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FINANCIAL AND LEGAL INFORMATION
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Analysis and comments on the financial year
CONSOLIDATED (IFRS) BALANCE SHEET
(in thousands of euros)
2016
2015
2014
Total non-current assets
875,162
697,392
555,148
Total current assets
79,846
47,095
75,150
TOTAL ASSETS
955,008
744,487
630,297
Total shareholders’ equity
789,503
679,281
585,826
Amount attributable to general partner and Class B shareholders
44,011
39,143
28,850
Other non-current liabilities
34,048
16,399
10,159
Other current liabilities
87,447
9,663
5,462
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
679,281
Consolidated (IFRS) earnings for the period
129,020
Transactions on treasury shares
207
Other adjustments
1,426
Distribution of dividends to holders of Class A shares
-20,432
SHAREHOLDERS’ EQUITY AS OF 31 DECEMBER 2016
789,503
THE COMPANY’S STATUTORY EARNINGS
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.
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.
This item breaks down as follows:
(in thousands of euros)
2016
2015
2014
Income from revenue transactions
-9,310
-8,899
-9,853
Income from capital transactions
88,596
47,060
65,819
Extraordinary income
98
142
97
Extraordinary expenses
52
118
49
Purchases and other external expenses
NET INCOME
79,331
38,186
56,015
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REGISTRATION DOCUMENT
1
ALTAMIR 2016