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SIF BANAT CRISANA S.A. - SIF1

NAV as of date 05/31/2019

Release Date: 6/14/2019 6:30:10 PM

IRIS Code: 08C67

 

 

 

STATEMENT OF

annex  no. 16

 

 

 

assets and liabilities of SIF Banat-Crisana as at

 

 

 

 

05/31/2019

 

 

 

DESIGNATION

VALUE [RON]

 

1. Non-current assets

                                                        611,199,628

 

 

1.1 Intangible assets

                                                                  12,114

 

 

1.2 Tangible assets

                                                          23,242,797

 

 

1.3 Financial assets

                                                        587,944,716

 

 

 

1.3.1 Listed shares

                                                          26,915,903

 

 

 

1.3.2 Unlisted shares

                                                        203,996,519

 

 

 

1.3.3 Government securities

                                                                           -  

 

 

 

1.3.4 Certificates of deposit

                                                                           -  

 

 

 

1.3.5 Bank deposits

                                                                           -  

 

 

 

1.3.6 Municipal bonds

                                                                           -  

 

 

 

1.3.7 Corporate bonds

                                                          54,334,475

 

 

 

1.3.8 Newly issued securities

                                                                           -  

 

 

 

1.3.9 Units of UCITS and / or non-UCITS

                                                        302,697,820

 

 

 

1.3.10 Other financial assets

                                                                           -  

 

2. Current assets

                                                    2,631,489,268

 

 

2.1 Inventories

                                                                    2,239

 

 

2.2 Receivables, of which:

                                                            9,071,513

 

 

 

2.2.1 Dividends receivables

                                                            8,897,027

 

 

 

2.2.2 Receivables rights

                                                                           -  

 

 

 

2.2.3 Other receivables

                                                                174,486

 

 

2.3 Cash and equivalents

                                                          96,731,737

 

 

2.4 Short term financial investments

                                                    2,501,146,788

 

 

 

2.4.1 Listed shares

                                                    2,380,305,733

 

 

 

2.4.2 Unlisted shares

                                                                           -  

 

 

 

2.4.3 Municipal bonds

                                                                           -  

 

 

 

2.4.4 Corporate bonds

                                                            5,114,955

 

 

 

2.4.5 Units of UCITS and / or non-UCITS

                                                        115,726,099

 

 

2.5 Newly issued securities

                                                                           -  

 

 

2.6 Government securities

                                                                           -  

 

 

2.7 Bank deposits

                                                          24,529,906

 

 

2.8 Certificates of deposit

                                                                           -  

 

 

2.9 Other current assets

                                                                    7,086

 

3. Derivatives

                                                                           -  

 

4. Prepaid expenses

                                                                153,282

 

5. Total assets

                                                    3,242,842,179

 

6. Total liabilities

                                                        131,756,954

 

 

6.1 Loans from bond isssues

                                                                           -  

 

 

6.2 Amounts owed to credit institutions

                                                                           -  

 

 

6.3 Advances received from clients

                                                                           -  

 

 

6.4 Trade payables

                                                                  51,013

 

 

6.5 Bills of exchange payable

                                                                           -  

 

 

6.6 Amounts owed to group companies

                                                                           -  

 

 

6.7 Amounts owed to related parties

                                                                           -  

 

 

6.8 Other liabilities, of which:

                                                        131,705,942

 

 

 

 - deferred income tax

                                                        129,915,461

 

7. Provisions for expenses 

                                                                           -  

 

8. Deferred income, of which:

                                                                  10,960

 

 

8.1 Investment subsidies

                                                                           -  

 

 

8.2 Deferred income

                                                                  10,960

 

9. Shareholders' equity, of which:

                                                    2,438,289,250

 

 

9.1 Share capital

                                                          51,746,072

 

 

9.2 Share capital premiums

                                                                           -  

 

 

9.3 Revaluation differences

                                                                105,016

 

 

9.4 Reserves

                                                    2,968,499,916

*

 

9.5  Own shares

-224,045

 

 

9.6 Retained earnings

                                                        586,249,626

 

 

9.7 Result for the period (YTD)

44,943,986

 

 

9.8 Profit appropriation

                                                                           -  

 

 

9.9  Retained earnings  adoption of IAS 29 for the first time - debtor account

-2,540,075,937

 

 

9.10  Items treated as capital

                                                        645,164,114

 

 

9.11   Other elements of equity

                                                        681,880,501

 

10. Total liabilities

                                                    2,570,057,164

 

11. Net asset

                                                    3,240,989,725

* *

12. The total number of outstanding shares

                                                        517,371,068

 

13. Net asset value per share

                                                                  6.2643

 

14. Number of companies in the portfolio, of which:

                                                                        126

 

 

14.1 Companies admitted to trading on a regulated market

                                                                          19

 

 

14.2 Companies admitted to trading on an alternative trading system

                                                                          27

 

 

14.3 Unlisted companies

                                                                          80

 

 

 

 

 

*

 -

The value of own shares repurchased through Repurchase program no. 2 aproved by GSM in 04/26/2018  

 

 

between  10/02/2018 - 10/26/2018

 

* *

 -

 Pursuant to Article.123, alin. (3) of the ASF Regulation nr. 9/2014, reffering to NAV calculation, this item represents:

 

 

" The total number of outstanding shares, less the number of repurchased shares held by the Company"

 

 

 

 

 

 

 

 

 

 

NOTE:

 

 

 

 

We inform the Investors that SIF Banat-Crisana's Net Asset as at May 31, 2019 recorded a value of RON 3,240,989,725, significantly influenced

 by the value of the stake held in SIF Imobiliare PLC (SIFI), which was valued at RON 990 million as at May 31, 2019, the same

as for the calculation of the net asset as at April 30, 2019.

 

The valuation of the stake in SIFI at RON 990 million results from the price of RON 220 per share of the transaction executed on April 25, 2019, as reported in Annex 16 as at April 30, 2019.

According to ASF asset valuation regulations for the calculation of net asset value, transactions made during the last 30 trading days (working days) from the reporting date are considered.

In SIF Banat-Crisana portfolio, the shares issued by SIF Imobiliare PLC are evaluated in accordance with the provisions of the ASF Regulation no. 9/2014 and the ASF Regulation no. 2/2018, depending on whether there are transactions

with SIFI securities in the last 30 trading days (working days).

 

As per the provisions of ASF Regulation no. 9/2014, art. 113, letter (a) pt. 2:

 

”Financial instruments admitted to trading and traded in the last 30 trading days (working days) on a regulated market or in trading systems other than regulated markets, from a Member State, including in an alternative trading system in Romania,

and those admitted at the official rate of stock exchange or an alternative trading system from a third

State shall be valuated as follows: […]

 

2. at the reference price of the day for which the calculation is made, in the case of shares listed in trading systems other than regulated markets, including in other alternative trading systems, provided by the operator of that trading

system for each of the segments of that system.

The price used as the reference price shall be calculated on the basis of the trading day of the day for which the asset is calculated, used as a benchmark in the opening of the trading session of the following day.”

 

 

If there are no transactions during the last trading days, the valuation of SIFI securities is calculated in accordance with the provisions of Article 115 paragraph (2) and paragraph (1) letter (a) pt. (1) of the ASF Regulation no. 9/2014,

at the carrying amount (book value) per share, as it results from the last approved financial statements.

 

 

 

 

 

 

 

 

 

This statement is provided as a free translation from Romanian, which is the official and binding version

 

 

 

 

 

 

 

SIF Banat Crisana

Depository

 

 

 

 

BRD Groupe Societe Generale

 

 



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