DocuSign Envelope ID: A0E08BE2-7FFE-4027-AE57-DF0DC80D0F24
Real Estate SIIQ
COIMA RES Interim condensed consolidated financial statements as of June 30th, 2022
DocuSign Envelope ID: A0E08BE2-7FFE-4027-AE57-DF0DC80D0F24 | |
◼ INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2022 | |
INDEX | |
BOARD OF DIRECTORS' REPORT.................................................................................................................... | 6 |
PORTFOLIO AS OF JUNE 30th, 2022................................................................................................................. | 12 |
RELATED PARTY TRANSACTIONS ............................................................................................................... | 17 |
SUBSEQUENT EVENTS .................................................................................................................................... | 17 |
ITALY: ECONOMIC AND REAL ESTATE MARKET CONDITIONS ........................................................... | 18 |
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENT AS OF JUNE 30th, 2022 .............. | 19 |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT/LOSS............................................. | 20 |
EARNINGS PER SHARE .................................................................................................................................... | 21 |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF OTHER ITEMS IN THE COMPREHENSIVE | |
INCOME STATEMENTS .................................................................................................................................... | 21 |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ............................. | 22 |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY23 | |
INTERIM CONDENSED CONSOLIDATED CASH FLOWS STATEMENT .................................................. | 24 |
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ....................... | 25 |
CERTIFICATION BY THE CEO AND BY THE MANAGING DIRECTOR RESPONSIBLE FOR THE | |
PREPARATION OF THE CORPORATE ACCOUNTING DOCUMENTS RELATING TO THE INTERIM | |
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2022 ............................. | 67 |
GLOSSARY ......................................................................................................................................................... | 87 |
INDEPENDENT AUDITOR'S REPORT ............................................................................................................ | 91 |
INDEPENDENT APPRAISERS' REPORTS ...................................................................................................... | 92 |
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DocuSign Envelope ID: A0E08BE2-7FFE-4027-AE57-DF0DC80D0F24
- INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2022
CORPORATE INFORMATION
COIMA RES S.p.A. SIIQ, (hereinafter also the "Company" or "COIMA RES"), with registered office in Milan, Piazza Gae Aulenti 12, with Tax Code, Milan Companies Register Registration and VAT No. 09126500967, is a real estate investment company listed on the Italian Stock Exchange.
COIMA RES manages real estate transactions, primarily focused on commercial properties, aimed at generating rental income from national and international tenants. The company operates with the beneficial tax status granted to SIIQs (Società di Investimento Immobiliare Quotate) which is like a Real Estate Investment Trust (REIT) in other jurisdictions. The investment strategy of COIMA RES is focused on creating a high-quality portfolio of real estate assets, with a view to generating stable, growing and sustainable cash flows for investors by acquiring, managing, and selectively disposing of properties intended mainly for use in the services and commercial sector and with the potential for their capital value to increase over time.
CORPORATE STRUCTURE
Established by Manfredi Catella in agreement with COIMA REM S.r.l., COIMA SGR S.p.A. and with Qatar Holding LLC, as primary sponsor of the venture, since May 2016 COIMA RES is listed on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A.
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DocuSign Envelope ID: A0E08BE2-7FFE-4027-AE57-DF0DC80D0F24
- INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2022
GOVERNANCE | |
Board of Directors 1 | |
Caio Massimo Capuano | Chairman, not executive Director |
Feras Abdulaziz Al-Naama | Vice Chairman |
Manfredi Catella | Chief Executive Officer (CEO) |
Luciano Gabriel | Independent Director |
Olivier Elamine | Independent Director |
Alessandra Stabilini | Independent Director |
Ariela Caglio | Independent Director |
Antonella Centra | Independent Director |
Paola Bruno | Independent Director |
Board of Statutory Auditors 2 | |
Massimo Laconca | Chairman |
Milena Livio | Standing Auditor |
Marco Lori | Standing Auditor |
Emilio Aguzzi De Villeneuve | Alternate Auditor |
Maria Stella Brena | Alternate Auditor |
Maria Catalano | Alternate Auditor |
Remuneration Committee | |
Alessandra Stabilini | Chairwoman |
Caio Massimo Capuano | Member |
Olivier Elamine | Member |
Investment Committee | |
Luciano Gabriel | Chairman |
Manfredi Catella | Member |
Ariela Caglio | Member |
Michel Vauclair | Member |
Gabriele Bonfiglioli | Member |
Matteo Ravà | Member |
Control and Risk Committee | |
Alessandra Stabilini | Chairwoman |
Luciano Gabriel | Member |
Paola Bruno | Member |
- In charge from April 21st, 2022, until the approval of the financial statements as of December 31st, 2022.
- In charge from April 22nd, 2021, until the approval of the financial statements as of December 31st, 2023.
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DocuSign Envelope ID: A0E08BE2-7FFE-4027-AE57-DF0DC80D0F24
- INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30th, 2022
Internal Audit and Compliance
Internal Audit and Compliance are outsourced to a specialized company called Consilia Regulatory S.r.l., which has indicated Mr. Gianmarco Maffioli as responsible for Internal Audit function and Mr. Giacomo del Soldà as responsible for Compliance function.
Risk Manager
Risk management is outsourced to a specialized company named Quantyx Advisors S.r.l., which has indicated Mr. Andrea Di Ciancia as responsible for this function.
Independent Auditors
The shareholders' meeting held on February 1st, 2016, appointed EY S.p.A. for the audit of separate financial statements and consolidated financial statements of the Company for the period 2016-2024 in accordance with articles 14 and 16 of Legislative Decree n. 39/2010.
Executive responsible for the preparation of the company's accounting documents
Fulvio Di Gilio | Chief Financial Officer |
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COIMA RES S.p.A. SIIQ published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 10:05:46 UTC.