SIF Banat-Crișana S.A.
Condensed interim standalone financial statements
as of September 30, 2022
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 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 - 28 |
Condensed statement of profit and loss and other comprehensive income as of September 30, 2022
Denominated in RON | Note | September 30, 2022 | September 30, 2021 | |
Income | ||||
Dividend income | 5 | 166,177,167 | 122,805,794 | |
Interest income (assets at amortized cost, assets at FVTOCI) | 6 | 2,506,695 | 1,409,119 | |
Interest income (assets at FVTPL) | 6 | 3,243,078 | 1,037,462 | |
Other operating revenues | 7 | 580,858 | 355,864 | |
Gain/(Loss) on investment | ||||
Gain/(Loss) on investment property | 16 | - | 874 | |
Gain/(Loss) on foreign exchange differences | (193,502) | 2,214,087 | ||
Gain/(Loss) on financial assets at FVTPL | 8 | (142,932,553) | 222,311,898 | |
Expenses | ||||
Commissions expenses | 9 | (3,218,439) | (3,942,024) | |
Other operating expenses | 10 | (11,232,354) | (10,993,340) | |
Profit/(Loss) before tax | 14,930,950 | 335,199,734 | ||
Income tax | 11 | (7,660,691) | (13,603,194) | |
Net profit/(loss) for the period | 7,270,260 | 321,596,540 | ||
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) | (65,892) | 8,512 | ||
Items that are or could be transferred to retained earnings | ||||
Change of fair value related to financial assets measured through OCI | (469,171,609) | 365,295,941 | ||
Effect of income tax related to them | 70,902,368 | (57,322,529) | ||
Other comprehensive income | (398,335,133) | 307,981,924 | ||
Total comprehensive income for the period | (391,064,873) | 629,578,464 | ||
Earnings per share | ||||
Basic | 0.0143 | 0.624 | ||
Diluted | 0.0143 | 0.624 |
The condensed interim financial statements were approved by the Board of Directors on November 14, 2022, 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, 2022
Denominated in RON | Note |
Assets | |
Cash and cash equivalents | 12 |
Bank deposits | |
Financial assets at fair value through other comprehensive income (bonds) | 14 |
Other financial assets | 15 |
Other assets | |
Financial assets at fair value through profit and loss | 13 |
Financial assets at fair value through other comprehensive income (shares) | 14 |
Assets representing rights to use the underlying assets under leasing | |
contract | |
Investment property | 16 |
Tangible assets (items of property, plant, and equipment) | |
Total assets | |
Liabilities | |
Payable dividends | |
Other financial liabilities | 17 |
Other deferred liabilities and revenues | |
Liabilities on leasing contract | |
Liability on deferred income tax | 18 |
Total liabilities | |
Equity (own capital) | |
Share capital | 19 |
Treasury shares | 19 |
Losses from the repurchase of own shares | |
Benefits granted in equity instruments | |
Other reserves | 19 |
Reserves from the revaluation of tangible assets | |
Legal reserves | 19 |
Reserves from revaluation of financial assets designated at fair value | 14, |
through other comprehensive income | 19 |
Retained earnings | 19 |
Total equity (own capital)
Total liabilities and equity
September 30, 2022 | December 31, 2021 | |
200,761,053260,126,530
- 79,232,230
5,280,2485,283,259
17,909,385 | 10,514,505 | |
158,597 | 225,875 | |
1,511,304,527 | 1,680,415,609 | |
1,376,761,160 | 1,554,069,140 | |
538,816 | 725,329 | |
12,953,334 | 12,953,334 | |
3,633,667 | 3,840,248 | |
3,129,300,785 | 3,607,386,059 | |
10,104,126 | - | |
12,622,606 | 10,219,192 | |
695,295 | 293,418 | |
597,037 | 789,288 | |
109,215,975 | 179,957,876 | |
133,235,040 | 191,259,774 | |
51,542,236 | 51,542,236 | |
(21,363,229) | (21,363,229) | |
(330,998) | (330,998) | |
1,454,936 | - | |
1,606,128,538 | 1,249,578,037 | |
1,176,569 | 1,176,569 | |
10,308,447 | 10,308,447 | |
583,636,560 | 984,425,325 | |
763,512,686 | 1,140,789,898 | |
2,996,065,745 | 3,416,126,285 | |
3,129,300,785 | 3,607,386,059 |
The condensed interim financial statements were approved by the Board of Directors on November 14, 2022, 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, 2022 | |||||||||||
Denominated in RON | Share | Treasury | Losses | Legal | Reserves from | Reserves from | Benefits | Other | Retained | Total | |
capital | shares | from the | reserves | the revaluation of | revaluation of | granted in | reserves | earnings | |||
repurchase | financial assets at | tangible assets | equity | ||||||||
of own | fair value through | instruments | |||||||||
shares | other | ||||||||||
comprehensive | |||||||||||
income | |||||||||||
Balance on January 1, 2022 | 51,542,236 | (21,363,229) | (330,998) | 10,308,447 | 984,425,325 | 1,176,569 | - | 1,249,578,037 | 1,140,789,898 | 3,416,126,285 | |
Profit/(Loss) for the period | - | - | - | - | - | - | - | - | 7,270,260 | 7,270,260 | |
Reserve from revaluation of | |||||||||||
financial assets transferred to | - | - | - | - | - | - | - | - | - | - | |
profit and loss | |||||||||||
Reserve from revaluation of | |||||||||||
financial assets transferred to | - | - | - | - | (2,092,626) | - | - | - | 2,092,626 | - | |
retained earnings | |||||||||||
Change in reserve | - | - | - | - | (469,250,051) | - | - | - | - | (469,250,051) | |
Revaluation of tangible assets | - | - | - | - | - | - | - | - | - | ||
- | |||||||||||
Related deferred tax | - | - | - | - | 70,553,913 | - | - | - | 361,006 | 70,914,919 | |
Total comprehensive income | - | - | |||||||||
for the period | - | - | - | (400,788,765) | - | - | 9,723,892 | (391,064,873) | |||
Other reserves - own sources | - | - | - | - | - | - | - | 356,550,501 | (356,550,501) | - | |
Payable dividends for 2021 | - | - | - | - | - | - | - | - | (30,450,603) | (30,450,603) | |
Prescribed dividends | - | - | - | - | - | - | - | - | - | - | |
Change of granted benefits | - | - | - | - | 1,454,936 | - | - | 1,454,936 | |||
Cancellation of treasury shares | - | - | - | - | - | - | - | - | |||
Total transactions with | |||||||||||
shareholders recognized | - | - | - | - | - | - | 1,454,936 | 356,550,501 | (387,001,104) | (28,995,667) | |
directly in equity | |||||||||||
Balance on September 30, 2022 | 51,542,236 | (21,363,229) | (330,998) | 10,308,447 | 583,636,560 | 1,176,569 | 1,454,936 | 1,606,128,538 | 763,512,686 | 2,996,065,745 |
The condensed interim financial statements were approved by the Board of Directors on November 14, 2022, and were signed on its behalf by:
Bogdan-Alexandru Drăgoi | Dorel Baba |
Chairman, CEO | Financial Reporting Manager |
3
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Societatea de Investitii Financiare Banat Crisana SA published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 16:31:08 UTC.