bb537be7-f4ca-42e2-af86-98fffe28a23a.pdf


FINANCIAL INFORMATION 2015‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌


Including the‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

Consolidated financial statements‌‌‌‌

and‌

Report of the Réviseur d´Entreprises‌‌‌‌‌‌

for the year ended as at 31 December 2015‌‌‌‌‌‌


ORCO PROPERTY GROUP S. A. * Société Anonyme * 40 rue de la Vallée, L2661 Luxembourg‌‌‌‌‌‌‌

R. C. S. Luxembourg - B 44.996


SUMMARY



Part I. Management report

Part II. Declaration letter

Part III. Consolidated financial statements of the Group

Part IV. Auditors' Review Report

Part V. Statutory financial statements


Management Report as at 31 December 2015

  1. Message from the management 1

  2. 2015 and post-closing key events 2

  3. Market environment 3

  4. Portfolio: Gross Asset Value and operational performance 6

    1. Total portfolio evolution 6

    2. Property Investments evolution 7

    3. Development evolution 12

    4. Liabilities and financial profile 15

      1. Loan to value 15

      2. EPRA Net Asset Value 15

      3. Income statement 17

      4. Balance sheet 18

      5. Cash flow statement 20

      6. Annual statutory financial information 21

      7. Corporate governance 21

        1. Principles 21

        2. Board of Directors 21

        3. Committees of the Board of Directors 24

        4. Description of internal controls relative to financial information processing 25

        5. Remuneration and benefits 26

        6. Corporate Governance rules and regulations 26

        7. Additional information 28

        8. External Auditors 30

        9. Shareholding 30

          1. Share capital and voting rights 30

          2. Shareholder holding structure 30

          3. General meetings of shareholders 31

          4. Stock subscription rights 32

          5. Authorized capital not issued 32

          6. Transactions with treasury shares 32

          7. Potential risks and other reporting requirements 33

            1. Subsequent closing events: See point 2 of this report 33


            2. Activities in the field of research and development 33

            3. Financial Risks Exposure 33

            4. Stock market performance 36

              1. Shares of the Company 36

              2. Other financial instruments of Orco Property Group 36

              3. Corporate Responsibility 37

              4. Glossary & Definitions 37

              ORCO Property Group SA issued this content on 31 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 March 2016 20:47:20 UTC

              Original Document: http://www.orcogroup.com/documents/Report Orco Property Group S.A. 31.12.2015.pdf