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SIF BANAT CRISANA S.A. - SIF1

NAV as of date 04/30/2019

Release Date: 5/15/2019 6:15:10 PM

IRIS Code: 15E09

 

 

 

STATEMENT OF

annex  no. 16

 

 

 

 

assets and liabilities of SIF Banat-Crisana as at

 

 

 

 

 

04/30/2019

 

 

 

 

DESIGNATION

VALUE [RON]

 

 

1. Non-current assets

                                                                         659,402,795

 

 

 

1.1 Intangible assets

                                                                                   12,642

 

 

 

1.2 Tangible assets

                                                                           23,262,862

 

 

 

1.3 Financial assets

                                                                         636,127,291

 

 

 

 

1.3.1 Listed shares

                                                                           29,955,447

 

 

 

 

1.3.2 Unlisted shares

                                                                         204,385,279

 

 

 

 

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

                                                                         115,999,537

 

 

 

 

1.3.8 Newly issued securities

                                                                                            -  

 

 

 

 

1.3.9 Units of UCITS and / or non-UCITS

                                                                         285,787,028

 

 

 

 

1.3.10 Other financial assets

                                                                                            -  

 

 

2. Current assets

                                                                     2,555,850,841

 

 

 

2.1 Inventories

                                                                                     2,239

 

 

 

2.2 Receivables, of which:

                                                                                 164,113

 

 

 

 

2.2.1 Dividends receivables

                                                                                            -  

 

 

 

 

2.2.2 Receivables rights

                                                                                            -  

 

 

 

 

2.2.3 Other receivables

                                                                                 164,113

 

 

 

2.3 Cash and equivalents

                                                                           39,357,534

 

 

 

2.4 Short term financial investments

                                                                     2,487,259,723

 

 

 

 

2.4.1 Listed shares

                                                                     2,371,652,698

 

 

 

 

2.4.2 Unlisted shares

                                                                                            -  

 

 

 

 

2.4.3 Municipal bonds

                                                                                            -  

 

 

 

 

2.4.4 Corporate bonds

                                                                             5,100,789

 

 

 

 

2.4.5 Units of UCITS and / or non-UCITS

                                                                         110,506,236

 

 

 

2.5 Newly issued securities

                                                                                            -  

 

 

 

2.6 Government securities

                                                                                            -  

 

 

 

2.7 Bank deposits

                                                                           29,058,840

 

 

 

2.8 Certificates of deposit

                                                                                            -  

 

 

 

2.9 Other current assets

                                                                                     8,392

 

 

3. Derivatives

                                                                                            -  

 

 

4. Prepaid expenses

                                                                                 215,793

 

 

5. Total assets

                                                                     3,215,469,428

 

 

6. Total liabilities

                                                                         130,680,625

 

 

 

6.1 Loans from bond isssues

                                                                                            -  

 

 

 

6.2 Amounts owed to credit institutions

                                                                                            -  

 

 

 

6.3 Advances received from clients

                                                                                            -  

 

 

 

6.4 Trade payables

                                                                                   62,514

 

 

 

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:

                                                                         130,618,111

 

 

 

 

 - deferred income tax

                                                                         129,915,461

 

 

7. Provisions for expenses 

                                                                                            -  

 

 

8. Deferred income, of which:

                                                                                   11,519

 

 

 

8.1 Investment subsidies

                                                                                            -  

 

 

 

8.2 Deferred income

                                                                                   11,519

 

 

9. Shareholders' equity, of which:

                                                                     2,398,999,367

 

 

 

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

                                                                         586,184,646

 

 

 

9.7 Result for the period (YTD)

5,621,422

 

 

 

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

                                                                         681,978,162

 

 

10. Total liabilities

                                                                     2,529,691,511

 

 

11. Net asset

                                                                     3,214,692,745

 

* *

12. The total number of outstanding shares

                                                                         517,371,068

 

 

13. Net asset value per share

                                                                                   6.2135

 

 

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

                                                                                         128

 

 

 

14.1 Companies admitted to trading on a regulated market

                                                                                           20

 

 

 

14.2 Companies admitted to trading on an alternative trading system

                                                                                           27

 

 

 

14.3 Unlisted companies

                                                                                           81

 

 

 

 

 

 

 

*

 -

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 Net Asset Value of SIF Banat-Crisana as at April 30, 2019 recorded an increase by RON 913,007,769, upsurge of 39,67% as compared to the value calculated as at March 29, 2019. Mainly, the increase is caused by the significant upsurge of SIF Imobiliare PLC stock, amounting to RON 990 million as at April 30, 2019 (representing RON 220/share), compared to RON 159 million (RON 35.3/share) on March 29, 2019.

SIF Imobiliare PLC is an issuer listed on the Bucharest Stock Exchange on the AeRO market (traded under market symbol SIFI) but having a very low liquidity.

Between January and March 2019, there were no transactions with SIFI shares.

On April 25, 2019 there was a transaction with SIFI shares at the price of RON 220 / share.

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.”

Thus, the value of SIFI shares recorded for the calculation of SIF Banat-Crisana's net asset value as at April 30, 2019 was of RON 220 / share (as per the transaction dated April 25, 2019), based on the above-mentioned provisions.

For the period January - March 2019, during which no transactions were recorded, the valuation of SIFI securities was 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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