Fondul Proprietatea Regulatory News (FP.)

Fund Administrator:

Franklin Templeton International Services S.à r.l.

Administrator Code:

PJM07.1AFIASMDLUX0037

Fund:

Fondul Proprietatea SA

Fund Code:

PJR09FIAIR/400018

Reporting date: 

30.04.2022

1. Intangible assets

0.00

2. Tangible assets

0.00

3. Real estate investments

0.00

4. Biological assets

0.00

5. Assets representing rights to use the underlying assets in a leasing contract

0.00

6. Financial assets

15,089,371,510.11

6.1. Financial assets at amortised cost

0.00

6.2. Financial assets at fair value through profit or loss, out of which:

15,089,371,510.11

6.2.1. Shares traded or listed on regulated markets in Romania*

979,368,568.53

6.2.2. Shares admitted or traded on a regulated market from a member state

0.00

6.2.3. Shares traded or listed on regulated markets from a non-EU Member State

0.00

6.2.4. Shares issued by Romanian companies not admitted to trading

13,881,436,708.84

6.2.5. Bonds admitted to trading issued or guaranteed by central government authorities

228,566,232.74

6.2.6. Municipal bonds

0.00

6.2.7. Corporative bonds

0.00

6.2.8. Treasury bills

0.00

6.2.9. Newly issued securities

0.00

6.2.10. Participation titles of UCITS and/or of OCIU/AIF

0.00

6.2.11. Equity titles

0.00

6.2.12. Derivates

0.00

6.2.13. Other financial assets

0.00

6.3. Financial assets at fair value through other comprehensive income

0.00

7. Cash (cash and cash equivalents)

84,109,263.42

8. Bank deposits

697,475,544.80

9. Other assets

978,243,301.96

9.1. Dividends and other receivable rights

764,040,019.71

9.2. Other assets

214,203,282.25

10. Prepaid expenses

726,344.70

11. Total Assets

16,849,925,964.99

12. Total liabilities

885,357,118.80

12.1. Financial liabilities at amortised cost

884,080,933.91

12.2. Deferred tax liability

0.00

12.3. Other debts

1,276,184.89

13. Provisions for risks and charges

0.00

14. Deferred income

0.00

15. Shareholders' equity, out of which:

15,964,568,846.19

15.1. Share capital

3,334,342,422.84

15.2. Elements similar to share capital

0.00

15.3. Other elements of shareholders' equity

0.00

15.4. Share capital premiums

0.00

15.5. Revaluation differences

-3,211.21

15.6. Reserves

897,568,458.79

15.7. Treasury shares

-379,377,916.25

15.8. Retained earnings

9,082,996,156.71

15.9. Period result

3,029,042,935.31

16. Net Asset Value

15,964,568,846.19

17. Number of issued shares**

6,194,326,989

18. Net asset value per share

2.5772

19. Number of portfolio companies out of which:

32

19.1 Companies admitted to trading on an EU market

6

19.2 Companies admitted to trading on a non-EU market

0

19.3 Companies not admitted to trading

26

Method type

Leverage level

Exposure amount

a) Gross method

94.52%

15,089,375,759.49

b) Commitment method

100.00%

15,964,568,846.19

Johan Meyer

Marius Nechifor

Permanent representative

Compliance Officer

Victor Strâmbei

Name

Symbol

Valuation method

1

Alcom SA

ALCQ

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

2

Alro Slatina SA

ALR

Closing Price

3

IOR SA

IORB

Reference price

4

Mecon SA

MECP

Fair value (Last trading price)

5

OMV Petrom SA

SNP

Closing Price

6

Romaero SA

RORX

Reference price

1

Aeroportul International Mihail Kogalniceanu - Constanta SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

2

Aeroportul International Timisoara - Traian Vuia SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

3

CN Administratia Canalelor Navigabile SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

4

CN Administratia Porturilor Dunarii Fluviale SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

5

CN Administratia Porturilor Dunarii Maritime SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

6

CN Administratia Porturilor Maritime SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

7

CN Aeroporturi Bucuresti SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

8

Complexul Energetic Oltenia SA

Value based on the valuation report as at 31 October 2021 (valued at zero due to negative EBIT and high net debt)

9

E-Distributie Banat SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

10

E-Distributie Dobrogea SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

11

E-Distributie Muntenia SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

12

Enel Energie Muntenia SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

13

Enel Energie SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

14

Engie Romania SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for EBITDA)

15

Hidroelectrica SA

Value based on the valuation report as at 31 December 2021 (applying the market comparison technique using comparable trading multiples for EBITDA) updated based on the most recent financial information, the most recent comparable trading multiple for EBITDA and the most recent estimated DLOM

16

Plafar SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

17

Posta Romana SA

Value based on the valuation report as at 31 October 2021 (applying the market comparison technique using comparable trading multiples for Price/Earnings)

18

Societatea Nationala a Sarii SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

19

World Trade Hotel SA

Priced at zero (lack of annual financial statements for the last 8 financial years including the financial statements for the year-ended 31 December 2020; last available financial statements are those for the year-ended 31 December 2012)

20

Zirom SA

Value based on the valuation report as at 31 October 2021 (applying the income approach using the discounted cash flow method)

Name

Symbol

Valuation method

1

Comsig SA

Valued at zero (administrative liquidation)

2

Gerovital Cosmetics SA

Valued at zero (bankruptcy)

3

Romplumb SA

Valued at zero (bankruptcy)

4

Salubriserv SA

Valued at zero (bankruptcy)

5

Simtex SA

Valued at zero (judicial reorganisation)

6

World Trade Center Bucuresti SA

Valued at zero (insolvency)

Name

Symbol

Valuation method

Listed government bonds

Fair value (reference composite price, including the cumulated interest)

Name

Symbol

Valuation method

Treasury bills with discount

Acquisition price cumulated with the accrued interest receivable calculated for the period elapsed from the date of acquisition

Name

Symbol

Valuation method

Bank deposits

Bank deposit amount cumulated with the accrued interest receivable calculated for the period elapsed from its starting date

Johan Meyer

Marius Nechifor

Permanent representative

Compliance Officer

BRD Groupe Societe Generale

Victor Strâmbei

Manager Depositary Department

Company

Previous value per share (RON/ share)

Previous value of the holding (RON)

Current value per share (RON/ share)

Current value of the holding (RON)

Impact of the valuation update on NAV

(RON)

Impact of the valuation change on NAV

%

Hidroelectrica SA

110.9646

9,924,442,573.77

127.1318

11,370,403,249.33

+1,445,960,675.56

+9.95%

Johan Meyer

Marius Nechifor

Permanent representative

Compliance Officer