Report of Foreign Issuer (6-k)
February 08 2018 - 5:24PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of February , 2018
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(
Address of principal
executive offices)
Form 20-F ⌧
Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐
No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
By letter
dated February 8, 2018, the Company reported that in
compliance with Section 63 of the Regulations issued by the Buenos
Aires Stock Exchange, this is to report the following
information:
1. Results of the period
|
in million ARS
|
|
12/21/2017
|
12/31/2016
|
Results of the period (three-month period)
|
10,831
|
6,861
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
8,918
|
3,835
|
Non-controlling
interest
|
1,913
|
2,981
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
12/31/2017
|
12/31/2016
|
Other integral results of the period (three-month
period)
|
161
|
550
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
(272)
|
22
|
Non-controlling interest
|
433
|
528
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
12/31/2017
|
12/31/2016
|
Total integral results of the period (three-month
period)
|
10,992
|
7,366
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
8,646
|
3,857
|
Non-controlling interest
|
2,346
|
3,509
|
|
|
|
4. Equity details
|
in million ARS
|
|
12/31/2017
|
12/31/2016
|
Share
Capital
|
575
|
575
|
Treasury
shares
|
4
|
4
|
Comprehensive
adjustment of capital stock and of treasury shares
|
123
|
123
|
Additional
paid-in capital
|
793
|
793
|
Premium
for trading of treasury shares
|
18
|
16
|
Legal
Reserve
|
143
|
143
|
Special
Reserve (Resolution CNV 609/12)
|
2,751
|
2,751
|
Cost
of treasury share
|
(28)
|
(29)
|
Changes in
non-controlling interest
|
(2,341)
|
(181)
|
Reserve
for share-based payments
|
80
|
73
|
Reserve
for future dividends
|
494
|
494
|
Reserve
for conversion
|
1,178
|
454
|
Special
Reserve
|
2,081
|
-
|
Reserve
for coverage instruments
|
10
|
(36)
|
Reserve
for defined benefit plans
|
(62)
|
(22)
|
Other
subsidiary reserves
|
36
|
37
|
Retained
earnings
|
24,730
|
20,098
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
30,585
|
25,293
|
Non-controlling
interest
|
27,221
|
18,868
|
Total shareholder's equity
|
57,806
|
44,161
|
5. Adjustments of previous results
|
in million ARS
|
|
12/31/2016
|
Change in the valuation method of investment
properties
|
2,619
|
Attributable to:
|
|
Shareholders
of the controlling company
|
1,768
|
Non-controlling
interest
|
851
|
Pursuant
to Article 62 paragraph l) sections 6) and 8) of the next
Regulation, we inform that at the closing date of the financial
statements, the share capital of the Company is ARS 578,676,460
(including treasury shares) which is divided into 578,676,460
non-endorsable nominative ordinary shares of 1 Nominal Value 1 ARS
each with the right to 1 vote each.
The
main shareholder of the Company is Cresud S.A.C.I.F. y A. (Cresud)
with 366,788,243 shares directly and indirectly (through Helmir
S.A.), which represents 63.76% of the share capital (the treasury
shares are subtracted). Cresud is our ultimate controlling entity
and is a company incorporated and domiciled in the Argentine
Republic. The address of its registered office is Moreno 877, 23rd
floor, Autonomous City of Buenos Aires, Argentina.
We also
inform that on December 31, 2017, subtracting the direct and
indirect ownership of Cresud and the treasury shares, the remaining
shareholders held the amount of 208,478,513 nominative
non-endorsable ordinary shares of 1 Nominal Value 1 ARS each with
the right to 1 vote each from the Company that represents 36.03% of
the issued share capital.
As of
December 31, 2017 there are no convertible options or negotiable
obligations in circulation to acquire our shares.
Among
the news of the period ended on December 31, 2017, the following
can be highlighted:
●
Adjusted EBITDA for
the first semester of FY 2018 was ARS 7,166 million (ARS 1,459
million from the center of operations in Argentina and ARS 5,707
million from the center of operations in Israel), increasing by
38.0% compared to the same half of 2017 (20% of increase in the
center of operations in Argentina and 44% in the center of
operations in Israel)
.
●
Net result for the
six months' period registered a gain of ARS 10,831 million compared
to a gain of ARS 6,816 million in fiscal year 2017, mainly
explained by a higher result due to a change in the fair value of
investment properties due to the impact of the tax reform
implemented in Argentina and for the effects of the exchange rate
on them, offset by the loss recorded in our center of operations in
Israel as a result of the partial debt swap made by Discount
Corporation Ltd. ("DIC")
●
T
enant Sales in our
malls grew by 22.6% during the first semester of FY2018 while the
average rent of the office portfolio reached USD/sqm 26.9. Adjusted
EBITDA of the rental segment increased by 18.6% in the compared
semester.
.
●
We reached
99.1%
occupancy in our shopping malls, 93.2% occupancy in our offices and
71.5% in our hotels’ portfolio.
●
In October 2017, we
have sold in the secondary market 10.2 million shares of IRSA
Commercial Properties for a total amount of USD 138.2
million.
●
In December, 2017,
IRSA acquired, through Dolphin, the remaining 31.7% of IDBD held by
IFISA reaching 100% stake in IDBD’s share capital.
hed
99.1% occupancy in
our shopping malls, 93.2% occupancy in our offices and 71.5% in our
hotels’ portfolio.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
|
IRSA
Inversiones y Representaciones Sociedad
Anónima
|
|
|
|
By:
|
/S/ Saúl
Zang
|
|
|
|
Name:
Saúl Zang
|
|
|
|
Title:
Responsible for the Relationship with the Markets
|
|
Dated: February
8, 2018
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