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    SIF1   ROSIFAACNOR2

SIF BANAT-CRISANA

(SIF1)
  Report
End-of-day quote. End-of-day quote Bucharest Stock Exchange - 01/27
2.36 RON   -1.67%
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SIF Banat Crisana : Condensed interim standalone financial statements as at September 30, 2021

11/15/2021 | 11:15am EST

SIF Banat-Crișana S.A.

Condensed interim standalone financial statements

as of September 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 financial statements

Condensed statement of profit or 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 - 29

Condensed statement of profit or loss and other comprehensive income as of September 30, 2021

Denominated in RON

Note

September 30, 2021

September 30, 2020

Income

Dividend income

5

122,805,794

49,237,370

Interest income (assets at amortized cost, assets at FVTOCI)

6

1,409,119

5,638,180

Interest income (assets at FVTPL)

6

1,037,462

1,930,520

Other operating revenues

7

355,864

137,753

Gain/(Loss) on investment

Gain/(Loss) on investment property

17

874

2,466,217

Gain/(Loss) on foreign exchange differences

2,214,087

2,055,628

Gain/(Loss) on financial assets at FVTPL

8

222,311,898

(89,355,261)

Expenses

Commissions expenses

9

(3,942,024)

(2,803,799)

Other operating expenses

10

(10,993,340)

(11,070,991)

Profit/(Loss) before tax

335,199,734

(41,764,383)

Income tax

11

(13,603,194)

(665,276)

Net profit/(loss) for the period

321,596,540

(42,429,659)

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)

8,512

(89,048)

Amounts transferred to profit and loss (debt instruments)

-

Items that are or could be transferred to retained earnings

Change of fair value related to financial assets measured through other

365,295,941

(266,046,071)

comprehensive income

Change of reserve from revaluation of tangible assets

Effect of income tax related to them

(57,322,529)

40,250,038

Other comprehensive income

307,981,924

(225,885,081)

Total comprehensive income for the period

629,578,464

(268,314,740)

Earnings per share

Basic

0.624

(0.082)

Diluted

0.624

(0.082)

The condensed interim financial statements were approved by the Board of Directors on November 12, 2021, and were signed on its behalf by:

Bogdan-Alexandru Drăgoi

Dorel Baba

Chairman, CEO

Financial Reporting Manager

1

Condensed statement of financial position as of September 30, 2021

Denominated in RON

Note

September 30, 2021

December 31, 2020

Assets

Cash and cash equivalents

12

325,154,887

150,710,816

Bank deposits

13

79,193,283

-

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

15

5,277,104

5,111,504

Other financial assets

16

49,205,553

5,973,797

Other assets

128,479

189,805

Financial assets at fair value through profit or loss

14

1,604,449,126

1,394,390,304

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

15

1,486,321,136

1,309,319,391

Assets representing rights to use the underlying assets under leasing

717,744

889,240

contract

Investment property

17

12,255,013

13,180,199

Tangible assets (items of property, plant, and equipment)

3,821,393

4,006,587

Total assets

3,566,523,718

2,883,771,643

Liabilities

Deferred income tax liabilities

12,317,362

-

Other financial liabilities

18

7,710,203

6,673,694

Other deferred liabilities and revenues

16,944

26,797

Liabilities on leasing contract

781,723

934,521

Liability on current income tax

19

183,963,560

146,231,940

Total liabilities

204,789,792

153,866,952

Equity (own capital)

Share capital

20

51,542,236

51,542,236

Treasury shares

20

-

(2,199,867)

Losses from the repurchase of own shares

(5,888)

(40,659)

Benefits granted in equity instruments

1,883,196

1,867,063

Retained earnings

20

1,070,850,626

743,318,231

Other reserves

20

1,249,578,037

1,157,455,631

Reserves from revaluation of tangible assets

1,176,569

1,176,569

Legal reserves

20

10,308,447

10,308,447

Reserves from revaluation of financial assets designated at FVTOCI

15, 20

976,400,703

766,477,039

Total equity (own capital)

3,361,733,926

2,729,904,691

Total liabilities and equity

3,566,523,718

2,883,771,643

The condensed interim financial statements were approved by the Board of Directors on November 12, 2021, and were signed on its behalf by:

Bogdan-Alexandru Drăgoi

Dorel Baba

Chairman, CEO

Financial Reporting Manager

2

Condensed Statement of Changes in Equity as of September 30, 2021

Denominated in RON

Share

Treasury

Losses

Legal

Reserves from

Reserves from

Benefits

Other

Accumulated

Total

capital

shares

from the

reserves

the revaluation of

revaluation of

granted in

reserves

profit

repurchase

financial assets at fair

tangible assets

equity

of own

value through other

instruments

shares

comprehensive

income

Balance on January 1, 2021

51,542,236

(2,199,867)

(40,659)

10,308,447

766,477,039

1,176,569

1,867,063

1,157,455,631

743,318,231

2,729,904,691

Profit/(Loss) for the period

-

-

-

-

-

-

-

-

321,596,540

321,596,540

Reserve from revaluation of

financial assets transferred to

-

-

-

-

-

-

-

-

-

-

profit or loss

Reserve from revaluation of

financial assets transferred to

-

-

-

-

(112,965,766)

-

-

-

112,965,766

-

retained earnings

Change in reserve

-

-

-

-

365,306,075

-

-

-

-

365,306,075

Revaluation of tangible assets

-

-

-

-

-

-

-

-

-

-

Related deferred tax

-

-

-

-

(42,416,645)

-

-

-

(14,907,505)

(57,324,150)

Total comprehensive income

209,923,664

-

-

419,654,801

for the period

-

-

-

-

-

629,578,465

Other reserves - own sources

-

-

-

-

-

-

-

92,122,406

(92,122,406)

-

Dividends payable for 2020

-

-

-

-

-

-

-

-

-

-

Dividends written-off

-

-

-

-

-

-

-

-

-

-

Change of granted benefits

-

2,199,867

40,659

-

-

-

16,133

-

-

2,256,659

Cancellation of treasury shares

-

-

(5,888)

-

-

-

-

-

-

(5,888)

Total transactions with

shareholders recognized

-

2,199,867

34,771

-

-

-

16,133

92,122,406

(92,122,406)

2,250,770

directly in equity

Balance on September 30, 2021

51,542,236

-

(5,888)

10,308,447

976,400,703

1,176,569

1,883,196

1,249,578,037

1,070,850,626

3,361,733,926

The condensed interim financial statements were approved by the Board of Directors on November 12, 2021, and were signed on its behalf by:

Bogdan-Alexandru Drăgoi

Dorel Baba

Chairman, CEO

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 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 16:14:07 UTC.


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Net income 2020 88,9 M 20,1 M 20,1 M
Net cash 2020 1 566 M 354 M 354 M
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Free-Float 100%
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Managers and Directors
Bogdan-Alexandru Dragoi Chairman
Sorin Marica Independent Non-Executive Director
Marcel Pfister Independent Non-Executive Director
Radu-Razvan Straut Vice Chairman & Deputy General Director
Ionel-Marian Ciucioi Non-Executive Director
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