REG - Soc EnergElectricaSA - Report according art. 92 ind. 3 Law 24/2017
To: Romanian Financial Supervisory Authority (ASF)
Bucharest Stock Exchange (BVB)
London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 14 December 2020
Company name: Societatea Energetica Electrica S.A. (Electrica)
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 (BVB) and London Stock Exchange (LSE)
Significant events to be reported: Transactions with related parties according to Art. 923 para (12) of Law No. 24/2017, concluded by the distribution companies and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatii Energetice Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, between 10-11 December 2020, of several transactions between EFSA and Societatea de Distributie a Energiei Electrice Muntenia Nord S.A. (SDMN), EFSA and Societatea de Distributie a Energiei Electrice Transilvania Nord S.A. (SDTN), respectively EFSA and Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS), that have a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795.
Details regarding the transactions concluded between 10-11 December 2020, containing information about the date of execution, type of transactions, description of their scope, total value of the transactions, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
The transactions that represent re-invoices were performed based on contracts that, due to an error, were not identified for reporting them previously. Therefore, details regarding these transactions, concluded in the last 12 months between the parties, between 1 December 2019 and 29 November 2020, which lead to exceeding, at a cumulative level, the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, are presented in Annex 2.
Chief Executive Officer
Georgeta Corina Popescu
Annex 1:
Details regarding the transactions concluded between 10-11 December 2020 by SDMN with EFSA of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transactions (RON th.)
Invoice date / number
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
Seller: EFSA
Buyer: SDMN
EFSA and SDMN
Contract R84 / 31 Aug 2007
Contract 501 / 1 Aug 2011
AA nr. 7 / 1 Mar 2019
Re-invoicing - pensioners energy quota
Electricity consideration granted to individuals benefiting from the provisions of GD.1041 / 2003 and GD.1461 / 2003
25.10
EFSA202011000060, EFSA202011000053 / 30.11.2020
31 august 2007
during the period GD 1041/2003 and GD 1461/2003
0.1% for each day of delay, starting with the first day after the due date
The invoice is issued on the 15th of each month, with the date of issue the date of the last calendar day of the previous month.
Payment is made within 30 calendar days from the date of issue
Seller: EFSA
Buyer: SDMN
SDMN and EFSA MN
R102263 / 30 Mar 2016
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
38,612.51
7190001444/11.12.2020; 7190001445/11.12.2020;
1 April 2016
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of receipt of the invoice.
SDMN and EFSA MN
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - Other services provided as a distribution operator - interventions in the distribution network
5.11
7090002500/11.12.2020;
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 30 days from the date of issuance of the invoice
SDMN and EFSA MN
2630/1 Mar 2018,
Re-invoicing common expenses (security services)
2.99
5390001917/11.12.2020; 5390001918/11.12.2020; 5390001919/11.12.2020; 5390001920/11.12.2020; 5390001921/11.12.2020; 5390001922/11.12.2020
1 March 2018
N/A
0
0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of the issuance of the invoice.
SDMN and EFSA TS
R106538/7 Jul 2015
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
10.04
2190010225/11.12.2020
1 August 2015
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of receipt of the invoice.
R106673/11 Jul 2015
10.59
4190009014/11.12.2020;
R107111/27 Jul 2015
6.68
3190011973/11.12.2020;
R107203/28 Jul 2015
58.44
1190018966/11.12.2020;
R107421/31 Jul 2015
14.90
5190009581/11.12.2020;
R107426/31 Jul 2015
26.60
6190011203/11.12.2020;
SDMN and EFSA TN
R110808/5 Nov 2015
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
4.79
2190010224/11.12.2020;
1 December 2015
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of receipt of the invoice.
R111559/25 Nov 2015
1.90
6190011202/11.12.2020;
R112463/15 Dec 2015
5.37
3190011972/11.12.2020;
1 January 2016
R112651/16 Dec 2015
30.42
1190018965/11.12.2020;
R112798/18 Dec 2015
5.34
5190009580/11.12.2020;
R112920/21 Dec 2015
3.74
4190009015/11.12.2020;
SDMN and EFSA MN
10335/1 Aug 2007
Re-invoicing common expenses
16.90
1390001175/11.12.2020;
1 August 2007
31 August 2021
0
0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of registration of the invoice by the beneficiary
SDMN and EFSA MN
580/108/27 Sept 2007
Re-invoicing telecommunications services
3.14
7390000533/11.12.2020; 7390000534/11.12.2020; 7390000537/11.12.2020;3390000959/ 11.12.2020;
1 August 2007
31 December 2020
0
0.001% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of registration of the invoice by the beneficiary.
SDMN and EFSA MN
R4990/31 Oct 2012
IT services
8.83
7090002491/25.11.2020
1 November 2012
31 December 2020
0
0.6% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 60 days from the date of registration of the invoice by the beneficiary.
Re-invoicing IT services
6.84
7390000531/25.11.2020
0.04% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Transactions total amount (RON th.):
38,971.94
Due and not due mutual receivables of EFSA to SDMN at 9.12.2020: RON 1.106,72 th.
Due and not due mutual debts of EFSA to SDMN at 9.12.2020: RON 46,918.38 th.
Details regarding the transactions concluded between 10-11 December 2020 by SDTN with EFSA of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transactions (RON th.)
Invoice date / number
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
Seller: EFSA
Buyer: SDTN
EFSA and SDTN
Contract 268 / 29 Aug 2007
AA nr 16 / 18 Feb 2020
Re-invoicing - pensioners energy quota
Electricity consideration granted to individuals benefiting from the provisions of GD.1041 / 2003 and GD.1461 / 2003
23.75
EFSA202011000054 / 30.11.2020
1 August 2007
during the period GD 1041/2003 and GD 1461/2003
0.1% for each day of delay, starting with the 31st day from the due date
The invoice is issued within 5 working days from the expiration of each month in which the energy was invoiced to the pensioners. The invoice date is the date of the last day of the reference month.
Payment is made until the 25th of the following reference month (due date)
EFSA and SDTN
Convention 886 / 31 Dec 2015,
Convention 887 / 31 Dec 2015, Convention 72 / 26 Jan 2017,
Convention 13 / 2 Feb 2017, Lease ctr. 885
AA1 /1 Aug 2018/conv. 72
AA2 /1 Mar 2019/conv. 72
Re-invoicing utilities according to the renting space
0.98
EFSA202011000090, EFSA202011000092, EFSA202011000094 / 30.11.2020
1 January 2016 (conv. 886/887)
1 January 2017 (convention 72/13)
1 July 2018 (AA 1)
1 March 2019 (AA 2)
N/A
0.03% for delays of more than 30 days, the percentage is applied to the amount due for each calendar day, starting with the first day after maturity. The value of the penalties cannot exceed the value of the outstanding debt.
Payment is made within 10 days from the date of registration of the invoice by the tenant
Seller: EFSA
Buyer: SDTN
SDTN and EFSA TN
103 / 10 Mar 2016
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
(24.31)*
*corrections for reactive energy
AFFTN9710008381/ 11.12.2020 AFFTN9710008382/ 11.12.2020
1 April 2016
N/A
0
Penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)
The issuing of the invoice with the amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.
Transactions total amount (RON th.):
0.42
Due and not due mutual receivables of EFSA to SDTN at 9.12.2020: RON 935,74 th.
Due and not due mutual debts of EFSA to SDTN at 9.12.2020: RON 41,610.77 th.
Details regarding the transactions concluded on 10 December 2020 by SDTS with EFSA of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transactions (RON th.)
Invoice date / number
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
EFSA si SDTS
Contract C49 / 7 Sept 2007
AA no. 139 / 1 Sept 2020
Re-invoicing - pensioners energy quota
Electricity consideration granted to individuals benefiting from the provisions of GD.1041 / 2003 and GD.1461 / 2003
19.65
EFSA202011000044 / 30.11.2020
7 September 2007
during the period GD 1041/2003 and GD 1461/2003
In case of non-payment by the beneficiary of the payment obligations within 30 days from the due date, the supplier fully recovers from pensioners the equivalent value of the invoiced and uncollected electricity. If the supplier does not fulfill its obligations by contract, the beneficiary has the right to calculate penalties equal to an amount equivalent to the quota provided for non-payment of obligations to the State Budget.
The invoice is issued on the 15th of the month following the one in which the energy for the pensioners was invoiced.
Payment is made within 15 days of receipt of the invoice.
EFSA si SDTS
Contract no. 876 / 29 Dec 2015 + re-invoicing convention
AA 3 / 18 Jan 2019 for Contract 876 / 29 Dec 2015
Re-invoicing utilities according to the renting space
5.51
EFSA202011000050,
EFSA202011000085,
EFSA202011000086 / 30.11.2020
1 January 2016
31 December 2023
0.02% of the unpaid amount until maturity
Payment is made within 10 working days from the date of registration of the invoice by the tenant
Transactions total amount (RON th.):
25.16
Due and not due mutual receivables of EFSA to SDTS at 9.12.2020: RON 747.55 th.
Due and not due mutual debts of EFSA to SDTS at 9.12.2020: RON 77,608.87 th.
Annex 2: Details regarding the transactions concluded in the last 12 months, of the kind listed in Art. 923 of Law No. 24/2017
Seller: EFSA
Buyer: SDMN, SDTN, SDTS
Parties of the transaction
Agreement Type and No., execution date
Scope of the transactions
Amount in the last 12 months, at 29.11.2020 (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties (RON th.)
Payment due dates and payment methods
EFSA and SDMN
Contract R84 / 31 Aug 2007
Contract 501 / 1 Aug 2011
AA nr. 7 / 1 Mar 2019
Re-invoicing - pensioners energy quota
Electricity consideration granted to individuals benefiting from the provisions of GD.1041 / 2003 and GD.1461 / 2003
622.33
31 august 2007
during the period GD 1041/2003 and GD 1461/2003
0.1% for each day of delay, starting with the first day after the due date
The invoice is issued on the 15th of each month, with the date of issue the date of the last calendar day of the previous month.
Payment is made within 30 calendar days from the date of issue
EFSA and SDTN
Contract 268 / 29 Aug 2007
AA nr 16 / 18 Feb 2020
Re-invoicing - pensioners energy quota
Electricity consideration granted to individuals benefiting from the provisions of GD.1041 / 2003 and GD.1461 / 2003
559.78
1 August 2007
during the period GD 1041/2003 and GD 1461/2003
0.1% for each day of delay, starting with the 31st day from the due date
The invoice is issued within 5 working days from the expiration of each month in which the energy was invoiced to the pensioners. The invoice date is the date of the last day of the reference month.
Payment is made until the 25th of the following reference month (due date)
EFSA and SDTN
Convention 886 / 31 Dec 2015,
Convention 887 / 31 Dec 2015, Convention 72 / 26 Jan 2017,
Convention 13 / 2 Feb 2017, Lease ctr. 885
AA1 /1 Aug 2018/conv. 72
AA2 /1 Mar 2019/conv. 72
Re-invoicing utilities according to the renting space
15.63
1 January 2016 (conv. 886/887)
1 January 2017 (convention 72/13)
1 July 2018 (AA 1)
1 March 2019 (AA 2)
N/A
0.03% for delays of more than 30 days, the percentage is applied to the amount due for each calendar day, starting with the first day after maturity. The value of the penalties cannot exceed the value of the outstanding debt.
Payment is made within 10 days from the date of registration of the invoice by the tenant
EFSA si SDTS
Contract C49 / 7 Sept 2007
AA no. 139 / 1 Sept 2020
Re-invoicing - pensioners energy quota
Electricity consideration granted to individuals benefiting from the provisions of GD.1041 / 2003 and GD.1461 / 2003
530.18
7 September 2007
during the period GD 1041/2003 and GD 1461/2003
In case of non-payment by the beneficiary of the payment obligations within 30 days from the due date, the supplier fully recovers from pensioners the equivalent value of the invoiced and uncollected electricity. If the supplier does not fulfill its obligations by contract, the beneficiary has the right to calculate penalties equal to an amount equivalent to the quota provided for non-payment of obligations to the State Budget.
The invoice is issued on the 15th of the month following the one in which the energy for the pensioners was invoiced.
Payment is made within 15 days of receipt of the invoice.
Total amount executed in the last 12 months, at 29.11.2020 (RON th.):
1,727.92
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