Quarterly Report • Aug 12, 2015
Quarterly Report
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COUNTY: DOLJ
UNIT: SOCIETATEA DE INVESTITII FINANCIARE OLTENIA S.A. ADDRESS: CRAIOVA, TUFANELE STREET, NO. 1 PHONE: 0251-419335 FAX: 0251-419340 NUMBER IN THE TRADE REGISTER: J16/1210/1993
TYPE OF THE FINANCIAL SITUATION AND FORM OF PROPERTY: 34 MAIN ACTIVITY (name of the CAEN class): OTHER TYPES OF FINANCIAL INTERMEDIATIONS CODE OF THE CAEN CLASS: 6499 SOLE REGISTRATION CODE: 4175676
F10 – pag. 1
| 10 | lei | |||||
|---|---|---|---|---|---|---|
| No. | Balance account | |||||
| row | The beginning of the financial exercise |
The end of the reporting period |
||||
| A | B | 1 | 2 | |||
| A. FIXED ASSETS | ||||||
| I.INTANGIBLE ASSETS | ||||||
| 1.Constitution expenses (ct. 201 - 2801) |
01 | 0 | 0 | |||
| 2.Development expenses (ct. 203 - 2803 - 2903) | 02 | 0 | 0 | |||
| 3. Concessions, patents, licences, commercial trade marks, rights and similar values and other intangible assets (ct. 205+208-2805-2808-2905- 2908) |
03 | 292 | 1,773 | |||
| 4. Commercial fund (ct. 2071-2807-2907) | 04 | 0 | 0 | |||
| 5.Advances and intangible assets in course of execution (ct. 233+234- 2933) |
05 | 0 | 0 | |||
| TOTAL (row 01 to 05) |
06 | 292 | 1,773 | |||
| II. TANGIBLE ASSETS | ||||||
| 1. Lands and constructions (ct. 211 + 212 - 2811 - 2812 - 2911 - 2912) | 07 | 12,843,320 | 12,639,331 | |||
| 2.Technical installations and machines (ct. 213 - 2813 - 2913) | 08 | 66,689 | 53,062 | |||
| 3. Other installations, equipments and furniture (ct. 214 - 2814 - 2914) | 09 | 72,292 | 75,225 | |||
| 4. Advances and tangible assets in progress (ct. 231 + 232 - 2931) | 10 | 0 | 0 | |||
| TOTAL (row 07 to 10) | 11 | 12,982,301 | 12,767,618 | |||
| III. FINANCIAL ASSETS | ||||||
| 1. Shares held in affiliated entities (ct. 261-2961) | 12 | 113,158,846 | 113,183,523 | |||
| 2. Loans given to affiliated entities (ct. 2671 + 2672 - 2965) | 13 | 0 | 0 | |||
| 3. Participation interests (ct. 263-2963) | 14 | 0 | 0 | |||
| 4. Loans granted to entities to which the company is connected through participation interests (ct. 2675+2676-2967) |
15 | 0 | 0 | |||
| 5. Titles and other financial instruments held as non-current assets (ct. 262+264+265+266-2962-2964-2696) |
16 | 805,638,934 | 836,056,893 | |||
| 6. Other receivables (ct. 2673 + 2674 + 2678 + 2679 - 2966 - 2969) | 17 | 358,327 | 344,716 | |||
| TOTAL (row 12 to 17) |
18 | 919,156,107 | 949,585,132 | |||
| FIXED ASSETS - TOTAL (row 06+11+18) | 19 | 932,138,700 | 962,354,523 | |||
| B. CIRCULATING ASSETS | ||||||
| I. STOCKS | ||||||
| 1. Consumable materials (ct.302 + 303 ± 308 + 351 - 392 - 395) | 20 | 33,572 | 35,207 | |||
| 2.Services in course of execution (ct. 332-394) | 21 | 0 | 0 | |||
| 3. Advances for stocks purchases (ct. 4091) | 22 | 0 | 0 | |||
| TOTAL (rows 20 to 22) |
23 | 33,572 | 35,207 | |||
| II. RECEIVABLES (Amounts that follow to be cashed after a period | ||||||
| greater than one year must be presented separately for each element ) | ||||||
| 1. Commercial receivables (ct. 2675 + 2676 + 2678 + 2679 - 2966 - 2969* + 4092 + 411 + 413 + 418 - 491) |
24 | 19,840 | 8,585 | |||
| 2. Amounts to be cashed from affiliated entities (ct. 4511 + 4518 - 4951) | 25 | 0 | 0 | |||
| 3. Amounts to be cashed from participation interests (ct. 4521 + 4528 - 4952) |
26 | 0 | 0 | |||
| 4. Other receivables (ct.425+4282+431+437+4382+441+4424+4428+ 444+445+446+447+4482+4484+4582+461+473-496+5187) |
27 | 17,428,439 | 11,871,760 |
| F10 – pag. 2 | |||
|---|---|---|---|
| 5. Receivables regarding the subscribed and not transferred capital (ct. 456 - 4953) |
28 | 0 | 0 |
| TOTAL (row 24 to 28) | 29 | 17,448,279 | 11,880,345 |
| III. SHORT TERM FINANCIAL INVESTMENTS | |||
| 1. Shares held in affiliated entities (ct. 501 - 591) | 30 | 0 | 0 |
| 2. Other financial investments on short term (ct. 5031 + 5032 + 505 + 5061 + 5062 + 5071 + 5072 + 5081 + 5082 + 5088 + 5089 - 593 - 595 - 596 - 597 - 598 + 5113 + 5114) |
31 | 39,336,729 | 28,679,855 |
| TOTAL (row 30 to 31) |
32 | 39,336,729 | 28,679,855 |
| IV. CASH REGISTER AND ACCOUNTS IN BANKS (ct.5112 + 5121 + 5122 + 5123 + 5124 + 5125 + 5311 + 5314 + 5321 + 5322 + 5323 + 5328 + 5411 + 5412 + 542) |
33 | 194,154 | 333,300 |
| (rows 23 + 29 + 32 + 33) CIRCULATING ASSETS - TOTAL |
34 | 57,012,734 | 40,928,707 |
| C. EXPENSES IN ADVANCE (ct.471) | 35 | 91,275 | 170,299 |
| D. DEBTS THAT HAVE TO BE PAID IN A PERIOD OF ONE YEAR | |||
| 1. Loans from emissions of bonds (ct. 1614 + 1615 + 1617 + 1618 + 1681 - 169) |
36 | 0 | 0 |
| 2. Amounts due to the credit institutions (ct. 1621 + 1622 + 1624 + 1625 + 1627 + 1682 + 5191 + 5192 + 5198) |
37 | 0 | 0 |
| 3. Advances cashed in the account of clients (ct. 419) | 38 | 0 | 0 |
| 4. Commercial debts (ct. 401 + 404 + 408) | 39 | 2,243,528 | 124,143 |
| 5. Trade effects to be paid (ct. 403 + 405) |
40 | 0 | 0 |
| 6. Amounts due to the affiliated entities (ct. 1661 + 1685 + 2691 + 4511 + 4518) |
41 | 0 | 0 |
| 7. Amounts due regarding participation interests (ct. 1662 + 1686 + 2692 + 2693 + 4521 + 4528) |
42 | 0 | 0 |
| 8. Other debts, including fiscal debts and other debts for social insurances (ct. 1623 + 1626 + 167 + 1687 + 2698 + 421 + 423 + 424 + 426 + 427 + 4281 + 431 + 437 + 4381 + 441 + 4423 + 4428 + 444 + 446 + 447 + 4481 + 4551 + 4558 + 456 + 457 + 4581 + 462 + 473 + 509 + 5186 + 5193 + 5194 + 5195 + 5196 + 5197) |
43 | 74,490,178 | 139,467,244 |
| TOTAL (row 36 to 43) |
44 | 76,733,706 | 139,591,387 |
| E. NET CIRCULATING ASSETS, RESPECTIVELY NET CURRENT DEBTS (rows 34 + 35 - 44 - 60.2) |
45 | -19,629,697 | -98,492,381 |
| F. TOTAL ASSETS MINUS CURRENT DEBTS (rows 19+45) | 46 | 912,509,003 | 863,862,142 |
| G. DEBTS THAT MUST BE PAID IN A PERIOD GREATER THAN ONE YEAR |
|||
| 1. Loans from emissions of bonds (ct. 1614 + 1615 + 1617 + 1618 + 1681 - 169) |
47 | 0 | 0 |
| 2. Amounts due to the credit institutions (ct. 1621 + 1622 + 1624 + 1625 + 1627 + 1682 + 5191 + 5192 + 5198) |
48 | 0 | 0 |
| 3.Advances cashed in the account of customers (ct. 419) | 49 | 0 | 0 |
| 4. Commercial debts (ct. 401 + 404 + 408) | 50 | 0 | 0 |
| 5. Trade effects to be paid (ct. 403 + 405) | 51 | 0 | 0 |
| 6. Amounts due to the affiliated entities (ct. 1661 + 1685 + 2691 + 4511 + 4518) |
52 | 0 | 0 |
| 7. Amounts due regarding the participation interests (ct. 1662 + 1686 + 2692 + 2693 + 4521 + 4528) |
53 | 0 | 0 |
| 8. Other debts, including fiscal debts and other debts for social insurances (ct.1623+1626+167+1687+2698+421+423+424+426+427+4281+431 +437+4381+441+4423+4428+444+446+447+4481+4551+4558+456 +457+4581+462+473+509+5186+5193+5194+5195+5196+5197) |
54 | 0 | 0 |
| TOTAL (row 47 to 54) |
55 | 0 | 0 |
| H. COMMISSIONS |
| F10 – pag. 3 | |||
|---|---|---|---|
| 1. Commissions for pensions and other similar obligations (ct. 1515) | 56 | 0 | 0 |
| 2. Commissions for taxes (ct. 1516) |
57 | 40,210,662 | 39,500,181 |
| 3. Other commissions (ct.1511 + 1512 + 1513 + 1514 + 1518) | 58 | 8,211,531 | 8,211,531 |
| TOTAL COMMISSIONS (rows 56 +57 + 58) | 59 | 48,422,193 | 47,711,712 |
| I. INCOMES IN ADVANCE (row 60.1 + 60.2 +60.3) of which: | 60 | 0 | 0 |
| 1. subventions for investments (ct.475) |
60.1 | 0 | 0 |
| 2. incomes registered in advance (ct.472) |
60.2 | 0 | 0 |
| 3. negative commercial fund (ct. 2075) | 60.3 | 0 | 0 |
| J. CAPITAL AND RESERVES | |||
| I.CAPITAL (rows 62 to 63) of which: | 61 | 58,016,571 | 58,016,571 |
| 1. not transferred subscribed capital (ct. 1011) | 62 | 0 | 0 |
| 2. transferred subscribed capital (ct. 1012) | 63 | 58,016,571 | 58,016,571 |
| II. CAPITAL PREMIUMS (ct. 104) | 64 | 0 | 0 |
| III. RESERVES FROM REVALUATION (ct.105) | |||
| Balance C | 65 | 10,268,878 | 10,088,035 |
| Balance D | 66 | 0 | 0 |
| IV. RESERVES (rows 68 - 69 + 70 + 71 + 72 +73 + 74) | 67 | 700,924,932 | 644,306,557 |
| 1. Legal reserves (ct. 1061) | 68 | 11,603,314 | 11,603,314 |
| 2. Reserves formed from adjustments for losses of value of the financial assets (ct. 1062 debtor balance) |
69 | 22,320,502 | 22,320,502 |
| 3. statutory or contractual reserves (ct. 1063) | 70 | 6,178,721 | 6,178,721 |
| 4. reserves formed from the value of financial assets acquired with free title (ct. 1065) |
71 | 106,685,985 | 107,318,794 |
| 5.reserves from the revaluation at the fair value (ct. 1066) ** | 72 | 0 | 0 |
| 6. reserves representing a surplus accomplished from revaluation reserves (ct. 1067) |
73 | 5,686,577 | 5,845,917 |
| 7. other reserves (ct. 1068) | 74 | 593,090,837 | 535,680,313 |
| Own shares (ct. 109) | 75 | 0 | 0 |
| Gains connected to instruments of own capitals (ct. 141) | 76 | 0 | 0 |
| Losses connected to instruments of own capitals (ct. 149) | 77 | 0 | 0 |
| V. RESULT RETAINED (ct.117) | |||
| Balance C | 78 | 299 | 299 |
| Balance D | 79 | 0 | 0 |
| VI. RESULT OF THE FINANCIAL EXERCISE (ct.121) | |||
| Balance C | 80 | 94,876,130 | 103,738,968 |
| Balance D | 81 | 0 | 0 |
| Profit allocation (ct.129) | 82 | 0 | 0 |
| TOTAL OWN EQUITY (row 61 + 64 + 65 - 66 + 67 – 75 + 76 - 77 + 78 - 79 + 80 - 81 - 82) |
83 | 864,086,810 | 816,150,430 |
*The amounts written on this row and taken from the accounts 2675 to 2679 represent receivables related to the contracts of financial leasing and to other assimilated contracts as well as other fixed receivables due in a period shorter than 12 months ** This account only appears in consolidated annual financial statements
Last name and first name: conf. univ.dr.ec. Tudor Ciurezu Last name and first name:: ec. Elena Sichigea
Signature Signature
Last name and first name: jr. Anina Radu
Signature
Unit seal
Quality: Economic Manager
F20 – pag. 1
| 20 | lei | |||
|---|---|---|---|---|
| NAME OF INDICATORS | No. row |
Accomplishments related to the reporting period |
||
| Previous | Current | |||
| A | B | 1 | 2 | |
| A. | INCOMES FROM THE CURRENT ACTIVITY - TOTAL (rows 02 to 11) |
01 | 126,320,628 | 157,289,754 |
| Incomes from financial non-current assets (ct. 761) | 02 | 38,187,790 | 22,610,688 | |
| Incomes from financial investments on short term (ct. 762) | 03 | 0 | 0 | |
| Incomes from fixed receivables (ct. 763) | 04 | 0 | 0 | |
| Incomes from financial investments transferred (ct. 7585+764) | 05 | 81,702,992 | 38,823,129 | |
| Incomes from services performed (ct.704) | 06 | 0 | 0 | |
| Incomes from commissions, reactivated receivables and various debtors (ct. 754+781+786) |
07 | 3,707,111 | 12,271,836 | |
| Incomes from the difference of the exchange rate (ct.765) | 08 | 104,673 | 688,139 | |
| Incomes from interests (ct. 766) | 09 | 215,341 | 123,975 | |
| Incomes from fixed production 721+722) | 10 | 0 | 0 | |
| Other incomes from the current activity (ct.705 + 706 + 708 + 741 + 7581 + 7582 + 7583 + 7584 + 7588 + 767 + 768 + 7815) |
11 | 2,402,721 | 82,771,987 | |
| B. | EXPENSES FROM THE CURRENT ACTIVITY- TOTAL(row 13 to 20) |
12 | 55,252,155 | 34,138,427 |
| Losses related to receivables connected to participations (ct. 663) | 13 | 0 | 0 | |
| Expenses related to financial investments transferred (ct. 6585+664) | 14 | 50,084,029 | 28,640,445 | |
| Expenses from the differences of the exchange rate (ct.665) | 15 | 155,446 | 319,364 | |
| Expenses regarding interests (ct.666) | 16 | 0 | 0 | |
| Expenses regarding commissions and fees (ct.622) | 17 | 436,784 | 678,208 | |
| Expenses with banking services and assimilated ones (ct.627) | 18 | 5,597 | 8,162 | |
| Amortizations commissions losses from receivables and various debtors (ct. 654+681+686) |
19 | 274,313 | 233,568 | |
| Other expenses from the current activity(row 21+ 22 + 23 + 26 + 27) | 20 | 4,295,986 | 4,258,680 | |
| a.Expenses with materials (ct. 602+603+604) | 21 | 132,513 | 122,360 | |
| b. Expenses regarding energy and water (ct.605) | 22 | 85,704 | 83,654 | |
| c.Expenses with the personnel of which (row 24+25) | 23 | 2,922,207 | 3,056,711 | |
| c1. Wages (ct. 621+641+642+643 +644) | 24 | 2,255,587 | 2,487,466 | |
| c2. Expenses regarding insurances and social protection (ct 635) | 25 | 666,620 | 569,245 | |
| d. Expenses regarding external services (ct.611 + 612 + 613 + 614 + 623 + 624 + 625 + 626 + 628 + 6581 + 6582 +6583 +6588 + 667 + 668) |
26 | 277,219 | 238,759 | |
| e. Expenses with other taxes, fees and assimilated transfers (ct. 635) | 27 | 878,343 | 757,196 | |
| C. | THE CURRENT RESULT: | |||
| - Profit (row 01-12) | 28 | 71,068,473 | 123,151,327 | |
| - Loss (row 12-01) | 29 | 0 | 0 | |
| D. | INCOMES FROM THE EXTRAORDINARY ACTIVITY (ct. 771) |
30 | 0 | 0 |
| F20 – pag. 2 | ||||
|---|---|---|---|---|
| E. | EXPENSES FROM THE EXTRAORDINARY ACTIVITY (ct. 671) |
31 | 0 | 0 |
| F. | THE EXTRAORDINARY RESULT: | |||
| - Profit (row 30-31) | 32 | 0 | 0 | |
| - Loss (row 31-30) | 33 | 0 | 0 | |
| TOTAL INCOMES (row 01+30) |
34 | 126,320,628 | 157,289,754 | |
| TOTAL EXPENSES (row 12+31) | 35 | 55,252,155 | 34,138,427 | |
| G. | GROSS RESULT: | |||
| - Profit (row 34-35) | 36 | 71,068,473 | 123,151,327 | |
| - Loss (row 35-34) | 37 | 0 | 0 | |
| Profit tax | ||||
| - Expenses with profit tax (ct. 691) | 38 | 10,955,126 | 19,412,359 | |
| - Other expenses with taxes that do not appear in the elements above (ct. 698 ) |
39 | 0 | 0 | |
| H. | THE RESULT OF THE FINANCIAL EXERCISE: | |||
| - Profit (row 36-38-39) | 40 | 60,113,347 | 103,738,968 | |
| - Loss (rows 37+38+39) or (rows 38+39-36) | 41 | 0 | 0 |
Last name and first name: conf. univ.dr.ec. Tudor Ciurezu Last name and first name:: ec. Elena Sichigea
Quality: Economic Manager
Signature Signature
Last name and first name: jr. Anina Radu
Signature
Unit seal
F30 – pag. 1
| 30 | RON | |||
|---|---|---|---|---|
| I. Data regarding registered result | Row no. |
Number of units | Amounts | |
| A | B | 1 | 2 | |
| Units that registered profit | 01 | 1 | 103,738,968 | |
| Units that registered loss | 02 | |||
| Units that registered neither profit, nor loss | 03 | |||
| RON | ||||
| II. Data on outstanding payments | Total (col. 2+3) | Of which: | ||
| Row no. |
For current acivity |
For investment activity |
||
| A | B | 1 | 2 | 3 |
| Outstanding payment - total (rs.05+09+15 to 19+23), of which: |
04 | |||
| Overdue suppliers-total (rs.06 to 08), of which: | 05 | |||
| Over 30 days |
06 | |||
| Over 90 days |
07 | |||
| Over 1 year |
08 | |||
| Outstanding obligations to the social security budget-total (rs.10 to 14), of which: |
09 | |||
| -Contributions paid by employers, employees and other similar persons to state social insurance |
10 | |||
| -Contributions to health insurance fund | 11 | |||
| -Contributions to supplementary pension | 12 | |||
| -Contribution to unemployment fund | 13 | |||
| -Other social debts | 14 | |||
| Outstanding obligations to special budgets and other funds | 15 | |||
| Outstanding obligations to other creditors | 16 | |||
| Unpaid taxes on the deadline to the state budget | 17 | |||
| Unpaid taxes on the deadline to the local budget | 18 | |||
| Bank loans outstanding to maturity-total (rs.20-22), of which: | 19 | |||
| Outstanding after 30 days |
20 | |||
| Outstanding after 90 days |
21 | |||
| Outstanding after 1 year |
22 | |||
| Outstanding interest | 23 | |||
| RON | ||||
| III. Average number of employees | Row no. |
End of the previous reporting period |
End of the current reporting period |
|
| A | B | 1 | 2 | |
| Average number of employees | 24 | 49 | 52 | |
| Actual number of employees at the end of period, respectively | 25 | 49 | 53 | |
| on September 30st, 2014 | RON | |||
| IV. Interests, dividends and royalties paid during the | Row | Amounts | ||
| reporting period. Subsidies cashed and overdue receivables A |
no. B |
1 | ||
| Gross income from interest paid by Romanian legal entities to | 26 | |||
| non-resident individuals, of which: | ||||
| - Tax due to state budget | 27 | |||
| Gross income from interest paid to non-resident individuals of | 28 | |||
| the Member States of the European Union, of which: | ||||
| - Tax due to state budget Gross income from interest to non-resident legal entities, of |
29 | |||
| which: | 30 | |||
| - Tax due to state budget | 31 | |||
| Gross income from interest paid to non-resident legal entities affiliated*) of the Member States of the European Union, of which: |
32 |
F30 – pag. 2
| - Tax due to state budget | 33 | |
|---|---|---|
| Gross income from dividends paid to non-resident individuals, | ||
| of which: | 34 | |
| - Tax due to state budget | 35 | |
| Gross incomes from dividends paid to non-resident legal | ||
| entities, of which: | 36 | |
| - Tax due to state budget | 37 | |
| Gross incomes from dividends paid to non-resident individuals | ||
| of the Member States of the European Union, of which: | 38 | |
| - Tax due to state budget | 39 | |
| Gross incomes from dividends paid to non-resident legal | ||
| entities, according to the provisions of art. 117 letter h) of Law | ||
| no. 571/2003 on Tax Code, as subsequently amended and | 40 | |
| completed, of which: | ||
| - Tax due to state budget | 41 | |
| Gross income from royalties paid to non-resident legal entities | ||
| affiliated of the Member States of the European Union, of | 42 | |
| which: | ||
| - Tax due to state budget | 43 | |
| Gross income from royalties paid to non-resident legal entities, | ||
| of which: | 44 | |
| - Tax due to state budget | 45 | |
| Gross income from royalties paid to non-resident individuals, of | ||
| which: | 46 | |
| - Tax due to state budget | 47 | |
| Gross income from royalties paid to non-resident individuals of | ||
| the Member States of the European Union, of which | 48 | |
| - Tax due to state budget | 49 | |
| Royalties paid during the reporting period for goods in the | ||
| public domain, received in concession, of which: | 50 | |
| - Royalties for goods in the public domain paid to the state | ||
| budget | 51 | |
| Rent paid during the year for land | 52 | |
| Gross income from paid services to non-resident persons, of | 53 | |
| which: | ||
| - Tax due to state budget | 54 | |
| Gross incomes from services paid to non-resident persons of the | 55 | |
| member states of European Union, of which: | ||
| - Tax due to state budget | 56 | |
| Grants cashed during the reporting period, of which: | 57 | |
| - Grants cashed during the reporting period related to assets | 58 | |
| - Grants related to incomes, of which: | 59 | |
| - Grants for the stimulation of labor force **) | 60 | |
| Outstanding receivables that were not collected at the time | ||
| stipulated in commercial contracts and / or normative | 61 | |
| documents, of which: | ||
| - Outstanding receivables from entities in the majority or | ||
| wholly state sector | 62 | |
| - Outstanding receivables from entities in the private sector | 63 |
| V. Meal tickets | Row | Amounts |
|---|---|---|
| no. | ||
| A | B | 1 |
| The counter value of meal tickets granted to employees | 64 |
RON
| VI. Expenses made for the activity of research-development | Row | End of the previous | End of the current |
|---|---|---|---|
| ***) | no. | reporting period | reporting period |
| A | B | 1 | 2 |
F30 – pag. 3
| Expenses of research-development, of which | 65 | ||
|---|---|---|---|
| from public funds | 66 | ||
| from private funds | 67 | ||
| VII. Innovation expenses ****) | Row | End of the previous | End of the current |
| no. | reporting period | reporting period | |
| A | B | 1 | 2 |
| Innovation expenses - total (row 69 to 71), of which: | 68 | ||
| - innovation expenses finalized during the period | 69 | ||
| - innovation expenses in course of finalization during the period |
70 | ||
| - innovation expenses abandoned during the period | 71 | ||
| VIII. Other information | Row | End of the previous | End of the current |
| no. | reporting period | reporting period | |
| A | B | 1 | 2 |
| Advances given for intangible assets (Acc 234) | 72 | ||
| Advances given for tangible assets (Acc 232) | 73 | ||
| Financial assets, in gross amounts (row 75 + 84), of which: |
74 | 997,665,096 | 973,309,929 |
| Shares held in affiliated entities, participation interests, other | |||
| fixed titles and bonds in gross amounts (row 76 to 83), of | 75 | 996,920,985 | 972,965,213 |
| which: | |||
| - shares listed issued by residents | 76 | 790,767,268 | 758,703,950 |
| - shares not listed issued by residents | 77 | 203,456,144 | 211,563,690 |
| - social parts issued by residents | 78 | ||
| - bonds issued by residents | 79 | ||
| - shares issued by organisms of collective placement issued by | |||
| residents | 80 | ||
| - fund units issued by the organisms of collective placement | 81 | 2,697,573 | 2,697,573 |
| - shares and social parts issued by non-residents | 82 | ||
| - bonds issued by non-residents | 83 | ||
| Fixed receivables in gross amounts (row 85 + 86), of which: | 84 | 744,111 | 344,716 |
| - fixed receivables in RON and expressed in RON, whose | |||
| discount is made according to the exchange rate of a currency | 85 | 744,111 | 344,716 |
| (from Acc 267) | |||
| - fixed receivables in foreign currency (from Acc 267) | 86 | ||
| Commercial receivables, advances granted to suppliers and | |||
| other assimilated accounts, in gross amounts (Acc 4092 + 411 | 87 | 10,928 | 8,585 |
| + 413 + 418) of which: | |||
| - external commercial receivables, advances granted to | |||
| suppliers and other assimilated accounts, in gross amounts | 88 | ||
| (from Acc 4092 + from ct 411 + from ct 413 + from ct 418) | |||
| Commercial receivables not cashed at the established term | 89 | ||
| (from Acc4092+ from Acc 411+ from Acc413) | |||
| Receivables related to personnel and assimilated accounts (Acc | 90 | 5,396 | 3,452 |
| 425 + 4282) | |||
| Receivables related to the budget of social insurances and the | |||
| state budget (ct 431 + 437 +4382 + 441 +4424 +4428 + 444 + | 91 | 3,002,002 | 3,775,319 |
| 445 + 446 + 447 + 4482), (row 92 to 96), of which: | |||
| - receivables related to the budget of social insurances | 92 | 2,400,000 | 2,400,000 |
| (Acc 431 + 437 + 4382) | |||
| - fiscal receivables related to state budget | 93 | ||
| (Acc 441 + 4424 + 4428 + 444 + 446) | |||
| - subsidies to cash (Acc 445) | 94 | ||
| - special funds - taxes and assimilated transfers (Acc 447) | 95 | ||
| - other receivables related to state budget (Acc 4482) | 96 | 602,002 | 1,375,319 |
| Entity receivables in the relations with affiliated entities (Acc | 97 | ||
| 451) |
F30 – pag. 4
| Receivables related to budget of social insurances and state | |||
|---|---|---|---|
| budget not cashed at the established term (from Acc431 + from | |||
| Acc437 +from Acc4382 +from Acc441 +from Acc4424 +from | 98 | ||
| Acc4428 + from Acc444 + from Acc445 + from Acc446 + from | |||
| Acc447 + from Acc4482) | |||
| Other receivables (Acc 452 + 456 + 4582 + 461 + 471 + 473), | |||
| of which: | 99 | 18,209,806 | 9,359,613 |
| -discounts regarding participation interests, discounts with | |||
| shareholders / associates regarding capital, discounts of | 100 | ||
| operations in participation (Acc 452 + 456 + 4582) | |||
| - other receivables related to natural and legal persons, other | |||
| than receivables related to public institutions (state institutions), | 101 | 17,574,629 | 8,726,046 |
| (from ct 461 + from Acc 471 + from Acc 473) | |||
| - amounts taken from the account 542 "Treasury advances" | |||
| representing treasury advances, given according to law and not | 102 | ||
| reimbursed until the reporting date (from Acc461) | |||
| Interests to be cashed (Acc 5187), of which: | 103 | 1,758 | 320 |
| - from non-residents | 104 | ||
| The value of loans given to other entities | 105 | ||
| Short term investments, in gross amounts (Acc 501 + 503 + | |||
| 505 + 506 + 507 from Acc508) (rows 107 to 115), of which: | 106 | 56,757,689 | 28,679,855 |
| - shares listed issued by residents | 107 | ||
| - shares not listed issued by residents | 108 | ||
| - social parts issued by residents | 109 | ||
| - bonds issued by residents | 110 | ||
| - shares issued by bodies of collective placement | 111 | ||
| - funds units issued by bodies of collective placement | 112 | ||
| - shares issued by non-residents | 113 | ||
| - bonds issued by non-residents | 114 | ||
| - bank deposits on short term | 115 | 56,757,689 | 28,679,855 |
| Other values to cash (Acc 5113 + 5114) | 116 | ||
| Cash register in RON and foreign currency (rows 118 + 119), | 117 | 2,396 | 3,579 |
| of which: | |||
| - in RON (Acc 5311) | 118 | 2,396 | 3,579 |
| - in foreign currency (Acc 5314) | 119 | ||
| Current accounts in banks in RON and in foreign currency | 120 | 157,515 | 288,102 |
| (rows . 121 + 123), of which: | |||
| - in RON (Acc 5121), of which: | 121 | 19,022 | 157,505 |
| -current accounts in RON opened at non-resident banks | 122 | ||
| - in foreign currency (Acc 5124), of which: | 123 | 138,493 | 130,597 |
| - current accounts in foreign currency opened at non-resident | |||
| banks | 124 | ||
| Other current accounts in banks and letters of credit (rows 126+ | |||
| 127), of which: | 125 | ||
| - amounts in course of reimbursement, letters of credit and | |||
| other values to be cashed, in RON (Acc 5112 + 5125 + 5411) | 126 | ||
| - amounts in course of reimbursement and letters of credit in | |||
| foreign currency (from Acc 5125 + 5412) | 127 | ||
| Debts (rows 132 + 135 + 138 + 141 + 144 + 147 + 150+ 153 + | |||
| 156 + 159 + 162 + 163 + 167 + 169 + 170 + 175 + 176 +177 + | 128 | 156,401,145 | 139,591,387 |
| 183), of which: | |||
| Loans from emissions of bonds, in gross amounts (Acc 161) | |||
| (rd. 130+131), of which: | 129 | ||
| - in RON | 130 | ||
| - in foreign currency | 131 | ||
| Interests related to loans from emissions of bonds, in gross | |||
| amounts (Acc 1681), (row 133+134), of which: | 132 | ||
| - in RON | 133 | ||
| - in foreign currency | 134 |
F30 – pag. 5
| Internal bank credits on short term (Acc 5191 + 5192 + 5197), | 135 | ||
|---|---|---|---|
| (row 136 + 137), of which: | |||
| - in RON | 136 | ||
| - in foreign currency | 137 | ||
| Interests related to internal bank credits on short term (from | 138 | ||
| Acc 5198), (row. 139 + 140), of which: | |||
| - in RON | 139 | ||
| - in foreign currency | 140 | ||
| External bank credits on short term (Acc 5193 + 5194 + | 141 | ||
| 5195), (row 142 + 143), of which: | |||
| - in RON | 142 | ||
| - in foreign currency | 143 | ||
| Interests related to external bank credits on short term (from | 144 | ||
| Acc Acc 5198), (row 145 + 146), of whic5: | |||
| - in RON | 145 | ||
| - in foreign currency | 146 | ||
| Bank credits on long term (Acc 1621 + 1622 + 1627), (row 148 | |||
| + 149), of which: | 147 | ||
| - in RON | 148 | ||
| - in foreign currency | 149 | ||
| Interests related to bank credits on long term (from Acc 1682), | |||
| (row. 151 + 152), of which: | 150 | ||
| - in RON | 151 | ||
| - in foreign currency | 152 | ||
| External bank credits on long term (Acc 1623 + 1624 + 1625), | |||
| (row 154 + 155), of which: | 153 | ||
| - in RON | 154 | ||
| - in foreign currency | 155 | ||
| Interests related to external bank credits on long term (from | 156 | ||
| Acc 1682), (row 157 + 158), of which: | |||
| - in RON | 157 | ||
| - in foreign currency | 158 | ||
| - Credits from the state treasury and interest related (Acc | 159 | ||
| 1626+ from Acc 1682) | |||
| Other loans and related interests (Acc 166 + 167 + 1685 + | 160 | 14,651 | 14,651 |
| 1686 + 1687) (row 161+162), of which:: | |||
| - in RON and expressed in RON, whose reimbursement is | 161 | 14,651 | 14,651 |
| made according to the exchange rate of a foreign currency | |||
| - in foreign currency | 162 | ||
| The value of concessions received (from Acc 167) | 163 | ||
| Commercial debts, advances received from clients and other | |||
| assimilated accounts, in gross amounts (Acc 401 + 403 + 404 | 164 | 18,861,251 | 124,143 |
| + 405 + 408 +419), of which: | |||
| external commercial debts, advances received from external | |||
| customers and other assimilated accounts, in gross amounts | |||
| (from Acc . 401 + from Acc 403 + from Acc 404 + from Acc | 165 | ||
| 405 + from Acc 408 + from Acc 419) | |||
| - Debts related to personnel and assimilated accounts (Acc | |||
| 421 + 423 + 424 + 426 + 427 + 4281) | 166 | 1,332,160 | 1,376,298 |
| Debts related to the budget of social insurances and state | |||
| budget (Acc 431 + 437 + 4381 + 441 + 4423 + 4428 + 444 + | 167 | 9,124,818 | 3,723,720 |
| 446 + 447 + 4481), (row 168 to 171), of which: | |||
| - debts related to the budget of social insurances (Acc 431 + | |||
| 168 | 182,519 | 191,052 | |
| 437 + 4381) | |||
| - fiscal debts related to state budget (Acc 441 + 4423 + 4428 | 169 | 8,942,299 | 3,531,633 |
| +444 + 446) | |||
| - special funds –fees and assimilated transfers (Acc 447) | 170 | 1,035 | |
| - other debts related to the state budget (Acc4481) | 171 | ||
| Entity debts in the relations with affiliated entities (Acc 451) | 172 | ||
| Amounts due to shareholders/associates (Acc 455) | 173 |
Notes from page 15 to page 42 are integral part of the financial statements 10
F30 – pag. 6
| Other debts (Acc 452 + 456 + 457 + 4581 + 462 + 472 + 473 + 269 + 509), of which: |
174 | 127,068,265 | 134,352,575 | ||
|---|---|---|---|---|---|
| - reimbursements regarding participation interests, reimbursements with shareholders / associates regarding capital, reimbursements from operations in participation (Acc |
175 | 126,669,595 | 134,352,565 | ||
| 452 + 456 + 457 + 4581) - other debts related to natural persons and legal persons, other |
|||||
| than debts related to public institutions (state institutions) ¹) (from Acc 462 + from Acc 472 + from Acc 473) |
176 | 10 | 10 | ||
| - subventions which were not retaken to incomes (from Acc 472) |
177 | ||||
| - transfers to be made for financial assets and investments on short term (Acc 269 + 509) |
178 | 398,660 | |||
| - incomes in advance related to assets received by transfer from customers (Acc 472) |
179 | ||||
| Interests to be paid (Acc 5186) | 180 | ||||
| Value of loans received from other entities | 181 | ||||
| Subscribed transferred capital (Acc 1012) (rows 183-186) , of | |||||
| which: | 182 | 58,016,571 | 58,016,571 | ||
| - shares listed | 183 | 58,016,571 | 58,016,571 | ||
| -shares not listed | 184 | ||||
| -social parts | 185 | ||||
| -subscribed capital transferred by non-residents (from Acc1012) |
186 | ||||
| Patents and licenses (from Acc 205) | 187 | ||||
| IX. Subscribed paid capital | Row | End of the previous | End of the current | ||
| no. | reporting period | reporting period | |||
| A | B | 1 | 2 | ||
| Amount | % | Amount | % | ||
| (1) | (2) | (1) | (2) | ||
| Subscribed paid capital (Acc 1012)2) (rs. 189 +192 +196 to 198) | 188 | 58,016,571 | 100.00 | 58,016,571 | 100.00 |
| - Owned by public institutions, of which: | 189 | 104 | 107 | ||
| - Owned by public institutions of central subordination | 190 | 6 | 9 | ||
| - Owned by public institutions of local subordination | 191 | 98 | 98 | ||
| - Owned by state-owned companies, of which: | 192 | ||||
| - Fully state capital |
193 | ||||
| - Majority state capital |
194 | ||||
| - Minority state capital |
195 | ||||
| - Owned by commercial companies with private capital | 196 | 30,047,289 | 51.79 | 32,991,757 | 56.87 |
| - Owned by natural persons - Owned by other entities |
197 198 |
27,969,178 | 48.21 | 25,024,707 | 43.13 |
| X. Information regarding expenses with collaborators | Row | End of the previous | End of the current | ||
| no. | reporting period | reporting period | |||
| A | B | 1 | 2 | ||
| Expenses with collaborators (Acc 621) | 199 | 410,030 | 475,062 | ||
| XI. Information regarding assets of state public domain | Row | End of the previous | End of the current | ||
| no. | reporting period | reporting period | |||
| Value of assets from state public domain under administration | 200 | ||||
| Value of assets from state public domain which are in concession |
201 | ||||
| Value of assets from state public domain which are rented | 202 | ||||
| XIV. Claims taken by assignment from legal entities*) | Row | End of the previous | End of the current | ||
| no. | reporting period | reporting period | |||
| A | B | Amounts | Amounts | ||
| Claims taken by assignment from legal entities (nominal value), of which: |
203 | ||||
| - Claims taken by assignment from legal entities affiliated **) |
204 | ||||
| Claims taken by assignment from legal entities (purchase cost), | |||||
| of which:: | 205 |
Notes from page 15 to page 42 are integral part of the financial statements 11
| F30 – pag. 7 | ||
|---|---|---|
| - Claims taken by assignment from legal entities affiliated | 206 | |
*)For the status of "associated legal persons" the provisions of art. 12420 lett.b) of Law no. 571/2003 on Tax Code, as subsequently amended and supplemented will be taken into consideration.
**)Grants for the stimulation of labor force (transfers from the state budget to employer) – represent the amounts given to employers for the payment of graduates of education institutions, stimulation of the unemployed who get a job before the due time of the unemployment period, stimulation of employees who get a job for undetermined period, unemployed with the age over 45 years old, unemployed who are the only ones to support their family or unemployed who within 3 years from employment date fulfill the conditions necessary to demand a partial anticipated pension or to receive pension for age limit, or for other situations provided by the law in force concerning the insurance system for unemployment and stimulation of labor force.
***)It will be filled in with the expenses made for the research-development activity, respectively the fundamental research, the applicative research, the technological development and innovation, established according to the provisions of the Government Ordinance no. 57/2002 regarding the scientific research and technological development, approved with amendments by Law no. 324/2003, with subsequent amendments.
****) The innovation expenses are determined according to the Regulations (EC) no. 1450/2004 of the Commission dated 13 August 2004 to apply the
decision no. 1608/2003/CE of the European Parliament and Council regarding the production and development of community statistics concerning
innovation published in the Official Journal of European Union, series L no. 267 of 14th August 2004.
*****)For receivables taken over from legal entities will be filled both their nominal value and purchase cost.
¹) in the category ˝Other debts related to natural persons and legal persons, other than debts related to public institutions (state institutions) ˝will not
include grants related to incomes existing in the balance of account 472.
2 ) In lines 189-199, col. (2) appropriate percentage of owned capital in the total subscribed capital listed in row 188 will be filled.
****** For the status of "affiliated legal entities" shall have regard to the provisions of art.7 paragraph (1) section 21 letter c) of Law no. 571/2003 on the Tax Code, as amended and supplemented.
ADMINISTRATOR, ELABORATED, Last name and first name: conf. univ.dr.ec. Tudor Ciurezu Last name and first name: ec. Elena Sichigea
Signature Signature
Last name and first name: jr. Anina Radu
Signature Unit seal
Position: Financial Director
| lei | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance | INCREASES | REDUCTIONS | Balance | |||||
| Name of the element | account at the beginning of the financial exercise |
Total, of which: |
By transfer | Total, of which: |
By transfer | account at the end of the reporting period |
||
| 1 Subscribed capital | 58,016,571 | 58,016,571 | ||||||
| 2 Capital premiums | 0 | |||||||
| 3 Reserves from revaluation | 10,268,878 | 180,843 | 180,843 | 10,088,035 | ||||
| 4 Legal reserves | 11,603,314 | 11,603,314 | ||||||
| 5 | Reserves formed from the adjustments for value losses of financial assets e (balance account D) |
(22,320,502 ) |
(22,320,502) | |||||
| 6 Statutory or contractual reserves | 6,178,721 | 6,178,721 | ||||||
| 7 | Reserves formed from the value of financial assets acquired with free title |
106,685,985 | 5,207,712 | 4,574,903 | 107,318,794 | |||
| 8 | Reserves representing the surplus accomplished from revaluation reserves |
5,686,577 | 180,843 | 180,843 | 21,503 | 5,845,917 | ||
| 9 Other reserves | 593,090,837 | 25,256,244 | 25,256,244 | 82,666,768 | 535,680,313 | |||
| 10 Own shares | 0 | |||||||
| 11 | Gains connected with the instruments of own capitals |
0 | ||||||
| 12 Losses connected with the instruments of own capitals |
0 | |||||||
| The result carried forward | Balance C | 94,876,130 | 94,876,130 | 94,876,130 | 25,256,244 | 0 | ||
| 13 | representing not allocated profit or not covered loss |
Balance D | 0 | |||||
| The result carried forward | Balance C | 299 | 299 | |||||
| 14 | derived from the adoption for the first time of IAS less IAS 29 |
Balance D | 0 | |||||
| The result carried forward | Balance C | 0 | ||||||
| 15 | derived from the correction of accountant errors |
Balance D | 0 | |||||
| The result carried forward | Balance C | 0 | ||||||
| 16 | derived from passing to the application of the accountant Regulations according to the Fourth Directive of the European Economic Communities |
Balance D | 0 | |||||
| 17 The result of the financial | Balance C | 94,876,130 103,738,968 | 94,876,130 | 94,876,130 | 103,738,968 | |||
| exercise | Balance D | 0 | ||||||
| 18 Profit allocation | 0 | |||||||
| 19 Total own capitals | 864,086,810 229,259,897 | 120,313,21 7 |
277,196,277 | 120,313,217 | 816,150,430 |
Last name and first name: conf. univ.dr.ec. Tudor Ciurezu Last name and first name: ec. Elena Sichigea
Signature Signature
Last name and first name: jr. Anina Radu
Signature
Unit seal
Quality: Economic Manager
| lei | ||
|---|---|---|
| Name of the element | The financial exercise | |
| Previous | Current | |
| A | 31.12.2014 | 30.06.2015 |
| Treasury flows from exploitation activities | ||
| Cashes from customers | 214,737,084 | 40,063,743 |
| Payments to suppliers, employees and other payments | (29,580,664) | (5,788,705) |
| Interests paid | 0 | |
| Profit tax paid | (20,687,139) | (6,310,209) |
| Cashes from insurance against earthquakes | 0 | |
| Net cash from exploitation activities | 164,469,281 | 27,964,829 |
| Cash flows from investment activities: | ||
| Payments for the acquisition of shares | (131,521,511) | (53,329,457) |
| Payments for the acquisition of tangible assets | (165,435) | (20,278) |
| Cashes from the sale of tangible assets | 0 | |
| Interests cashed | 508,846 | 137,214 |
| Dividends cashed | 38,206,968 | 19,053,483 |
| Net cash from investment activities | (92,971,132) | (34,159,038) |
| Cash flows from financing activities: | ||
| Cashes from the issue of shares | 0 | |
| Cashes from loans on long term | 0 | |
| Payment of debts related to the financial leasing | 0 | |
| Dividends paid | (71,087,515) | (4,310,174) |
| Net cash from financing activities | (71,087,515) | (4,310,174) |
| Net treasury increase and cash equivalents | 410,634 | (10,504,383) |
| Cash and cash equivalents at the beginning of the financial exercise | 39,087,221 | 39,497,855 |
| Cash and cash equivalents at the end of the financial exercise | 39,497,855 | 28,993,472 |
Last name and first name: conf. univ.dr.ec. Tudor Ciurezu Last name and first name: ec. Elena Sichigea
Last name and first name: jr. Anina Radu
Signature
Unit Seal
Quality: Economic Manager Signature Signature
| lei | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross value | Value adjustments (amortizations and adjustments for depreciation or value loss ) |
||||||||
| Name of the fixed element | Balance at the beginning of the financial exercise |
Increases | Cessions, transfers and other reductions |
Balance at the end of the reporting period |
Balance at the beginning of the financial exercise |
Adjustments registered during the reporting period |
Reductions or retaking |
Balance at the end of the reporting period |
|
| 0 | 1 | 2 | 3 | 4 = 1 + 2 – 3 | 5 | 6 | 7 | 8 = 5 + 6 – 7 | |
| 1 | Other intangible assets (ct. 201 + 203 + 205 + 207 + 208) |
38,779 | 1,886 | 0 | 40,665 | 38,487 | 405 | 38,892 | |
| 2 | Advances and intangible assets in course of execution (ct, 233 + 234 - 2933) |
0 | 0 | 0 | 0 | 0 | |||
| 3 | TOTAL INTANGIBLE ASSETS | 38,779 | 1,886 | 0 | 40,665 | 38,487 | 405 | 0 | 38,892 |
| 4 | Lands (ct.211) | 2,120,423 | 0 | 0 | 2,120,423 | 0 | |||
| 5 | Constructions(ct.212) | 11,593,979 | 1,250 | 0 | 11,595,229 | 871,082 | 205,239 | 1,076,321 | |
| 6 | Technological equipments (ct. 2131) | 629,523 | 0 | 0 | 629,523 | 584,576 | 10,635 | 595,211 | |
| 7 | Measuring, control and adjustment devices and installations (ct.2132) |
306,399 | 3,230 | 0 | 309,629 | 284,657 | 6,222 | 290,879 | |
| 8 | Means of transportation (ct.2133) | 1,557,834 | 0 | 0 | 1,557,834 | 1,557,834 | 1,557,834 | ||
| 9 | Furniture, office automation devices, protection equipments, other tangible assets (ct.214) |
203,349 | 14,000 | 0 | 217,349 | 131,057 | 11,067 | 142,124 | |
| 10 | Non-current assets in progress (ct.231) | 0 | 0 | 0 | 0 | 0 | |||
| 11 | TOTAL TANGIBLE ASSETS | 16,411,507 | 18,480 | 0 | 16,429,987 | 3,429,206 | 233,163 | 0 | 3,662,369 |
| 12 | Financial assets (ct. 261 + 262 + 263 + 264 + 265 + 266 + 267 - 269*) |
955,143,981 | 59,529,893 | 41,363,945 | 973,309,929 | 35,987,874 | 12,263,077 | 23,724,797 | |
| 13 | TOTAL FINANCIAL ASSETS | 955,143,981 | 59,529,893 | 41,363,945 | 973,309,929 | 35,987,874 | 0 | 12,263,077 | 23,724,797 |
| 14 GENERAL TOTAL | 971,594,267 | 59,550,259 | 41,363,945 | 989,780,581 | 39,455,567 | 233,568 | 12,263,077 | 27,426,058 |
| lei | |||||
|---|---|---|---|---|---|
| Balance | Transfers | Balance | |||
| Name of the provision | account at the beginning of |
In the | In the | account at the end of the |
|
| the financial | account | account | financial | ||
| exercise | exercise | ||||
| 0 | 1 | 2 | 3 | 4=1+2-3 | |
| 1. | Provisions for taxes | 40,210,662 | 21,504 | 731,985 | 39,500,181 |
| 2. | Other provisions | 8,211,531 | 8,211,531 | ||
| TOTAL | 48,422,193 | 21,504 | 731,985 | 47,711,712 |
Provisions for taxes in balance account on 30.06.2015 are resulted from the application of the profit tax quote of 16% on the reserves from the value of securities, on the reserves formed from excess of tangible assets revaluation, on the reserves formed from the value of shares acquired free of charge and on the reserves formed from favourable differences related to the contributions in kind with which the company contributed to the increase of certain issuers` social capital (difference between contribution value and accounting value) . These provisions for taxes are totally formed on own capitals, having a temporary fiscal effect.
During the reporting period provisions for taxes in the amount of 21,504 lei, were formed, representing provisions for taxes related to the excess of tangible assets revaluation registered on costs and transferred from the revaluation reserve in the reserve representing surplus accomplished from revaluation reserves.
During the reporting period provisions in the amount of 731,985 lei were retaken, representing the payment tax related to the shares received free of charge which were sold.
On 30.06.2015 the provisions for taxes are in the amount of 39,500,181 lei and are detailed as follows:
| - reserves from value of securities 39,252,264 38,520,279 |
30.06.2015 |
|---|---|
| - reserves from revaluation of tangible assets 801,492 822,996 - other reserves 156,906 156,906 |
|
| Total 40,210,662 39,500,181 |
On 01.01.2015 there existed in the balance account provisions in the amount of 8,211,531 lei, of which:
the amount of 1,042,380 lei represents provision formed for the participation of employees to profit; of the effective leadership and administrators to profit for the year 2010, not allocated (pending litigations);
the amount of 1,316,912 lei represents provisions formed for social contributions related to the participation fund of the employees to profit constituted in the year 2009 and distributed in the year 2010, uncertain obligation from the point of view of indebtedness;
the amount of 839,537 lei represents provision formed for the participation to profit of employees, of the effective leadership and administrators to the profit of the year 2011 not allocated (pending litigations);
the amount of 12,702 lei represents provision formed for the participation to profit of employees, of the effective leadership and administrators to the profit of the year 2012 not allocated;
the amount of 5,000,000 lei representing the participation of employees, of the effective leadership and administrators to the profit of the year 2014, which also includes social contributions. The constitution of the provision was accomplished in accordance with the provisions of the collective work agreement, of the articles of incorporation and the approval of the Administration Board of SIF OLTENIA SA of 28.01.2015. The distribution of incentives to employees, effective leadership (leaders based on mandate) and administrators will be made according to the provisons of the company contract, of the collective work contract and of mandate contract on the basis of the approval of the Ordinary General Assembly of Shareholders .
| lei | |||
|---|---|---|---|
| The financial exercise | |||
| The destination of the profit | 2014 | 30.06.2015 | |
| A. | NET PROFIT TO BE ALLOCATED | 94,876,130 | 103,738,968 |
| 1. | -own financing sources | 25,256,244 | |
| 2. | - dividends | 69,619,886 | |
| B. | NOT ALLOCATED PROFIT | 0 | 103,738,968 |
The Ordinary General Assembly of Shareholders from 29th April 2015, decided the allocation of the net profit in the amount of 94,876,130 lei for the following destinations:
The company declared gross dividends of 0.12 lei / share for the year 2014. The dividends declared for the year 2014 are presented as a reduction of own equity in the financial statements of the year 2015.
| lei | ||||
|---|---|---|---|---|
| Indicators | No ro |
Accomplishments related to the reporting period |
||
| w | Previous | Current | ||
| 1 | Incomes from financial assets (ct. 761) | 01 | 38,187,790 | 22,610,688 |
| 2 | Incomes from financial investments on short term (ct. 762) | 02 | 0 | 0 |
| 3 | Incomes from fixed receivables (ct. 763) | 03 | 0 | 0 |
| 4 | Incomes from financial investments ceded (ct. 758*+764) | 04 | 81,702,992 | 38,823,129 |
| 5 | Incomes from works accomplished and services performed (ct. 704) | 05 | 0 | 0 |
| 6 | Incomes from reactivated receivables and various debtors (ct. 754) | 06 | 0 | 0 |
| 7 | Incomes from provisions (ct. 781+786) | 07 | 3,707,111 | 12,271,836 |
| 8 | Incomes from differences of exchange rate (ct. 765) | 08 | 104,673 | 688,139 |
| 9 | Incomes from interests (ct. 766) | 09 | 215,341 | 123,975 |
| 10 Incomes from the fixed production, tangible and intangible (ct. 721+722) |
10 | 0 | 0 | |
| 11 Other incomes from the current activity (row 12 to18): | 11 | 2,402,721 | 82,771,987 | |
| - from studies and researches (ct. 705) | 12 | 0 | 0 | |
| - from royalties, locations and rents (ct. 706) | 13 | 66,463 | 72,353 | |
| - from other various activities (ct. 708) | 14 | 0 | 0 | |
| - from subventions (ct. 741) | 15 | 0 | 0 | |
| - from other incomes (ct. 758**) | 16 | 1,953 | 82,677,490 | |
| - from discounts obtained (ct. 767) | 17 | 19,934 | 19,692 | |
| - from other financial incomes (ct. 768) | 18 | 2,314,371 | 2,452 | |
| 12 INCOMES FROM THE CURRENT ACTIVITY (row 01 to 11) | 19 | 126,320,628 | 157,289,754 | |
| 13 Losses related to receivables connected to stakes (ct. 663) | 20 | 0 | 0 | |
| 14 Expenses regarding financial investments ceded (ct. 658*+664) |
21 | 50,084,029 | 28,640,445 | |
| 15 Expenses from differences of the exchange rate (ct. 665) | 22 | 155,446 | 319,364 | |
| 16 Expenses regarding interests (ct. 666) | 23 | 0 | 0 | |
| 17 Expenses regarding commissions and fees (ct. 622) | 24 | 436,784 | 678,208 | |
| 18 Expenses with bank services and assimilated (ct. 627) | 25 | 5,597 | 8,162 | |
| 19 Losses from receivables and various debtors (ct. 654) | 26 | 5,586 | 0 | |
| 20 Expenses with provisions and amortizations (ct. 681+686) | 27 | 268,727 | 233,568 | |
| 21 Other expenses from the current activity (row 29+30+31+34+47) | 28 | 4,295,986 | 4,258,680 | |
| - with materials (ct. 602+603+604) | 29 | 132,513 | 122,360 | |
| - with energy and water (ct. 605) | 30 | 85,704 | 83,654 | |
| - with the personnel (row 32+33) | 31 | 2,922,207 | 3,056,711 | |
| - wages(ct. 621+641+642) | 32 | 2,255,587 | 2,487,466 | |
| - insurances and social protection (ct. 645) | 33 | 666,620 | 569,245 | |
| - with external services row 35 to 46) | 34 | 277,219 | 238,759 | |
| - maintenance and repairs (ct. 611) | 35 | 67,896 | 82,438 | |
| - royalties, locations and rents (ct. 612) | 36 | 0 | 0 | |
| - insurance premiums (ct. 613) | 37 | 32,907 | 30,155 |
| - studies and researches (ct. 614) | 38 | 0 | 0 |
|---|---|---|---|
| - protocol, advertisement, publicity(ct. 623) | 39 | 27,206 | 15,811 |
| - transport of goods and persons (ct. 624) | 40 | 0 | 0 |
| - travels, detachments, transfers (ct. 625) | 41 | 24,003 | 17,423 |
| - mail and telecommunications (ct. 626) | 42 | 28,447 | 21,442 |
| - other services performed by third parties (ct. 628) | 43 | 88,337 | 67,523 |
| - other expenses (ct. 658**) | 44 | 7,450 | 2,500 |
| - expenses regarding discounts given (ct. 667) | 45 | 0 | 0 |
| - other financial expenses (ct. 668) | 46 | 973 | 1.467 |
| - expenses with other taxes, fees and assimilated payments (ct. 635) |
47 | 878,343 | 757,196 |
| 22 EXPENSES FROM THE CURRENT ACTIVITY (row 20 to 28) |
48 | 55,252,155 | 34,138,427 |
| 23 RESULT FROM THE CURRENT ACTIVITY (row 19-48) |
49 | 71,068,473 | 123,151,327 |
| lei | ||||
|---|---|---|---|---|
| Balance account | LIQUIDITY TERM | |||
| Receivables | No.Row | at the end of the reporting period |
Under 1 year | Over 1 year |
| 0 | 2=3+4 | 3 | 4 | |
| TOTAL, of which: | 01 | 13,321,705 | 13,321,705 | |
| I. Receivables from fixed assets, of which: | 02 | 344,716 | 344,716 | |
| - Receivables connected to participation interests | 03 | 0 | ||
| - Other fixed receivables | 04 | 344,716 | 344,716 | |
| II. Receivables from circulating assets, of which: | 05 | 12,976,989 | 12,976,989 | |
| -Commercial receivables, advances assigned to suppliers and other assimilated accounts |
06 | 8,585 | 8,585 | |
| - Receivables-personnel and assimilated accounts | 07 | 3,452 | 3,452 | |
| - Receivables-the budget of social insurances and the state budget |
08 | 3,775,319 | 3,775,319 | |
| - Interests to be cashed | 09 | 320 | 320 | |
| - Debtors | 10 | 9,189,313 | 9,189,313 |
In absolute values the receivables of the company appear as follows:
On 30.06.2015 the company has registered adjustments for depreciation of receivables in the amount of 1,096,644 lei.
| lei | |||||
|---|---|---|---|---|---|
| Balance | EXIGIBILITY TERM | ||||
| Debts | No. Row | account at the end of the reporting period |
Under 1 year | Between 1-5 years |
Over 5 years |
| 0 | 2=3+4+5 | 3 | 4 | 5 | |
| TOTAL, of which: | 01 | 139,591,387 | 139,591,387 | ||
| I. Debts that must be paid within a period of 1 year, of which: |
02 | 139,591,387 | 139,591,387 | ||
| - Other loans and related interests | 03 | 14,651 | 14,651 | ||
| - Commercial debts, advances received from customers and other assimilated accounts |
04 | 124,143 | 124,143 | ||
| -Debts with the personnel and assimilated accounts |
05 | 1,376,298 | 1,376,298 | ||
| - Debts connected to the budget of social insurances and state budget |
06 | 3,723,720 | 3,723,720 | ||
| - Payment dividends | 07 | 134,352,565 | 134,352,565 | ||
| - Other debts | 08 | 10 | 10 |
The payment dividends to shareholders in the amount of 134,352,565 lei include unpaid dividends related to the year 2010 – 2014.
According to the Decision no. 7 a) of the Ordinary General Assembly of SIF Oltenia SA held on 29.04.2015, the accounting records according to prescribing the right to require payment of unclaimed dividends for more than 3 years after their chargeability were performed. So, in the fiscal year 2015, the amount of 82,666,768 lei was recorded in "other operating incomes", representing dividends that the shareholders would have been entitled to for financial years preceding the financial year 2010, for which the right to require payment has been prescribed.
The accountant regulations according to the IVth Directive of CEE applicable to the authorized entities, settled and supervised by the National Commission of Securities, (RNSC) / Financial Supervision Authority (ASF), approved by the Order no. 13/2011, respectively Regulations no. 4/2011, define in art. 234(1) of the 5th Section, the accountant policies as being represented by "the specific principles, bases, conventions, rules and practices applied by an entity when elaborating and presenting the financial statements".
2.The structuring of the accountant policies. The present accountant policies were correlated with the main policies of enterprise that S.I.F. OLTENIA S.A. applies, regarding the organization, analysis and processing of documents, the policies of internal control, etc. At the same time, where the case required it, the accountant policies were correlated with the specific regulations issued by R.N.S.C. /A.S.F.
The accountant policies applicable to S.I.F. OLTENIA S.A. were structured in:
3. General accountant policies. The individual financial statements fall in the responsibility of S.I.F. OLTENIA S.A. leadership and are elaborated according to the provisions of the Accountancy Law no. 82/1991 R and of the Order R.N.S.C. no. 13/2011 for the approval of the Regulations no. 4/2011, regarding Accountant Regulations complying to the IVth Directive of CEE, applicable to the authorized entities, settled and supervised by the National Commission of Securities. At the same time, provisions of the legislation in force specific to the companies of financial investments and capital markets were used.
According to RNSC Order no. 13/2011 regarding Accountant Regulations compliant with IVth Directive of CEE, applicable to authorized entities, settled and supervised by RNSC, these financial statements are prepared under the historical cost, adjusted with depreciations and losses of value recorded in the last inventory (having as reference date 31st December 2014), except for tangible assets which are stated at their revalued amount resulting from their revaluation on 31st December 2012.
The financial statements of S.I.F. OLTENIA S.A. reflect the transactions for the current financial exercise and are elaborated in lei. Receivables, debts and reserves in foreign currency existing on 30.06.2015 are converted in lei at the reference exchange rate of the present day.
In accordance with R.N.S.C. Order no. 116/21.12.2011 for the approval of Instruction no. 6/2011, RNSC Order no. 1/2013 and ASF Instruction no. 2/2014 regarding the application of International Financial Reporting Standards by authorized entities, regulated and supervised by ASF, the companies of financial investments are required to prepare annual financial statements in accordance with International Financial Reporting Standards, for information purposes, for the financial exercises of the years 2011, 2012, 2013 and 2014, within 180 days from the closing of the financial year. Financial statements prepared under IFRS will be obtained by restating the information presented in the annual financial statements prepared under accounting evidence organized in accordance with Accounting Regulations in compliance with Directive IV of CEE applicabile to authorized entities, regulated and supervised by RNSC. The financial statements prepared in accordance with IFRS are published on the own website and are subject to financial audit.
In accordance with RNSC Decision no. 1176/15.09.2010, companies of financial investments are required to prepare and submit to ASF annual consolidated financial statements, in accordance with International Financial Reporting Standards adopted by the European Union, within 8 months from the closing of the financial year. The Group S.I.F. OLTENIA S.A., including S.I.F. Oltenia S.A. and its subsidiaries, will prepare a set of consolidated financial statements in accordance with IFRS for the financial exercise concluded on 31.12.2014, for information purposes, which will be published in accordance with Romanian legislation requirements in force .
As general rules for the recognition of the elements from the financial situations, we state that S.I.F. OLTENIA S.A. availed of the following conventions, principles and rules:
The accountant principles used are:
the principle of the activity continuity supposes that S.I.F. OLTENIA S.A. will continue to operate normally in the foreseeable future without entering in the impossibility to continue its business or its significant reduction;
-The qualities of the accountant information which were taken into consideration in the elaboration of the financial statements are: clarity, relevance, fiability and comparability.
Business continuity. These financial statements have been prepared on the basis of business continuity principle, which assumes the fact that S.I.F. OLTENIA S.A. will continue its activity also in the foreseeable future. In order to evaluate the applicability of this statement, the company management analyzes future predictions at future cash inflows.
Use of estimates. The preparation of financial statements in accordance with RNSC Order no 13/2011, as further amended, requires the management of S.I.F. OLTENIA S.A. to make estimates and assumptions that affect the reported amounts of assets and liabilities, the presentation of assets and contingent debts at the date of preparation of individual financial statements and incomes and expenses reported for the respective period. Although these estimates are made by the management of S.I.F. OLTENIA S.A. based on the best information available at the date of the financial statements, the results obtained may differ from these estimates.
Functional and presentation currency. Functional and presentation currency of the financial statements is leu (RON). The financial statements are prepared in lei, rounded to the nearest leu, which is the presentation currency.
Transactions and balances in foreign currency. Transactions of S.I.F. OLTENIA S.A. in foreign currencies are registered at the exchange rate communicated by the National Bank of Romania ("BNR") of the transactions date. Gains and losses resulting from the settlement of transactions in a foreign currency and from conversion of monetary assets and liabilities denominated in foreign currencies, are recognized in the profit and loss account of the current year. Foreign currency balances are converted in lei at the exchange rates communicated by BNR for the balance sheet date.
On 31st March 2015, the main official exchange rates used were: 4.4098 lei for 1 EURO (31st December 2014: 4.4821) and 4.1115 lei for 1 USD (31st December 2014: 3.6868).
4. Specific accountant policies. S.I.F. OLTENIA S.A. avails of the following rules for the recognition and evaluation of the elements from the financial statements:
4.1. Assets recognition and evaluation. The recognition of an asset is accomplished according to:
utility, expressed through the obtainment of future economic benefits as a consequence of use or sale; utility is appreciated by the Administration Board for special situations like donations, subventions, exchanges of assets, etc or by the effective Leadership of the company for usual situations, operations or transactions. In this respect, any entry of asset in the administration of S.I.F. OLTENIA S.A. will have to be correlated with the investment budget or the budget of the exploitation activity.
its credible evaluation. The evaluation of assets is made, according to case, at one of the following values: acquisition cost, production cost, fair value, utility value, the smallest value between cost and recoverable value, the smallest value between cost and net accomplishable value.
S.I.F. OLTENIA S.A. does not include in the acquisition cost of assets: expenses associated to the unfavourable differences of the exchange rate, the reorganization provisions, dismounting and displacement of the assets.
The fair value is defined as being the value for which an asset can be traded or a debt can be discounted, between parties interested and aware of it, within a transaction with the price determined in objective conditions.
The fair value of the assets credibly evaluated is considered to be the market value (if an active market exists) or the replacement cost. In determining the fair value (when a market value does not exist) or the utility value, the company will use experts, independent evaluators.
4.1.1. The testing upon depreciation of assets. S.I.F. OLTENIA S.A. accomplishes at the end of each year the testing upon depreciation of assets. The testing upon depreciation of fixed assets also takes place when there is information that a series of internal or external conditions associated to the asset functioning changed significantly and there are the premises of a significant deterioration of value. Thus, an asset is considered depreciated if the net accountant value is significantly superior to its recoverable value (for the fixed assets) or to its net accomplishable value (for the current assets).
4.1.2. The revaluation of the fixed assets. S.I.F. OLTENIA S.A. proceeds to the revaluation of the tangible assets periodically, and the difference from revaluation will determine the adequate accountant registration, if the fair value determined by revaluation is significantly different toward the accountant value. The differences from revaluation are registered like this:
a) when the fair value is significantly greater than the accountant value, the difference will be registered:
in an account of own capitals, or
in an account of incomes, if a previous revaluation determined a value depreciation which was registered on expenses, and only within the limit of that depreciation, the difference being registered still in an account of own capitals.
b) when the fair value is significantly smaller than the accountant value, the difference will be registered like this:
in an account of expenses, or
in an account of own capitals if, a previous revaluation determined the registration of a difference from revaluation in that account of own capitals and only within the limit of that amount, the difference being registered still in an account of expenses with the depreciation of assets.
4.2. Debts recognition and evaluation. The recognition of a debt is fulfilled by the company according to the following criteria:
The evaluation of debts is accomplished:
at input, at the historical value or updated value of the future outputs of cash or of resources necessary to discount the debt;
at inventory, at the updated value of the outputs of future resources;
at the balance sheet, at the accountant value or at the updated accountant value, in case of debts expressed in lei reported to a foreign currency.
Debts over one year will be brought to the updated value according to the legal dispositions or to the conventions and contracts concluded . The update of bank credits and leasing rates will be made according to the contractual provisions.
4.3. Own capitals. Own capitals represent the residual interest of shareholders in the assets of the institution, after the deduction of all debts and are composed of :
the result retained resulted from the passing to the application of the Accountant Regulations corresponding to the IVth Directive of the European Economic Community.
4.4.Expenses and incomes in advance. These are posts of regularization of incomes and expenses which are related to other financial exercises than the current one.
4.5. Incomes recognition and evaluation. The recognition of incomes is fulfilled according to the following criteria:
Intangible assets. The classification and presentation is the one provided by the Regulations.
The computational programs are evaluated at the acquisition cost, they are classified according to destination and amortized monthly for a period of 3 years. The expenses with the current maintenance of the computational systems are recognized as expenses of the period.
They are structured in the balance sheet in the following subcategories:
S.I.F. OLTENIA S.A. revaluates the buildings and lands and the other tangible assets periodically. The last revaluation made and registered was on 31.12.2012.
The lands held by S.I.F. OLTENIA S.A. cannot be amortized because their useful life duration cannot be determined,but they are periodically tested upon depreciation.
The expenses for the arrangement, rearrangement and modernization of the buildings and lands and of other noncurrent assets are included in the accountant value of the respective non-current assets.
The expenses with the current repairs and for maintenance related to the tangible assets are recognized as expenses of the period.
The testing upon depreciation of the tangible assets will be fulfilled at the end of each financial exercise . At the end of the fiscal year the inventory of tangible assets is performed and also their compliance with the accounting. Based on the approval of the Administration Board the cassation proposals performed by the inventory commissions are deducted from the accounting evidence and passed in an account outside the balance sheet until their cassation.
The tangible assets are amortized in a linear system, the useful life durations being those established by the CA resolution no. 2/10.02.2005 having as a determination basis HG 2139/2004. The useful life duration of tangible assets are established as follows:
| - constructions | 12-50 years |
|---|---|
| - technical installations and machines | 3-20 years |
| - other installations, equipments and furniture | 3-15 years |
S.I.F. OLTENIA S.A. invests in securities issued by other companies or public or private organisms, their presentation in the balance sheet being made:
Financial assets available for sale are defined as being those assets that are not loans and receivables produced by SIF Oltenia SA, financial assets held for trading or investments held to maturity. On 30.06.2015, the company classified in this category all equity securities and receivables to third parties who were not classified in the above categories.
Investments held to maturity represent those financial assets with fixed or determinable payments and fixed maturity that the company has the firm intention and the possibility to held until maturity.
Other fixed receivables held by the company are loans and receivables produced by providing money to a debtor, other than those initiated with the intent of being immediately sold or in short term.
The financial investments held by S.I.F. OLTENIA S.A. in the form of the stakes to the social capital of other companies are part of the category of financial assets available for sale, being registered in financial assets. Occasionally, when the effective leadership of the company considers that the interests of shareholders are better protected, certain financial investments can be included and treated likewise, in the category of financial investments on short term.
At input, the investments are registered at acquisition cost, which also includes trading costs directly assignable to their acquisition.
In the annual financial statements, the financial investments are evaluated according to the R.N.S.C. Orders no 13/2011 and no. 11/11.03.2009, respectively:
In the annual financial statements in determining the adjustments for depreciation of participation units, the market value is the value established based on the provisions of the Disposition of measures no. 23/20.12.2012 issued by RNSC, with applicability from the month of March 2013 and of the Decision of the Administration Board no. 1/31.01.2013 for the approval to use the alternative methods provided in this Disposition of measures as follows:
S.I.F. OLTENIA S.A. has chosen to establish the market value based on the Disposition of measures no. 23/20.12.2012 because it is a generally accepted method, used in the reports submitted to A.S.F. and investors, to calculate the monthly and annual net asset (Annex no. 16 and Annex no. 17). S.I.F. OLTENIA S.A. believes that the value of the securities presented to investors in the financial statements cannot be determined by different methods. S.I.F. OLTENIA S.A. consistently applied this method of evaluation.
The negative adjustments are registered on accounts of capitals, using the account 1062 "Reserves formed from adjustments for losses of value of financial assets" according to RNSC Order no. 11/11.03.2009.
The evaluation of the financial investments is performed and registered at the end of every year.
Shares received with free title are registered in the account 1065 ,,Reserves formed from the value of financial intangible assets acquired free of charge".
When exiting the patrimony the participation units (shares) are subtracted from administration based on the FIFO method (first entered, first exited).
S.I.F. OLTENIA S.A. evaluates stocks at the acquisition cost which contains the totality of expenses related to the acquisition and bringing of goods in state of use or utilization. The administration of stocks is organized based on the quantitative – value method, according to the nature of goods.
When exiting the administration, stocks of material values are registered in accountancy by applying the FIFO method (first entered, first exited).
The materials of the type of inventory objects are registered fully on costs when given to be used.
In the balance sheet stocks are evaluated at cost, and the testing upon depreciation is made at the end of each year.
The stocks will be inventoried at the end of each financial exercise.
Receivables on short term (with due dates up to 12 months) are evaluated at the nominal value, at the date of their apparition; those on long term are distinguished in the balance sheet at the updated value according to the currency exchange rate or according to the phasing diagram of cashes and contractual conditions.
The dividends to be cashed are registered in the accountant evidence on ex-dividend date, and the non cashing on the dates established by AGOA Resolution, are adjusted with full amount, in the asset, being registered with zero value (Disposition of measures no. 23/2012 of R.N.S.C).
A reclassification of receivables in uncertain receivables is made when the non-cash risk becomes significant. Receivables will be classified according to the oldness of non-cash and each category will have a non- cash risk associated to it.
From the fiscal point of view, the deducibility of the adjustments for the depreciation of receivables will be circumscribed to the legal provisions in force.
The differences of the exchange rate related to the receivables in the estimates at the end of each month, are recognized as incomes or financial expenses of the respective period
The reserves are distinguished distinctly and registered in accountancy on each particular type of currency. The evidence of the movement is kept in lei, at the exchange rate from the transaction date. At the end of each month, the balance in foreign currency is converted according to the exchange rate communicated by BNR from the last banking day of the month concerned and the differences of the exchange rate are distinguished as incomes or financial expenses of the period.
The classification of debts in the balance sheet is made according to the discount duration, in debts on short term (below one year) and debts on average and long term (over one year).
The evaluation of debts is made at the nominal value of the amounts of money which will be paid to extinguish the obligation. The updating of the debts value in foreign currency, in balance account at the end of each month, is made at the exchange rate from that date, the differences being recognized as incomes or expenses of the period to which they refer.
It is believed that short-term debts (commercial, fiscal, wages, payment dividends etc.) should not be updated because the settlement period is short and the eventual variations of value are considered insignificant.
The bank credits, loans, etc are indexed according to certain rates according to the contracts that settle them.
The composition of the own capitals of S.I.F. OLTENIA S.A. is the following:
The shares of S.I.F. OLTENIA S.A. are listed with the "Premium" category on the native capital market (Bucharest Stock Exchange). Until the present day the company did not buy back its own shares.
The accounts of own capitals reflect the result of the difference between assets and debts from the balance sheet.
The company is permanently preoccupied to maintain the financial capital it possesses. The company does not apply the adjustment to inflation of the own capitals; revaluations of the assets and debts are made periodically in order to
offer a faithful image on the activity.
The distribution of dividends as well as all the other destinations of allocation of the net profit will be operated from the accountant point of view in the financial exercise in which the General Assembly of Shareholders decides upon this allocation, the respective operations being considered further events to the date of the balance sheet which do not impose accountant adjustments for the year concluded.
The recognition of incomes is fulfilled according to the following criteria:
In the situation when the transaction took place but the recognition of the income is conditioned by certain subsequent events, S.I.F. OLTENIA S.A. will register an income in advance, which will be converted in effective income during the apparition / validation period of the subsequent event.
The incomes from dividends will be recognized when the right of S.I.F. OLTENIA S.A. to dividends is established, respectively when the company issueing the shares will state the allocation of dividends from the annual profits (ex-dividend date).
The extraordinary incomes refer only to incomes from clearly distinguished events from the usual activities, which do not have a frequent character and cannot be controlled by the management of the company. This kind of events will be commented in the explanatory notes and in the profit and loss account the extraordinary incomes and expenses will be presented distinctly.
The recognition of expenses is fulfilled according to the following criteria:
The moment of recognizing the expenses is established based on professional reasoning which will have at its basis the commitments accountancy and the principle of connecting expenses with incomes which were generated in a certain period of time.
The extraordinary expenses refer exclusively to expenses from clearly distinguished events from the usual activities, which do not have a frequent character and cannot be controlled by the management of the company.
S.I.F. OLTENIA S.A. classified all stakes held in companies in the category of financial assets available for sale. The eventual provisions regarding the obligation to pay taxes will be recognized in the annual financial statements, in the credit of the account 1516 "Provisions for taxes".
For the participations held by S.I.F. OLTENIA S.A. and reflected in the accounts of own capitals, other than the social capital, provisions will be constituted, for the profit tax due at the moment of their valorization with reflection in the accounts 1065 "Reserves constituted from the value of titles / shares acquired free of charge from the companies in which stakes are held" and 1068 "Other reserves".
Provisions for taxes are established for the payment of future amounts due to state budget, given that the respective amounts do not appear reflected as a current liability in relation to the state.
Provisions for taxes are calculated by applying the share provided by the fiscal legislation (the share of 16%) on the reserves (included in own equity) accumulated related to the initial portfolio, to the reserves from shares received for free, to the reserves from the contribution value of fixed assets brought to the social capital of other companies and reserves from revaluation surplus accomplished from revaluation differences, not taxed. Establishing and regulating the provision for profit tax is made in correspondence with the appropriate reserve account.
At the same time, the eventual counter value of the participations held in the commercial companies dissolved following the closing of the bankruptcy procedure for them, will be reflected in accountancy through the account 1068.01 "Other reserves", until the limit of exhaustion of these reserves.
The company performance is reflected in the result of the exercise, which comes from the profit and loss account of
the period. The distribution of the profit is considered "further event to the date of the balance sheet, which does not need adjustment in the current exercise", subsequently this event will produce effects in the following financial exercise. The retained result which comes from the previous periods will influence the result of the current exercise like this: if the retained result is a loss, it will be covered from the result of the future exercises; if it is a profit the distribution modalities are those practiced for the result of the exercise, respectively those established by the General Assembly of Shareholders.
Short term benefits of the employees include salaries, bonuses and social security contributions. The obligations with short-term benefits granted to employees are not updated and are recognized in the profit and loss account as the related service is rendered.
In the normal course of business, the company makes payments on behalf of its employees to the Romanian State pension system, health insurance and unemployment fund. Also, all employees of the company are members and have the legal obligation to contribute (through individual social contributions) to the Romanian State pension system. All related contributions are recognized in profit and loss account of the period when they are made. The company has no further obligations.
S.I.F. OLTENIA S.A. is not engaged in any independent pension system and, therefore, has no other obligations in this respect, and has no obligation to provide further services to former or current employees.
Besides salaries and other salary rights, according to the Collective Labour Agreement and Company statute, the employees, directors with mandate contract and administrators, are entitled to receive also incentives granted from the fund made at the level of the company approved by AGOA of the company for approval of the financial statements for the expired year (participation fund to profit). This obligation is first recognized in the profit and loss account of the financial exercise in which the profit was made in the form of a provision (account1518 "Other provisions).
The distribution of incentives on employees, directors with a mandate contract and administrators, is made in accordance with the provisions of the Collective Labour Agreement, Company Statute and Mandate Contracts, after approval by the Ordinary General Assembly of Shareholders.
The modification of an accountant policy must be done only if it is required through legal dispositions or by an organism of accountant regulation or if it has as a result a more adequate presentation of the events or of the transactions within the financial statements.
The change of the accountant policy applies prospectively – on the events and transactions that take place after the changing date.
No adjustment connected to the previous periods is applied to the opening balance of the result carried forward or to its profit and loss account.
S.I.F. OLTENIA S.A. holds securities of the type of shares and securities in open and closed investments funds, according to Note 11.
The social capital amounts to 58,016,571.4 lei, consisting of 580,165,714 shares, with a nominal value of 0.1 lei.
The shares are ordinary, nominative, of equal value, issued in dematerialized form and give equal rights to their holders. The shares are indivisible, the company recognized a single representative to exercise the rights arising from ownership of a share.
The company contract, in art. 6, al. 3, provided that:
"Any person may acquire with any title or may hold, alone or together with persons acting in concert, shares issued by S.I.F. Oltenia S.A., but not more than 5% of its social capital.
The exercise of the voting right is suspended for the shares held by shareholders, which exceed the limit provided in paragraph 3 of the present article. The persons mentioned in paragraph 3 of the present article have the obligation that, when the threshold of 5% is reached, to inform in maximum 3 working days S.I.F. Oltenia S.A., R.N.S.C. and B.V.B. Within 3 months from the date of exceeding the limit of 5% of the social capital of S.I.F. Oltenia S.A., shareholders in this situation are forced to sell shares that exceed the holding limit."
The shares give their holders the following rights:
During the reporting period concluded bonds were not issued.
* The wages of managers, administrators and attorneys
the administrators of the company received during the reporting period indemnities according to the decision of AGOA and to the provisions of the Law 31/1990 republished.
the Effective Leadership was remunerated during the period 01.01.2015 - 30.06.2015 according to the Decision of the OGAS on 20.04.2013, which was the basis of the conclusion of the mandate contracts approved by the Administration Board for the General Manager and the Deputy General Manager. The attributions of the effective management of the company, delegated by the Administration Board according to Art. 143 (1) of Law 31/1990 R and the RNSC regulations (current FSA) in force, were exercised by:
Ciurezu Tudor General Manager
Radu Anina Deputy General Manager
there are no contractual obligations regarding the payment of pensions to the former managers and administrators.
advances or credits were not granted to the managers and administrators during the reporting period, except for the advances for travels in work interest, justified in legal term, so that at the end of the period no amount of this kind is due.
-there are no obligations of the type of warranties assumed by the company in the name of managers and administrators
| * The employees: | 30.06.2015 |
|---|---|
| - - average number of employees of which: | 52 |
| - employees with high studies | 34 |
| - employees with average studies | 18 |
| - collaborators, of which: | 5 |
| - administrators | 5 |
| - wages paid or to be paid (lei) | 2,487,466 |
| - expenses with social insurances (lei) | 569,245 |
The company makes payments to the institutions of the Romanian state in the account of pensions of its employees. All the employees are members of the pensions plan of the Romanian state. The company does not operate any other pensions plan or benefits after retirement, and, thus, does not have any other obligations regarding pensions. Moreover, the company is not obliged to offer further benefits to the employees after retirement.
The leadership of the company is realized according to the unitary system settled by the Law 31/1990 with subsequent amendments.
Financial indicators are divided into five categories:
Liquidity indicators Risk indicators Activity indicators Profitability indicators Indicators regarding result per share 1. LIQUIDITY INDICATORS - Current liquidity indicator = Current assets = 40,928,707 = 0.2932 Current liabilities 139,591,387 (or the indicator of working capital) - provides guarantee for covering current liabilities from current debts. - Immediate liquidity indicator = Current assets-stocks = 40,893,500 = 0.2930 Current liabilities 139,591,387 (or acid test indicator) 2. RISK INDICATORS - Gearing ratio = Borrowed capital x 100 - Not applicable Own capital or = Borrowed capital x 100 - Not applicable Capital employed Where: Borrowed capital = credits over 1 year Capital employed = borrowed capital + own capital The indicator regarding interests coverage - this indicator determines how many times an institution may pay interest expenses. - the lower the value of the indicator is more risky the position of the institution is considered. Profit before interest payment and profit tax = No times - Not applicable Interest expenses
Management indicators provide information on:
input or output speed of cash flows;
the ability of the institution to control the working capital and core activities.
Main activity indicators are:
rotation speed of customers debits;
rotation speed of fixed assets;
rotation speed of total assets.
a. The rotation speed of debits - clients
A rising value of this indicator may indicate problems connected to the control of credit given to customers and, consequently, receivables which are more difficult to cash (bad payer customers) .
b. Rotation speed of fixed assets
| - The rotation speed of fixed assets = | Turnover * = Fixed assets |
157,289,754 962,354,523 |
= 0.1634 | |
|---|---|---|---|---|
| c. The rotation speed of total assets | ||||
| - The rotation speed of total assets = | Turnover * Total assets |
= | 157,289,754 1,003,453,529 |
= 0.1567 |
* - for the financial investments companies it is understood total incomes from current activity
The indicator of employed capital profitability
The indicator of employed capital profitability
| = Profit before interest payment and profit tax | = | 123,151,327 | = 0.1509 |
|---|---|---|---|
| Employed capital | 816,150,430 |
They are determined and take into consideration :
| - Result per share | = 0.1788 lei/share |
|---|---|
| - net profit attributable to common shares | = 103,738,968 lei |
| - number of common shares taken into consideration | = 580,165,714 |
| - The ratio between the market price of the share and result per share | = 1.6933 = 9.47036 |
| 0.1788 |
The market price of SIF Oltenia S.A. shares result as a simple arithmetic average, as determined by dividing the value of transactions made between 01.01.2015 - 30.06.2015 and the total number of shares traded on the stock market during this period.
Legal form and headquarters:
S.I.F. OLTENIA S.A. is a company on shares with an integrally private capital. The headquarters of the company is in Craiova, Tufanele Street, no.1, zip 200767, Dolj County
The country where it was founded :
S.I.F. OLTENIA S.A. was founded on 01.11.1996 in Craiova - Romania, based on the Law no. 133/1996, law for the transformation of the Funds of the Private Property in companies of financial investments. The company was founded by the transformation of the Fund of Private Property V Oltenia.
S.I.F. Oltenia S.A. is registered at:
The shares of the company are registered at the quote of Bucharest Stock Exchange, category Premium, with the indicative SIF5, starting with 01.11.1999
The evidence of shareholders and shares of the company is kept by SC DEPOZITARUL CENTRAL S.A. Bucharest.
The depositing activity provided by the legislation and the regulations R.N.S.C. / ASF was assured by RAIFFEISEN BANK S.A., Bucharest Branch.
According to the article of association, the company has the following object of activity:
S.I.F. OLTENIA S.A. based on the stakes held in the social capital, had the statute of majority shareholder in 12 commercial companies, of shareholder with control position in 3 commercial companies. In 5 commercial companies from the 25 in which stakes of at least 20% of the social capital are held, S.I.F. OLTENIA S.A. does not have any kind of representation in the administrative leadership.
Between S.I.F. OLTENIA S.A. and entities in which it owns more than 20% of the voting rights of shareholders, there are no relationships on line of purchasing, production or distribution. The basic activity carried out by the respective entities is totally different from that of S.I.F. OLTENIA S.A. and substantially different from one entity to another.
The activities developed by the companies in which participations of over 20% of the vote rights are held, belong to certain different branches: food, trade, tourism, hotel, constructions, car manufacturing industry, electronic and electrical engineering industry, wood processing industry, spaces rental etc.
The leadership of the company classified all the securities of the portfolio activity in the category of financial assets available for sale. In order to observe the provisions of Chapter II article 3 of the Regulations no. 3/2011 regarding Accounting Regulations compliant to the VII-th Directive of E.E.C, applicable to the authorized entities settled and supervised by RNSC / ASF, approved by Order no. 12/03.02.2011, S.I.F. OLTENIA S.A uses for the evidence of the participations held the account 261 «Shares held in the affiliated entities» (for investments of over 50% of the social capital of issuers in which they are accomplished) and for the other investments it uses the account 265 «Other fixed securities». The company does not use the account 263 «Participation interests» because being an active player on the capital market, it would mean that modifications in this account took place permanently, fact that could not allow the creation of comparability conditions.
The transactions of the company in foreign currency are registered at the exchange rates from the date of the transactions. The gains and losses resulted from the discount of the transactions in foreign currency are recognized in the profit and loss account. The balances are converted in lei at the exchange rates from 30.06.2015 communicated by the National Bank of Romania, respectively :
1 EUR = 4.4735 lei
The taxable profit for the reporting period concluded on 30.06.2015, appears as follows
| - | Profit before taxation: | 123,151,327 | lei |
|---|---|---|---|
| - | Non taxable incomes: | 14,474,428 | lei |
| - | Non deducible expenses: | 12,665,967 | lei |
| - | Taxable profit : | 121,342,866 | lei |
| - | Profit tax calculated: | 19,414,859 | lei |
| - | Amounts representing sponsorships (patronage): | 2,500 | lei |
| - | Profit tax due | 19,412,359 | lei |
The taxation rate used is of 16%:
Turnover includes total incomes from current activity. The important share of the total incomes is held by incomes from financial investments ceded representing 52.56% of total incomes.
Expenses of this kind were not made.
In the reporting period, the company did not register expenses with fees for auditors
It is not the case.
It is not the case.
1. Securities in:
| lei | ||
|---|---|---|
| Nominal value | Value evaluated * on 30th June 2015 |
|
| Companies traded at BVB | 247,029,100 | 863,702,063 |
| Companies traded at R.A.S.D.A.Q. | 9,169,827 | 8,175,835 |
| Companies traded at BVB - AERO | 73,957,791 | 150,970,224 |
| Companies traded at SIBEX | 0 | 0 |
| Companies traded at SIBEX - ATS | 6,492,607 | 29,541,362 |
| Total companies listed and traded | 336,649,325 | 1,052,389,484 |
| Closed companies | 205,000,903 | 512,081,600 |
| Companies listed and not traded | 8,746,710 | 28,894,920 |
| Commercial companies in liquidation, judicial reorganization | 1,793,365 | 0 |
| Total companies not listed or not traded | 215,540,978 | 540,976,520 |
| Total portfolio securities | 552,190,303 | 1,593,366,004 |
The companies in the portfolio of S.I.F. OLTENIA S.A. can be classified, according to the percentage held in the social capital of issuers, as follows:
| lei | ||||
|---|---|---|---|---|
| Number of companies |
Acquisition accounting value (lei) |
Weight in total portfolio |
Value evaluated * On 30th June 2015 |
Weight in total portfolio |
| 13 | 397,483,175 | 46.88 | 653,921,790 | 41.04 |
| 35 | 329,039,388 | 38.81 | 752,376,762 | 47.22 |
| 3 | 8,968,285 | 1.06 | 10,096,240 | 0.63 |
| 12 | 112,344,571 | 13.25 | 176,971,212 | 11.11 |
| 63 | 847,835,419 | 100.00 | 1,593,366,004 | 100.00 |
| No. | Accounting value | Value evaluated * on 30th June 2015 |
|
|---|---|---|---|
| OPCVM and/or AOPC | 5 | 2,697,573 | 2,475,506 |
lei
| lei | |||||
|---|---|---|---|---|---|
| Financial assets | Acquisition accounting value |
Positive adjustments |
Negative adjustments |
Market value * On 30th June 2015 |
|
| Securities admitted or traded on a settled | 539,689,361 | 334,324,453 | 10,311,751 | 863,702,063 | |
| market of Romania - BVB | |||||
| Securities admitted or traded on a settled | 12,694,369 | 21,707,959 | 3,559,680 | 30,842,647 | |
| market of Romania - RASDAQ | |||||
| Securities admitted or traded on a settled | 108,110,755 | 57,030,646 | 8,036,523 | 157,104,878 | |
| A | market of Romania – BVB-AERO | ||||
| Securities admitted or traded on a settled | 189,304 | 0 | 95,850 | 93,454 | |
| market of Romania - SIBEX | |||||
| Securities admitted or traded on a settled | 29,350,613 | 190,749 | 0 | 29,541,362 | |
| market of Romania - SIBEX - ATS | |||||
| Securities not admitted to trading | 157,801,018 | 357,986,874 | 3,706,292 | 512,081,600 | |
| B Other assets or financial instruments | 2,697,573 | 126,322 | 348,389 | 2,475,506 | |
| TOTAL | 850,532,993 | 771,367,003 | 26,058,485 | 1,595,841,510 |
On 30th June 2015 the structure of S.I.F. OLTENIA S.A. portfolio is the following:
| 1 | ALTUR SLATINA | 1,893,114 | 6.00 |
|---|---|---|---|
| 2 | B.R.D.-GROUPE SOCIETE GENERALE BUCURESTI | 208,747,316 | 2.78 |
| 3 | BANCA COMERCIALA ROMANA BUCURESTI | 355,351,097 | 6.30 |
| 4 | BANCA TRANSILVANIA CLUJ | 89,894,428 | 1.62 |
| 5 | BURSA DE VALORI BUCURESTI | 12,758,324 | 5.00 |
| 6 | C.N.T.E.E. TRANSELECTRICA BUCURESTI | 105,472,726 | 5.67 |
| 7 | CEREALCOM ALEXANDRIA | 6,134,654 | 6.69 |
| 8 | COMAT DIMBOVITA TARGOVISTE | 150,800 | 7.41 |
| 9 | CORINT TARGOVISTE | 0 | 5.80 |
| 10 | COS TARGOVISTE | 0 | 8.92 |
| 11 | D.F.E.E. ELECTRICA | 5,496,089 | 0.13 |
| 12 | DEPOZITARUL CENTRAL BUCURESTI | 1,219,598 | 3.91 |
| 13 | DEPOZITARUL SIBEX | 1,224,715 | 5.44 |
| 14 | ELBA TIMISOARA | 4,286,285 | 2.37 |
| 15 | EXIMBANK BANCA DE EXPORT IMPORT A ROMANIEI BUC | 36,443,719 | 3.27 |
| 16 | OMV PETROM BUCURESTI | 259,500,667 | 1.22 |
| 17 | OTELINOX TARGOVISTE | 10,467,173 | 5.47 |
| 18 | ROMLUX LIGHTING COMPANY | 129,764 | 0.51 |
| 19 | SAGRICOM ULMI | 0 | 4.21 |
| 20 | SIBEX-SIBIU STOCK EXCHANGE | 93,454 | 0.44 |
| 21 | SIF MOLDOVA | 937,791 | 0.23 |
| 22 | SNTGN TRANSGAZ MEDIAS | 46,549,382 | 1.54 |
| 23 | T.M.K. ARTROM SLATINA | 14,846,554 | 5.19 |
| 24 | TRANSILVANIA LEASING IFN BRASOV | 623,297 | 4.03 |
| 1 | ANTIBIOTICE IASI | 51,592,443 | 13.13 |
|---|---|---|---|
| 2 | BIROUL DE INVESTITII REGIONAL OLTENIA IFN | 3,008,673 | 19.45 |
| 3 | BT ASSET MANAGEMENT S,A,I, CLUJ | 2,070,108 | 10.00 |
| 4 | CONTACTOARE BUZAU | 5,324,801 | 18.20 |
| 5 | COREALIS CRAIOVA | 2,586,059 | 19.18 |
| 6 | GASTRONOM BUZAU | 854,522 | 10.01 |
| 7 | GRUP BIANCA TRANS BRASOV | 410,651 | 13.63 |
| 8 | IAMU BLAJ | 5,784,767 | 19.83 |
| 9 | NORD SA BUCURESTI | 3,863,154 | 18.12 |
| 10 | RELEE MEDIAS | 302,418 | 12.38 |
| 11 | SANEVIT ARAD | 0 | 13.28 |
| 12 | SANEX CLUJ | 18,110,088 | 13.62 |
| 13 | TURISM FELIX BAILE FELIX | 14,183,363 | 16.97 |
| 14 | TUSNAD BAILE TUSNAD | 1,051,843 | 11.79 |
| 1 | CITEX TG,JIU | 0 | 40.13 |
|---|---|---|---|
| 2 | ELECTRO TOTAL BOTOSANI | 0 | 29.86 |
| 3 | ELECTROMAGNETICA BUCURESTI | 35,730,726 | 25.17 |
| 4 | LACTATE NATURA TARGOVISTE | 5,880,717 | 39.72 |
| 5 | LEMCOR CRAIOVA | 4,215,523 | 35.08 |
|---|---|---|---|
| 6 | MAT CRAIOVA | 2,024,778 | 25.71 |
| 7 | MIRFO TRADING TG, JIU | 462,212 | 22.01 |
| 8 | MOBILA RADAUTI | 940,857 | 29.17 |
| 9 | PRODPLAST BUCURESTI | 10,052,449 | 27.51 |
| 10 | PRODPLAST IMOBILIARE | 29,541,362 | 31.12 |
| 11 | SANTIERUL NAVAL ORSOVA | 6,046,691 | 20.38 |
| 12 | SINTEROM CLUJ | 17,342,011 | 31.63 |
| 13 | TURISM LOTUS FELIX | 32,793,629 | 25.95 |
| 1 | ALIMENTARA SLATINA | 2,148,167 | 51.99 |
|---|---|---|---|
| 2 | ARGUS CONSTANTA | 82,449,693 | 85.98 |
| 3 | COMPLEX HOTELIER DAMBOVITA | 4,869,576 | 75.48 |
| 4 | CONSTRUCTII FEROVIARE CRAIOVA | 635,001 | 77.50 |
| 5 | CONSTRUCTII MONTAJ 1 CRAIOVA | 2,050,889 | 96.56 |
| 6 | FLAROS BUCURESTI | 26,393,895 | 77.11 |
| 7 | GEMINA TOUR RM,VILCEA | 1,883,686 | 88.29 |
| 8 | MERCUR CRAIOVA | 20,317,760 | 85.85 |
| 9 | PROVITAS BUCURESTI | 4,982,360 | 70.28 |
| 10 | TURISM PUCIOASA | 3,874,127 | 69.22 |
| 11 | UNIVERS RM,VALCEA | 5,875,190 | 73.75 |
| 12 | VOLTALIM CRAIOVA | 21,490,868 | 100.00 |
| 1 | BT INDEX | 1,398,680 |
|---|---|---|
| 2 | FDI NAPOCA | 161,638 |
| 3 | FDI TRANSILVANIA | 300,601 |
| 4 | EUROGLOBINVEST | 426,322 |
| 5 | iFOND Financial Romania | 188,265 |
* For securities listed on settled markets, and traded in the last 30 trading days, the market value was determined by taking into account the closing price of the last trading day on the main capital market.
For securities traded on RASDAQ, AERO and ATS markets in the last 30 trading days, the market value was determined by taking into account the reference price for the day for which the evaluation is made, provided by the operator of the respective trading system.
For securities listed that did not have transactions in the last 30 trading days, as well as for unlisted securities, the market value was determined based on own capitals of issuers according to the provisions of the Disposition of RNSC/ASF measures no. 23 / 20.12.2012.
| lei | ||||||||
|---|---|---|---|---|---|---|---|---|
| NAME | DEPOSIT VALUE | DEPOSIT VALUE | TOTAL WEIGHT |
DATE | ||||
| BANK | DUE TIME DUE TIME |
OF | OF | |||||
| ACCOUNT SYMBOL | < 60 days | > 60 days | % | VALUE | CONSTITUTION | DUE TIME | ||
| BANCA TRANSILVANIA | 017RONDNEG0470727BZ | 5,000,000 | 0.80 | 3,111 | 8.67 | 24/06/2015 | 22/07/2015 | |
| BANCA TRANSILVANIA | 017RONDNEG0470727CG | 3,000,000 | 0.80 | 1,867 | 5.21 | 24/06/2015 | 22/07/2015 | |
| BANCA TRANSILVANIA | 017RONDNEG0470727CH | 3,000,000 | 0.80 | 1,867 | 5.21 | 24/06/2015 | 22/07/2015 | |
| BANCA TRANSILVANIA | 017RONDNEG0470727CI | 900,000 | 0.80 | 560 | 1.56 | 24/06/2015 | 22/07/2015 | |
| BCR | 2531.A03.0.1040699.0134.ROL.1137 | 16,880 | 0.02 | 0 | 0.00 | 30/06/2015 | 01/07/2015 | |
| BCR | 2531.A03.0.1040699.0134.ROL.1155 | 322,294 | 0.00 | 0 | 0.00 | 30/06/2015 | 01/07/2015 | |
| RAIFFEISEN BANK | TO 0015201690 | 134,896 | 0.05 | 0 | 0.00 | 30/06/2015 | 01/07/2015 | |
| RAIFFEISEN BANK | TO 0017388619 | 11,597,738 | 0.05 | 16 | 0.04 | 30/06/2015 | 01/07/2015 | |
| TOTAL DEPOSITS RON | 23,971,808 | 7,421 | 20.69 | |||||
| BANCA TRANSILVANIA | 817USDDNEG047072701 | 1,998,450 | 1.20 | 12,124 | 33.81 | 09/03/2015 | 07/09/2015 | |
| BANCA TRANSILVANIA | 817USDDNEG047072702 | 1,199,070 | 1.20 | 7,274 | 20.28 | 09/03/2015 | 07/09/2015 | |
| BANCA TRANSILVANIA | 817USDDNEG047072703 | 799,380 | 1.20 | 4,850 | 13.52 | 09/03/2015 | 07/09/2015 | |
| BANCA TRANSILVANIA | 817USDDNEG047072704 | 691,464 | 1.20 | 4,195 | 11.70 | 09/03/2015 | 07/09/2015 | |
| TOTAL DEPOSITS CURRENCY | 4,688,364 | 28,443 | 79.31 | |||||
| OVERALL TOTAL | 23,971,808 | 4,688,364 | 35,864 | 100.00 |
| lei | |||||
|---|---|---|---|---|---|
| Indicators | Account | Accomplishments related to the reporting period |
|||
| Previous | Current | ||||
| 1 | Incomes from financial non current assets (internal - external dividends) |
761 | 38,187,790 | 22,610,688 | |
| 2 | Incomes from financial investments on short term (interests in bonds - placement titles) |
762 | 0 | 0 | |
| 3 | Incomes from fixed receivables | 763 | 0 | 0 | |
| 4 | Incomes from financial investments ceded | 758*, 764 |
81,702,992 | 38,823,129 | |
| 5 | Incomes from commissions related to works and services | 704 | 0 | 0 | |
| 6 | Incomes from differences of the exchange rate | 765 | 104,673 | 688,139 | |
| 7 | Incomes from interests | 766 | 215,341 | 123,975 | |
| 8 | Incomes from reactivated receivables and various debtors | 754 | 0 | 0 | |
| 9 | Incomes from fixed production | 721, 722 | 0 | 0 | |
| 10 | Incomes from provisions | 781, 786 | 3,707,111 | 12,271,836 | |
| 11 | Other incomes: | 2,402,721 | 82,771,987 | ||
| - from studies and researches | 705 | 0 | 0 | ||
| - from royalties, locations and rents | 706 | 66,463 | 72,353 | ||
| - from other various activities | 708 | 0 | 0 | ||
| - from subventions | 741 | 0 | 0 | ||
| - from other incomes | 758** | 1,953 | 82,677,490 | ||
| - from discounts obtained | 767 | 19,934 | 19,692 | ||
| - from other financial incomes | 768 | 2,314,371 | 2,452 | ||
| 12 | Incomes from subventions for extraordinary events and other assimilated ones |
771 | 0 | 0 | |
| 13 | TOTAL INCOMES | 126,320,628 | 157,289,754 |
| lei | |||||
|---|---|---|---|---|---|
| Indicators | Accomplishments related to the reporting period |
||||
| Account | Previous | Current | |||
| 1 | Losses related to receivables connected to participations | 663 | 0 | 0 | |
| 2 | Expenses regarding financial investments ceded | 664, 658* | 50,084,029 | 28,640,445 | |
| 3 | Expenses regarding commissions and fees | 622 | 436,784 | 678,208 | |
| 4 | Expenses from differences of exchange rate | 665 | 155,446 | 319,364 | |
| 5 | Expenses regarding interests | 666 | 0 | 0 | |
| 6 | Expenses with bank services and assimilated ones | 627 | 5,597 | 8,162 | |
| 7 | Losses from receivables and various debtors | 654 | 5,586 | 0 | |
| 8 | Expenses with provisions and amortizations | 681,_686 | 268,727 | 233,568 | |
| 9 | Expenses regarding external performances | 277,219 | 238,759 | ||
| - maintenance and repairs | 611 | 67,896 | 82,438 | ||
| - royalties, locations and rents | 612 | 0 | 0 | ||
| - insurance premiums | 613 | 32,907 | 30,155 | ||
| - studies and researches | 614 | 0 | 0 | ||
| - protocol, advertisement and publicity | 27,206 | 15,811 | |||
| - transport of goods and persons | 624 | 0 | 0 | ||
| - travels, detachments, transfers | 625 | 24,003 | 17,423 | ||
| - mail and telecommunications | 626 | 28,447 | 21,442 | ||
| - other services executed by third parties | 628 | 88,337 | 67,523 | ||
| - other expenses | 658** | 7,450 | 2,500 | ||
| - expenses regarding discounts given | 667 | 0 | 0 | ||
| - other financial expenses | 668 | 973 | 1,467 | ||
| 11 Expenses with other taxes, duties and assimilated transfers | 635 | 878,343 | 757,196 | ||
| 12 Other expenses | 3,140,424 | 3,262,725 | |||
| - expenses with consumable materials | 602 | 112,800 | 114,205 | ||
| - material expenses of the kind of the inventory objects | 603 | 19,623 | 7,998 | ||
| - expenses regarding non stocked materials | 604 | 90 | 157 | ||
| - expenses regarding energy and water | 605 | 85,704 | 83,654 | ||
| -expenses with collaborators | 621 | 410,030 | 475,062 | ||
| -expenses with the wages of the personnel | 641 | 1,845,557 | 2,012,404 | ||
| - expenses with meal tickets | 642 | 0 | 0 | ||
| - expenses regarding insurances and social protection | 645 | 666,620 | 569,245 | ||
| 13 expenses regarding calamities and extraordinary events | 671 | 0 | 0 | ||
| 14 profit tax | 691 | 10,955,126 | 19,412,359 | ||
| 15 other expenses with taxes not appearing in the elements above | 698 | 0 | 0 | ||
| 16 TOTAL EXPENSES | 66,207,281 | 53,550,786 |
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