SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of April, 2017
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of registrant´s name into English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes ☐ No
x
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is the
English translation of the summary of the letter dated April 19,
2017, filed by the Company with the Bolsa de Comercio de Buenos Aires
and theComisión Nacional de
Valores.
By letter dated April 19, 2017, the company reported that its Board
of Directors has decided to change the valuation criteria of its
investment properties (mainly shopping centers, offices and land
reserves) from historic cost to fair value in accordance with the
International Financial Reporting Standards (IFRS).
The change in the valuation criteria motivates the need to adjust
the values of the investment properties to a fair
value since their historical amortized cost does not reflect
their current economic reality.
The Company intends to recognize the effects of this change in its
financial statements corresponding to the fourth quarter of the
current fiscal year (June 30, 2017).
To determine the fair value of the investment property, the Company
has hired the services of an independent expert
appraiser.