MERIDIA REAL ESTATE III, SOCIMI, S.A. MERIDIA IBERIAN REAL ESTATE, SICC, S.A.
CONSOLIDATED FINANCIAL STATEMENTS
Q1 - 2021
Barcelona, June, 2021
BALANCE SHEET
Assets | 31/03/2021 | |
A) NON-CURRENT ASSETS | 936.137,94 | |
I. Intangible assets | 0 | |
VI. DEFERRED TAX ASSETS | 936.137,94 | |
B) CURRENT ASSETS | 8.956.692,04 | |
II. Stocks | 20.000,00 | |
3. | Building for sale in stock | 20.000,00 |
III. Trade and other receivables | 1.290.660,32 | |
1. | Customers | 59.298,66 |
3. | Other Receivables | 338.823,50 |
5. | Current tax assets | 57.467,42 |
6. | Other receivables from Tax Authorities | 835.070,74 |
V. Financial Investments Short Term | 511.347,95 | |
5. | Other fianncial assets | 511.347,95 |
VI. Short-term accruals | 63.613,15 | |
VII. Cash and Cash equivalents | 7.071.070,62 | |
1. | Cash and Cash Equivalents | 7.071.070,62 |
T O T A L A S S E T S | 9.892.829,98 |
Equity and Liabilities | 31/03/2021 | |
A) NET EQUITY | 9.562.191,39 | |
A-1) Equity | 9.562.191,39 | |
I. Share Capital | 3.042.000,00 | |
1. | Share Capital | 3.042.000,00 |
III. Reserves | 17.919.007,01 | |
1. | Legal and estatutory | 8.274.231,31 |
2. | Other Reserves | 9.644.775,70 |
V. Retained earnings | -6.270.324,11 | |
1. | Results from previous years | -4.093.016,26 |
2. | (Negative Results from Previous Years) | -2.177.307,85 |
VII. Result of the year | -128.491,51 | |
VIII. (Dividend distributed to account) | -5.000.000,00 | |
B) NON CURRENT LIABILITIES | 2.785,00 | |
II. Liabilities Long Term | 2.785,00 | |
5. | Other financial liabilities | 2.785,00 |
C) CURRENT LIABILITIES | 327.853,59 | |
IV. Liabilities with group and related parties | 6.459,52 | |
V. Payable suppliers and other payables | 321.394,07 | |
2. | Suppliers, group companies, associates and related | 47.828,96 |
3. | Other Creditors | 216.940,75 |
5. | Tax Liabilities | 43.335,50 |
6. | Tax Authorities - Other Liabilities | 13.288,86 |
T O T A L EQUITY AND LIABILITIES | 9.892.829,98 |
PROFIT AND LOSS ACCOUNT
Profit & Loss | 31/03/2021 | |
A) CONTINUED OPERATION | 0 | |
1. Net Turnover | 73.082,82 | |
b) Services Provided | 73.082,82 | |
7050 SERVICES PROVIDED | 73.082,82 | |
5. Other Operating Income | 17.166,23 | |
a) Other Income | 17.166,23 | |
7. Other Operational Expenses | -306.276,99 | |
a) External Servives | -291.770,95 | |
b) Taxes | -14.506,04 | |
11. | Result for assets disposal | -1.485.230,95 |
b) Result for sale and others | -1.485.230,95 | |
12. | Other Results | 1.054,15 |
A.1) OPERATING RESULT | -1.700.204,74 | |
12. | Financial Income | 514.286,00 |
b) From other financial instruments | 514.286,00 | |
13. | Financial Expenses | -13.688,82 |
b) For Third Parties Debts | -13.688,82 | |
16. | Impairment losses and gain/losses on disposals | 953.612,59 |
A.2) FINANCIAL RESULT | 1.454.209,77 | |
A.3) RESULT BEFORE TAXES | -245.994,97 | |
17. | Corporate Tax | 117.503,46 |
A.4) PROVISIONAL PROFIT FOR THE PERIOD | -128.491,51 | |
A.5) CARRIED INTEREST PROVISION | 25.698,30 | |
18. | Carried Interest Provision | 25.698,30 |
A.6) NET PROFIT FOR THE PERIOD | -102.793,21 |
Partnership: | MERIDIA IBERIAN REAL ESTATE, SICC, S.A. (MIREF) | |||||||||
Quarterly Capital Account Statement at March 31, 2021 | ||||||||||
(Amounts in EUR) | Date: | 31/05/2021 | ||||||||
Fund commitment | 150.000.000,00 | (Size of the Fund) | ||||||||
Partnership commitment | 150.000.000,00 | (Total commitments received) | ||||||||
SUMMARY | AMOUNTS | |||||||||
Total Disbursed | 150.000.000,00 | |||||||||
Provisional Result | 134.362.191,43 | |||||||||
Estimated Dividend | 104.301.221,58 | 104.301.221,58 | ||||||||
Estimated Carried Interest | 30.060.969,85 | |||||||||
Corporate Tax effect | 0,00 | |||||||||
NAV + Distributions After Carried Interest | 254.301.221,58 | |||||||||
Distributed 8% Compensation | 0,00 | |||||||||
Realised Participative Loan Interest | 15.942.657,81 | |||||||||
Realised Dividend Distributed | 0,00 | |||||||||
ESTIMATED DISTRIBUTION TO TOTAL SHAREHOLDERS | 270.243.879,39 | |||||||||
E.M. TOTAL INVESTMENT | 1,80x | |||||||||
Funded and Unfunded Summary | ||||||||||
Total Investors | Commitment Drawn | Nominal Distributed | Actual Nominal Drawn | |||||||
Subordinated | Subordinated | Subordinated | ||||||||
Commitment | Share Capital | Share Capital | Share Capital | |||||||
Loan | Loan | Loan | ||||||||
150.000.000,00 | 84.500.000,00 | 65.500.000,00 | 81.457.999,99 | 65.500.000,00 | 3.042.000,01 | 0,00 | ||||
Financial Summary | ||||||||||
TOTAL INVESTORS | ||||||||||
C O N C E P T S | YTD | Inception to | Quarterly | YTD | Inception to | |||||
31 Dec 2020 | 31 Dec 2020 | Movement | 31 Mar 2021 | 31 Mar 2021 | ||||||
Total Commitment drawn (Shares + Facility Loan) | 0,00 | 150.000.000,00 | 0,00 | 0,00 | 150.000.000,00 | |||||
Total Repayment (Shares + Facility Loan) | 0,00 | -146.957.999,99 | 0,00 | 0,00 | -146.957.999,99 | |||||
N | Shares Dividends (non recallable) | -5.000.000,00 | -101.042.000,00 | 0,00 | 0,00 | -101.042.000,00 | N | |||
VA | Income Related | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | VA | |||
C | Expense Related | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | C | |||
A | A | |||||||||
CL | Unrealised Shareholders Loan Interest | 0,00 | -0,00 | 0,00 | 0,00 | -0,00 | CL | |||
U | Unrealised gains/(losses) | 772.250,12 | -543.703,62 | 522.975,21 | 522.975,21 | -20.728,41 | U | |||
L | L | |||||||||
A | A | |||||||||
TI | Realised gains/(losses) | -2.007.449,43 | 167.384.224,68 | -611.701,87 | -611.701,87 | 166.772.522,81 | TI | |||
O | Income Received | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | O | |||
N | N | |||||||||
S | S | |||||||||
PPS Paid / Management Fee | -2.047.990,57 | -37.820.280,03 | -58.465,35 | -58.465,35 | -37.878.745,38 | |||||
Partnership incomes | -15.368.487,28 | 197.276.831,59 | 162.700,71 | 162.700,71 | 197.439.532,30 | |||||
Partnership expenses | 14.836.499,17 | -218.606.389,68 | -144.000,21 | -144.000,21 | -218.750.389,89 | |||||
D | Distributions Facility Agreement (non recallable) | 0,00 | 65.500.000,00 | 0,00 | 0,00 | 65.500.000,00 | D | |||
I | I | |||||||||
S | S | |||||||||
RT | Distributions Shares (non recallable) | 0,00 | 81.457.999,99 | 0,00 | 0,00 | 81.457.999,99 | RT | |||
I | Realised Shareholders Facility Agreement Interest | 0,00 | 15.942.657,81 | 0,00 | 0,00 | 15.942.657,81 | I | |||
B | B | |||||||||
U | U | |||||||||
T | Realised gains/(losses) - 8% Compensation | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | T | |||
I | I | |||||||||
NO | Shares Dividends (non recallable) | 5.000.000,00 | 101.042.000,00 | 0,00 | 0,00 | 101.042.000,00 | NO | |||
S | S | |||||||||
NAV + DISTRIBUTIONS BEFORE CARRIED INTEREST | -3.815.177,99 | 273.633.340,75 | -128.491,51 | -128.491,51 | 273.504.849,24 | |||||
FACILITY | NAV | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | ||||
NAV+Distributions | 0,00 | 81.442.657,81 | 0,00 | 0,00 | 81.442.657,81 | |||||
SHARES | NAV | -8.815.177,99 | 9.690.682,95 | -128.491,51 | -128.491,51 | 9.562.191,44 | ||||
NAV+Distributions | -3.815.177,99 | 192.190.682,94 | -128.491,51 | -128.491,51 | 192.062.191,43 | |||||
Estimated Carried Interest | 403.035,61 | -30.086.668,15 | 25.698,30 | 25.698,30 | -30.060.969,85 | |||||
Carried Interest Paid | 1.800.000,00 | 26.800.000,00 | 0,00 | 0,00 | 26.800.000,00 | |||||
Corporate Tax Effect | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | |||||
NAV + DISTRIBUTIONS AFTER CARRIED INTEREST | -1.612.142,38 | 270.346.672,60 | -102.793,21 | -102.793,21 | 270.243.879,39 | |||||
FACILITY | NNAV | 0,00 | 0,00 | 0,00 | 0,00 | 0,00 | ||||
NNAV+Distributions | 0,00 | 81.442.657,81 | 0,00 | 0,00 | 81.442.657,81 | |||||
SHARES | NNAV | -6.612.142,38 | 6.404.014,80 | -102.793,21 | -102.793,21 | 6.301.221,60 | ||||
NNAV+Distributions | -1.612.142,38 | 188.904.014,79 | -102.793,21 | -102.793,21 | 188.801.221,59 | |||||
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Meridia Real Estate III Socimi SA published this content on 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 07:49:05 UTC.
