ALTAMIR_REGISTRATION_DOCUMENT_2017
3
FINANCIAL STATEMENTS Statutory financial statements
Short-term investment securities are valued at historical cost. Capital gains on divestments are calculated based on the difference between the sale price and the weighted average purchase price. The Company does not recognise any unrealised capital gains in the statutory statements. However, interest not yet due as of 31 December 2017 on certificates of deposit, time deposits, negotiable debt
securities, and tax-efficient capitalisation funds is recognised in accrued interest receivable. Other current financial assets related to an Allianz tax-efficient capitalisation fund of €15m. The unrealised gain on these investments as of 31 December 2017 was €1.1m. No impairment of short-term investment securities was recognised at the balance sheet date.
Market valueas of 31/12/2017 (in thousands of euros)
Book valuein thousands of euros
Quantity Unit pricein euros
Other marketable securities Allianz
1
15,000
16,086
2.8.2 Provisions for impairment of short-term investment securities No provision was recognised as of 31 December 2017.
PREPAID EXPENSES
2.9
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Prepaid expenses
58
39
31
These consisted primarily of advertising and insurance expenses and commissions.
PROVISIONS FOR RISKS AND CONTINGENCIES
2.10
The provision for risks and contingencies related to potential carried interest on the Apax France VIII-B (€10.5m) and Apax VIII LP (€1.1m) funds.
OTHER FINANCIAL LIABILITIES
2.11
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros) Other financial liabilities
8,541 8,541
34 34
9,063 9,063
TOTAL
Other financial liabilities primarily comprised a bank overdraft of €7.98m and €1m drawn down on a credit line.
2.12 TRADE PAYABLES AND RELATED ACCOUNTS, TAX AND SOCIAL SECURITY LIABILITIES AND OTHER LIABILITIES
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Trade payables
313
303
189
Tax and social security liabilities
0 0
0
0 0
Other liabilities
1
TOTAL
313
304
189
Trade payables (€189k) primarily represented invoices yet to be received for fees to be paid to lawyers, Statutory Auditors and service providers. All of these liabilities are due in less than one year.
142 REGISTRATION DOCUMENT
• ALTAMIR 2017
www.altamir.fr
Made with FlippingBook - professional solution for displaying marketing and sales documents online