Altamir - Registration Document 2016
FINANCIAL STATEMENTS Statutory financial statements
ANALYSIS OF CHANGE IN PROVISIONS ON EQUITY INVESTMENTS AND RELATED RECEIVABLES
Prov. revers. on divestment
Other prov. revers.
31/12/2014 31/12/2015 Allocations
31/12/2016
(in thousands of euros)
PROVISION
38,937
26,008
5
4,074
0
21,939
The provision reversals are chiefly related to the revaluation of equity investments valued at market prices.
CHANGE IN UNREALISED GAINS NOT RECOGNISED IN THE ANNUAL FINANCIAL STATEMENTS (in thousands of euros) 31/12/2014 31/12/2015
31/12/2016
ESTIMATED VALUE
108,548
211,014
367,014
2.5 OTHER RECEIVABLES
STATEMENT OF CHANGES IN GROSS ACCRUED INTEREST (in thousands of euros)
31/12/2014 31/12/2015
Increases
Reductions
31/12/2016
INTEREST ACCRUED ON RECEIVABLES RELATED TO EQUITY INVESTMENTS
56,269
64,881
12,219
20,215
56,885
3
STATEMENT OF CHANGES IN PROVISIONS ON ACCRUED INTEREST (in thousands of euros) 31/12/2014 31/12/2015
Increases
Reductions
31/12/2016
PROVISIONS ON INTEREST ACCRUED ON RECEIVABLES RELATED TO EQUITY INVESTMENTS
56,269
64,881
12,219
20,215
56,885
The accrued interest on convertible bonds or equivalent securities has been fully written down. The Company has determined that accrued interest is generally included in the acquisition price of third parties and is not paid by the debtor company.
2.6 SUNDRY RECEIVABLES
Sundry receivables primarily include €2.4m of cash due on the divestment of Chrysaor.
2.7 CASH ON HAND
As of 31 December 2016, the balance of cash on hand amounted to €47.4m.
2.8 SHORT-TERM INVESTMENT SECURITIES
2.8.1 Gross values
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
Money-market mutual funds
1,211
0
0
Time deposits and certificates of deposit
49,500
29,000
5,000
Negotiable debt securities Other marketable securities
2,035 18,179
0
0
15,000
15,000 20,000
TOTAL
70,926
44,000
in the statutory statements. However, interest not yet due as of 31 December 2016 on certificates of deposit, time deposits, negotiable debt securities, and tax-efficient capitalisation funds is recognised in accrued interest receivable.
Short-term investment securities are valued at historical cost. Capitalgainsondivestmentsarecalculatedbasedonthedifference between the sale price and theweighted average purchase price. The Company does not recognise any unrealised capital gains
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REGISTRATION DOCUMENT 1 ALTAMIR 2016
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