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Consolidated Financial Statements 31.12.15 (IFRS)
Lar España Real Estate SOCIMI, S.A. AND SUBSIDIARIES
Consolidated Statement of Financial Position at 31 December 2015 (*)
ASSETS (Thousands of euros) | 31/12/2015 | 31/12/2014 |
---|---|---|
Intangible assets | 1 | - |
Investment properties (**) | 776,375 | 357,994 |
Financial assets with associates | 16,774 | - |
Equity-accounted investees | 43,217 | 18,087 |
Non-current financial assets | 8,475 | 3,841 |
NON-CURRENT ASSETS | 844,842 | 379,922 |
Inventories | - | 2,843 |
Trade and other receivables | 4,647 | 1,970 |
Financial assets with associates | 26,717 | - |
Other current financial assets | 1,676 | 32,032 |
Other current assets | 601 | 136 |
Cash and cash equivalents | 35,555 | 20,252 |
CURRENT ASSETS | 69,196 | 57,233 |
TOTAL ASSETS | 914,038 | 437,155 |
(*) financial statements are an integral part of the 2015 Consolidated Annual Accounts. On February 26th 2016 Deloitte issued its unqualified audit report.
(**) Investments properties are presented at their fair value at the end of the financial year and are not subject to amortization. Profits or losses due to variation in the fair value of the investment properties are included in the results of the period in which they arise.
EQUITY AND LIABILITIES (Thousands of euros) | 31/12/2015 | 31/12/2014 |
---|---|---|
Share capital | 119,996 | 80,060 |
Share premium | 415,047 | 320,000 |
Other reserves | (5,767) | (9,185) |
Retained earnings | 43,559 | 3,456 |
Treasury shares | (709) | (4,838) |
Valuation adjustments | (1,560) | - |
EQUITY | 570,566 | 389,493 |
Financial liabilities from issue of bonds and other marketable securities | 138,233 | - |
Loans and borrowings | 173,354 | 37,666 |
Derivatives | 1,560 | - |
Other non-current liabilities | 10,774 | 5,143 |
NON-CURRENT LIABILITIES | 323,921 | 42,809 |
Financial liabilities from issue of bonds and other marketable securities | 3,504 | - |
Loans and borrowings | 5,593 | 156 |
Other financial liabilities | 2,651 | 18 |
Trade and other payables | 7,803 | 4,679 |
CURRENT LIABILITIES | 19,551 | 4,853 |
TOTAL EQUITY AND LIABILITIES | 914,038 | 437,155 |
(*) financial statements are an integral part of the 2015 Consolidated Annual Accounts. On February 26th 2016 Deloitte issued its unqualified audit report.
Consolidated Income Statement at 31 December 2015(*)
(Thousands of euros) | 2015 | 2014 |
---|---|---|
Revenues | 35,734 | 8,606 |
Other income | 3,374 | 217 |
Personnel expenses | (396) | (108) |
Other expenses | (20,013) | (7,231) |
Changes in the fair value of investment properties | 25,978 | (442) |
RESULTS FROM OPERATING ACTIVITIES | 44,677 | 1,926 |
Financial income | 2,444 | 2,391 |
Financial expenses | (6,127) | (519) |
Impairment and results on disposals of financial instruments | (29) | - |
Share in profit (loss) for the period of equity-accounted companies | 2,594 | (342) |
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS | 43,559 | 3,456 |
Income tax | - | - |
PROFIT FOR THE PERIOD | 43,559 | 3,456 |
(*) financial statements are an integral part of the 2015 Consolidated Annual Accounts. On February 26th 2016 Deloitte issued its unqualified audit report.
Download Consolidated Financial Statements.pdf