Lion Capital S.A.

Condensed interim separate financial statements

as of June 30, 2023

prepared in accordance with Norm no. 39/2015 for the approval of accounting regulations in accordance with the International Financial Reporting Standards applicable to entities authorised, regulated, and supervised by the Financial Supervisory Authority, operating in the Financial Instruments and Investments Sector

unaudited

FREE TRANSLATION

from Romanian, which is the official and binding version

CONTENTS

Condensed interim financial statements

Condensed statement of profit and loss and other comprehensive income

1

Condensed statement of financial position

2

Condensed statement of changes in equity

3 - 4

Condensed cash flow statement

5

Selected explanatory notes to the condensed financial statements

6 - 26

Condensed statement of profit and loss and other comprehensive income as of June 30, 2023

Denominated in RON

Note

June 30, 2023

June 30, 2022

Income

Dividend income

5

56,893,964

127,011,857

Interest income (assets at amortized cost, assets at FVTOCI)

6

670,146

822,903

Interest income (assets at FVTPL)

6

5,693,629

1,970,666

Other operating revenues

79,928

576,969

Gain/(Loss) on investment

Gain/(Loss) on investment property

-

Gain/(Loss) on foreign exchange differences

676,463

(296,296)

Gain/(Loss) on financial assets at FVTPL

7

70,276,080

(99,005,511)

Expenses

Commissions expenses

8

(2,304,198)

(2,146,620)

Other operating expenses

9

(8,264,290)

(7,474,916)

Profit/(Loss) before tax

123,721,722

21,459,052

Income tax

10

(5,427,383)

(9,077,130)

Net profit/(loss) for the period

118,294,339

12,381,922

Other comprehensive income

Items that are or could be transferred to profit and loss

Amounts that could be transferred to profit and loss (debt instruments)

-

(58,049)

Items that are or could be transferred to retained earnings

Change of fair value related to financial assets measured through OCI

103,613,508

(278,606,181)

Effect of income tax

(15,701,241)

43,897,028

Other comprehensive income

87,912,267

(234,767,202)

Total comprehensive income for the period

206,206,606

(222,385,280)

Earnings per share

Basic

0.2334

0.0244

Diluted

0.2334

0.0244

The condensed interim financial statements were approved by the Board of Directors on August 31, 2023, and were signed on its behalf by:

Bogdan-Alexandru Drăgoi

Bogdan-Victor Dușu

Chairman and CEO

CFO

1

Condensed statement of financial position as of June 30, 2023

Denominated in RON

Note

June 30, 2023

December 31, 2022

Assets

Cash and cash equivalents

11

205,957,465

26,615,152

Other financial assets

14

4,985,813

12,834,480

Other assets

232,029

328,155

Financial assets at fair value through profit and loss (FVTPL)

12

1,712,942,247

1,723,810,844

Financial assets at fair value through other comprehensive income (FVTOCI) (shares)

13

1,664,133,630

1,624,523,020

Assets representing rights to use the underlying assets under leasing contract

352,302

476,645

Investment property

15

12,963,376

12,963,376

Tangible assets (items of property, plant, and equipment)

3,579,171

3,711,480

Total assets

3,605,146,033

3,405,263,152

Liabilities

Payable dividends

9,956,746

10,042,310

Other financial liabilities

16

3,937,520

15,038,374

Other deferred liabilities and revenues

10,454

251,682

Liabilities on leasing contract

397,224

530,880

Liability on deferred income tax

17

145,503,108

136,546,721

Total liabilities

159,805,052

162,409,967

Equity (own capital)

Share capital

18

50,751,006

50,751,006

Treasury shares

18

(2,494,800)

-

Losses from the share buyback

(31,973)

-

Benefits granted in equity instruments

808,500

2,000,537

Other reserves

18

1,699,567,035

1,604,099,887

Reserves from the revaluation of tangible assets

1,176,569

1,176,569

Legal reserves

18

10,150,201

10,150,201

Reserves from revaluation of financial assets designated at FVTOCI

13, 18

800,101,765

741,827,359

Retained earnings

18

885,312,678

832,847,626

Total equity (own capital)

3,445,340,981

3,242,853,185

Total liabilities and equity

3,605,146,033

3,405,263,152

The condensed interim financial statements were approved by the Board of Directors on August 31, 2023, and were signed on its behalf by:

Bogdan-Alexandru Drăgoi

Bogdan-Victor Dușu

Chairman and CEO

CFO

2

Condensed Statement of Changes in Equity as of June 30, 2023

Denominated in RON

Balance on January 1, 2023

Profit/(Loss) for the period Reserve from revaluation of financial assets transferred to profit and loss

Reserve from revaluation of financial assets transferred to retained earnings

Change in reserve

Revaluation of tangible assets Related deferred tax

Total comprehensive income for the period

Other reserves - own sources Change of granted benefits

Share buyback

Total transactions with shareholders recognized directly in equity

Balance on June 30, 2023

Share

Treasury

Losses on

Legal

Reserves from

Reserves from

Benefits

Other

Retained

Total

capital

shares

share

reserves

the revaluation of

revaluation of

granted in

reserves

earnings

buyback

financial assets at

tangible assets

equity

fair value through

instruments

other

comprehensive

income

50,751,006

-

-

10,150,201

741,827,359

1,176,569

2,000,537

1,604,099,887

832,847,626

3,242,853,185

-

-

-

-

-

-

-

-

118,294,339

118,294,339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(35,977,528)

-

-

-

35,977,528

-

-

-

-

-

103,613,508

-

-

-

103,613,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(9,361,573)

-

-

-

(6,339,668)

(15,701,241)

-

-

-

-

58,274,406

-

-

-

147,932,200

206,206,606

-

-

-

-

-

-

-

95,467,148

(95,467,148)

-

-

2,217,600

28,420

-

-

-

(1,192,037)

-

-

1,053,983

-

(4,712,400)

(60,393)

-

-

-

-

-

-

(4,772,793)

-

(2,494,800)

(31,973)

-

-

-

(1,192,037)

95,467,148

(95,467,148)

(3,718,810)

50,751,006

(2,494,800)

(31,973)

10,150,201

800,101,765

1,176,569

808,500

1,699,567,035

885,312,678

3,445,340,981

The condensed interim financial statements were approved by the Board of Directors on August 31, 2023, and were signed on its behalf by:

Bogdan-Alexandru Drăgoi

Bogdan-Victor Dușu

Chairman and CEO

CFO

3

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Disclaimer

Lion Capital SA published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 15:09:06 UTC.