Report date: December 13, 2018
Current report according to: Law 24/2017, ASF Regulation 10/2015 and 9/2014
Issuer name: Societatea de Investitii Financiare MOLDOVA S.A.
Headquarters: 94C Pictor Aman street, Bacau
Phone/fax/e-mail: 0234576740 / 0234570062 / sifm@sifm.ro
Sole registration number at the Trade Register Office: 2816642
Trade Register Number: J04/2400/92
LEI: 254900Y1O0025N04US14
Share capital: 101.317.917,6 RON
Number of issued shares: 1,013,179,176
Nominal Value: 0.1 RON/share
Ownership structure: 100% private
Free float: 100%
ASF Register: PJR071AFIAA/040002
Regulated market on which the issued securities are traded: Bucharest Stock Exchange, Premium category
International identifiers:
Bucharest Stock Exchange: SIF2
ISIN: ROSIFBACNOR0
Bloomberg: BBGID BG000BMN5F5
Reuters: SIF2.BX
To: BUCHAREST STOCK EXCHANGE
FINANCIAL SUPERVISORY AUTHORITY
Financial Instruments and Investments Sector
Please find attached SIF Moldova Assets and Liabilities Statement on November 29, 2018, in compliance with FSA Regulation 9/2014 - Annex 16 - along with a brief analysis of the main variations registered in the value and structure of the assets under management.
The total value of the assets under management was of 2.067 billion lei, up 0.9% from the previous month.
The value of asset classes has evolved as follows:
· listed shares: - 34.8 million lei;
· listed non-UCITS shares: relatively constant;
· unlisted shares: relatively constant;
· non-traded fund units: + 41.4 million lei;
· monetary instruments: + 42.0 million lei.
The weight of the main asset classes in the total value of the assets under management as of November 29, 2018: listed shares, including non-UCITS listed shares 72.8% (-2.3%), unlisted shares 10% (-0.1%), non-traded fund units 10.8% (+1.9%), monetary instruments 5.0 (+2.0%).
Compared to the previous month, the share price increased by 7.6% (SIF2 = 1,2800 lei), while the net asset value per share remained relatively constant (NAV/ share = 1,9360 lei), resulting a SIF2 price/NAV per share discount decrease from 38% to 34%.
The net result is RON 102 million as of November 29, 2018 comprised of the net profit of RON 59 million and the net gain from disposal of assets reflected in the retained earnings of RON 43 million (accounting treatment according to IFRS 9).
Claudiu Doros
CEO
Michaela Puscas
Compliance Officer
STATEMENT OF ASSETS AND LIABILITIES OF SIF MOLDOVA
Date of calculation 29/11/2018 - Monthly, balanta IFRS
Annex 16
|
|
|
LEI
|
% total assets
|
|
1
|
NON-CURRENT ASSETS OF WHICH:
|
432.251.295,89
|
20,910
|
|
1.1
|
Intangible assets
|
28.795,00
|
0,001
|
|
1.2
|
Tangible assets
|
11.909.595,00
|
0,576
|
|
1.3
|
Financial assets, of which:
|
420.312.905,89
|
20,333
|
|
1.3.1
|
Listed shares, of which:
|
8.871.705,11
|
0,429
|
|
1.3.1.1
|
shares listed but never traded
|
0,00
|
0,000
|
|
1.3.1.2
|
shares listed but never traded in the last 30 days
|
8.871.705,11
|
0,429
|
|
1.3.2
|
Unlisted shares (closed), of witch:
|
206.604.148,90
|
9,995
|
|
1.3.2.1
|
Unlisted shares (closed)
|
205.105.000,97
|
9,922
|
|
1.3.2.2
|
untraded SICAR shares
|
1.499.147,93
|
0,073
|
|
1.3.3
|
Government securities
|
0,00
|
0,000
|
|
1.3.4
|
Certificates of deposit
|
0,00
|
0,000
|
|
1.3.5
|
Bank deposits
|
0,00
|
0,000
|
|
1.3.6
|
Unlisted bonds, of which:
|
7.674.276,91
|
0,371
|
|
1.3.6.1
|
Municipal bonds
|
0,00
|
0,000
|
|
1.3.6.2
|
Corporate bonds
|
7.674.276,91
|
0,371
|
|
1.3.7
|
Listed but never traded in the last 30 trading days, of which:
|
94.395,50
|
0,005
|
|
1.3.7.1
|
Municipal bonds
|
94.395,50
|
0,005
|
|
1.3.7.2
|
Corporate bonds
|
0,00
|
0,000
|
|
1.3.8
|
Newly issued securities
|
0,00
|
0,000
|
|
1.3.9
|
UCITS and non-UCITS equity securities
|
196.959.011,47
|
9,528
|
|
1.3.9.1
|
Not-traded fund units (non-UCITS)
|
196.959.011,47
|
9,528
|
|
1.3.9.2
|
Not-traded shares (non-UCITS)
|
0,00
|
0,000
|
|
1.3.9.3
|
ETF
|
0,00
|
0,000
|
|
1.3.10
|
Total other financial assets, of which:
|
109.368,00
|
0,005
|
|
1.3.10.1
|
Loans granted to group entities, associated entities and jointly controlled entities
|
0,00
|
0,000
|
|
1.3.10.2
|
Other financial assets (bail + guarantees administrators)
|
109.368,00
|
0,005
|
|
2
|
CURRENT ASSETS, OF WHICH:
|
1.634.664.341,93
|
79,078
|
|
2.1
|
Inventories
|
5.347,00
|
0,000
|
|
2.2
|
Claims, of which:
|
7.147.878,00
|
0,346
|
|
2.2.1.
|
Trade bills receivable
|
0,00
|
0,000
|
|
2.2.2.
|
Other claims
|
7.147.878,00
|
0,346
|
|
2.3
|
Cash availability
|
915.426,85
|
0,044
|
|
2.3.1
|
amounts in current accounts and in the financial investments services company accounts
|
809.110,98
|
0,039
|
|
2.3.2
|
amounts under settlement
|
106.315,87
|
0,005
|
|
2.3.3
|
amounts in transit
|
0,00
|
0,000
|
|
2.4
|
Short-term financial investments, of which:
|
1.522.061.017,57
|
73,631
|
|
2.4.1
|
Listed shares, of which:
|
1.430.765.626,07
|
69,214
|
|
2.4.1.1
|
listed on BVB
|
1.348.354.890,67
|
65,228
|
|
2.4.1.2
|
listed on foreign markets
|
0,00
|
0,000
|
|
2.4.1.3
|
listed on ATS
|
82.410.735,40
|
3,987
|
|
2.4.2
|
Unlisted shares (unlisted but traded on BVB)
|
0,00
|
0,000
|
|
2.4.3
|
Traded bonds, of which:
|
0,00
|
0,000
|
|
2.4.3.1
|
Municipal bonds
|
0,00
|
0,000
|
|
2.4.3.2
|
Corporate bonds
|
0,00
|
0,000
|
|
2.4.4
|
UCITS and non-UCITS equity securities
|
91.295.391,50
|
4,416
|
|
2.4.4.1
|
Traded fund units (non-UCITS)
|
0,00
|
0,000
|
|
2.4.4.2
|
Non-traded fund units (UCITS)
|
25.438.900,04
|
1,231
|
|
2.4.4.3
|
Traded shares (non-UCITS)
|
65.856.491,46
|
3,186
|
|
2.4.4.4
|
ETF
|
0,00
|
0,000
|
|
2.4.5
|
Dividends or other receivables, of which:
|
0,00
|
0,000
|
|
2.4.5.1
|
Preference/allocation rights
|
0,00
|
0,000
|
|
2.4.5.2
|
dividends due from listed issuers
|
0,00
|
0,000
|
|
2.4.5.3
|
bonus shares
|
0,00
|
0,000
|
|
2.4.5.4
|
shares distributed with cash contribution
|
0,00
|
0,000
|
|
2.4.5.5
|
amounts due from capital decreases
|
0,00
|
0,000
|
|
2.5
|
Newly issued securities
|
0,00
|
0,000
|
|
2.6
|
Government securities
|
0,00
|
0,000
|
|
2.7
|
Bank deposits
|
102.928.907,57
|
4,979
|
|
2.8
|
Certificates of deposit
|
0,00
|
0,000
|
|
2.9
|
Other assets
|
1.605.764,94
|
0,078
|
|
2.9.1
|
Amounts to be cashed as a result of withdrawal from companies
|
1.604.005,94
|
0,078
|
|
2.9.2
|
Other current assets
|
1.759,00
|
0,000
|
|
3
|
DERIVATIVES
|
0,00
|
0,000
|
|
4
|
ACCRUED EXPENSES
|
239.447,00
|
0,012
|
|
5
|
TOTAL ASSETS
|
2.067.155.084,82
|
100,000
|
|
6
|
TOTAL LIABILITIES, of which:
|
148.354.634,00
|
#Error
|
|
6.1
|
Loans from bond issue
|
0,00
|
#Error
|
|
6.2
|
Amounts due to credit institutions
|
0,00
|
#Error
|
|
6.3
|
Advance payments received from clients
|
0,00
|
#Error
|
|
6.4
|
Trade creditors
|
654.562,00
|
#Error
|
|
6.5
|
Trade bills payable
|
0,00
|
#Error
|
|
6.6
|
Amounts due to group entities
|
1.380.000,00
|
#Error
|
|
6.7
|
Amounts due to associated entities and jointly controlled entities
|
9.320.000,00
|
#Error
|
|
6.8
|
Other liabilities, of which:
|
137.000.072,00
|
#Error
|
|
6.8.1
|
Dividends due to the shareholders
|
35.793.153,00
|
#Error
|
|
6.8.2
|
Amounts subscribed and not paid to the share capital increases of the issuers
|
0,00
|
#Error
|
|
6.8.3
|
Other debts
|
101.206.919,00
|
#Error
|
|
6.9
|
Debts from financial leasing operations
|
0,00
|
#Error
|
|
6.10
|
Debts resulting from derivative operations
|
0,00
|
#Error
|
|
7
|
PROVISIONS FOR LIABILITIES AND EXPENSES
|
8.592.542,00
|
#Error
|
|
8
|
DEFERRED INCOME, of which:
|
6.376,00
|
#Error
|
|
8.1
|
Subventions for investments
|
0,00
|
#Error
|
|
8.2
|
Deferred Income
|
6.376,00
|
#Error
|
|
8.3
|
Deferred income related to the assets received by transfer from clients
|
0,00
|
#Error
|
|
9
|
EQUITY CAPITAL, of which:
|
1.899.337.180,00
|
#Error
|
|
9.1
|
Share capital
|
101.317.918,00
|
#Error
|
|
9.2
|
Premiums related to capital
|
0,00
|
#Error
|
|
9.3
|
Revaluation differences
|
9.713.543,00
|
#Error
|
|
9.4
|
Reserves
|
762.052.642,00
|
#Error
|
|
9.5
|
Reported result
|
328.994.974,00
|
#Error
|
|
9.6
|
Result of the year
|
58.771.651,00
|
#Error
|
|
9.7
|
Profit distribution
|
0,00
|
#Error
|
|
9.8
|
Own shares
|
28.491.201,00
|
#Error
|
|
9.9
|
Reported result due to the adoption of IAS 29 for the first time
|
423.209.502,00
|
#Error
|
|
9.10
|
Share capital adjustments
|
425.405.435,00
|
#Error
|
|
9.11
|
Other equity elements
|
664.781.720,00
|
#Error
|
|
10
|
TOTAL LIABILITIES
|
2.056.290.732,00
|
#Error
|
|
11
|
NET ASSETS
|
1.918.794.074,82
|
#Error
|
|
12
|
NUMBER OF ISSUED OUTSTANDING SHARES *
|
991.113.939
|
#Error
|
|
13
|
NET ASSET VALUE PER SHARE
|
1,9360
|
#Error
|
|
14
|
NUMBER OF COMPANIES IN THE PORTFOLIO, of which:
|
64
|
#Error
|
|
14.1
|
Companies admitted to trading on a regulated market
|
13
|
#Error
|
|
14.2
|
Companies admitted to trading on an alternative trading system
|
18
|
#Error
|
|
14.3
|
Not admitted companies to trading (closed companies)
|
33
|
#Error
|
|
15
|
Companies for which no financial information was collected
|
1
|
#Error
|
|
* According to article 123 paragraph (3) of FSA Regulation 9/2014, regarding the NAV/share calculation, this position represents: 'The number of
issued outstanding shares at that date, excluding the own shares bought back by the company'
|
ANNEX – according to Article 122 paragraph (8) of ASF Regulation no. 9/2014
SIF Moldova portfolio assets which were assessed by valuation methods in accordance with International Valuation Standards, on November 29, 2018
|
No.
|
Issuer
|
Fiscal Code
|
Symbol
|
Number of shares held
|
No/Evaluation Report date
|
Value
|
|
RON / share
|
total
|
|
Shares listed and not traded in the last 30 trading days
|
|
1
|
MARTENS GALATI
|
1627270
|
MABE
|
72.203
|
875 / 31.07.2018
|
4,7796
|
345.100,00
|
|
2
|
SPIT BUCOVINA SUCEAVA
|
728129
|
SPTU
|
1.162.275
|
388 / 21.02.2017
|
1,6151
|
1.877.219,00
|
|
3
|
TRANSTEC TECUCI
|
1632935
|
TRCS
|
286.699
|
1044 / 30.06.2017
|
1,5940
|
457.000,00
|
|
Unlisted shares (closed)
|
|
1
|
AGROINTENS SA BUCURESTI
|
33857839
|
|
2.612.161
|
1101 / 05.10.2018
|
12,5800
|
32.860.985,38
|
|
2
|
AGROLAND CAPITAL SA BACAU
|
33857820
|
|
3.812.000
|
1212 / 05.11.2018
|
8,9340
|
34.056.550,00
|
|
3
|
ALIMENCO PASCANI
|
6101101
|
|
53.857
|
388 / 21.02.2017
|
24,8661
|
1.339.212,00
|
|
4
|
ALIMENTARA CLUJ NAPOCA
|
199192
|
|
5.910.898
|
350 / 30.03.2018
|
0,7104
|
4.199.272,21
|
|
5
|
ASSET INVEST BACAU
|
32267040
|
|
38.330.420
|
173 / 07.02.2018
|
0,0774
|
2.965.500,00
|
|
6
|
BUCOVINA-TEX RADAUTI
|
2692358
|
|
77.820
|
388 / 21.02.2017
|
24,8703
|
1.935.406,00
|
|
7
|
CASA SA BACAU BACAU
|
8376788
|
|
4.658.462
|
775 / 05.07.2018
|
2,3957
|
11.160.400,00
|
|
8
|
DYONISOS COTESTI
|
7467373
|
|
772.824
|
773 / 05.07.2018
|
0,6220
|
480.700,00
|
|
9
|
EXIMBANK BUCURESTI
|
361560
|
|
414.740
|
388 / 21.02.2017
|
6,2418
|
2.588.718,00
|
|
10
|
HUMOREANCA GURA HUMORULUI
|
736075
|
|
11.320
|
1044 / 19.09.2018
|
34,1078
|
386.100,00
|
|
11
|
HYPERION IASI
|
3912346
|
|
116.433
|
1044 / 30.06.2017
|
6,2456
|
727.196,00
|
|
12
|
PARTMEN BACAU
|
11334812
|
|
75.748
|
388 / 21.02.2017
|
17,5467
|
1.329.126,00
|
|
13
|
RULMENTI BIRLAD
|
2808089
|
|
2.408.645
|
1045 / 19.09.2018
|
1,5911
|
3.832.350,00
|
|
14
|
STRAULESTI LAC ALFA S.A BUCURESTI
|
36160878
|
|
3.880.307
|
843 / 20.07.2018
|
9,9938
|
38.779.000,00
|
|
15
|
TESATORIILE REUNITE BUCURESTI
|
425818
|
|
10.833.277
|
874 / 31.07.2018
|
5,3539
|
58.000.600,00
|
|
16
|
VASCAR VASLUI
|
829522
|
|
327.591
|
1481 / 29.09.2017
|
6,2767
|
2.056.200,00
|
Depositary Certification
BRD - Groupe Societe Generale
Securities Department
Manager, Claudia IONESCU
Certified, Gabriela-Roxana VORONCA
Prepared
SIF MOLDOVA
CEO, Claudiu DOROS
CFO, Decebal DUMITRESCU
Assets Assessment Office, Gabriela PETER
Compliance Officer, Catalin NICOLAESCU