Annual financial report 2013

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spreading of risk. The company may hold liquid funds, in any currency, as
current or deposit accounts or in the form of any money market instru-
ment which can easily be converted. The company may lend securities
and carry out hedging operations, provided that the latter are intended
exclusively to cover the interest rate and exchange risks to the exclusion
of any speculative transaction.
The company and its subsidiaries may enter into finance lease agree-
ments for one or more properties. A finance lease activity with option to
purchase the properties can be carried out only as an ancillary activity,
except if these properties are intended for public interest purposes (in
which case the activity may be carried out as a primary activity).
The company is required to carry out all its activities and operations in
accordance with the regulations and within the limits provided for by the
Sicafi/Bevak legislation and all other applicable legislation.
FINANCIAL YEAR
The financial year starts on January 1st and ends on December 31st of
each year.
PLACES AT WHICH DOCUMENTS ACCESSIBLE TO THE PUBLIC
MAY BE CONSULTED
The company’s Articles of Association may be consulted at the clerk’s
office of the Brussels Commercial Court as well as on the website
.
The company and consolidated accounts of the Cofinimmo Group are filed
at the National Bank of Belgium, in accordance with the legal provisions
governing the matter. Decisions with regard to the appointment and resig-
nation of members of the Board of Directors are published in the annexes of
the Belgian Official Gazette (Moniteur Belge/Belgisch Staatsblad). Notices
convening General Shareholder Meetings are published in the annexes of
the Belgian Official Gazette and in two financial daily newspapers. These
notices and all documents relating to the General Shareholder Meetings
are simultaneously available on the website .
All press releases and other financial information given out by the
Cofinimmo Group over the past five years can be consulted on the website
ww.cofinimmo.com. The Annual Financial Reports may be obtained from
the registered offices or consulted on the website .
They are sent each year to the registered shareholders and to any parties
expressing a wish to receive them. They include reports by the real estate
experts and the Statutory Auditor.
DECLARATIONS
RESPONSIBLE PEOPLE
The Board of Directors of Cofinimmo SA/NV, composed as described on
page 77, assumes the responsibility for the content of this Annual Financial
Report and declares that to the best of its knowledge:
• this Report contains true information and a fair and true statement
of all important events. As the case may be, it refers to the major
transactions between related parties that have occurred during the
year and their impact on the financial statements;
• this Report has no omissions likely to significantly modify the scope
of any statements made in it;
• the financial statements, established in conformity with the
applicable accounting standards, have been submitted to the
statutory auditor for a complete audit review and give a fair and
true image of the portfolio, the financial situation and the results of
Cofinimmo and its subsidiaries incorporated in the consolidation;
moreover, the Management Report includes an outlook for the
result of the coming year as well as a comment on the risks and
uncertainties confronting the company (see pages 2 to 7).
FORECAST INFORMATION
This Annual Financial Report contains forecast information based on
company plans, estimates and projections, as well as on its reasonnable
expectations concerning external events and factors. By its nature, this
forecast information is subject to risks and uncertainties that may have as
consequence that the results, financial situation, performance and actual
figures differ from this information. Taking into account these uncertain
factors, statements regarding future developments cannot be considered
as a guarantee whatsoever.
DECLARATION CONCERNING THE DIRECTORS
The Board of Directors of Cofinimmo SA/NV declares that, to the best of
its knowledge:
• none of the Directors has ever been convicted for a fraud-related
offence, that no official and/or public incrimination has been
expressed or any sanctions ever imposed by a legal or supervisory
authority, that no Director has been prohibited by court to act as a
member of the Directing body and that in this capacity they have never
been implicated in a bankruptcy;
• no employment contract has been entered into with the Directors,
either with the Sicafi/Bevak, or with its Executive Committee, which
provides for the payment of compensations upon the termination
of the employment contract, except for the comment in the section
“Contractual terms of the members of the Executive Committee” in the
chapter “Corporate Governance Statement”;
• no stock option on Cofinimmo shares was granted to the Non-
Executive Directors.
DECLARATION CONCERNING INFORMATION
FROM THIRD PARTIES
The information published in this Annual Financial Report provided by third
parties, such as the report by the real estate experts and the statutory
auditor’s report, has been included with the consent of the person who
has vouched for the content, form and context of this part of the registra-
tion document. This information has been faithfully reproduced and, as far
as the Board of Directors knows and is able to assure in the light of data
published by this third party, no facts have been omitted that might render
the reproduced information incorrect or misleading.
HISTORICAL FINANCIAL INFORMATION REFERRED
TO BY REFERENCE
The Annual Financial Reports of the past five years, which comprise the
company annual accounts, the consolidated annual accounts and the
statutory auditor’s reports, as well as the Half-Yearly Financial Reports, can
be consulted on the website
FISCAL REGIMES
THE “SICAF IMMOBILIERE” (SICAFI)/“VASTGOEDBEVAK” (BEVAK)
The Sicafi/Bevak (public fixed capital real estate investment trust) regime
is a collective property investment organisation created in 1995 dispos-
ing of a similar regime than the one existing in numerous countries: Real
Estate Investment Trusts (REITs) in the US, Fiscale Beleggingsinstellingen
(FBI) in the Netherlands, G-REITs in Germany, Sociétés d’Investissement
Immobilier Cotées (SIIC) in France and UK-REITs in the UK.
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