Altamir - Registration Document 2016
FINANCIAL AND LEGAL INFORMATION Analysis and comments on the financial year
CONSOLIDATED (IFRS) BALANCE SHEET
2016
2015
2014
(in thousands of euros) Total non-current assets
1
875,162 79,846
697,392 47,095 744,487 679,281
555,148
Total current assets TOTAL ASSETS
75,150
955,008 789,503
630,297 585,826
Total shareholders’ equity
Amount attributable to general partner and Class B shareholders
44,011 34,048 87,447
39,143 16,399 9,663
28,850
Other non-current liabilities
10,159 5,462
Other current liabilities
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
955,008
744,487
630,297
The change in non-current assets, composed of the total of equity investments held, directly or through the Apax France VIII, Apax VIII LP, Apax France IX andApax IX LP funds, resulted principally fromdivestments, investments and value creation in portfolio companies. The change in shareholders’ equity for the year was as follows:
(in thousands of euros) Shareholders’ equity as of 31 December 2015 Consolidated (IFRS) earnings for the period
679,281 129,020
Transactions on treasury shares
207
Other adjustments
1,426
Distribution of dividends to holders of Class A shares SHAREHOLDERS’ EQUITY AS OF 31 DECEMBER 2016
-20,432 789,503
THE COMPANY’S STATUTORY EARNINGS
Statutory net income for the financial year 2016 was €79.3m, compared with net income of €38.2m for 2015. Accordingly, at their 28April 2017 General Meeting, shareholders will be asked to approve the statutory earnings for the year ended 31 December 2016, showing a profit of €79,331,454.
Due to the specific nature of its business, the Company does not post sales revenues. Statutory net income is not representative of the quality of Altamir’s portfolio, nor of its performance. This is because, in contrast to IFRS, the statutory statements reflect impairment recognised against securities held, but not unrealised capital gains.
This item breaks down as follows:
2016 -9,310 88,596
2015
2014
(in thousands of euros)
Income from revenue transactions Income from capital transactions
-8,899 47,060
-9,853 65,819
Extraordinary income Extraordinary expenses
98 52
142
97 49
118
Purchases and other external expenses NET INCOME
79,331
38,186
56,015
63
REGISTRATION DOCUMENT 1 ALTAMIR 2016
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