IRSA Inversiones y Representaciones Sociedad Anonima

 

September 30, 2005 and 2004

1. Period Result

 

(three month period ended on September 30, 2005 and 2004):

 

In thousand of $

09/30/05 09/30/04

Ordinary 18,646 17,190

Extraordinary

Period Profit 18,646 17,190

 

2. Net Assets Composition:

 

Subscribed Capital 368,448 258,253

Treasure shares

Integral adjustment of capital 274,387 274,387

Integral adjustment

treasure shares

Premium on shares 685,131 604,234

Legal Reserve 19,447 19,447

Retained earnings (56,397) (161,09)

Total Net Assets 1,291,016 995,223