Source - RNS
RNS Number : 9325K
Fondul Proprietatea S.A.
13 April 2018
 

Fund Administrator:

Franklin Templeton International Services S.à r.l.

Administrator Code:

PJM07.1AFIASMDLUX0037

Fund:

Fondul Proprietatea SA

Fund Code:

PJR09SIIR/400006

Reporting date: 

30.03.2018

 

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

6,855,471,709.29

1.1. Intangible assets

664,906.65

1.2. Tangible assets

0.00

1.3. Financial assets

6,854,806,802.64

1.3.1 Listed shares**

13,565,539.82

1.3.2 Unlisted shares

6,841,241,262.82

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

3,028,494,957.94

2.1 Inventory

0.00

2.2 Receivables out of which:

10,399,700.12

- commercial papers

0.00

2.3 Cash

17,424,127.94

2.4 Short term financial investments

2,694,927,782.56

2.4.1 Listed shares**

2,694,927,782.56

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

13,317,937.25

2.7 Bank deposits

292,425,410.07

2.8 Certificates of deposits

0.00

2.9 Other current assets

0.00

3. Derivatives

0.00

4. Prepaid expenses

45,892.92

5. Total assets

9,884,012,560.15

6. Total liabilities

44,183,680.24

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

24,161,374.04

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

20,022,306.20

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:

9,838,972,632.69

9.1 Share capital

4,854,034,784.56

9.2 Share capital premiums

0.00

9.3 Revaluation differences

-9,105.87

9.4 Reserves

-1,208,270,779.10

9.5 Retained earnings

5,899,510,695.64

9.6 Period result

293,707,037.46

9.7 Profit appropriation

0.00

10. Total liabilities and Shareholders' equity

9,884,012,560.15

11. Net Asset Value

9,838,972,632.69

12. No of shares issued*

7,414,148,382

13. Net asset value per share

1.3270

14. Number of portfolio companies out of which:

37

14.1 Companies admitted to trading on a regulated market

5

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

5

14.3 Companies not admitted to trading

27

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 Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager on behalf of FONDUL PROPRIETATEA S.A

 

Oana Truta

Marius Nechifor

Legal 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 30 March 2018

 

The valuation methods used for the computation of the NAV as at 30 March 2018, 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: Shareholders' equity / share (from the annual financial statements prepared in accordance to Romanian accounting regulations or in accordance to IFRS),  Fair value/share;

4.   Unlisted companies: Shareholders' equity / share (from the annual financial statements prepared in accordance to Romanian accounting regulations or in accordance to IFRS), Fair value / share;

5.   Companies in insolvency or reorganisation: Valued either at zero or at the value provided by an independent valuator;

6.   Companies in liquidation/dissolution/ bankruptcy: Valued at zero;

7.   Companies with negative shareholders' equity, unlisted, or listed but not traded within the last 30 trading days: Valued at zero;

8.   Companies for which the annual financial statements of the previous year were not available 90 days after the legal term: Valued at zero;

9.   Treasury bills: Acquisition price cumulated with the accrued interest receivable calculated for the period elapsed since the date of acquisition;

10. Bank deposits: Bank deposit amount cumulated with the accrued interest receivable calculated for the period elapsed since its creation date.

 

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager of FONDUL PROPRIETATEA S.A

 

 

Oana Truta

Legal 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 30 March 2018

 

There was no change of the valuation methods used for the computation of the NAV as at 30 March 2018 for Fondul Proprietatea S.A, as compare to 28 February 2018, respectively from the last reporting of the net asset value of Fondul Proprietatea.

 

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager of FONDUL PROPRIETATEA S.A.

 

Oana Truta

Marius Nechifor

Legal representative

Compliance Officer

 

 

 

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

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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