Altamir - Registration Document 2016

FINANCIAL STATEMENTS

Consolidated financial statements

The portfolio’s exposure by currency was as follows:

31/12/2016 Investment portfolio Sundry receivables Canadian dollars (CAD) Canadian dollars (CAD)

Assets in euros

2,081,758

Liabilities Net position before management Off-balance-sheet position Net position after management

2,081,758

0

2,081,758 208,176

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Sundry receivables US dollars (USD) US dollars (USD)

Assets in euros

38,138,228

2,394,636

Liabilities Net position before management Off-balance-sheet position Net position after management

38,138,228

2,394,636

38,138,228 3,813,823

2,394,636 239,464

3

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Sundry receivables Hong Kong dollars (HKD) Hong Kong dollars (HKD)

Assets in euros

519,151

Liabilities Net position before management Off-balance-sheet position Net position after management

519,151

0

519,151 51,915

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Sundry receivables Indian rupee (INR) Indian rupee (INR)

Assets in euros

4,419,272

Liabilities Net position before management Off-balance-sheet position Net position after management

4,419,272

0

4,419,272 441,927

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

Investment portfolio Sundry receivables Norwegian krone (NOK) Norwegian krone (NOK)

Assets in euros

8,140,000

Liabilities Net position before management Off-balance-sheet position Net position after management

8,140,000

0

8,140,000 814,000

0 0

IMPACT IN EUROS OF A 10% CHANGE IN THE EXCHANGE RATE

121

REGISTRATION DOCUMENT 1 ALTAMIR 2016