If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Friday, October 2, 2020 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


NAV as of date 06/30/2020

Release Date: 7/15/2020 6:00:04 PM

IRIS Code: 8CA0F





annex  no. 16




assets and liabilities of SIF Banat-Crisana as at












1. Non-current assets




1.1 Intangible assets




1.2 Tangible assets




1.3 Financial assets





1.3.1 Listed shares





1.3.2 Unlisted shares





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





1.3.8 Newly issued securities





1.3.9 Units of UCITS and / or AIF





1.3.10 Other financial assets



2. Current assets




2.1 Inventories




2.2 Receivables, of which:





2.2.1 Dividends receivables





2.2.2 Receivables rights





2.2.3 Other receivables




2.3 Cash and equivalents




2.4 Short term financial investments





2.4.1 Listed shares





2.4.2 Unlisted shares





2.4.3 Municipal bonds





2.4.4 Corporate bonds





2.4.5 Units of UCITS and / or AIF




2.5 Newly issued securities




2.6 Government securities




2.7 Bank deposits




2.8 Certificates of deposit




2.9 Other current assets



3. Derivatives



4. Prepaid expenses



5. Total assets



6. Total liabilities




6.1 Loans from bond isssues




6.2 Amounts owed to credit institutions




6.3 Advances received from clients




6.4 Trade payables




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:





 - deferred income tax



7. Provisions for expenses 



8. Deferred income, of which:




8.1 Investment subsidies




8.2 Deferred income



9. Shareholders' equity, of which:




9.1 Share capital




9.2 Share capital premiums




9.3 Revaluation differences




9.4 Reserves




9.5  Own shares




9.6 Retained earnings




9.7 Result for the period (YTD)




9.8 Profit appropriation




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




9.10  Items treated as capital




9.11   Other elements of equity



10. Total liabilities



11. Net asset


* *

12. The total number of outstanding shares



13. Net asset value per share



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




14.1 Companies admitted to trading on a regulated market




14.2 Companies admitted to trading on an alternative trading system




14.3 Unlisted companies









The value of own shares repurchased in the buyback programs approved by the GMS of April 26, 2018, carried out



through market transactions between October 2 - 26, 2018, and the PTO carried out during October 22 - November 4, 2019.






* *


 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"













We inform the investors that SIF Banat-Crisana’s Net Asset Value as of June 30, 2020 includes the value of stake held in SIF Imobiliare PLC valued at RON 1,287 million, representing RON 286/share (market price as of the date of the last


transaction on May 19, 2020)



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 May 2019 and April 2020, there were no transactions with SIFI shares.



On May 19, 2020 there was a single transaction with one SIFI share, at the price of RON 286 / 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:



” Art. 113 - 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.”


Thus, the value of SIFI shares recorded for the calculation of SIF Banat-Crisana's net asset value as of June 30, 2020 was of RON 286 / share (as per the transaction dated May 19, 2020), based on the above-mentioned provisions.





For the period June 2019 - April 2020, 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.










We state that the transactions recorded on the market with SIFI shares were not performed by SIF Banat-Crisana or its affiliates.


We inform the investors that SIF Banat-Crisana notified ASF of the market transactions with SIFI shares, given their sporadic nature and the overvalued price per share compared to the fair value resulting from other valuation techniques causing significant changes in the net asset value of SIF Banat-Crisana.










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








SIF Banat Crisana






Banca Comerciala Romana




Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved