form6k.htm
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 September, 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
September 4, 2018, the Company reported that in compliance with
Section 62 of the Regulations issued by the Buenos Aires Stock
Exchange, this is to report the following information:
|
1. Results
of the period
|
In thousands of ARS
|
|
|
06/30/2018
|
06/30/2017
|
|
Results of the period
|
21,295
|
5,220
|
|
Attributable to:
|
|
|
|
Company's
shareholders
|
15,003
|
3,030
|
|
Non-controlling
interest
|
6,292
|
2,190
|
|
|
|
|
|
2. Other
integral results of the period
|
In
thousands of ARS
|
|
|
06/30/2018
|
06/30/2017
|
|
Other integral results of the period
|
14,114
|
4,513
|
|
Attributable to:
|
|
|
|
Company's
shareholders
|
529
|
1,024
|
|
Non-controlling
interest
|
13,585
|
3,489
|
|
|
|
|
|
3. Total
integral results of the period
|
In
thousands of ARS
|
|
|
06/30/2018
|
06/30/2017
|
|
Total integral results of the period
|
35,409
|
9,733
|
|
Attributable to:
|
|
|
|
Company's
shareholders
|
15,532
|
4,054
|
|
Non-controlling
interest
|
19,877
|
5,679
|
|
|
|
|
|
4. Equity
|
In
thousands of ARS
|
|
|
06/30/2018
|
06/30/2017
|
|
Share
capital
|
575
|
575
|
|
Treasury
shares
|
4
|
4
|
|
Inflation
adjustment of share capital and treasury
shares
|
123
|
123
|
|
Additional
paid-in capital
|
793
|
793
|
|
Additional paid-in capital from of treasury
shares
|
19
|
17
|
|
Legal
reserve
|
143
|
143
|
|
RG
CNV 609/12 reserve
|
2,751
|
2,751
|
|
Cost
of treasury shares
|
(25)
|
(28)
|
|
Changes
in non-controlling interest
|
(2,471)
|
186
|
|
Reserve
for shares based payments
|
79
|
78
|
|
Reserves
for future dividends
|
494
|
494
|
|
Reserve
for currency translation adjustment
|
1,960
|
1,394
|
|
Revaluation Surplus
|
45
|
-
|
|
Special Reserve
|
2,081
|
-
|
|
Reserve
for hedging
|
14
|
19
|
|
Reserve
for defined benefit plans
|
(103)
|
(15)
|
|
Other
reserves from subsidiaries
|
37
|
37
|
|
Retained
earnings
|
30,902
|
19,293
|
|
Total attributable to the company's shareholders |
37,421
|
25,864
|
|
Non-controlling
interest
|
37,120
|
21,472
|
|
Total shareholder's equity
|
74,541
|
47,336
|
Pursuant
to Article 62 (1) (6) and (8) of the aforementioned Regulations, at
the closing date of the financial statements, the Company's capital
stock is ARS 578,676,460 (including own shares in portfolio) whose
shareholding composition is divided into 578,676,460 non-endorsable
registered common shares of 1 nominal value each and entitled to 1
vote each.
The
main shareholder of the Company is Cresud S.A.C.I.F. and A.
(Cresud) with 366,788,243 shares, representing 63.74% of the issued
share capital. Cresud is our ultimate controlling entity and is a
company incorporated and domiciled in the Argentine Republic. The
address of its headquarters is Moreno 877, 23 ° floor,
Autonomous City of Buenos Aires, Argentina.
We
also inform that as of June 30, 2018, by subtracting Cresud's
holding and own shares in the portfolio, the remaining shareholders
had 208,645,409 non-endorsable common shares of 1 nominal value
each and entitled to 1 vote each of the Company representing 36.06%
of the issued share capital.
As
of June 30, 2018 there are no options or negotiable obligations
convertible into circulation to acquire our shares.
Below are the
highlights for the period ended June 30, 2018:
➢
Adjusted
EBITDA
for fiscal year 2018 was ARS 9,304 million (ARS 3,008 million from
Argentina Business Center and ARS 6,296 million from Israel
Business Center), increasing by 32% with respect to
2017.
➢
The net result for the
period recorded a gain of ARS 21,295 million compared to a gain of
ARS 5,220 million in fiscal year 2017, mainly explained by higher
results due to changes in the fair value of investment properties
in Argentina Business Center and higher results from the sale of
Shufersal's stake in Israel Business Center, partially offset by
higher net financial losses as a result of the exchange
depreciation in Argentina.
➢
Tenant sales in our
shopping centers grew by 25.3% in the FY 2018, while the average
rent in the office portfolio reached USD / m2 26.1. The adjusted
EBITDA of the rental segments in Argentina grew by 26.1% in the
compared year.
➢
We achieved 98.5%
occupancy in shopping centers, 92.3% in offices and 70.1% in our
hotel portfolio.
➢
In Israel Business
Center, we sold during the year and subsequently, an additional 20%
of Clal Insurance through swap transactions. The stake of IDBD in
Clal was reduced to 29.8% of its share capital.
Regarding
the
paragraph l), section 3); 4) and 5) of the Regulations, it is
recorded that the Board of Directors has begun the analysis of the
proposals that will be made to the next annual shareholder's
meeting, the result of which will be informed to the shareholders
and respective bodies, the administrative
body.
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: September 4,
2018