Lar España Real Estate SOCIMI S A : 30th June 2023 – H1 2023 Consolidated financial statements
June 29, 2023
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LAR ESPAÑA REAL ESTATE SOCIMI, S.A. AND
SUBSIDIARIES
Abridged Consolidated Interim Financial Statements for the six-month period ended 30
June 2023
(Prepared under International Financial
Reporting Standards as adopted by the European Union)
CONTENTS
(1)
NATURE, ACTIVITIES AND COMPOSITION OF THE GROUP
9
BASIS OF PRESENTATION OF THE ABRIDGED CONSOLIDATED
INTERIM FINANCIAL STATEMENTS PREPARED UNDER IFRS AS
ADOPTED BY THE EUROPEAN UNION
11
(a)
Regulatory framework
11
(b)
Functional and presentation currency
13
(c)
Comparison of information
13
(d)
Estimates made
13
(e)
Correction of errors
14
(f)
Seasonality of the Group's transactions
14
(g)
Relative importance
14
(h)
Abridged consolidated statement of cash flows
14
(i)
Impact of the invasion of Ukraine on the financial statements
15
(3)
CHANGES TO THE COMPOSITION OF THE GROUP
15
(4)
SEGMENT REPORTING
16
(a)
Operating segments
16
(b)
Geographical segments
16
(c)
Main customers
17
(5)
INVESTMENT PROPERTY
18
NON-CURRENTASSETS HELD FOR SALE AND LIABILITIES
CONNECTED TO ASSETS HELD FOR SALE
22
(7)
FINANCIAL ASSETS BY CATEGORY
23
(a) Classification of financial assets by category
23
(b)
Classification of financial assets by maturity
24
(c)
Impairment of accounts receivable
25
(8)
CASH AND CASH EQUIVALENTS
26
(9)
NET EQUITY
26
(a)
Capital
26
(b)
Issue premium
27
(c)
Other reserves
27
(d)
Treasury shares
28
(e)
Dividends paid and issue premiums returned
29
(10)
EARNINGS PER SHARE
29
(a)
Basic
29
(11)
FINANCIAL LIABILITIES BY CATEGORY
30
(a) Classification of financial liabilities by category
30
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Disclaimer
Lar España Real Estate SOCIMI SA published this content on 30 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 14:57:08 UTC.
Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.
LAR ESPAÑA REAL ESTATE SOCIMI, S.A. 
