Fund Administrator: Franklin Templeton International Services S.à r.l. Administrator Code: PJM07.1AFIASMDLUX0037
Fund: Fondul Proprietatea SA
Fund Code: PJR09SIIR/400006
Reporting date: 29.09.2017
Fondul Proprietatea SA 's Assets and Liabilities based on NAV calculation according with the CNVM Regulation No. 4 / 2010, as subsequently amended
Lei
1. Non-current Assets | 7,437,283,109.17 |
1.1. Intangible assets | 343,004.21 |
1.2. Tangible assets | 0.00 |
1.3. Financial assets | 7,436,940,104.96 |
1.3.1 Listed shares** | 11,164,492.45 |
1.3.2 Unlisted shares | 7,423,223,216.50 |
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 | 2,552,396.01 |
2. Current assets | 3,215,378,933.95 |
2.1 Inventory | 0.00 |
2.2 Receivables out of which: | 123,250,459.99 |
- commercial papers | 0.00 |
2.3 Cash | 22,821,800.31 |
2.4 Short term financial investments | 2,351,088,359.07 |
2.4.1 Listed shares** | 2,351,088,359.07 |
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 | 145,256,305.56 |
2.7 Bank deposits | 572,962,009.02 |
2.8 Certificates of deposits | 0.00 |
2.9 Other current assets | 0.00 |
3. Derivatives | 0.00 |
4. Prepaid expenses | 222,626.90 |
5. Total assets | 10,652,884,670.02 |
6. Total liabilities | 46,095,551.67 |
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 | 18,258,003.02 |
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 |
1
[English translation of the original report in Romanian - for information purposes only]6.8 Other debts | 27,837,548.65 |
7. Provisions | 856,247.22 |
8. Deferred income out of which: | 0.00 |
8.1 Subsidies for investments | 0.00 |
8.2 Deferred income | 0.00 |
9. Shareholders' equity out of which: | 10,605,932,871.13 |
9.1 Share capital | 5,238,521,987.92 |
9.2 Share capital premiums | 0.00 |
9.3 Revaluation differences | -6,376.62 |
9.4 Reserves | 4,034,919,871.07 |
9.5 Retained earnings | 425,934,390.13 |
9.6 Period result | 906,562,998.63 |
9.7 Profit appropriation | 0.00 |
10. Total liabilities and Shareholders' equity | 10,652,884,670.02 |
11. Net Asset Value | 10,605,932,871.13 |
12. No of shares issued* | 8,781,020,187 |
13. Net asset value per share | 1.2078 |
14. Number of portfolio companies out of which: | 42 |
14.1 Companies admitted to trading on a regulated market | 5 |
14.1 Companies admitted to trading on an alternative regulated market*** | 5 |
14.3 Companies not admitted to trading | 32 |
Legend:
* = Represents the number of shares related to the paid-up subscribed share capital (according to provisions of Law 247/2005, Title VII, Art. 92, alin. 5 "Subscribed unpaid shares are not taken into account for the computation of net asset value per share for Fondul Proprietatea") excluding (a) the Fund's own shares bought back (Treasury shares), according to provisions of CNVM Regulation no. 4/2010, as subsequently amended, and (b) the equivalent number of shares corresponding to the GDRs bought back
** = Include also the value of holdings admitted to trading on AeRo market (alternative regulated market)
*** = Include the number of companies admitted to trading on AeRo market (alternative trading system)
Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager on behalf of FONDUL PROPRIETATEA S.A
Oana Truta Marius Nechifor
Legal representative Compliance Officer
BRD Groupe Societe Generale
Victor Strâmbei Claudia Ionescu
Manager Depositary Department Director
2
[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 29 September 2017
The valuation methods used for the computation of the NAV as at 29 September 2017, for the securities and the monetary market instruments held by Fondul Proprietatea S.A. are the following:
Listed companies on BVB traded within last 30 trading days: Closing Price
Listed companies on AeRo market (alternative trading system) traded within last 30 trading days: Reference price - Average Price
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;
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;
Companies in insolvency or reorganisation: Valued either at zero or at the value provided by an independent valuator;
Companies in liquidation/dissolution/ bankruptcy: Valued at zero;
Companies with negative shareholders' equity, unlisted, or listed but not traded within the last 30 trading days: Valued at zero;
Companies for which the annual financial statements of the previous year were not available 90 days after the legal term: Valued at zero;
Treasury bills: Acquisition price cumulated with the accrued interest receivable calculated for the period elapsed since the date of acquisition;
Listed government bonds: Fair value (reference composite price, including the cumulated interest);
Bank deposits: Bank deposit amount cumulated with the accrued interest receivable calculated for the period elapsed since its creation date.
Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager of FONDUL PROPRIETATEA S.A
Oana Truta
Legal Representative
Marius Nechifor Compliance Officer
[English translation of the original report in Romanian - for information purposes only]FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Register on Data Protection Notification Register under number 18668 • Subscribed share capital RON 5,238,521,987.92, Paid-up
Annex - Changes in the valuation methods used for the computation of the NAV of Fondul Proprietatea as at 29 September 2017For the computation of the NAV as at 29 September 2017 for Fondul Proprietatea SA, the valuation methods used for the investments in the companies presented below changed and/or have been updated:
IOR SAFor this holding, the valuation method has been changed from Reference price - Average price (respectively Lei 0.4500 /share) to Fair value per share: adjusted trading price published by Reuters (respectively Lei 0.4075 /share) because the shares of this company were not traded during the last 30 trading days and the valuation based on the adjusted trading price published by Reuters is considered to reflect better the fair value of this holding than its shareholders' equity per share (respectively Lei 0.0173 /share). The total impact of this change of valuation method on the Fund's NAV was a decrease of Lei 111,446.60.
Romplumb SAFor this holding, the valuation method has been changed from Valued at zero (judicial re- organisation) to Valued at zero (Bankruptcy) due to the fact that on 15 September 2017, Maramures Court of Law decided the starting of the general bankruptcy procedure for this company. This change of valuation method did not have any impact on the Fund's NAV.
Franklin Templeton Investment Management Ltd United Kingdom Bucharest Branch, acting as Investment Manager of FONDUL PROPRIETATEA S.A.
Oana Truta Marius Nechifor
Legal representative Compliance Officer
[English translation of the original report in Romanian - for information purposes only]FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Register on Data Protection Notification Register under number 18668 • Subscribed share capital RON 5,238,521,987.92, Paid-up Share Capital: RON 5,049,339,565.92 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro
Fondul Proprietatea SA published this content on 13 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2017 05:19:02 UTC.
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