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FINANCIAL STATEMENTS
3
Consolidated financial statements
NOTE 25
Earnings per share
The weighted average number of shares outstanding reflects the exclusion of treasury shares.
Basic earnings per share
31/12/2016
31/12/2015
Numerator
(in euros)
INCOME FOR THE YEAR ATTRIBUTABLE TO ORDINARY SHAREHOLDERS
129,019,766
111,772,650
Denominator
Number of shares outstanding at start of year
36,512,301
36,512,301
Effect of treasury shares
-28,020
-33,587
Effect of capital increase
-
-
WEIGHTED AVERAGE NUMBER OF SHARES DURING THE YEAR (BASIC)
36,484,281
36,478,714
Earnings per share (basic)
3.54
3.06
Earnings per share (diluted)
3.54
3.06
NOTE 26
Related parties
In accordance with IAS 24, related parties are as follows:
26.1 SHAREHOLDERS
Apax Partners SA, as the investment advisor, andAltamir Gérance
as the Management Company invoiced the Company for total
fees of €6,949,859 including tax in 2016 (€8,419,441 including
tax in 2015).
The amount remaining payable as of 31 December 2016 was
€93,742 (€20,280 as of 31 December 2015). No amount remained
receivable as of 31 December 2016 (€97,114 as of 31 December
2015).
26.2 ASSOCIATED ENTERPRISES
A significant influence is presumed when the equity interest of
the Company exceeds 20%.
Investments subject to significant influence are not accounted for
by the equitymethod, as allowedunder IAS28, but they constitute
relatedparties. The closingbalances and transactions for the year
with these companies are presented below:
(in euros)
31/12/2016
31/12/2015
Income statement
Valuation differences on divestments during the year
-4,726,025
-
Changes in fair value
112,445,489
37,252,893
Other portfolio income
-
-
Balance sheet
31/12/2016
31/12/2015
Investment portfolio
468,573,503
295,305,987
Sundry receivables
2,394,636
2,394,636
26.3 SENIOR MANAGEMENT
Attendance fees paid in 2016 to members of the Supervisory Board with respect to 2015 totalled €260,000.
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REGISTRATION DOCUMENT
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ALTAMIR 2016