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SIF MUNTENIA S.A. - SIF4

NAV as of date of February 28, 2019

Release Date: 3/14/2019 6:00:02 PM

IRIS Code: 86E17

STATEMENT OF ASSETS AND LIABILITIES OF SIF MUNTENIA
 AS OF FEBRUARY 28, 2019

VALUES CALCULATED ACCORDING TO A.S.F. REGULATIONS

 

 

LEI

% of total assets

1

NON-CURRENT ASSETS, OF WHICH:

452,961,266.23

27.84

1.1

Intangible assets

605,781.15

0.04

1.2

Tangible assets

93,174.49

0.01

1.3

Financial assets, of which :

452,262,310.59

27.80

1.3.1

Listed shares:

110,622,462.59

6.80

1.3.2

Unlisted shares

193,878,149.42

11.92

1.3.3

Government securities

0.00

0.00

1.3.4

Bank deposits

0.00

0.00

1.3.5

Unlisted municipal bonds

0.00

0.00

1.3.6

Unlisted corporate bonds

6,655,484.64

0.41

1.3.7

Newly issued securities

0.00

0.00

1.3.8

UCITS and non-UCITS units

141,094,239.68

8.67

1.3.9

Other financial assets

11,974.26

0.00

2

CURRENT ASSETS OF WHICH:

1,173,806,249.03

72.15

2.1

Inventories

14,572.81

0.00

2.2

Receivebles

9,257,887.83

0.57

2.3

Cash and equivalents, of which:

666,525.42

0.04

2.3.1

Current bank accounts

1,760,915.26

0.11

2.3.2

Amounts under settlement

-1,093,362.60

-0.07

2.4

Short-term financial investments, of which:

1,132,201,334.00

69.60

2.4.1

Listed shares, of which:

1,023,936,142.99

62.94

2.4.1.1

Shares listed on Bucharest Stock Exchange

569,421,496.86

35.00

2.4.1.2

Shares issued by closed end funds (non-UCITS) listed on Bucharest Stock Exchange

91,543,541.92

5.63

2.4.1.3

Shares listed on foreign markets

0.00

0.00

2.4.1.4

Shares listed on Sibiu Stock Exchange

0.00

0.00

2.4.1.5

Shares listed on AeRO-XRS1 (ATS market)

362,971,104.23

22.31

2.4.1.6

Shares listed on SIBEX-ATS (ATS market)

0.00

0.00

2.4.2

Listed municipal bonds

0.00

0.00

2.4.3

Listed corporate bonds

84,154,687.84

5.17

2.4.4

Short term investments in UCITS and non-UCITS units

24,110,503.15

1.48

2.4.5

Dividend and other receivables

0.00

0.00

2.5

Newly issued securities

0.00

0.00

2.6

Government securities

0.00

0.00

2.7

Bank deposits

29,136,402.74

1.79

2.8

Certificates of deposit

0.00

0.00

2.9

Other current assets

2,529,526.23

0.16

3

STRUCTURED INVESTMENT PRODUCTS

0.00

0.00

4

Prepaid expenses

40,671.01

0.00

5

TOTAL ASSETS

1,626,808,186.27

100.00

6

TOTAL LIABILITIES, OF WHICH:

88,471,748.32

 

6.1

Debenture loans

0.00

 

6.2

Amounts due to banks or other credit institutions

0.00

 

6.3

Payments in advance received from clients

0.00

 

6.4

Commercial debts

1,668,612.82

 

6.5

Payable bills of exchange

0.00

 

6.6

Amounts owed to own group companies

0.00

 

6.7

Amounts owed related to participation interests

0.00

 

6.8

Payable dividends

66,470,157.93

 

6.9

Other liabilities

20,332,977.57

 

7

PROVISIONS FOR LIABILITIES AND EXPENSES

0.00

 

8

DEFFERED INCOME

0.00

 

9

SHAREHOLDERS EQUITY, OF WHICH :

1,286,106,418.39

 

9.1

Share capital

80,703,651.50

 

9.2

Premium related to capital

0.00

 

9.3

Differences from reevaluation

0.00

 

9.4

Reserves

687,781,494.34

 

9.5

Retained earnings, of which:

471,130,527.76

 

9.5.1

Gain / (loss) from derecognition of financial asset measured at fair value through other comprehensive income according to IFRS 9

80,974,848.32

 

9.6

YTD result

6,092,863.94

 

9.7

Profit appropiation

0.00

 

10

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

1,374,578,166.71

 

11

NET ASSET VALUE

1,538,336,437.95

 

12

Total number of shares issued by SIF Muntenia

807,036,515.00

 

13

NET ASSET VALUE PER SHARE

1.9062

 

14

TOTAL NUMBER OF COMPANIES IN OWN PORTFOLIO, OF WHICH:

140

 

14.1

Companies listed on regulated markets

22

 

14.2

Companies listed on an alternative trading system (ATS)

36

 

14.3

Companies not listed

82

 

 

Remarks:

·         The book values used in the report above are from SIF Muntenia’s balance sheet concluded for February 28th  2019 using IFRS

·         The report above is certified by SIF Muntenia’s Depositary BRD – Groupe Societe Generale

 

 

IMPORTANT!

In the February 28th, 2019 SIF Muntenia Net Asset Value (NAV) the stake held in Avicola SA Bucuresti (traded on AeRO – simbol AVBW) incresed it’s value with a significant amount – 219.123.766 lei – compared with the same stake value used for January 31, 2019 SIF Muntenia NAV

For the above mentioned situation, we want to highlight the following:

·         The AVBW stake value used for January 31, 2019 SIF Muntenia NAV was determined using a valuation report concluded by a certified valuation compani (CMF Consulting) as for October 31, 2018 (3,1446 lei/share)

·         AVBW has an extremly low liquidity

·         The AVBW stake value used for February 28, 2019 SIF Muntenia NAV it’s the close price as for February 27, 2019

·         Between February 08- February 27 2019 were made only four transactions each of only one share, with prices between 25 and 30,6 lei/share.

More information regarding the rules used for the valuation of the financial assets from SIF Muntenia’s portfolio can be downloaded at the following link http://www.sifmuntenia.ro/investitii/activ-net/reguli-privind-evaluarea-activelor/

  

 

 

 

ANNEX – Financial Assets from SIF Muntenia’s portfolio that were valuated for February 28th, 2019 using International Valuation Standards

 

Shares not listed

Count

Company

Fiscal Reg. No.

No. of shares

 

Valuation date

Value

Held

Paid

lei/share

Lei for entire stake held by SIF4

1.

CI-CO

167

2.634.060

2.634.060

31.12.2018

16,8515

44.387.862,00

2.

FIROS

434492

2.815.576

2.815.576

31.12.2018

15,5180

43.692.108,00

3.

FRGC

3682077

8.610.644

8.610.644

31.12.2018

1,0972

9.447.499,00

4.

GECSATHERM

22409260

98.186

98.186

31.12.2018

121,5550

11.934.999,00

5.

ICPE

423140

1.595.127

1.595.127

31.10.2018

9,1176

14.543.805,00

6.

MUNTENIA

MEDICAL COMPETENCES

23553484

1.882.496

1.882.496

31.12.2018

17,2228

32.421.852,00

7.

VOLUTHEMA PROPERTY DEVELOPER

23207014

2.031.841

2.031.841

31.12.2018

7,0749

14.375.072.00

8.

SEMROM OLTENIA SA

10610146

9.879.418

9.879.418

31.12.2018

1,4860

14.680.815

9.

UNISEM

302

60.701.527

60.701.527

31.12.2018

0,3492

21.195.789,00

 

 



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