Altamir - Registration Document 2016

FINANCIAL STATEMENTS

Consolidated financial statements

3.1.5 STATEMENT OF CASH FLOWS

31/12/2016 12 months -194,035,316 -22,440,323

31/12/2015 12 months -31,395,206 -11,990,583

Note

(in euros)

Investments

Shareholder loans granted to portfolio companies Shareholder loans repaid by portfolio companies

8,619,271

9,104,796

TOTAL INVESTMENTS

-207,856,368

-34,280,994

Divestment of equity investments

205,040,489

29,789,652

Interest and other portfolio income received

102,891

60,413

Dividends received Operating expenses

1,350,373

18,461,104 -18,834,431 1,185,044 -3,619,212 -18,243,464 4,935,385

-20,789,752

Income received on marketable securities CASH FLOWS FROM OPERATING ACTIVITIES

818,808

-21,333,560 -20,432,108

Dividends paid to ordinary shareholders

AARC investment

5,246 71,514

Apax France VIII-B capital calls Apax France IX-B capital calls Deposits and security deposits Transactions on treasury shares

5,251

303,031 -63,000

0 0

0

-121,640

3

Amount attributable to the general partner and Class B shareholders

-5,801,751

-11,104,891 -2,000,000 8,800,000 -17,729,358 -21,348,570 51,341,900 29,993,330

Repayment of borrowings

-8,800,000 84,247,936 49,530,868 28,197,309 29,993,330 58,190,639

Issue of borrowings

CASH FLOWS FROM FINANCING ACTIVITIES NET CHANGE IN CASH AND CASH EQUIVALENTS

Cash and cash equivalents at opening

CASH AND CASH EQUIVALENTS AT CLOSING

6.12

105

REGISTRATION DOCUMENT 1 ALTAMIR 2016