REG - Fondul Proprietatea - Net Asset Value Report as of 31 January 2020

Fondul Proprietatea SAAnnouncement

14/02/2020 16:00

RNS Number : 1115D
Fondul Proprietatea S.A.
14 February 2020
 





Fund Administrator:


Franklin Templeton International Services S.à r.l.




Administrator Code:


PJM07.1AFIASMDLUX0037




Fund:


Fondul Proprietatea SA




Fund Code:


PJR09SIIR/400006




Reporting date: 


31.01.2020





Fondul Proprietatea SA 's Assets and Liabilities based on NAV calculation according with the CNVM Regulation No. 4 / 2010, as subsequently amended
Lei



1. Non-current Assets


8,375,829,787.49




1.1. Intangible assets


146,702.25




1.2. Tangible assets


0.00




1.3. Financial assets


8,375,683,085.24




1.3.1 Listed shares**


11,493,896.77




1.3.2 Unlisted shares


8,364,189,188.47




1.3.3 Government securities


0.00




1.3.4 Certificates of deposits


0.00




1.3.5 Bank deposits


0.00




1.3.6 Municipal bonds


0.00




1.3.7 Corporate bonds


0.00




1.3.8 Newly issued securities


0.00




1.3.9 Participation titles of UCITS and/or of OCIU


0.00




1.3.10 Other financial assets


0.00




2. Current assets


3,392,316,775.89




2.1 Inventory


0.00




2.2 Receivables out of which:


378,554.00




- commercial papers


0.00




2.3 Cash


30,975,216.26




2.4 Short term financial investments


2,887,116,300.31




2.4.1 Listed shares**


2,887,116,300.31




2.4.2 Unlisted shares


0.00




2.4.3 Municipal bonds


0.00




2.4.4 Corporate bonds


0.00




2.4.5 Participation titles of UCITS and/or of OCIU


0.00




2.5 Newly issued securities


0.00




2.6 Government securities


137,734,277.06




2.7 Bank deposits


252,603,028.26




2.8 Certificates of deposits


0.00




2.9 Other current assets


83,509,400.00




3. Derivatives


0.00




4. Prepaid expenses


282,261.42




5. Total assets


11,768,428,824.80




6. Total liabilities


51,222,621.98




6.1 Borrowings from bond issues


0.00




6.2 Amounts due to credit institutions


0.00




6.3 Advance payments to customer accounts


0.00




6.4. Payables


18,826,400.18




6.5 Commercial papers due


0.00




6.6 Amounts due to group companies


0.00




6.7 Amounts due to related parties


0.00




6.8 Other debts


32,396,221.80




7. Provisions


856,247.22




8. Deferred income out of which:


0.00




8.1 Subsidies for investments


0.00




8.2 Deferred income


0.00




9. Shareholders' equity out of which:


11,716,349,955.60




9.1 Share capital


3,959,264,762.44




9.2 Share capital premiums


0.00




9.3 Revaluation differences


-6,951.73




9.4 Reserves


90,536,633.82




9.5 Retained earnings


7,821,650,591.59




9.6 Period result


-155,095,080.52




9.7 Profit appropriation


0.00




10. Total liabilities and Shareholders' equity


11,768,428,824.80




11. Net Asset Value


11,716,349,955.60




12. No of shares issued*


6,846,345,904




13. Net asset value per share


1.7113




14. Number of portfolio companies out of which:


33




14.1 Companies admitted to trading on a regulated market


3




14.1 Companies admitted to trading on an alternative regulated market***


4




14.3 Companies not admitted to trading


26



Legend:
* = Represents the number of shares related to the paid-up subscribed share capital (according to provisions of Law 247/2005, Title VII, Art. 92, alin. 5 "Subscribed unpaid shares are not taken into account for the computation of net asset value per share for Fondul Proprietatea") excluding (a) the Fund's own shares bought back (Treasury shares), according to provisions of CNVM Regulation no. 4/2010, as subsequently amended, and (b) the equivalent number of shares corresponding to the GDRs bought back
** = Include also the value of holdings admitted to trading on AeRo market (alternative regulated market)
*** = Include the number of companies admitted to trading on AeRo market (alternative trading system)
 
Franklin Templeton International Services S.à r.l acting in the capacity of Sole Director of Fondul Proprietatea SA
 



Călin Meteș


Marius Nechifor




Permanent representative


Compliance Officer



 
BRD Groupe Societe Generale
 



Victor Strâmbei


Claudia Ionescu




Manager Depositary Department


Director



 
 
[English translation of the original report in Romanian - for information purposes only]
 
 
 
 
 
 
Annex - Valuation methods used for the securities and the monetary market instruments held by Fondul Proprietatea S.A. as at 31 January 2020
 
The valuation methods used for the computation of the NAV as at 31 January 2020, for the securities and the monetary market instruments held by Fondul Proprietatea S.A. are the following:
 
1.   Listed companies on BVB traded within last 30 trading days: Closing Price
2.   Listed companies on AeRo market (alternative trading system) traded within last 30 trading days: Reference price - Average Price
3.   Listed companies with no trades within last 30 trading days:  Fair value / share;
4.   Unlisted companies: Fair value / share;
5.   Companies in insolvency, judicial reorganization, liquidation, dissolution or bankruptcy: Valued at zero;
6.   Unlisted companies for which the annual financial statements for the previous year are not available within 90 days after the legal submission deadline: Valued at zero;
7.   Listed government bonds: Fair value (reference composite price, including the cumulated interest);
8.   Bank deposits: Bank deposit amount cumulated with the accrued interest receivable calculated for the period elapsed since its creation date.
 
Franklin Templeton International Services S.à r.l acting in the capacity of Sole Director of Fondul Proprietatea SA



 
Călin Meteș
Permanent Representative
 


 
Marius Nechifor
Compliance Officer



 
 
[English translation of the original report in Romanian - for information purposes only]




 
Annex - Changes in the valuation methods used for the computation of the NAV of Fondul Proprietatea as at 31 January 2020



There was no change of the valuation methods used for the computation of the NAV as at 31 January 2020 for Fondul Proprietatea S.A, as compare to 31 December 2019, respectively from the last reporting of the net asset value of Fondul Proprietatea.
 
Franklin Templeton International Services S.à r.l acting in the capacity of Sole Director of Fondul Proprietatea SA



Călin Meteș


Marius Nechifor




Permanent representative


Compliance Officer







 
 
[English translation of the original report in Romanian - for information purposes only]

 




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