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2019 Annual Report

Release Date: 5/22/2020 5:44:54 PM

IRIS Code: F92CD


No. 3447/22.05.2020

To:          Bucharest Stock Exchange

                Financial Supervisory Authority

-          Financial Instruments and Investments Sector





In accordance with Law no. 24/2017, the F.S.A. Regulation no. 5/2018 and the Bucharest Stock Exchange Rulebook, S.I.F. Transilvania informs the shareholders and investors that the Annual Report for the Financial Year 2019, approved by the Ordinary General Meeting of Shareholders of 28.04.2020, is available starting on 22.05.2020, as follows:

-          on the Company’s website, at the address www.siftransilvania.ro, Section “Investor Relations/Reports/Periodical Reports”

-          on the B.S.E. website, at the address www.bvb.ro and

-          at the Company’s headquarters, in Brasov, 2, Nicolae Iorga Street, Shareholders Department.

The 2019 Annual Report includes:

-            Executive Board’s report for the year 2019, prepared according to Annex no. 15 to the F.S.A. Regulation no. 5/2018;

-            Supervisory Board’s report for the year 2019 (approved by the Supervisory Board on 27.04.2020);

-            Independent auditor’s report and financial statements for the year ended 31.12.2019, prepared in accordance with the International Financial Reporting Standards (I.F.R.S.) and the F.S.A. Rule no. 39/28.12.2015 for the approval of the accounting regulations complying with the I.F.R.S.;

-            Statement of the Company’s legal representatives in accordance with the provisions of the Accounting Law no. 82/1991, republished and article 126 (1) of the F.S.A. Regulation no. 5/2018;

-            Statement of assets and liabilities as at 31.12.2019 and detailed statement of investments, prepared according to Annex no. 16 and Annex no. 17 to the N.S.C. Regulation no. 15/2004;

-            Proposal regarding the distribution of the 2019 net profit;

-            Revenue and expenditure budget and investment program for 2020.

Additional information on the 2019 Annual Report can be obtained by phone, at 0268/401133 and 0268/401134, contact persons: Mrs. Diana Veres – Financial Manager and Mrs. Adriana Boian – Financial-banking expert.



Marius Adrian Moldovan

Executive President/CEO


Tony-Cristian Raduta-Gib

Member of the Executive Board/Director






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