Altamir - Registration Document 2016
3
FINANCIAL STATEMENTS Statutory financial statements
3.2 CAPITAL TRANSACTIONS
3.2.1 Income
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
Capital gains on sale of equity investments/portfolio investments
52,184 16,637 16,833 85,653
7,446
79,066 24,320
Reversals of provisions
40,085 36,552 84,083
Other income
6,957
TOTAL
110,343
3.2.2 Expenses
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
Losses on the sale of portfolio investments
3,787 15,886
1
2,572 17,568 1,607 21,747
Provisions for impairment
37,022
Other expenses
160
0
TOTAL
19,834
37,023
The other expenses of €1,607k relate to the reversal of accrued interest on the payment of the Maisons du Monde receivable.
3.2.3 Corporation tax The Company opted for the status of SCR ( société de capital risque ) as of the financial year ended 31 December 1996. The legislation on SCRs applicable as of 2001 exempts all income from corporation tax.
3.2.4 Extraordinary expenses
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
EXTRAORDINARY EXPENSES
49
118
52
3.2.5 Extraordinary income
31/12/2014
31/12/2015
31/12/2016
(in thousands of euros)
EXTRAORDINARY INCOME
97
142
98
NOTE 4 Other information
4.1
EMPLOYEES
The Company has positive retained earnings of €62,468, which correspond to the non-distributed income for the financial years 2011, 2012, 2013 and 2014 and to the 2015 dividend on treasury shares. The general partner and the Class B shareholders therefore have the right to receive a portion of distributable earnings, calculated in accordance with the method presented in paragraph 25 of the Company’s Articles of Association, specifically €15,268,690.
The Company has no employees, and no stock option plan in place.
4.2 RIGHTS OF THE GENERAL PARTNER AND CLASS B SHAREHOLDERS
The Company generated net income of €79,331,453.70 in 2016.
140 REGISTRATION DOCUMENT 1 ALTAMIR 2016
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