Altamir - Registration Document 2016
3
FINANCIAL STATEMENTS Statutory financial statements
Other accrued income As part of the divestment of Buy Way to Chenavari Investment Managers, two potential earn-outs based on insurance revenues may be received. Altamir has asked Chenavari Investment Managers to pay the first earn-out. Pledged securities Securities pledged to Banque Transatlantique: As of 31 December 2016, 797,872,341 A units in the Apax France VIII-B fund were pledged to Banque Transatlantique: against a credit line of €5m, undrawn as of 31 December 2016.
The pledged securities cover 150%of the amounts grantedbased on the valuation of the units in the Apax France VIII-B fund as of 23 December 2014. Securities pledged to LCL Bank (banking pool with Société Générale, BNP and Banque Palatine): As of 31 December 2016, 4,811,320,755Aunits in the Apax France VIII-B fund were pledged to LCL Bank: against a credit line of €34m, undrawn as of 31 December 2016. The pledged securities cover 150%of the amounts grantedbased on the valuation of the units in the Apax France VIII-B fund as of 31 December 2014.
NOTE 3 Notes relating to certain income statement items
3.1
REVENUE OPERATIONS
3.1.1 Financial income
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
Income from cash investments
1,418
3,006
1,136
Net income from the sale of marketable securities
20
6 0 0
0 0 0
Other financial income Reversals of provisions
14
0
TOTAL
1,453
3,011
1,136
3.1.2 Financial expenses
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
Interest charges and similar
101
112
201
Net expenses from the sale of marketable securities
0 0
0 0
0 0
Provisions
TOTAL
101
113
201
Interest amounts primarily corresponded to interest paid on the drawn credit lines during the year.
3.1.3 Other purchases and external expenses
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
Altamir Gérance management fees
8,428 1,860
8,419 2,247
6,950 2,247 9,197
Other expenses
TOTAL
10,288
10,666
138 REGISTRATION DOCUMENT 1 ALTAMIR 2016
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