NAV as of date July 31, 2019

SIF2 SIF MOLDOVA S.A.

Report date: August 14, 2019

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 / [email protected]

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 July 31, 2019, in compliance with FSA Regulation 9/2014 - Annex 16 - along with a brief analysis of the main evolutions registered in the value and structure of the assets under management.

 

The total value of the assets under management was of 2.212 billion lei, up 1.7% from the previous month.

 

Main developments registered by asset classes:

·         listed shares: + 29.1 million lei;

·         non-UCITS listed shares: + 3,0 million lei;

·         unlisted shares: + 0.04 million lei;

·         fund units: + 7.8 million lei;

·         monetary instruments: + 6.5 million lei.

 

The weight of the main asset classes in the total value of the assets under management: listed shares including the non-UCITS listed shares 67.1%; unlisted shares 9.5%; fund units 11.1%; monetary instruments 11.1%.

 

SIF2 share price was of 1.4150 lei, up 6.8% compared to the previous month, while the net asset value per share was of 2.0972 lei, up 3.8%. The SIF2 price/NAV per share discount is 33%.

 

The net result is in the amount of 152 million lei, comprising of the net profit of 108 million lei and the net gain from the sale of assets reflected in the retained earnings of 44 million lei - accounting treatment in accordance with IFRS 9. Investments in securities amount to 34 million lei.

 

Claudiu Doros                                                                                 

CEO   

 

Catalin Nicolaescu

Compliance Officer

 

STATEMENT OF ASSETS AND LIABILITIES OF SIF MOLDOVA

Date of calculation 31/07/2019 - Monthly, balanta IFRS                                                  Annex 16

 

 

LEI

% total assets

1

NON-CURRENT ASSETS OF WHICH:

452.725.875,72

20,469

1.1

Intangible assets

71.022,00

0,003

1.2

Tangible assets

12.757.044,00

0,577

1.3

Financial assets, of which:

439.897.809,72

19,889

1.3.1

Listed shares, of which:

1.971.107,23

0,089

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

1.971.107,23

0,089

1.3.2

Unlisted shares (closed), of witch:

210.762.411,19

9,529

1.3.2.1

Unlisted shares (closed)

209.072.792,69

9,453

1.3.2.2

untraded SICAR shares

1.689.618,50

0,076

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:

7.648.645,65

0,346

1.3.6.1

Municipal bonds

0,00

0,000

1.3.6.2

Corporate bonds

7.648.645,65

0,346

1.3.7

Listed but never traded in the last 30 trading days, of which:

89.094,61

0,004

1.3.7.1

Municipal bonds

89.094,61

0,004

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

219.299.412,04

9,915

1.3.9.1

Not-traded fund units (non-UCITS)

219.299.412,04

9,915

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:

127.139,00

0,006

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)

127.139,00

0,006

2

CURRENT ASSETS, OF WHICH:

1.758.701.671,33

79,516

2.1

Inventories

4.673,00

0,000

2.2

Claims, of which:

4.814.597,00

0,218

2.2.1.

Trade bills receivable

0,00

0,000

2.2.2.

Other claims

4.814.597,00

0,218

2.3

Cash availability

13.609.595,15

0,615

2.3.1

amounts in current accounts and in the financial investments services company accounts

2.125.715,01

0,096

2.3.2

amounts under settlement

11.483.880,14

0,519

2.3.3

amounts in transit

0,00

0,000

2.4

Short-term financial investments, of which:

1.508.634.213,74

68,210

2.4.1

Listed shares, of which:

1.409.314.044,05

63,719

2.4.1.1

listed on BVB

1.322.396.009,93

59,789

2.4.1.2

listed on foreign markets

0,00

0,000

2.4.1.3

listed on ATS

86.918.034,12

3,930

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

99.320.169,69

4,491

2.4.4.1

Traded fund units (non-UCITS)

0,00

0,000

2.4.4.2

Non-traded fund units (UCITS)

25.795.389,83

1,166

2.4.4.3

Traded shares (non-UCITS)

73.524.779,86

3,324

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

231.244.728,00

10,455

2.8

Certificates of deposit

0,00

0,000

2.9

Other assets

393.864,44

0,018

2.9.1

Amounts to be cashed as a result of withdrawal from companies

392.567,44

0,018

2.9.2

Other current assets

1.297,00

0,000

3

DERIVATIVES

0,00

0,000

4

ACCRUED EXPENSES

327.068,00

0,015

5

TOTAL ASSETS

2.211.754.615,05

100,000

6

TOTAL LIABILITIES, of which:

151.185.309,00

#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

416.481,00

#Error

6.5

Trade bills payable

0,00

#Error

6.6

Amounts due to group entities

0,00

#Error

6.7

Amounts due to associated entities and jointly controlled entities

0,00

#Error

6.8

Other liabilities, of which:

150.768.828,00

#Error

6.8.1

Dividends due to the shareholders

32.529.252,00

#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

118.239.576,00

#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

8.843.743,00

#Error

8

DEFERRED INCOME, of which:

6.077,00

#Error

8.1

Subventions for investments

0,00

#Error

8.2

Deferred Income

6.077,00

#Error

8.3

Deferred income related to the assets received by transfer from clients

0,00

#Error

9

EQUITY CAPITAL, of which:

2.066.165.058,00

#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

792.416.361,00

#Error

9.5

Reported result

373.467.038,00

#Error

9.6

Result of the year

108.344.528,00

#Error

9.7

Profit distribution

0,00

#Error

9.8

Own shares

46.478.440,00

#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

725.188.177,00

#Error

10

TOTAL LIABILITIES

2.226.200.187,00

#Error

11

NET ASSETS

2.060.563.229,05

#Error

12

NUMBER OF ISSUED OUTSTANDING SHARES *

982.545.119

#Error

13

NET ASSET VALUE PER SHARE

2,0972

#Error

14

NUMBER OF COMPANIES IN THE PORTFOLIO, of which:

49

#Error

14.1

Companies admitted to trading on a regulated market

14

#Error

14.2

Companies admitted to trading on an alternative trading system

15

#Error

14.3

Not admitted companies to trading (closed companies)

20

#Error

15

Companies for which no financial information was collected

0

#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 July 31, 2019

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

CEPROHART

2269251

CPHA

84.385

1444 / 18.12.2018

9,8548

831.600,00

Unlisted shares (closed)

1

AGROINTENS SA BUCURESTI

33857839

 

2.996.161

669 / 04.06.2019

12,9207

38.712.349,35

2

AGROLAND CAPITAL SA BACAU

33857820

 

3.812.000

1530 / 31.12.2018

8,9340

34.056.500,00

3

ALIMENCO PASCANI

6101101

 

53.857

1443 / 18.12.2018

25,6977

1.384.000,00

4

ASSET INVEST BACAU

32267040

 

38.330.420

1524 / 31.12.2018

0,0764

2.929.100,00

5

BUCOVINA-TEX RADAUTI

2692358

 

77.820

1523 / 31.12.2018

18,0433

1.404.130,00

6

CASA SA BACAU BACAU

8376788

 

4.658.462

1525 / 31.12.2018

2,2071

10.281.700,00

7

DYONISOS COTESTI

7467373

 

772.824

658 / 30.05.2019

0,6839

528.561,00

8

EXIMBANK BUCURESTI

361560

 

414.740

1442 / 18.12.2018

6,9607

2.886.900,00

9

PARTMEN BACAU

11334812

 

75.748

149 / 31.01.2019

23,9584

1.814.800,00

10

RULMENTI BIRLAD

2808089

 

2.408.645

1527 / 31.12.2018

1,7372

4.184.280,00

11

STRAULESTI LAC ALFA S.A BUCURESTI

36160878

 

3.880.307

146 / 31.01.2019

9,9171

38.481.213,00

12

TESATORIILE REUNITE BUCURESTI

425818

 

10.833.277

147 / 31.01.2019

5,7510

62.302.375,00

13

VASCAR VASLUI

829522

 

327.591

150 / 31.01.2019

5,8539

1.917.700,00

 

Depositary Certification

BRD - Groupe Societe Generale

 

Securities Department

Manager, Claudia IONESCU

 

Certified, Gabriela-Roxana VORONCA

 

Prepared

SIF MOLDOVA

 

CEO, Claudiu DOROS

 

CFO,

 

Assets Assessment Office, Gabriela PETER

 

Compliance Officer,  Catalin NICOLAESCU