Report date: December 15, 2020
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 / sifm@sifm.ro
Sole registration number at the Trade Register Office: 2816642
EUID: ROONRC J04/2400/92
LEI: 254900Y1O0025N04US14
Share capital: 98.947.917,6 RON
Number of issued shares: 989.479.176
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
We report the following data for the end of November 2020:
· Net result: 40.4 million lei
· Assets under management: 2.079 billion lei
· SIF2 share price: 1.2000 lei
· Net asset value per share: 1.9746 lei
Please find attached SIF Moldova’s Assets and Liabilities Statement as of November 2020, in compliance with FSA Regulation 9/2014 - Annex 16 - along with a brief analysis of the main variations registered in the value and structure of the assets under management.
Main developments registered by asset categories:
· listed shares: +164.0 million lei;
· non-UCITS listed shares: -35.5 million lei;
· unlisted shares: are maintained at the level of the previous month;
· corporate bonds: are maintained at the level of the previous month;
· fund units: +25.5 million lei;
· monetary instruments: -9.8 million lei.
The weight of the main categories of assets in the total value of the assets under management: listed shares including the non-UCITS listed shares 72.1%, unlisted shares 9.6%, fund units 13.6%, monetary instruments 2.9%.
The net result recorded on end of November 2020 is in the amount of 40.4 million lei, comprising of the net profit of 4.4 million lei and the net gain from the sale of assets reflected in the retained earnings of 36 million lei - accounting treatment in accordance with IFRS 9.
The net result, in the amount of 40.4 million lei, consists of 4.4 million lei net profit and 36 million lei net gain from the sale of assets reflected in the carried forward result - accounting treatment according to IFRS 9.
Claudiu Doros
CEO
Catalin Nicolaescu
Compliance Officer
STATEMENT OF ASSETS AND LIABILITIES OF SIF MOLDOVA
Date of calculation 27/11/2020 - Monthly, balanta IFRS Annex 16
|
|
|
LEI
|
% total assets
|
|
1
|
NON-CURRENT ASSETS OF WHICH:
|
487.118.426,86
|
23,435
|
|
1.1
|
Intangible assets
|
367.835,00
|
0,018
|
|
1.2
|
Tangible assets
|
12.793.703,00
|
0,615
|
|
1.3
|
Financial assets, of which:
|
473.956.888,86
|
22,802
|
|
1.3.1
|
Listed shares, of which:
|
3.312.795,19
|
0,159
|
|
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
|
3.312.795,19
|
0,159
|
|
1.3.2
|
Unlisted shares (closed), of witch:
|
199.471.435,75
|
9,596
|
|
1.3.2.1
|
Unlisted shares (closed)
|
197.586.611,91
|
9,506
|
|
1.3.2.2
|
untraded SICAR shares
|
1.884.823,84
|
0,091
|
|
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:
|
17.976.622,22
|
0,865
|
|
1.3.6.1
|
Municipal bonds
|
0,00
|
0,000
|
|
1.3.6.2
|
Corporate bonds
|
17.976.622,22
|
0,865
|
|
1.3.7
|
Listed but never traded in the last 30 trading days, of which:
|
70.714,53
|
0,003
|
|
1.3.7.1
|
Municipal bonds
|
70.714,53
|
0,003
|
|
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
|
253.016.996,17
|
12,172
|
|
1.3.9.1
|
Not-traded fund units (non-UCITS)
|
253.016.996,17
|
12,172
|
|
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:
|
108.325,00
|
0,005
|
|
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)
|
108.325,00
|
0,005
|
|
2
|
CURRENT ASSETS, OF WHICH:
|
1.591.262.240,39
|
76,554
|
|
2.1
|
Inventories
|
165.218,00
|
0,008
|
|
2.2
|
Claims, of which:
|
1.721.770,00
|
0,083
|
|
2.2.1.
|
Trade bills receivable
|
0,00
|
0,000
|
|
2.2.2.
|
Other claims
|
1.721.770,00
|
0,083
|
|
2.3
|
Cash availability
|
87.119,86
|
0,004
|
|
2.3.1
|
amounts in current accounts and in the financial investments services company accounts
|
252.583,36
|
0,012
|
|
2.3.2
|
amounts under settlement
|
-165.463,50
|
-0,008
|
|
2.3.3
|
amounts in transit
|
0,00
|
0,000
|
|
2.4
|
Short-term financial investments, of which:
|
1.528.912.948,83
|
73,555
|
|
2.4.1
|
Listed shares, of which:
|
1.461.416.806,05
|
70,308
|
|
2.4.1.1
|
listed on BVB
|
1.376.177.445,48
|
66,207
|
|
2.4.1.2
|
listed on foreign markets
|
0,00
|
0,000
|
|
2.4.1.3
|
listed on ATS
|
85.239.360,57
|
4,101
|
|
2.4.2
|
Unlisted shares (unlisted but traded on BVB)
|
0,00
|
0,000
|
|
2.4.3
|
Traded bonds, of which:
|
3.906.405,34
|
0,188
|
|
2.4.3.1
|
Municipal bonds
|
0,00
|
0,000
|
|
2.4.3.2
|
Corporate bonds
|
3.906.405,34
|
0,188
|
|
2.4.4
|
UCITS and non-UCITS equity securities
|
63.589.737,44
|
3,059
|
|
2.4.4.1
|
Traded fund units (non-UCITS)
|
0,00
|
0,000
|
|
2.4.4.2
|
Non-traded fund units (UCITS)
|
28.805.582,55
|
1,386
|
|
2.4.4.3
|
Traded shares (non-UCITS)
|
34.784.154,89
|
1,673
|
|
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
|
60.300.743,26
|
2,901
|
|
2.8
|
Certificates of deposit
|
0,00
|
0,000
|
|
2.9
|
Other assets
|
74.440,44
|
0,004
|
|
2.9.1
|
Amounts to be cashed as a result of withdrawal from companies
|
72.967,44
|
0,004
|
|
2.9.2
|
Other current assets
|
1.473,00
|
0,000
|
|
3
|
DERIVATIVES
|
0,00
|
0,000
|
|
4
|
ACCRUED EXPENSES
|
222.579,00
|
0,011
|
|
5
|
TOTAL ASSETS
|
2.078.603.246,25
|
100,000
|
|
6
|
TOTAL LIABILITIES, of which:
|
138.617.582,00
|
#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
|
578.759,00
|
#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:
|
138.038.823,00
|
#Error
|
|
6.8.1
|
Dividends due to the shareholders
|
47.143.182,00
|
#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
|
90.895.641,00
|
#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
|
594.385,00
|
#Error
|
|
8
|
DEFERRED INCOME, of which:
|
5.479,00
|
#Error
|
|
8.1
|
Subventions for investments
|
0,00
|
#Error
|
|
8.2
|
Deferred Income
|
5.479,00
|
#Error
|
|
8.3
|
Deferred income related to the assets received by transfer from clients
|
0,00
|
#Error
|
|
9
|
EQUITY CAPITAL, of which:
|
1.947.196.653,00
|
#Error
|
|
9.1
|
Share capital
|
98.947.918,00
|
#Error
|
|
9.2
|
Premiums related to capital
|
0,00
|
#Error
|
|
9.3
|
Revaluation differences
|
9.498.812,00
|
#Error
|
|
9.4
|
Reserves
|
860.722.099,00
|
#Error
|
|
9.5
|
Reported result
|
386.749.078,00
|
#Error
|
|
9.6
|
Result of the year
|
4.356.983,00
|
#Error
|
|
9.7
|
Profit distribution
|
0,00
|
#Error
|
|
9.8
|
Own shares
|
4.203.805,00
|
#Error
|
|
9.9
|
Reported result due to the adoption of IAS 29 for the first time
|
413.258.538,00
|
#Error
|
|
9.10
|
Share capital adjustments
|
415.454.471,00
|
#Error
|
|
9.11
|
Other equity elements
|
588.929.635,00
|
#Error
|
|
10
|
TOTAL LIABILITIES
|
2.086.414.099,00
|
#Error
|
|
11
|
NET ASSETS
|
1.939.980.185,25
|
#Error
|
|
12
|
NUMBER OF ISSUED OUTSTANDING SHARES *
|
982.468.142
|
#Error
|
|
13
|
NET ASSET VALUE PER SHARE
|
1,9746
|
#Error
|
|
14
|
NUMBER OF COMPANIES IN THE PORTFOLIO, of which:
|
45
|
#Error
|
|
14.1
|
Companies admitted to trading on a regulated market
|
14
|
#Error
|
|
14.2
|
Companies admitted to trading on an alternative trading system
|
13
|
#Error
|
|
14.3
|
Not admitted companies to trading (closed companies)
|
18
|
#Error
|
|
15
|
Companies for which no financial information was collected
|
1
|
#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 November 27, 2020
|
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 BRAILA
|
2269251
|
CPHA
|
84.385
|
85 / 13.01.2020
|
13,8397
|
1.167.867,00
|
|
2
|
MARTENS GALATI
|
1627270
|
MABE
|
72.203
|
78 / 13.01.2020
|
0,0000
|
0,00
|
|
Unlisted shares (closed)
|
|
1
|
AGROINTENS SA BUCURESTI
|
33857839
|
|
3.262.911
|
656 / 28.05.2020
|
13,7237
|
44.779.142,00
|
|
2
|
AGROLAND CAPITAL SA BACAU
|
33857820
|
|
3.812.000
|
80 / 13.01.2020
|
9,3360
|
35.588.832,00
|
|
3
|
ALIMENCO PASCANI
|
6101101
|
|
53.857
|
82 / 13.01.2020
|
34,9904
|
1.884.478,00
|
|
4
|
CASA SA BACAU BACAU
|
8376788
|
|
4.658.462
|
76 / 13.01.2020
|
2,9246
|
13.624.005,00
|
|
5
|
DYONISOS COTESTI
|
7467373
|
|
772.824
|
84 / 13.01.2020
|
0,6475
|
500.404,00
|
|
6
|
EXIMBANK BUCURESTI
|
361560
|
|
414.740
|
77 / 13.01.2020
|
6,1981
|
2.570.600,00
|
|
7
|
RULMENTI BIRLAD
|
2808089
|
|
2.408.645
|
69 / 13.01.2020
|
1,3148
|
3.167.000,00
|
|
8
|
STRAULESTI LAC ALFA S.A BUCURESTI
|
36160878
|
|
3.880.307
|
74 / 13.01.2020
|
8,8899
|
34.495.687,00
|
|
9
|
TESATORIILE REUNITE BUCURESTI
|
425818
|
|
1.763.027
|
598 / 12.05.2020
|
28,5568
|
50.346.472,00
|
|
Unlisted shares and shares listed and not traded in the last 30 trading days, whose financial statements are not available within 90 days from the legal periods for submission
|
|
1
|
BUCOVINA-TEX RADAUTI
|
2692358
|
|
77.820
|
83 / 13.01.2020
|
22.6360
|
1,761,534.00
|
Depositary Certification
BRD - Groupe Societe Generale
Securities Department
Manager, Claudia IONESCU
Certified, Ionela RADUCU
Prepared
SIF MOLDOVA
CEO, Claudiu DOROS
Assets Assessment Office,
Coordinator, Marta ANTOCHI
Drafted, Gabriela PETER
Compliance Officer, Catalin NICOLAESCU