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 May, 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 May
9, 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
|
|
|
03/31/2018
|
03/31/2017
|
|
Results of the period (nine-month period)
|
11,290
|
6,506
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
9,405
|
3,784
|
|
Non-controlling
interest
|
1,885
|
2,722
|
|
|
|
|
|
2. Other integral results of the period
|
in million ARS
|
|
|
03/31/2018
|
03/31/2017
|
|
Other integral results of the period (nine-month
period)
|
1,945
|
2,164
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(619)
|
602
|
|
Non-controlling interest
|
2,564
|
1,562
|
|
|
|
|
|
3. Total integral results of the period
|
in million ARS
|
|
|
03/31/2018
|
03/31/2017
|
|
Total integral results of the period (nine-month
period)
|
13,235
|
8,670
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
8,786
|
4,386
|
|
Non-controlling interest
|
4,449
|
4,284
|
|
|
|
|
|
4. Equity details
|
in million ARS
|
|
|
03/31/2018
|
03/31/2017
|
|
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
|
(26)
|
(29)
|
|
Changes in
non-controlling interest
|
(2,416)
|
(198)
|
|
Reserve
for share-based payments
|
79
|
76
|
|
Reserve
for future dividends
|
494
|
494
|
|
Reserve
for conversion
|
828
|
974
|
|
Special
Reserve
|
2,081
|
-
|
|
Reserve
for coverage instruments
|
25
|
40
|
|
Reserve
for defined benefit plans
|
(74)
|
(38)
|
|
Other
subsidiary reserves
|
36
|
35
|
|
Retained
earnings
|
25,217
|
20,047
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
30,651
|
25,806
|
|
Non-controlling
interest
|
28,400
|
18,272
|
|
Total shareholder's equity
|
59,051
|
44,078
|
|
5. Adjustments of previous results
|
in million ARS
|
|
|
03/31/2017
|
|
Change in the valuation method of investment
properties
|
2,707
|
|
Attributable to:
|
|
|
Shareholders
of the controlling company
|
1,646
|
|
Non-controlling
interest
|
1,061
|
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
366,788,251 shares directly and indirectly (through Helmir S.A.),
which represents 63.77% 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 March 31, 2018, 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 March 31,2018
there are no convertible options or negotiable obligations in
circulation to acquire our shares.
Among the news of
the period ended on March 31, 2018, the following can be
highlighted:
●
Adjusted EBITDA for
the nine-month period
of FY 2018 was ARS 10,116 million (ARS 2,140 million from Argentina
Business Center and ARS 7,976 million from Israel Business Center),
increasing by 35.0% compared to the same period of 2017 (14% of
increase in Argentina Business Center and 44% in Israel Business
Center).
●
Net result for the
nine
months’ period of FY18 registered a gain of ARS 11,290
million compared to a gain of ARS 6,506 million in the same period
of 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").
●
Tenant Sales in our
malls grew by 24% during
the nine-month period of FY2018 while the average rent of the
office portfolio reached USD/sqm 26.9. Adjusted EBITDA of the
rental segment increased by 19.1% in the compared
period.
●
We reached
98.6%
occupancy in our shopping malls, 91.1% occupancy in our offices and
71.9% in our hotels’ portfolio.
●
In Israel Business
Center, we have sold during the quarter and subsequently, an
additional 10% of Clal Insurance through two swap transactions. The
stake of IDBD in Clal reduced to 34.8% of its stock
capital.
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 9,
2018