ALTAMIR_REGISTRATION_DOCUMENT_2017
3
FINANCIAL STATEMENTS Statutory financial statements
CAPITAL TRANSACTIONS
3.2
3.2.1 Income
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Capital gains on sale of equity investments/portfolio investments
7,446
79,066 24,320
85,346 40,317
Reversals of provisions
40,085 36,552 84,083
Other income
6,957
9,267
TOTAL
110,343
134,930
Provision reversals included €32m relating to the reversal of the provision made against the interest on the Unilabs receivable.
3.2.2 Expenses
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
Losses on the sale of portfolio investments
1
2,572 17,568 1,607 21,747
6,111
Provisions for impairment
37,022
10,668 40,152 56,931
Other expenses
0
TOTAL
37,023
Other expenses included €32m relating to the loss of accrued interest on the Unilabs receivable, fully offset by a provision reversal of the same amount ( cf . 3.2.1), and €5.7m corresponding to the share of fees linked to the most recent distributions of portfolio funds.
3.2.3 Corporation tax The Company opted for the status of SCR ( société de capital risque ) as of the financial year ended 31 December 1996. The legislation on SCRs applicable as of 2001 exempts all income from corporation tax.
3.2.4 Extraordinary expenses
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
EXTRAORDINARY EXPENSE
118
52
42
3.2.5 Extraordinary income
31/12/2015
31/12/2016
31/12/2017
(in thousands of euros)
EXTRAORDINARY INCOME
142
98
3,133
reimbursement of the amounts paid, amounting to €2.8m, plus the related interest as damages of €190k.
This item mainly comprised accrued income relating to the 3% contribution on dividends. As this tax has been invalidated by the French Constitutional Council, Altamir requested the
NOTE 4 Other information
The Company has positive retained earnings of €74,107.78, which correspond to the undistributed income on treasury shares for the financial years 2011 to 2016. The general partner and the Class B shareholders have the right to receive a portion of distributable earnings, calculated in accordance with the method presented in paragraph 25 of the Company’s Articles of Association, specifically an amount of €11,817,703 for the financial year 2017.
EMPLOYEES
4.1
The Company has no employees, and no stock option plan in place.
RIGHTS OF THE GENERAL PARTNER AND CLASS B SHAREHOLDERS
4.2
The Company generated net income of €69,886,628.60 in 2017.
146 REGISTRATION DOCUMENT
• ALTAMIR 2017
www.altamir.fr
Made with FlippingBook - professional solution for displaying marketing and sales documents online