGISTRATION DOCUMENT 1 ALTAMIR 2016
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