AUDIT REPORT AND FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEET AT 31 DECEMBER 2017_(thousands of euros)

ASSETS 2017 2016
NON-CURRENT ASSETS 2,020,226 1,820,373
Intangible assets 214 180
Property, plant and equipment 25,977 25,179
Investment property 1,966,229 1,772,740
Non-current investments in group companies and associates 5,626 1,704
Non-current financial assets 16,647 11,781
Deferred tax assets 5,533 8,789
CURRENT ASSETS 118,213 157,883
Non-current assets classified as held for sale - 41,360
Inventories 24,658 29,869
Trade and other receivables 17,476 12,426
Current financial assets 5,534 20,530
Current prepayments and accrued income 3,676 3,576
Cash and cash equivalents 66,869 50,122
TOTAL ASSETS 2,138,439 1,978,256
EQUITY AND LIABILITIES 2017 2016
EQUITY 1,117,210 986,112
SHAREHOLDERS´ EQUITY 1,114,404 987,480
Share capital 9,409 9,409
Share premium 27,852 27,852
Reserves 943,625 777,027
Profit (Loss) attributable to the Parent 133,518 173,192
VALUATION ADJUSTMENTS 2,806 (1,368)
NON-CURRENT LIABILITIES 955,078 955,698
Long-term provisions 1,872 983
Bank borrowings 835,326 860,446
Derivatives - 1,368
Tenant deposits and other financial liabilities 13,472 10,484
Non-current payables to fixed asset suppliers 28,800 -
Deferred tax liabilities 75,608 82,417
CURRENT LIABILITIES 66,151 36,446
Current payables 37,225 1,952
Trade and others payables 28,926 30,382
Current accruals and deferred income - 4.112
TOTAL EQUITY AND LIABILITIES 2,138,439 1,978,256

Nota:Annual accounts drawn up applying International Financial Reporting Standards (IFRS) adopted by the European Union.


The Company’s Annual Accounts can be consulted on Gmp’s webpage www.grupogmp.com

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