REG - Soc EnergElectricaSA - Erratum H1 2022 Bod Report

Societatea Energetica Electrica SAAnnouncement

25/08/2022 16:30

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RNS Number : 2781X  Societatea Energetica Electrica SA  25 August 2022

To:      Bucharest Stock Exchange (BSE)

            London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law 24/2017, republished, on issuers of
financial instruments and market operations, Regulation FSA no. 5/2018 on
issuers of financial instruments and market operations, and the Bucharest
Stock Exchange Code

Report date: 25 August 2022

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE), London Stock Exchange (LSE)

Significant events to be reported: Correction of clerical material errors in
the content of the 2022 Half Year Consolidated Directors' Report (H1 2022)
from 17 August 2022

 

Electrica informs the shareholders and investors about the fact that the 2022
Half Year Consolidated Directors' Report  (H1 2022) published on 17 August
2022 through the announcement IRIS code (BSE): EB9A0, respectively RNS (LSE)
Number: 3857W, as well as on Electrica's website at
https://www.electrica.ro/investitori/rezultate-si-raportari/rezultate-financiare/situatiile-financiare-pentru-s1-2022/
(https://www.electrica.ro/investitori/rezultate-si-raportari/rezultate-financiare/situatiile-financiare-pentru-s1-2022/)
and
https://www.electrica.ro/en/investors/results-and-reports/financial-results/
financial-statements-for-h1-2022/
(https://www.electrica.ro/en/investors/results-and-reports/financial-results/%20financial-statements-for-h1-2022/)
contains the following clerical errors:

Romanian version: page 71, "capitolul 11. Anexe; subcapitolul 11.2 Detalierea
principalelor investitii realizate in primul semestru al anului 2022 de Grupul
Electrica; tabelul privind cele mai semnificative investitii realizate de Grup
- Transilvania Nord" - in the last 3 rows will be completed by adding "0," in
front of the initial values presented:

 TRANSILVANIA NORD                                                             Updated Values  Initial values
 Modernizare LEA JT si bransamente in loc. Rus zona PTA1 si PTA2 Rus           0,848           848
 Modernizare posturi de transformare zidite, zona TN - Sucursala Cluj-Napoca,  0,908           908
 jud. Cluj - Vol.2 - zona POR Gherla
 Cresterea gradului de siguranta in alimentare cu energie electrica in zona    0,905           905
 Paleu, jud. Bihor

Romanian version: page 72; "capitolul 11. Anexe; subcapitolul 11.2 Detalierea
principalelor investitii realizate in primul semestru al anului 2022 de Grupul
Electrica; tabelul privind cele mai mari transferuri din imobilizari corporale
in curs la imobilizari corporale reprezentand, in principal, punerea in
functiune a obiectivelor de investitii - Transilvania Nord" - in the last 5
rows will be completed by adding "0," in front of the initial values
presented:

 TRANSILVANIA NORD                                                                Updated Values  Initial values
 Modernizare LES MT in vederea cresterii sigurantei in alim.cu en. el.: Statia    0,856           856
 Iosia-PTZ Wagner; PTAb Protectia Mediului-PTZ 24 ZV; PTAb Colinelor 2-PTAb Gh.
 Doja 2-PTAb Gh.Pop de Basesti-STE I 178
 Injectie de putere in zonele Sud si Vest ale localitatii Biharia, jud. Bihor     0,786           786
 Cresterea sigurantei in alimentarea cu energie electrica in localitatea          0,755           755
 Floresti, jud. Cluj - Vol. 2: zona str. Narciselor
 Modernizare racord 20KV si reconstructie PTA 20/0,4KV Panic sat, jud. Salaj      0,723           723
 Injectie de putere si modernizare retea de joasa tensiune localitatea Sarand,    0,700           700
 jud. Bihor

Romanian version: page 59; the paragraph  "Active circulante" - the text will
be changed in "Subventii de incasat in valoare de 1.132,1 mil. RON" instead of
"Subventii de incasat in valoare de 1.211,3 mil. RON".

Romanian version: page 59; the paragraph "Subventii de incasat" - the amount
"1.132,1" will be completed with "mil. RON".

Romanian version: page 61; table "Fluxuri de numerar din activitatea de
exploatare"; "Modificari in": row "Provizioane si beneficii angajati" will be
removed, having above the row "Beneficiile angajatilor".

Romanian version: page 62; table "Fluxuri de numerar din activitatea de
finantare"; row "Numerar net utilizat in activitatea de finantare" column "30
iunie 2022", value of 1.376,6 will be changed in 1.642,6.

Romanian version: page 2 and page 70, text update from "Anexa 13" to "Anexa
14".

English version: page 73, "chapter 11. Annexes, subchapter 11.2 Details of the
main investments of Electrica Group during the first semester of 2022; the
decimal separators will be changed throughout the annex and in the table
regarding the most significant investments made by the Group - Transilvania
Nord" - in the last 3 rows will be completed by adding "0." in front of the
initial values presented.

 TRANSILVANIA NORD                                                             Updated  Initial

                                                                               Values   values
 Modernization of LV OHL and connections in place. Rus area PTA1 and Rus PTA2  0.848    848
 Modernization of built MV/LV substations, TN area - Cluj-Napoca Branch, Cluj  0.908    908
 County - Vol.2 - POR Gherla area
 Increasing the power supply reliability in area Paleu, Bihor County           0.905    905

English version: page 74/75; "chapter 11. Annexes; subchapter 11.2 Details of
the main investments of Electrica Group during the first semester of 2022; the
table regarding the largest transfers from tangible assets in progress to
tangible assets representing, mainly, the commissioning of investments -
Transilvania North"  - in the last 5 rows will be completed by adding "0." in
front of the initial values presented:

 TRANSILVANIA NORD                                                              Updated  Initial

                                                                                Values   values
 Modernization of MV UGC in order to increase reliability of power supply:      0.856    856
 Iosia-PTZ Wagner Station; PTAb Environment protection-PTZ 24 ZV; PTAb
 Colinelor 2-PTAb Gh.Doja 2-PTAb Gh.Pop de Basesti-STE I
 Power injection in the South and West areas of Biharia locality, Bihor County  0.786    786
 Increasing the reliability of electricity supply in Floresti locality, Cluj    0.755    755
 county - Vol. 2: Narciselor street area
 Modernization of 20KV feeder connection and reconstruction of PTA 20 / 0.4KV   0.723    723
 Panic village, Salaj County
 Power injection and modernization of low voltage network Sarand locality,      0.700    700
 Bihor County

English version: page 59; chapter Financial Position; table Current assets;
translation for row "Restricted cash" will be changed in "Subsidies
receivable";

English version: page 61; in the paragraph "Current assets" the amount of
receivables for subsidies is in amount of RON 1,132.1 mn. instead of RON
1,211.3.

English version: page 63; table Cash flows from operating activities; Changes
in: row "Provisions and employee benefits" will be removed we have it above
with description "Employee benefits".

English version: page 64; table Cash flow from financing activities; row "Net
cash used in financing activities" column 30 June 2022, value of 1,376.6 will
be changed in 1,642.6.

English version: page 2 and page 72: correction from "Annex 13" to "Annex 14".

English version: page 72; chapter 11; sub-chapter 11.1; row "Non-current asset
turnover ratio" value 0.4 will be changed in 0.8.

The rest of the numbers and text from the financial statements remain
unchanged.

This erratum is published on the website of the company under the Investors
section (the links above), together with the corrected Report.

Contact: ir@electrica.ro (mailto:ir@electrica.ro) ; +40 21 208 5035 ; +40 731
796 111

 

 

CEO
 

Alexandru-Aurelian
Chirita

 

 

 

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