SIF Oltenia : Net Asset as of 30.11.2020

SIF Oltenia S.A.

ANNEX 16

Statement of assets and debts on 30/11/2020

(it is filled in every month)

Calculation modality of the net asset value (according to RNSC	Value (lei)
	regulations no. 15/2004)
1	FIXED ASSETS (rows 1.1 to 1.3)	176,854,364
1.1	Intangible assets	1,769
1.2	Tangible assets	11,560,613
1.3	Financial assets, out of which:	165,291,982
1.3.1	Shares quoted	11,891,204
1.3.2	Shares not quoted	153,345,817
1.3.3	Government securities	0
1.3.4	Certificates of deposit	0
1.3.5	Bank deposits	0
1.3.6	Municipal bonds	0
1.3.7	Corporate bonds	0
1.3.8	Newly issued securities	0
1.3.9	Equity investments of OPCVM and/or AOPC	0
1.3.10	Shares entitled according to subscriptions to share capital increases	0
1.3.11	Other financial assets	54,961
2	CURRENT ASSETS (row 2.1 to 2.4 + 2.5 to 2.9)	1,809,522,082
2.1	Inventories	14,110
2.2	Receivables, out of which:	189,173
2.2.1	Dividends to be cashed	0
2.2.2	Other rights to receive	0
2.2.3	Other receivables	189,173
2.3	Liquid assets	4,787,006
2.4	Financial investments on short term, out of which:	1,777,654,196
2.4.1	Shares quoted	1,774,150,446
2.4.2	Shares not quoted	0
2.4.3	Municipal bonds	0
2.4.4	Corporate bonds	0
2.4.5	Equity investments of OPCVM and/or AOPC	3,503,750
2.4.6	Preference rights	0
2.5	Newly issued securities	0
2.6	Government securities	0
2.7	Bank deposits	26,877,597
2.8	Certificates of deposit	0
2.9	Other current assets	0
3	DERIVATIVES	0
4	EXPENDITURES REGISTERED IN ADVANCE	123,859
5	TOTAL ASSET (rows. 1+2+3+4)	1,986,500,305

SIF Oltenia S.A.

ANNEX 16

Statement of assets and debts on 30/11/2020

(it is filled in every month)

Calculation modality of the net asset value (according to RNSC	Value (lei)
	regulations no. 15/2004)
6	DEBTS AMOUNTS FALLING DUE WITHIN ONE YEAR (row 6.1 to 6.9)	62,196,948
6.1	Loans from issue of bonds	0
6.2	Amounts due to credit institutions	0
6.3	Advances cashed in the account of customers	0
6.4	Commercial debts	105,354
6.5	Commercial bills to be paid	0
6.6	Amounts due to companies within the group	0
6.7	Amounts due regarding equity interests	0
6.8	Dividends or other rights to be paid, out of which:	61,749,135
6.8.1	Dividends to be paid	61,749,135
6.8.2	Amounts subscribed and not paid in the share capital increases of issuers	0
6.9	Other debts	342,459
		104,156,734
7	DEBTS AMOUNTS FALLING DUE AFTER MORE THEN ONE YEAR
8	PROVISIONS	5,503,567
9	INCOMES REGISTERED IN ADVANCE, out of which: (rows 9.1 to 9.2)	22,112
9.1	Subsidies for investments	22,112
9.2	Incomes registered in advance	0
10	SHAREHOLDERS EQUITY, out of which: (rows 10.1 to 10.8 - 10.9 -	1,814,620,944
10.10 - 10.11)
10.1	Share capital subscribed and paid	52,214,914
10.2	Premium related to capital	0
10.3	Differences from revaluation	7,195,131
10.4	Reserves	644,027,639
10.5	Retained earnings	599,276,825
10.6	Result of the exercise	57,974,936
10.7	Other shareholders equity items	515,893,475
10.8	Items assimilated to capital	0
10.9	Profit allocation	0
10.10	Losses related to the issuance, repurchasing, sale, disposal free of charge	59,747,062
or cancellation of the equity instruments
10.11	Own shares	2,214,914
11	TOTAL LIABILITIES (rows 6+7+8+9+10)	1,986,500,305
12	NET ASSET (rows 5-6-9)	1,924,281,245
13	NUMBER OF SHARES ISSUED	522,149,143
14	NET ASSET VALUE PER SHARES (rows12/13)	3.6853

SIF Oltenia S.A.

ANNEX 16

Statement of assets and debts on 30/11/2020

(it is filled in every month)

Calculation modality of the net asset value (according to RNSC	Value (lei)
	regulations no. 15/2004)
15	Number of companies in the portfolio, out of which: (rows 15.1 to	42
15.3)
15.1	Companies accepted to transaction on a regulated market	15
15.2	Companies accepted to transaction on an alternative transaction system	12
15.3	Companies not accepted to transaction	15
16	Companies where financial statements were not obtained *	0

• According to art. 116 paragraph (2) of the F.S.A. Regulation no. 9 / 2014, the value of these companies considered in the calculation of the net asset is zero.

Statement certified by Depositary Raiffeisen Bank S.A.

Statement prepared based on the check balance determined under the Norm 39 of ASF/2015 for approval of the Accounting Regulations complying with IFRS (International Financial Reporting Standards) applicable to authorised entities, regulated and monitored by the ASF (Financial Supervisory Authority) from the Financial Instruments and Investment Sector.

Complying with the provisions of IFRS 9, applicable as from 01.01.2018, the results related to the transactions with financial assets evaluated at fair value through other items of the comprehensive income are reflected in retained earnings.

	Portfolio Monitoring Division
On behalf of the General Manager	Director,
Ec. Elena Sichigea	Ioan Pauna

Annex according to art. 38 paragraph (4) of Law no. 243/2019

Assets of the portfolio of SIF Oltenia S.A. assessed by valuation methods in line with International Valuation Standards *

		Fiscal	Number of	No./date rap.	Value
No.	Issuer name	identification
shares held	Evaluation	lei/share	total
		code
1	PROVITAS BUCURESTI	7965688	35,139	3675/21.05.2020	174.9040	6,145,952
2	COMPLEX HOTELIER	10108620	1,753,217	3674/21.05.2020	4.6828	8,209,889
DAMBOVITA
3	TURISM PUCIOASA	939827	1,010,599	3677/21.05.2020	5.1249	5,179,251
4	GEMINA TOUR RM.VILCEA	1477750	757,888	3676/21.05.2020	5.8321	4,420,066
5	VOLTALIM CRAIOVA	12351498	5,997,519	3678/21.05.2020	7.3272	43,944,997

• The companies were valued based on the financial statements as of 31.12.2019 by the valuation method
  ,,Discounting net cash flows".

	Portfolio Monitoring Division
On behalf of the General Manager	Director,
Ec. Elena Sichigea	Ioan Pauna