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ZENTIVA S.A. - SCD

Additional report on transactions with affiliates

Release Date: 10/19/2017 8:34:41 AM

IRIS Code: 015C6

Current Raport

 

Current Report according            - art. 82 from Law no. 24/2017 and art. 113 from  Regulation  no.1/2006                                               

Date of the report:                         - 18.10.2017

Name of the issuer                        - S.C. ZENTIVA S.A.

Main seat:                                       - Bd. Theodor Pallady nr.50, Bucuresti

Tel. /Fax no.:                                   -  021-3047200 /021-345.40.04

Unique Code:                                  - 336206                                 

Registration No.                              - J/40/363/1991

Shared capital                                  - 41.696.115 RON           

Capital market                                  - Bucharest Stock Exchange

 

Significant events to be reported:

 

 

1. With regard to the current reports dated 07.10.2009 and 27.09.2011, Zentiva S.A. informed in relation to the conclusion with Sanofi Romania SRL of some frame services agreements and a supply agreement of medicines, Zentiva SA informs:

 

(i) The cumulated value of the frame agreements regarding the promotional/administrative services provided by Zentiva SA to Sanofi Romania SRL through its sales force, employees/providers in relation to its operations (selling of pharmaceutical products), during the period 2011-2016, is 38,038,435 RON.

 

(ii) The cumulated value of the frame agreements regarding the promotional/administrative services provided by Sanofi Romania SRL to Zentiva SA through its sales force, employees/providers in relation to its operations (selling of pharmaceutical products), during the period 2011-2016, is 83,095,782 RON.

 

(iii) The cumulated value of the supply agreement Zerntiva SA delivers to Sanofi Romania SRL medicines, during the period 2011-2016, is 1,072,939,095 RON.

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Sanofi Romania SRL : 105,319,284.12 RON;

- Sanofi Romania SRL receivables to be received from Zentiva SA :         303,211.20 RON.

 

 

2. With regard to the current report dated 24.04.2014, Zentiva S.A. informed in relation to the conclusion with Zentiva a.s. of some frame services agreements, Zentiva SA informs:

 

(i) The cumulated value of the frame agreements regarding the promotional and regulatory services provided by Zentiva SA to Zentiva a.s. in relation to the selling on the Romanian market of pharmaceutical products belonging to other group entities, during the period 2014-2016, is 30.342.207 RON.

 

Also the date the two agreements have been concluded is 19.04.2014.

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Zentiva a.s. : 146,729 RON;

- Zentiva a.s receivables to be received from Zentiva SA :              0 RON.

 

3. With regard to the current report dated 13.10.2010, Zentiva S.A. informed in relation to the conclusion with ECZACIBASI-ZENTIVA SAGLIK URUNLERI VE TICARET A.S.of a supply agreement of medicines based on which Zentiva SA acquires medicines and to the additional report made on 31.10.2011 related to the value of the agreement for 2010, Zentiva SA informs:

 

(i) The cumulated value of the supply agreement, during the period 2011-2016, is 7,666,951 RON.

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from ECZACIBASI-ZENTIVA SAGLIK URUNLERI VE TICARET A.S.: 580,156.07 RON;

- ECZACIBASI-ZENTIVA SAGLIK URUNLERI VE TICARET A.S.receivables to be received from Zentiva SA :              0 RON.

 

4. With regard to the current reports dated 27.09.2011, 10.04.2012 and 02.02.2017, Zentiva S.A. informed in relation to the conclusion with Sanofi Wintrop Industrie of a frame services agreement and a license and supply agreements of medicines, Zentiva SA informs:

 

(i) The cumulated value of the frame services agreement regarding the promotional, consultancy, regulatory and other services provided by Zentiva SA to Sanofi Wintrop Industrie in relation to the selling on the Romanian market of the Zentiva drugs belonging to other entities from the group, during the period 2011-2016, is 136,926,402 RON.

 

(ii) The cumulated value of the license and supply agreements of medicines, during the period 2011-2016, is 609,031,206 RON.

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Sanofi Wintrop Industrie: 58,478,534,13 RON;

- Sanofi Wintrop Industrie receivables to be received from Zentiva SA :  5,809,490.49 RON.

 

5. With regard to the current report dated 15.07.2013, Zentiva S.A. informed in relation to the conclusion with Sanofi India Limited of a services agreement based on which Zentiva SA provides control and release services in relation to the medicines manufactured by Sanofi India Limited, Zentiva SA informs:

 

(i) The cumulated value of the supply agreement, during the period 2011-2016, is 6,928,547 RON.

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Sanofi India Limited: 0 RON;

- Sanofi India Limited receivables to be received from Zentiva SA :0 RON.

 

6. With regard to the current report dated 08.06.2015, Zentiva S.A. informed in relation to the conclusion with Sanofi-Aventis Group an agreement having as object the reinvoicing to Sanofi Aventis Group of the operating costs for running a Global Procurement Support Platform, Zentiva SA informs:

 

(i) The cumulated value of the agreement, during the period 2014-2016, is 3,125,225 RON.

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Sanofi-Aventis Group: 425,824 RON;

- Sanofi-Aventis Group receivables to be received from Zentiva SA :           0 RON.

 

7. With regard to the current report dated 17.09.2013, Zentiva S.A. informed in relation to the conclusion with Sanofi SA a cash pooling agreement, Zentiva SA informs:

 

(i) The cumulated value of the agreement, during the period 2014-2016, is 1,262,441 RON.

      

In relation to the rationale of setting up the value of the agreement, please note that only the amounts paid/received by Zentiva SA have been considered and not the capital movements specific to the cash management operations. 

 

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Sanofi SA: 0 RON;

- Sanofi SA receivables to be received from Zentiva SA :0 RON.

 

8. With regard to the license agreement and framework services agreement concluded with Zentiva Group a.s. during 2009 and 2008, Zentiva informs:

 

(i) The cumulated value of both agreements, during the period 2011-2016, is 109,035,406 RON.

           

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Zentiva Group a.s.:                   0 RON;

- Zentiva Group a.s.receivables to be received from Zentiva SA:  3,449,159.74 RON.

 

9. With regard to the frame services agreement concluded with Zentiva k.s. during 2009 regarding the regulatory services provided by Zentiva SA to Zentiva k.s. in relation to Zentiva products belonging to other group entities, Zentiva SA informs:

 

(i) The cumulated value of the agreement, during the period 2011-2016, is 33,371,470 RON.

           

As per the available internal accounting data, at the date of the present current report, the value of the mutual receivables are:

- Zentiva SA receivables to be received from Zentiva k.s.:                   28,905,03 RON;

- Zentiva Group a.s.receivables to be received from Zentiva SA:                       0 RON.

 

Please note that the all the amounts mentioned in this current report do not contain VAT.

 

Also we mention that within the next period an additional current report will be disseminated in relation to the 2017 value of the relevant frame agreements concluded with affiliates.

 

 

 

Zentiva SA

Simona Cocos

General Manager



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