Lion Capital S.A.
Condensed interim separate financial statements
as of June 30, 2023
prepared in accordance with Norm no. 39/2015 for the approval of accounting regulations in accordance with the International Financial Reporting Standards applicable to entities authorised, regulated, and supervised by the Financial Supervisory Authority, operating in the Financial Instruments and Investments Sector
unaudited
FREE TRANSLATION
from Romanian, which is the official and binding version
CONTENTS
Condensed interim financial statements
Condensed statement of profit and loss and other comprehensive income | 1 |
Condensed statement of financial position | 2 |
Condensed statement of changes in equity | 3 - 4 |
Condensed cash flow statement | 5 |
Selected explanatory notes to the condensed financial statements | 6 - 26 |
Condensed statement of profit and loss and other comprehensive income as of June 30, 2023
Denominated in RON | Note | June 30, 2023 | June 30, 2022 | |
Income | ||||
Dividend income | 5 | 56,893,964 | 127,011,857 | |
Interest income (assets at amortized cost, assets at FVTOCI) | 6 | 670,146 | 822,903 | |
Interest income (assets at FVTPL) | 6 | 5,693,629 | 1,970,666 | |
Other operating revenues | 79,928 | 576,969 | ||
Gain/(Loss) on investment | ||||
Gain/(Loss) on investment property | - | |||
Gain/(Loss) on foreign exchange differences | 676,463 | (296,296) | ||
Gain/(Loss) on financial assets at FVTPL | 7 | 70,276,080 | (99,005,511) | |
Expenses | ||||
Commissions expenses | 8 | (2,304,198) | (2,146,620) | |
Other operating expenses | 9 | (8,264,290) | (7,474,916) | |
Profit/(Loss) before tax | 123,721,722 | 21,459,052 | ||
Income tax | 10 | (5,427,383) | (9,077,130) | |
Net profit/(loss) for the period | 118,294,339 | 12,381,922 | ||
Other comprehensive income | ||||
Items that are or could be transferred to profit and loss | ||||
Amounts that could be transferred to profit and loss (debt instruments) | - | (58,049) | ||
Items that are or could be transferred to retained earnings | ||||
Change of fair value related to financial assets measured through OCI | 103,613,508 | (278,606,181) | ||
Effect of income tax | (15,701,241) | 43,897,028 | ||
Other comprehensive income | ||||
87,912,267 | (234,767,202) | |||
Total comprehensive income for the period | 206,206,606 | (222,385,280) | ||
Earnings per share | ||||
Basic | 0.2334 | 0.0244 | ||
Diluted | 0.2334 | 0.0244 |
The condensed interim financial statements were approved by the Board of Directors on August 31, 2023, and were signed on its behalf by:
Bogdan-Alexandru Drăgoi | Bogdan-Victor Dușu |
Chairman and CEO | CFO |
1
Condensed statement of financial position as of June 30, 2023 | ||||
Denominated in RON | Note | June 30, 2023 | December 31, 2022 | |
Assets | ||||
Cash and cash equivalents | 11 | 205,957,465 | 26,615,152 | |
Other financial assets | 14 | 4,985,813 | 12,834,480 | |
Other assets | 232,029 | 328,155 | ||
Financial assets at fair value through profit and loss (FVTPL) | 12 | 1,712,942,247 | 1,723,810,844 | |
Financial assets at fair value through other comprehensive income (FVTOCI) (shares) | 13 | 1,664,133,630 | 1,624,523,020 | |
Assets representing rights to use the underlying assets under leasing contract | 352,302 | 476,645 | ||
Investment property | 15 | 12,963,376 | 12,963,376 | |
Tangible assets (items of property, plant, and equipment) | 3,579,171 | 3,711,480 | ||
Total assets | 3,605,146,033 | 3,405,263,152 | ||
Liabilities | ||||
Payable dividends | 9,956,746 | 10,042,310 | ||
Other financial liabilities | 16 | 3,937,520 | 15,038,374 | |
Other deferred liabilities and revenues | 10,454 | 251,682 | ||
Liabilities on leasing contract | 397,224 | 530,880 | ||
Liability on deferred income tax | 17 | 145,503,108 | 136,546,721 | |
Total liabilities | 159,805,052 | 162,409,967 | ||
Equity (own capital) | ||||
Share capital | 18 | 50,751,006 | 50,751,006 | |
Treasury shares | 18 | (2,494,800) | - | |
Losses from the share buyback | (31,973) | - | ||
Benefits granted in equity instruments | 808,500 | 2,000,537 | ||
Other reserves | 18 | 1,699,567,035 | 1,604,099,887 | |
Reserves from the revaluation of tangible assets | 1,176,569 | 1,176,569 | ||
Legal reserves | 18 | 10,150,201 | 10,150,201 | |
Reserves from revaluation of financial assets designated at FVTOCI | 13, 18 | 800,101,765 | 741,827,359 | |
Retained earnings | 18 | 885,312,678 | 832,847,626 | |
Total equity (own capital) | 3,445,340,981 | 3,242,853,185 | ||
Total liabilities and equity | 3,605,146,033 | 3,405,263,152 |
The condensed interim financial statements were approved by the Board of Directors on August 31, 2023, and were signed on its behalf by:
Bogdan-Alexandru Drăgoi | Bogdan-Victor Dușu |
Chairman and CEO | CFO |
2
Condensed Statement of Changes in Equity as of June 30, 2023
Denominated in RON
Balance on January 1, 2023
Profit/(Loss) for the period Reserve from revaluation of financial assets transferred to profit and loss
Reserve from revaluation of financial assets transferred to retained earnings
Change in reserve
Revaluation of tangible assets Related deferred tax
Total comprehensive income for the period
Other reserves - own sources Change of granted benefits
Share buyback
Total transactions with shareholders recognized directly in equity
Balance on June 30, 2023
Share | Treasury | Losses on | Legal | Reserves from | Reserves from | Benefits | Other | Retained | Total |
capital | shares | share | reserves | the revaluation of | revaluation of | granted in | reserves | earnings | |
buyback | financial assets at | tangible assets | equity | ||||||
fair value through | instruments | ||||||||
other | |||||||||
comprehensive | |||||||||
income | |||||||||
50,751,006 | - | - | 10,150,201 | 741,827,359 | 1,176,569 | 2,000,537 | 1,604,099,887 | 832,847,626 | 3,242,853,185 |
- | - | - | - | - | - | - | - | 118,294,339 | 118,294,339 |
- | - | - | - | - | - | - | - | - | - |
- | - | - | - | (35,977,528) | - | - | - | 35,977,528 | - |
- | - | - | - | 103,613,508 | - | - | - | 103,613,508 | |
- | - | - | - | - | - | - | - | - | - |
- | - | - | - | (9,361,573) | - | - | - | (6,339,668) | (15,701,241) |
- | - | - | - | 58,274,406 | - | - | - | 147,932,200 | 206,206,606 |
- | - | - | - | - | - | - | 95,467,148 | (95,467,148) | - |
- | 2,217,600 | 28,420 | - | - | - | (1,192,037) | - | - | 1,053,983 |
- | (4,712,400) | (60,393) | - | - | - | - | - | - | (4,772,793) |
- | (2,494,800) | (31,973) | - | - | - | (1,192,037) | 95,467,148 | (95,467,148) | (3,718,810) |
50,751,006 | (2,494,800) | (31,973) | 10,150,201 | 800,101,765 | 1,176,569 | 808,500 | 1,699,567,035 | 885,312,678 | 3,445,340,981 |
The condensed interim financial statements were approved by the Board of Directors on August 31, 2023, and were signed on its behalf by:
Bogdan-Alexandru Drăgoi | Bogdan-Victor Dușu |
Chairman and CEO | CFO |
3
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Lion Capital SA published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 15:09:06 UTC.