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
Cresud
Sociedad Anónima, Comercial,
Inmobiliaria,
Financiera y
Agropecuaria
(Exact name of Registrant as specified in its
charter)
Cresud Inc.
(Translation of registrant´s name into
English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Moreno
877
(C1091AAQ)
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 o No
x
CRESUD
S.A.C.I.F. and A.
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is an
English translation of the letter dated September 6, 2018 filed by
the Company with the Comisión
Nacional de Valores and the Bolsa de Comercio de Buenos
Aires:
By letter dated
September 6, 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:
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In million of Pesos
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|
|
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06/30/2018
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06/30/2017
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Net Result
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17,780
|
5,028
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Attributable to:
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|
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Company's shareholders
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5,392
|
1,511
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Non-controlling interest
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12,388
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3,517
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|
|
|
|
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Other integral results of the period
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16,932
|
5,356
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Attributable
to:
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|
|
|
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Company's
shareholders
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1,916
|
1,092
|
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Non-controlling
interest
|
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15,016
|
4,264
|
|
|
|
|
|
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Total Integral results of the period
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34,712
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10,384
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Attributable to:
|
|
|
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Company's shareholders
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7,308
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2,603
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Non-controlling interest
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27,404
|
7,781
|
|
|
|
|
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Shareholders' Equity
|
|
|
|
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Capital
stock
|
|
482
|
499
|
|
Treasury
shares
|
|
20
|
3
|
|
Comprehensive
adjustment of capital stock
|
|
64
|
64
|
|
Comprehensive
adjustment of treasury
shares
|
|
1
|
1
|
|
Additional paid-in
capital
|
|
659
|
659
|
|
Premium
for trading of treasury
shares
|
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21
|
20
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Legal Reserve
|
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113
|
83
|
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Special
Reserve |
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1,516
|
1,516
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Cost of treasury shares
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(785)
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(24)
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Changes
in non-controlling interest
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(1,450)
|
243
|
|
Conversion
reserve
|
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4,005
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2,123
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Revaluation
Surplus
|
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93
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-
|
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Reserve
for share-based payments
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108
|
103
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|
Reserve
for future dividends
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1,371
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-
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Reserve
for defined benefit plans
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(48)
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(10)
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Reserve
for hedging
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(41)
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11
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|
Reserve
for purchase of securities issued by the
Company
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25
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25
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Other
reserves from subsidiaries
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56
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25
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Retained
earnings
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14,715
|
11,064
|
|
Shareholders’
Equity attributable to controlling company’s
shareholders
|
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20,925
|
16,405
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Non-controlling
interest
|
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54,396
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32,768
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TOTAL
SHAREHOLDERS’ EQUITY
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75,321
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49,173
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With
regard to paragraph l) section 3); 4) y 5) of the Regulations, it is
recorded that the Board has begun the analysis of the proposals
that will be made to the next annual shareholder’s meeting,
where the result will be informed to the shareholders and
respective bodies, immediately after having been established by the
administrative body.
In
compliance to Article 62 (1) (6) and (8) of the aforementioned
Regulations, at the closing date of the financial statements, the
share capital of the Company is ARS 501,642,804, whose shareholding
is divided into 501,642,804 nominative non-endorsable common shares
of 1 nominal value each and entitled to one vote each.
The
main shareholder is Inversiones Financieras del Sur S.A. with
174,173,103 shares, representing 36.14% of the issued and
subscribed capital stock. It is a company incorporated and
domiciled in Calle 8, km 17,500, Edificio Zonamérica 1, local
106, Montevideo Uruguay. IFIS Limited is the ultimate controlling
entity, domiciled at Clarendon House, 2, Church Street, Hamilton,
Bermuda, HM CX, Bermuda.
We
also report that as of June 30, 2018, excluding the shares of
Inversiones Financieras del Sur SA and the treasury shares, the
remaining shareholders had 307,753,161 registered non-endorsable
common shares of 1 nominal value each with one vote each of the
Company, which represents 61.35% of the issued and subscribed
capital stock.
Among
the new features of the twelve-month period ended June 30, 2018,
the following can be highlighted
●
Net
result for the year recorded a gain of ARS 17,780
million compared to a gain of ARS
5,028 million in 2017 mainly explained by higher results from IRSA,
due to higher changes in the fair value of investment properties in
Argentina and the sale of shufersal stake in Israel.
●
Adjusted EBITDA for
fiscal year 2018 reached ARS 11,052 million, of which ARS
2,070 million
comes from the agricultural business due to higher production and
farmland sales results and ARS 8,982 million come from the business
of urban properties and investments
(IRSA).
●
The
2018 campaign was presented with very good weather conditions in
Brazil and Paraguay and more adverse conditions in Argentina and
Bolivia. We planted 209,000 ha and developed 10,684 ha in the
region.
●
We
sold farms during FY 2018 for ARS 1,116 million, recording a net
profit of ARS 906 million. As a subsequent event, our subsidiary
Brasilagro has sold a fraction of 9,784 hectares of its farm
Jatobá (Jaborandi - Bahía) for an amount of BRL 177.8
million that will be recognized in the first quarter of FY
2019.
●
Adjusted EBITDA of
the rental segments of our urban property and investment business
in Argentina grew by 24.7% in the compared year.
.
●
During the year,
we have launched a
share repurchase plan for ARS 900 million (approximately 4.1% of
the share capital) that has been completed on July 27, 2018.
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.
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Cresud
Sociedad Anónima, Comercial, Inmobiliaria, Financiera y
Agropecuaria
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By:
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/S/ Saúl
Zang
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Saúl
Zang
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Responsible
for the Relationship with the Markets
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September 6,
2018