138 / 182
WWW.ALTAMIR.FR
FINANCIAL STATEMENTS
3
Statutory financial statements
Other accrued income
As part of the divestment of Buy Way to Chenavari Investment
Managers, two potential earn-outs based on insurance revenues
may be received. Altamir has asked Chenavari Investment
Managers to pay the first earn-out.
Pledged securities
Securities pledged to Banque Transatlantique:
As of 31 December 2016, 797,872,341 A units in the Apax France
VIII-B fund were pledged to Banque Transatlantique:
against a credit line of €5m, undrawn as of 31 December 2016.
The pledged securities cover 150%of the amounts grantedbased
on the valuation of the units in the Apax France VIII-B fund as of
23 December 2014.
Securities pledged to LCL Bank (banking pool with Société
Générale, BNP and Banque Palatine):
As of 31 December 2016, 4,811,320,755Aunits in the Apax France
VIII-B fund were pledged to LCL Bank:
against a credit line of €34m, undrawn as of 31 December
2016.
The pledged securities cover 150%of the amounts grantedbased
on the valuation of the units in the Apax France VIII-B fund as of
31 December 2014.
NOTE 3
Notes relating to certain income statement items
3.1
REVENUE OPERATIONS
3.1.1 Financial income
(in thousands of euros)
31/12/2014
31/12/2015
31/12/2016
Income from cash investments
1,418
3,006
1,136
Net income from the sale of marketable securities
20
6
0
Other financial income
14
0
0
Reversals of provisions
0
0
0
TOTAL
1,453
3,011
1,136
3.1.2 Financial expenses
(in thousands of euros)
31/12/2014
31/12/2015
31/12/2016
Interest charges and similar
101
112
201
Net expenses from the sale of marketable securities
0
0
0
Provisions
0
0
0
TOTAL
101
113
201
Interest amounts primarily corresponded to interest paid on the drawn credit lines during the year.
3.1.3 Other purchases and external expenses
(in thousands of euros)
31/12/2014
31/12/2015
31/12/2016
Altamir Gérance management fees
8,428
8,419
6,950
Other expenses
1,860
2,247
2,247
TOTAL
10,288
10,666
9,197
138
REGISTRATION DOCUMENT
1
ALTAMIR 2016