Fondul Proprietatea

Net Asset Value • May 15, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2600N

Fondul Proprietatea S.A.

14 May 2015

Fund Administrator:	Franklin Templeton Investment Management Limited UK, Bucharest Branch
Administrator Code:	PJM05SSAM/400001
Fund:	Fondul Proprietatea SA
Fund Code:	PJR09SIIR/400006
Reporting date:	30.04.2015

Fondul Proprietatea SA 's Assets and Liabilities based on NAV calculation according with the Regulation No. 4 / 2010, as subsequently amended    

Romanian lei (RON)

1. Non-current Assets	6,478,683,547.78
1.1. Intangible assets	820,370.33
1.2. Tangible assets	0.00
1.3. Financial assets	6,477,863,177.45
1.3.1 Listed shares**	10,754,167.67
1.3.2 Unlisted shares	6,467,108,782.99
1.3.3 Government securities	0.00
1.3.4 Certificates of deposits	0.00
1.3.5 Bank deposits	0.00
1.3.6 Municipal bonds	0.00
1.3.7 Corporate bonds	0.00
1.3.8 Newly issued securities	0.00
1.3.9 Participation titles of UCITS and/or of OCIU	0.00
1.3.10 Other financial assets	226.79
2. Current assets	6,641,289,871.48
2.1 Inventory	0.00
2.2 Receivables out of which:	71,865,797.62
- commercial papers	0.00
2.3 Cash	828,057.97
2.4 Short term financial investments	6,448,888,551.05
2.4.1 Listed shares**	6,448,888,551.05
2.4.2 Unlisted shares	0.00
2.4.3 Municipal bonds	0.00
2.4.4 Corporate bonds	0.00
2.4.5 Participation titles of UCITS and/or of OCIU	0.00
2.5 Newly issued securities	0.00
2.6 Government securities	57,912,275.37
2.7 Bank deposits	61,439,684.41
2.8 Certificates of deposits	0.00
2.9 Other current assets	355,505.06
3. Derivatives	0.00
4. Prepaid expenses	176,790.77
5. Total assets	13,120,150,210.03
6. Total liabilities	43,092,868.61
6.1 Borrowings from bond issues	0.00
6.2 Amounts due to credit institutions	0.00
6.3 Advance payments to customer accounts	0.00
6.4. Payables	22,103,913.22
6.5 Commercial papers due	0.00
6.6 Amounts due to group companies	0.00
6.7 Amounts due to related parties	0.00
6.8 Other debts	20,988,955.39
7. Provisions	11,463,723.69
8. Deferred income out of which:	0.00
8.1 Subsidies for investments	0.00
8.2 Deferred income	0.00
9. Shareholders' equity out of which:	13,065,593,617.73
9.1 Share capital	11,575,064,733.65
9.2 Share capital premiums	0.00
9.3 Revaluation differences	34,911,863.53
9.4 Reserves	3,667,716,336.85
9.5 Retained earnings	-1,908,041,170.85
9.6 Period result	-304,058,145.45
9.7 Profit appropriation	0.00
10. Total liabilities and Shareholders' equity	13,120,150,210.03
11. Net Asset Value	13,065,593,617.73
12. No of shares issued*	10,728,881,516
13. Net asset value per share	1.2177
14. Number of portfolio companies out of which:	51
14.1 Companies admitted to trading on a regulated market**	15
14.1 Companies admitted to trading on an alternative regulated market	0
14.3 Companies not admitted to trading	36

NOTE: Starting 1 January 2015, IFRS became the statutory accounting basis for Fondul Proprietatea, the accounting records under IFRS being used for the computation of NAV for the non-portfolio items.

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

Legend:

* = Represents the number of shares related to the paid in subscribed share capital (according to provisions of Law 247/2005, Title VII, Art. 92, alin. 5 "Subscribed unpaid shares are not taken into account for the computation of net asset value per share for Fondul Proprietatea") excluding the Fund's own shares bought back (Treasury shares), according to provisions of CNVM Regulation no.11/2012.

** = Include also the value of holdings / number of companies admitted to trading on Rasdaq market

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as sole administrator on behalf of FONDUL PROPRIETATEA S.A

Oana Truta
Legal representative

Marius Nechifor

Compliance Officer

BRD Groupe Societe Generale
Victor Strâmbei
Manager Depositary Department
Claudia Ionescu
Director

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

Annex - Valuation methods used for the securities and the monetary market instruments held by Fondul Proprietatea S.A. as at 30 April 2015

The valuation methods used for the computation of the NAV as at 30 April 2015, for the securities and the monetary market instruments held by Fondul Proprietatea S.A. are the following:

1.   Listed companies on BVB traded within last 30 trading days: Closing Price

2.   Listed companies on Rasdaq RGBS traded within last 30 trading days: Reference price - Closing Price (according with the letter received from Financial Supervision Authority in December 2013)

3.   Listed companies on Rasdaq XMBS and UNLS traded within last 30 trading days: Reference price - Average Price (according with the letter received from Financial Supervision Authority in December 2013)

4.   Listed companies with no trades within last 30 trading days: Shareholders' equity / share (from the annual financial statements prepared in accordance to Romanian accounting regulations or in accordance to IFRS),  Fair value/share;

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

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

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

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

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

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

11. Listed government bonds: Closing price (Gross price);

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

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

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as sole administrator on behalf of FONDUL PROPRIETATEA S.A

Oana Truta	Marius Nechifor
Legal Representative	Compliance Officer

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

Annex - Changes in the valuation methods used for the computation of the NAV of Fondul Proprietatea as at 30 April 2015

There was no change of the valuation methods used for the computation of the NAV as at 30 April 2015 for Fondul Proprietatea S.A., as compare to 31 March 2015, respectively from the last reporting of the net asset of Fondul Proprietatea.

Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as sole administrator on behalf of FONDUL PROPRIETATEA S.A.

Oana Truta	Marius Nechifor
Legal representative	Compliance Officer

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVLFFVIEDISLIE