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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