SIF Oltenia : 2020 Preliminary Financial Results

SOCIETATEA DE INVESTIȚII FINANCIARE OLTENIA S.A.

PRELIMINARY FINANCIAL RESULTS

on 31st December 2020

prepared in accordance with Rule no. 39/2015 for the approval of Accounting Regulations compliant with International Standards of Financial Reporting,

applicable to authorized entities, settled and supervised by the Financial

Supervision Authority from the Sector of Financial Instruments and Investments

UNAUDITED

Contents
PRELIMINARY FINANCIAL RESULTS
page
INDIVIDUAL STATEMENT OF PROFIT OR LOSS AND OF OTHER ELEMENTS..	1
OF THE COMPREHENSIVE INCOME ……………………… .. ………… ... ............
INDIVIDUAL STATEMENT OF FINANCIAL POSITION ............................................	2
INDIVIDUAL STATEMENT OF EQUITY CHANGES ………………….......................	3 - 4
INDIVIDUAL STATEMENT OF TREASURY FLOWS ................................................	5

Individual statement of profit or loss and of other elements of the comprehensive income for the financial exercises ended on 31st December 2020

In RON	Note	31st December	31st December
2020	2019
Incomes
Gross incomes from dividends	6	70,945,772	125,311,887
Incomes from interests	7	306,077	1,047,964
Other operational incomes	8	164,113	17,499,019
Net profit from differences of exchange rate	(794)	6,446,082
Profit from financial assets at fair value through the profit or loss
47,147	818,856
account
Expenses
Commissions, fees, administration and supervision fees	9	(2,824,554)	(3,057,530)
Incomes from restatement of provisions	292,467	5,505,632
Other operational expenses	10	(13,876,787)	(19,959,626)
Profit before taxation	55,053,441	133,612,284
Profit tax	11	(2,822,421)	(9,480,010)
Net profit of the financial year	52,231,020	124,132,274
Other elements of the comprehensive income
Earnings related to the transfer of financial assets assessed at fair
value through other elements of the comprehensive income, net of	48,381,669	11,499,712
tax, recognized in the result carried forward
Reserve variation from the reassessment of the tangible assets, net
-	-
of deferred tax
Net variation of the fair value of financial assets assessed through
(140,861,412)	431,863,731
other elements of the comprehensive income
Fair value reserve of the financial assets assessed through other
elements of the comprehensive income delivered, transferred into	(47,133,906)	(12,692,593)
the result carried forward, net of tax
Total Other Elements of the Global Result	(139,613,649)	430,670,850
Total comprehensive income for the period	(87,382,629)	554,803,124
Result per share
Basic	25	0.1000	0.2140
Diluted	0.1000	0.2140

Sorin - Iulian Cioacă President / General ManagerMihai Trifu

Vice - president / Deputy General ManagerSichigea Elena Economic Manager

page 1

Individual statement of financial position for the financial exercises ended on 31st December 2020

In RON

Assets

Cash and cash equivalents

Deposits placed in banks

Financial assets assessed at fair value through other elements of the comprehensive income

Financial assets assessed at fair value through the profit or loss account

Credits and receivables

Tangible assets

Real estate investments Other assets

Total assets

Liabilities

Payable dividends Payable taxes and fees

Deferred tax payables

Other payables

Total payables

Equity

Registered capital

Legal reserves

Differences from fair value changes of financial assets assessed at fair value through other elements of the comprehensive income

Other reserves

Reserves from revaluation of tangible assets Losses related to buyback of shares

Own shares

Retained earnings except for the retained earnings originated in the adoption for the first time of IAS 29

Current profit

Note

31st December 2020

12 13

4,279,513 13,946,292

26,602,893 49,351,648

• 14 2,014,682,452

14 15 16 17 18

31st December 2019

2,276,607,625

3,598,943 3,551,796

191,867 31,795,265

10,880,906 11,429,190

675,090 171,393

2,061,083,057

631,919 2,154,521

2,389,468,256

19 20 21 22

61,222,189 46,244,022

805,811 3,553,116

116,202,339 152,219,983

10,655,357 6,492,351

188,885,696 208,509,472

23

52,214,914 58,016,571

11,603,314 11,603,314

579,141,262 766,950,926

24

632,424,325 712,024,674

7,169,734 7,498,432

(59,747,655) (47,946,784)

(2,214,914) (1,962,259)

599,375,361 550,641,636

52,231,020 124,132,274

• Total equity 1,872,197,361 2,180,958,784

• Total payables and equity 2,061,083,057 2,389,468,256

Sorin - Iulian Cioacă President / General ManagerMihai Trifu

Vice - president / Deputy General ManagerSichigea Elena Economic Manager

page 2