ALTAMIR_REGISTRATION_DOCUMENT_2017
FINANCIAL STATEMENTS Consolidated financial statements
NOTE 7 Investment portfolio
Changes in the portfolio during the year were as follows:
Portfolio
(in euros)
FAIR VALUE AS OF 31 DECEMBER 2016
874,582,756
Investments
121,533,030 -11,903,337 -135,635,898
Changes in shareholder loans
Divestments
Changes in fair value
45,997,712
FAIR VALUE AS OF 31 DECEMBER 2017 Of which positive changes in fair value Of which negative changes in fair value
894,574,264 102,309,048
3
-56,311,336
Changes in the Level 3 investment portfolio during the year were as follows:
31/12/2017 33,108,795
31/12/2016 35,007,687
(in euros)
FAIR VALUE AT START OF YEAR
Acquisitions Divestments
- -
3,972,949
-
Change of category from Level 3 to Level 2
-11,113,807 5,241,967 33,108,795
Changes in fair value
6,106,727
FAIR VALUE AT END OF YEAR
39,215,523
Changes in the Level 2 investment portfolio during the year were as follows:
31/12/2017 644,527,483 103,951,109 - 70,719,791
31/12/2016 376,976,478 203,352,136 - 165,062,345 68,859,464
(in euros)
FAIR VALUE AT START OF YEAR
Acquisitions Divestments
Change of category from Level 1 to Level 2 Change of category from Level 3 to Level 2 Change of category from Level 2 to Level 1
1,113,807
- 8,140,000 24,279,990 693,898,791
-
Changes in fair value
149,287,942 644,527,483
FAIR VALUE AT END OF YEAR
Changes in the Level 1 investment portfolio during the year were as follows:
31/12/2017 196,946,477 5,678,585 -64,916,107
31/12/2016 274,490,252
(in euros)
FAIR VALUE AT START OF YEAR
Acquisitions Divestments
531,282
-28,845,132 -79,973,272
Change of category from Level 1 to Level 2 Change of category from Level 1 to Level 3 Change of category from Level 2 to Level 1
11,113,808
8,140,000 15,610,995
Changes in fair value
19,629,539
FAIR VALUE AT END OF YEAR
161,459,950
196,946,477
Valuation methods are based on the determination of fair value as described in note 4.
31 December 2017
31 December 2016
% of listed instruments in the portfolio
18.0% 20.5%
26.0% 28.8%
% of listed instruments in NAV
119
• ALTAMIR 2017
REGISTRATION DOCUMENT
Made with FlippingBook - professional solution for displaying marketing and sales documents online