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SIF OLTENIA S.A. - SIF5

2018 Q1 report

Release Date: 5/11/2018 6:39:26 PM

IRIS Code: 61072

QUARTERLY REPORT as of 31.03.2018

complying with R.N.S.C. / F.S.A. Regulation no. 1/2006 and Law no.24/2017

 

The activity of SIF OLTENIA SA during the first three months of the year 2018 has been carried out in accordance with the strategy approved by the OGSM.

As of  31.03.2018, the company's assets – calculated according to FSA Regulation no. 9/2014 – recorded a  market value of 1,830,691,659 lei.

The portfolio companies number as of 31.03.2018 was 50, compared to 51 as of 31.12.2017. The nominal value of the portfolio under management was of 544,602,473 lei and the market value of the managed portfolio was of 1,809,839,285 lei,  by 232.32%  higher than the nominal value.

As of 31.03.2018, SIF OLTENIA SA achieved total incomes amounting to 5,716,397 lei.

The total expenses as of 31.03.2018 amounted to 2,422,137 lei.

The net profit recorded as of 31.03.2018 amounted to 2,949,847 lei, representing 3.93% of the one proposed in the Income and Expenditure Budget for the entire year 2018.

 

Top 10 companies from SIF OLTENIA SA portfolio as of 31.03.2018:

No.

Issuer Name

Market value according to FSA Regulation no.9/2014

- lei -

Weight in share capital of issuer

(%)

Weight in total asset of SIF

(%)

Weight in net asset of SIF

(%)

1

BANCA COMERCIALA ROMANA S.A. Bucharest

closed

475,297,579

6.2973

25.9627

26.6799

2

OMV PETROM S.A. Bucharest

Premium

228,355,888

1.2677

12.4737

12.8183

3

BRD – Groupe Societe Generale Bucharest

Premium

224,010,539

2.1287

12.2364

12.5744

4

BANCA TRANSILVANIA S.A. Cluj Napoca

Premium

124,625,268

1.0956

6.8076

6.9956

5

S.N.T.G.N. TRANSGAZ S.A. Medias

Premium

78,950,795

1.6415

4.3126

4.4317

6

C.N.T.E.E. TRANSELECTRICA  Bucharest

Premium

63,727,488

3.6994

3.4811

3.5772

7

ARGUS S.A. Constanta

AeRO

61,783,410

86.3368

3.3749

3.4681

8

FLAROS S.A. Bucharest

AeRO

60,411,806

81.0386

3.2999

3.3911

9

S.N.G.N. ROMGAZ S.A. Medias

Premium

58,577,770

0.4026

3.1998

3.2881

10

ANTIBIOTICE S.A. Iasi

Premium

51,091,449

14.4136

2.7908

2.8679

 

TOTAL

1,426,831,992

 

77.9395

80.0923

 

 

Total asset

1,830,691,659 lei

Net asset

1,781,481,690 lei

Net asset value per share

3,0706 lei

 

Main financial results as of 31.03.2018

No.

Indicator Name

Achieved

as of

31.03.2018

- lei -

31.03.2017

- lei -

Annual forecasts

IEB 2018

- lei -

31.03.2018 /

IEB 2018

(%)

1

TOTAL INCOMES

5,716,397

4,293,611

130,243,100

4.39

2

TOTAL EXPENDITURES

2,422,137

2,650,015

50,927,200

4.76

3

GROSS RESULT - Profit

3,294,260

1,643,596

79,315,900

4.15

4

PROFIT TAX

344,413

115,625

4,180,580

8.24

5

NET RESULT- Profit

2,949,847

1,527,971

75,135,320

3.93

  

ECONOMICAL-FINANCIAL INDICES

Index

Formula

31.03.2018

31.03.2017

Current liquidity index

Current Assets / Current debts

0.1239

0.2373

Indebtedness index

Borrowed capital/Shareholders' equity x 100

 

Borrowed capital/Capital employed x 100

-

 

-

-

 

-

Days sales outstanding

Average balance clients/Turnover x 90

0.0465

-

Fixed assets turnover ratio

Turnover/Fixed assets

0.0032

0.0026

 SIF OLTENIA SA informs the investors that the Quarterly Report as of 31.03.2018 –prepared in accordance with legislation in force – will be available starting from 11.05.2018 hour 06.30 p.m., thus:

 

- on BVB website, www.bvb.ro , market symbol SIF 5

- on company’s website, www.sifolt.ro, at the Investors info section/Reports/Periodical reports, and

- in written form at company’s headoffice, 1 Tufanele Street, Craiova, Dolj.

 

The condensed interim financial statements as of 31.03.2018 are prepared in compliance with the Rule no.39/2015 for approving the Accounting Regulations complying with the International Financial Reporting Standards applicable to authorized entities, regulated and supervised by the Financial Supervisory Authority of Investments and Financial Investments Sector.

We mention that the financial statements as of 31.03.2018 are not audited by the external financial auditor of the company.

 

Associate Prof. PhD ec. Tudor Ciurezu

Chairman / General Manager

  

ec. Viorica Balan

Compliance Officer

 



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