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    SIF1   ROSIFAACNOR2

SIF BANAT-CRISANA

(SIF1)
  Report
End-of-day quote. End-of-day quote Bucharest Stock Exchange - 01/25
2.33 RON   -4.90%
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SIF Banat Crisana : Condensed interim consolidated financial statements as at June 30, 2021

09/30/2021 | 11:22am EST

SIF Banat-Crișana S.A.

Condensed interim consolidated financial statements

as of June 30, 2021

prepared pursuant to Rule 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 consolidated financial statements

page

Condensed consolidated statement of profit or loss and other comprehensive income

1

Condensed consolidated statement of financial position

2

Condensed consolidated statement of changes in equity

3-4

Condensed consolidated cash flow statement

5

Notes to the condensed consolidated financial statements

6 - 32

SIF Banat-Crișana

Condensed consolidated statement of profit or loss and other comprehensive income for the first semester ended June 30, 2021 (all amounts presented in RON)

Denominated in RON

Note

June 30, 2021

June 30, 2020

Income

Dividend income

7

22,490,675

22,333,278

Interest income (assets at amortized cost, assets FVTOCI)

8

1,401,586

4,145,262

Interest income (assets FVTPL)

8

709,974

1,372,697

Other operating revenues

9

15,448,909

10,676,878

Gan/(Loss) on investment

Gain/(Loss) from investment property

19

874

2,466,217

Net gain/(Loss) from exchange rate differences

622,712

1,340,878

Net Gain / (Loss) from financial assets at fair value through profit and loss

10

207,017,003

(80,695,018)

Expenses

Reversals / (set-up) of provisions for risks and expenses

1,182,595

910,005

Reversals / (set-up) of adjustments for impairment of current assets

(35,324)

7,551

Interest expenses

(216,533)

(204,745)

Commissions expenses

11

(2,783,101)

(1,545,842)

Other operating expenses

12

(15,104,817)

(14,013,041)

Profit / (Loss) before tax

230,734,552

(53,205,880)

Income tax

13

(12,577,534)

(1,140,909)

Net profit / (Loss) for the period

Profit / (Loss) is attributed to:

Parent company

Non-controlling interests

Other comprehensive income

Items that are or may be transferred to profit or loss

Amounts that may be transferred to profit or loss (debt instruments) Amounts transferred to profit or loss

Items that are or may be transferred to retained earnings

Change in fair value of the shares measured by other comprehensive income Effect of the income tax related to them

Other comprehensive income

Total comprehensive income for the period

Earnings per share

Basic

Diluted

218,157,019 (54,346,788)

218,155,431 (54,347,620)

1,588832

8,512 (190,767)

241,812,760 (305,730,644)

(37,699,100) 47,227,865

204,122,171 (258,693,546)

422,279,190 (313,040,334)

0.4238 (0.106)

0.4238 (0.106)

The condensed interim consolidated financial statements were approved by the Board of Directors on September 29, 2021, and were signed on its behalf by:

Radu-Răzvan Străuț

Dorel Baba

Vice-Chairman, Deputy General Director

Financial Reporting Manager

1

SIF Banat-Crișana

Condensed consolidated statement of financial position

for the first semester ended June 30, 2021 (all amounts presented in RON)

Denominated in RON

Note

June 30, 2021

December 31, 2020

Assets

Cash and cash equivalents

14

317,366,247

187,639,649

Bank deposits

15

10,064,969

5,453,621

Financial assets at fair value through other comprehensive income (bonds)

17

5,180,369

5,111,504

Other financial assets

18

15,806,696

9,254,479

Other assets

372,328

257,796

Assets held for sale

20

45,718,704

43,727,212

Financial assets at fair value through profit or loss

16

1,590,139,485

1,394,390,716

Financial assets at fair value through other comprehensive income (shares)

17

1,340,656,047

1,210,525,841

Investment property

19

27,746,803

28,498,134

Tangible assets (property, plant, and equipment)

5,773,343

6,032,529

Total assets

3,358,824,991

2,890,891,482

Liabilities

Current income tax liability

15,772,518

143,012

Other financial liabilities

21

39,119,794

39,296,691

Other accrued liabilities and deferred income

20,083

26,797

Borrowings

22

15,654,663

15,534,842

Leasing liabilities

39,631

49,965

Provisions for risks and expenses

998,415

2,181,010

Deferred income tax liabilities

23

176,227,721

146,892,044

Total liabilities

247,832,825

204,124,360

Equity

Statutory share capital

24

51,542,236

51,542,236

Treasury (own) shares

24

-

(2,199,867)

Losses from the repurchase of own shares

-

(40,659)

Benefits granted in equity instruments

1,573,730

1,867,063

Retained earnings

24

924,939,136

740,422,170

Other reserves

24

1,249,578,037

1,157,455,631

Reserves from revaluation of tangible assets

1,176,569

1,176,569

Legal reserves

10,568,848

10,568,848

Reserves from revaluation of financial assets designated FVTOCI

24

871,598,555

725,960,324

Total

3,110,977,111

2,686,752,316

Non-controlling interests

15,055

14,807

Total equity

3,110,992,166

2,686,767,122

Total liabilities and equity

3,358,824,991

2,890,891,482

The condensed interim consolidated financial statements were approved by the Board of Directors on September 29, 2021, and were signed on its behalf by:

Radu-Răzvan Străuț

Dorel Baba

Vice-Chairman, Deputy General Director

Financial Reporting Manager

2

SIF Banat-Crișana

Condensed consolidated statement of changes in equity

for the first semester ended June 30, 2021 (all amounts presented in RON)

in RON

Share capital

Treasury

Losses from

Legal

Reserves from

Reserves

Other reserves

Benefits

Accumulated

Total equity (own

Non-controlling

Total

(own) shares

repurchase

reserves

change of financial

from

granted in

profit

capital)

interests

of own

assets through

revaluation

equity

shares

other

of fixed

instruments

comprehensive

assets

income

Balance on January 1, 2021 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 the reserve related to subsidiaries

Dividends payable for 2020 Dividends written-off Change in benefits granted Cancellation of own shares

Total transactions with shareholders recognized directly in equity

51,542,237

(2,199,867)

(40,659)

10,568,848

725,960,323

1,176,569

1,157,455,630

1,867,063

740,422,171

2,686,752,315

14,806

2,686,767,122

-

-

-

-

-

-

-

-

218,155,431

218,155,431

1,588

218,157,019

(66,024,395)

66,024,395

-

-

241,822,894

241,822,894

241,822,894

(30,160,266)

(7,540,455)

(37,700,722)

(37,700,722)

145,638,232

-

-

276,639,371

422,277,603

1,588

422,279,191

92,122,406

(92,122,406)

(1,340)

(1,340)

2,199,867

40,659

(293,333)

1,947,193

1,947,193

2,199,867

40,659

92,122,406

(293,333)

(92,122,406)

1,947,193

(1,340)

1,945,852

Balance on June 30, 2021

51,542,237

-

-

10,568,848

871,598,555

1,176,569

1,249,578,036

1,573,730

924,939,136

3,110,977,111

15,055

3,110,992,165

The condensed interim consolidated financial statements were approved by the Board of Directors on September 29, 2021, and were signed on its behalf by:

Radu-Răzvan Străuț

Dorel Baba

Vice-Chairman, Deputy General Director

Financial Reporting Manager

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Societatea de Investitii Financiare Banat Crisana SA published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 15:21:04 UTC.


© Publicnow 2021
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Bogdan-Alexandru Dragoi Chairman
Sorin Marica Independent Non-Executive Director
Marcel Pfister Independent Non-Executive Director
Radu-Razvan Straut Vice Chairman & Deputy General Director
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