Altamir - 2018 Registration document
Financial statements
Consolidated financial statements
NOTE 14 Other current financial liabilities
This item was €159.2m for the year ended 31 December 2018. It includes Apax France IX-B credit lines of €81.2m, Apax France VIII-B (€17.8m), Altamir (€33.3m), Apax IX LP (€24.8m), Apax Development (€1.5m) and Apax Digital (€0.5m).
NOTE 15 Valuation differences on divestments during the year
31/12/2018 134,828,452 145,363,074 -10,534,622
31/12/2017 138,342,495 135,635,898 2,706,597 6,611,850 -3,905,253
(in euros) Sale price
3
Fair value at start of year IMPACT ON INCOME
Of which positive price spread on divestments Of which negative price spread on divestments
10,301,121
-20,835,743
NOTE 16 Other portfolio income
Other portfolio income is detailed as follows:
31/12/2018
31/12/2017 287,969 1,244,859 1,532,827
(in euros)
Interest and other portfolio income received
205,919 549,786 755,706
Dividends
TOTAL
NOTE 17 Purchases and other external expenses (incl. tax)
31/12/2018 9,708,894 6,121,679 1,224,336 2,362,879
31/12/2017 10,021,152 6,331,491 1,266,298 2,423,363
31/12/2016 9,196,977
(in euros)
Direct fees (incl. tax) (1)
Altamir Gérance management fees (excl. tax)
5,791,549 1,158,310 2,247,118 686,477
Non-recoverable VAT on Altamir Gérance management fees
Other fees and expenses (incl. tax)
including recharges for accounting, financial and investor relations services
857,615 228,894 -140,348
708,628 568,966 -58,986
including fees related to overdraft lines
172,147 133,184
including fees related to portfolio companies held directly
Indirect fees (incl. tax)
13,948,001 10,198,808
15,120,717 11,153,958 3,966,759 25,141,871 179,107,957 815,751,407
11,772,021 8,188,840
Management fees charged by Apax Partners SAS and Apax Partners LLP Operating costs of the funds managed by Apax Partners SAS and Apax Partners LLP
3,749,193
3,583,181
TOTAL EXPENSES AND EXTERNAL PURCHASES (2)
23,656,896
20,968,997
Investments at historical cost Apax funds invoicing basis
107,802,761 820,898,321 928,701,082
238,486,466 631,338,629
CAPITAL COMMITTED AND INVESTED
994,859,364 869,825,095
(1) Average NAV between N and N-1
1.23%
1.27%
1.25%
(2) Average capital committed and invested between N and N-1
2.46%
2.70%
2.78%
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ALTAMIR 2018
Registration document
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