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FINANCIAL STATEMENTS
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Statutory financial statements
1.1.2 Other events
Altamir has available short-term credit lines of €39m. No credit
lines had been drawn as of the balance sheet date. It should be
noted that, as an SCR, Altamir’s debt may not exceed 10% of its
net asset value,
i.e.
€57m as of 31 December 2016.
During 2016, Altamir committed to invest the following amounts
over the next three to four years:
€138m through the Apax IX LP fund;
between €220m and €300m through the Apax France IX-B
fund.
1.2
KEY EVENTS SINCE 31 DECEMBER 2016
Altamir sold its direct stake in Unilabs in early February 2017,
receiving €41m from the transaction.
Apax Partners LLP announced its purchase of Unilabs through its
Apax IXLP fund inearlyFebruary2017. This transaction represents
an investment of around €9m for Altamir.
A portion of the proceeds from the sale of Mobsat group
holding (Vizada) had been placed in escrow by Chrysaor and
the managers’ holding companies. Altamir’s share of the escrow
balance was €9,666,771 as of 31 December 2011, based on a €/$
exchange rate of 1.2939. Altamir recognised €2,394,636 of this
escrowbalance as a receivable fromChrysaor. The first instalment,
of one-thirdof the escrowbalance, was releasedafter 6months, in
June 2012. The second instalment was released inDecember 2014
and paid in January 2015. The last instalment of €4,936,127 was
released in December 2016 and paid in January 2017.
The Apax VIII LP fund announced two divestments at the
beginning of the year, Chola andGlobalLogic (partial sale), which
are expected to represent around €5m for Altamir.
1.3
DISTRIBUTION OF DIVIDENDS
The dividend paid to the limited shareholders in 2016 for the
financial year 2015 was €0.56 per ordinary share outstanding
(excluding treasury shares), for a total of €20,446,888.56. In
addition, dividends stipulated in the Articles of Association of
€580,175 and €5,221,576 were paid to the general partner and to
the holders of Class B shares respectively, for the financial year
2015. The total sumdistributed in 2016 for the financial year 2015
therefore amounted to €26,248,639.56.
1.4
CHANGES IN SHAREHOLDERS’ EQUITY
(in thousands of euros)
Share capital
Share
premiums
Reserves
Retained
earnings
Net income
for the year
Total
SHAREHOLDERS’ EQUITY AS OF 31/12/15
219,260 107,761
151,420
47
38,186 516,674
2016 net income/loss
79,331
79,331
Allocation of 2015 net income/loss
11,938
-38,186
-26,248
Allocation of 2015 net income/loss –
treasury shares
15
15
SHAREHOLDERS’ EQUITY AS OF 31/12/16
219,260 107,761
163,358
62
79,331
569,772
31/12/2014
31/12/2015
31/12/2016
Number of ordinary shares
36,512,301
36,512,301
36,512,301
(1)
Par value of ordinary shares
6
6
6
AMOUNT IN EUROS
219,073,806 219,073,806 219,073,806
Number of Class B preferred shares
18,582
18,582
18,582
(2)
Par value of Class B preferred shares
10
10
10
AMOUNT IN EUROS
185,820
185,820
185,820
TOTAL
219,259,626 219,259,626 219,259,626
(1) Including 16,632 held in treasury by Altamir.
(2) Including 12,164 held in treasury by Altamir.
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REGISTRATION DOCUMENT
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ALTAMIR 2016