14 May 2021 16:44
Fund Administrator: | Franklin Templeton International Services S.à r.l. |
Administrator Code: | PJM07.1AFIASMDLUX0037 |
Fund: | Fondul Proprietatea SA |
Fund Code: | PJR09SIIR/400006 |
Reporting date: | 29.04.2021 |
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 | 8,003,423,730.18 |
1.1. Intangible assets | 0.00 |
1.2. Tangible assets | 0.00 |
1.3. Financial assets | 8,003,423,730.18 |
1.3.1 Listed shares** | 8,863,425.29 |
1.3.2 Unlisted shares | 7,994,560,304.89 |
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 | 2,963,577,479.66 |
2.1 Inventory | 0.00 |
2.2 Receivables out of which: | 632,544.79 |
- commercial papers | 0.00 |
2.3 Cash | 32,603,889.76 |
2.4 Short term financial investments | 2,048,841,667.79 |
2.4.1 Listed shares** | 2,048,841,667.79 |
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 | 276,537,001.01 |
2.7 Bank deposits | 604,962,376.31 |
2.8 Certificates of deposits | 0.00 |
2.9 Other current assets | 0.00 |
3. Derivatives | 0.00 |
4. Prepaid expenses | 685,516.03 |
5. Total assets | 10,967,686,725.87 |
6. Total liabilities | 496,923,676.20 |
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 | 27,805,637.92 |
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 | 469,118,038.28 |
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: | 10,469,906,802.45 |
9.1 Share capital | 3,749,282,292.08 |
9.2 Share capital premiums | 0.00 |
9.3 Revaluation differences | -3,848.02 |
9.4 Reserves | -27,040,783.88 |
9.5 Retained earnings | 5,969,463,810.66 |
9.6 Period result | 778,205,331.61 |
9.7 Profit appropriation | 0.00 |
10. Total liabilities and Shareholders' equity | 10,967,686,725.87 |
11. Net Asset Value | 10,469,906,802.45 |
12. No of shares issued* | 5,956,217,331 |
13. Net asset value per share | 1.7578 |
14. Number of portfolio companies out of which: | 32 |
14.1 Companies admitted to trading on a regulated market | 2 |
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., in its capacity of alternative investment fund manager of Fondul Proprietatea SA
Călin Meteș | Marius Nechifor |
Permanent representative | Compliance Officer |
BRD Groupe Societe Generale
Victor Strâmbei |
Manager Depositary Department |
Annex - Valuation methods used for the securities and the monetary market instruments held by Fondul Proprietatea S.A. as at 29 April 2021
The valuation methods used for the computation of the NAV as at 29 April 2021, 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;
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., in its capacity of alternative investment fund manager of Fondul Proprietatea SA
Calin Metes Permanent Representative
|
Marius Nechifor Compliance Officer |
Annex - Changes in the valuation methods used for the computation of the NAV of Fondul Proprietatea as at 29 April 2021
For the computation of the NAV of Fondul Proprietatea SA as at 29 April 2021, the valuation methods used for the valuation of investments presented below have been changed and/or have been updated:
Mecon SA
For this holding, the valuation method has been changed from Fair value (Last available trading price) (respectively RON 12.00 /share) to Reference price - Average price (respectively RON 19.00 /share) according to CNVM Regulation 4/2010, as subsequently amended, because the shares of this company were traded during the last 30 trading days. The total impact of this change on the Fund's NAV was an increase of RON 420,378.00.
Government Bonds
The valuation method used for the valuation of Government Bonds remained the same, respectively Fair value (reference composite price, including the cumulated interest), but the source for the composite price has been changed from Reuters to Markit.
Franklin Templeton International Services S.à r.l., in its capacity of alternative investment fund manager of Fondul Proprietatea SA
Calin Metes | Marius Nechifor |
Permanent representative | Compliance Officer |
Fondul Proprietatea (FP.)