Report of Foreign Issuer (6-k)
May 12 2017 - 5:23PM
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 May, 2017
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 May 12, 2017, 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. Profit / (loss) for the period
|
In ARS million
|
|
03/31/2017
|
03/31/2016
|
Profit / (loss) for the period (nine-month period)
|
3,799
|
(1,039)
|
Attributable to:
|
|
|
Equity holders of the parent
|
2,138
|
(676)
|
Non-controlling interest
|
1,661
|
(363)
|
|
|
|
2. Other comprehensive income for the period
|
In ARS million
|
|
03/31/2017
|
03/31/2016
|
Other comprehensive income for the period (nine-month
period)
|
1,923
|
1,815
|
Attributable to:
|
|
|
Equity holders of the parent
|
516
|
204
|
Non-controlling interest
|
1,407
|
1,611
|
|
|
|
3. Total comprehensive income for the period
|
In ARS million
|
|
03/31/2017
|
03/31/2016
|
Total comprehensive income for the period (nine-month
period)
|
5,722
|
776
|
Attributable to:
|
|
|
Equity holders of the parent
|
2,654
|
(472)
|
Non-controlling interest
|
3,068
|
1,248
|
|
|
|
4. Shareholders’ Equity
|
In ARS million
|
|
03/31/2017
|
03/31/2016
|
Stock capital
|
575
|
575
|
Treasury stock
|
4
|
4
|
Comprehensive adjustment of stock capital and treasury
stock
|
123
|
123
|
Additional paid-in capital
|
793
|
793
|
Premium for trading of treasury shares
|
16
|
16
|
Statutory reserve
|
143
|
117
|
Special reserve
|
-
|
4
|
Cost of treasury stock
|
(29)
|
(29)
|
Changes in non-controlling interest
|
(59)
|
(641)
|
Reserve for equity-based payments
|
76
|
63
|
Reserve for future dividends
|
494
|
520
|
Reserve for conversion
|
551
|
358
|
Reserve for hedge instruments
|
40
|
-
|
Reserve for defined benefit plans
|
(38)
|
(4)
|
Other reserves of subsidiaries
|
35
|
53
|
Retained earnings
|
899
|
(675)
|
Total attributable to equity holders of the parent
|
3,623
|
1,277
|
Non-controlling interest
|
15,229
|
6,284
|
Total shareholders’ equity
|
18,852
|
7,561
|
In compliance with
Section o) of the referred Regulations, we report that as of the
closing date of the financial statements, the Company’s
capital stock was ARS 578,676,460 (including treasury shares)
divided into 578,676,460 common, registered, non-endorsable shares
of ARS 1 par value each and entitled to one vote per
share.
The Company’s
principal shareholder is Cresud S.A.C.I.F. y A. (Cresud) with
366,788,243 shares, accounting for 63.4% of the issued capital
stock.
In addition, we
report that as of March 31, 2017, after deducting Cresud’s
interest and the treasury shares, the remaining shareholders held
208,377,030 common, registered, non-endorsable shares of ARS 1 par
value each and entitled to one vote per share, accounting for 36.0%
of the issued capital stock.
As of March 31,
2017, no warrants or convertible notes for the purchase of the
Company’s stock were outstanding.
Below are the
highlights for the period ended March 31, 2017:
●
EBITDA for the
nine-month period of FY 2017 reached ARS 7,504 million (ARS 1,827
million from Argentina and ARS 5,677 million from
Israel)
●
Net result for 9M17
registered a gain of ARS 3,799 million compared to a loss of ARS
1,039 million in the same period of 2016 mainly explained by the
results from Israel Business Center coming from Adama sale and the
increase in Clal share price, valued at market value.
●
Tenant Sales in our
malls grew by 19.9% in 9M17 while the average rent per sqm of the
office portfolio reached USD/sqm 26.3. EBITDA of the rental segment
increased by 31.8% in the compared period.
●
We reached 98.0%
occupancy in our shopping malls and 100% occupancy in our portfolio
of premium offices.
●
During February
2017, IDBD has issued notes in the Israeli market for NIS 1,060
million at a fixed rate of 5.40% due 2019 to cancel existing
debt.
●
We decided to
change the valuation method for the investment properties from
historical cost to reasonable value, which was already reflected in
our subsidiary IRSA Commercial Properties S.A. this quarter and
will be reflected in the company’s financial statements by
the end of our fiscal year as of June 30, 2017.
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: May 12,
2017
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