Societatea de Investi?ii Financiare Banat Cri?ana S A : Net Asset Statement 1H 2023

STATEMENT OF

Annex 10

Lion Capital S.A. assets and liabilities

as per Reg. 7/2020

AIFRI established by a constitutive act

30/06/2023

ITEM

VALUE [RON]

1

Intangible assets

48,957

2

Tangible assets

3,583,371

3

Investment property

12,963,376

4

Biological assets

-

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

352,303

6

Financial assets

3,313,891,501

6.1 Financial assets measured at amortized cost

-

6.2 Financial assets measured at fair value through profit and loss

1,631,558,657

6.2.1

Shares

1,212,751,365

6.2.1.1 Admitted to trading on a trading venue

884,727,376

6.2.1.2.1

in Romania

884,727,376

6.2.1.2.1.1

Traded in the last 30 trading days

387,379,338

6.2.1.2.1.2

Not traded in the last 30 trading days

497,348,037

6.2.1.2.2

in a Member State

-

6.2.1.2.3

in a third country

-

6.2.1.2

Not admitted to trading

328,023,989

6.2.1.2.1

in Romania

328,023,989

6.2.1.2.2

in a Member State

-

6.2.1.2.3

in a third country

-

6.2.2

Corporate

bonds

37,467,070

6.2.2.1 Admitted to trading on a trading venue

37,467,070

6.2.2.1.1

in Romania

37,467,070

6.2.2.2.1.1

Traded in the last 30 trading days

-

6.2.2.2.1.2

Not traded in the last 30 trading days

37,467,070

6.2.2.1.2

in a Member State

-

6.2.2.1.3

in a third country

-

6.2.2.2

Not admitted to trading

-

6.2.3

Securities of AIF / UCITS

381,340,222

6.2.3.1

Shares

-

6.2.3.2

Fund units

381,340,222

6.2.3.2.1

Admitted to trading on a trading venue

-

6.2.3.2.2

Not admitted to trading

381,340,222

6.2.3.2.2.1

in Romania

345,926,002

6.2.3.2.2.2

in a Member State

-

6.2.3.2.2.3

in a third country

35,414,220

6.3 Financial assets measured

at fair value through other comprehensive income

1,682,332,844

6.3.1

Shares

1,452,348,778

6.3.1.1 Addmitted to trading on a trading venue

1,306,127,126

6.3.1.2.1

in Romania

1,190,438,636

6.3.1.2.1.1

Traded in the last 30 trading days

1,189,959,692

6.3.1.2.1.2

Not traded in the last 30 trading days

478,945

6.3.1.2.2

in a Member State

115,688,490

6.3.1.2.2.1

Traded in the last 30 trading days

115,688,490

6.3.1.2.2.2

Not traded in the last 30 trading days

-

6.3.1.2.3

in a third country

6.1.1.2.3.1

Traded in the last 30 trading days

6.1.1.2.3.2

Not traded in the last 30 trading days

6.3.1.2 Not admitted to trading

146,221,652

6.3.1.2.1

in Romania

146,221,652

6.3.1.2.2

in a Member State

6.3.1.2.3

in a third country

6.3.2

Corporate

bonds

-

6.3.2.1 Admitted to trading on a trading venue

-

6.3.2.1.1

in Romania

-

6.3.2.2.1.1

Traded in the last 30 trading days

-

6.3.2.2.1.2

Not traded in the last 30 trading days

-

6.3.2.1.2

in a Member State

-

6.3.2.1.3

in a third country

-

6.3.2.2

Not admitted to trading

-

6.3.3

Securities of AIF / UCITS

229,984,066

6.3.3.1

Shares

229,984,066

6.3.3.1

Admitted to trading on a trading venue

229,984,066

6.3.3.1.1

in Romania

229,984,066

6.3.3.1.1.1

Traded in the last 30 trading days

229,984,066

6.3.3.1.1.2

Not traded in the last 30 trading days

-

6.3.3.2.2

in a Member State

6.3.3.2.3

in a third country

6.3.3.2

Not admitted to trading

-

6.3.3.2

Fund units

-

7 Cash available

(cash and cash equivalent)

68,953,893

8

Bank deposits

137,002,496

9

Other assets:

78,573,849

9.1 Dividends or other receivables

1,605,411

9.2

Other assets

76,968,438

9.2.1

Loans granted subsidiaries

76,199,074

10

Accrued expenses

183,072

11

Total assets

3,615,552,818

12

Total liabilities

159,682,900

12.1 Financial liabilities measured at amortized cost

14,342,994

12.2 Deferred income tax liabilities

145,339,906

12.3

Other liabilities

-

13 Provisions for risks and expenses

-

14

Deferred income

10,454

15

Equity, of which:

3,458,660,877

15.1

Share capital

50,751,006

15.2 Items treated as equity

632,757,735

15.3 Other components of equity

817,832,628

15.4 Premium related to capital

-

15.5

Revaluation reserves

1,176,569

15.6

Reserves

3,669,906,839

15.7

Treasury shares*

-2,526,773

15.8

Retained earnings

701,744,124

15.9 Retained earnings first-time adoption of IAS 29 (debtor account)

-2,527,669,558

15.10 Result for the period

114,688,307

16

Net Asset Value

3,455,859,463

17 Number of outstanding shares**

506,520,056

18 Net Asset Value per Share

6.8227

19 Number of companies in the portfolio, of which:

79

19.1 Companies admitted to trading on an EU trading venue

26

19.2 Companies admitted to trading on a stock exchange in a third country

-

19.3 Companies not admitted to trading

53

Lion Capital S.A.

Depositary bank

Banca Comercială Română

Tax

No. of shares

No./date of

No.

Name of the issuer

Indentification

Symbol

RON / share

Total value

Valuation method

held

valuation report

Code

Companies not admitted to trading where LC's stake is> 33% of the share capital

1

AZUGA TURISM

28330211

786,882

369/24.02.2023

22.3800

17,610,419

income approach, discounted cash

flow method

2

NAPOMAR

199176

10,256,241

366/24.02.2023

3.0549

31,331,791

income approach, discounted cash

flow method

3

SAI MUNTENIA INVEST

9415761

119,976

367/24.02.2023

741.0000

88,902,216

income approach, discounted cash

flow method

4

SIF SPV TWO

40094500

119,988

375/27.02.2023

98.5248

11,821,794

asset approach, corrected Net Asset

method

5

Administrare Imobiliare SA

20919450

16,049,741

371/24.02.2023

2.9787

47,807,364

asset approach, corrected Net Asset

method

6

SIF1 IMGB

380430

199,993

1067/11.05.2023

1336.3467

267,259,986

asset approach, corrected Net Asset

method

Companies

admitted to trading with irrelevant liquidity for the application of the mark to market valuation method (according to Art.114 par. (4) of Reg.9 / 2014)

7

SIF Imobiliare PLC

HE323682

SIFI

4,499,961

374/27.02.2023

81.8680

368,402,807

asset approach, corrected Net Asset

method

8

SIF Hoteluri

56150

CAOR

31,820,906

368/24.02.2023

2.6598

84,637,246

income approach, discounted cash

flow method

9

IAMU

1766830

IAMU

7,286,299

365/24.02.2023

6.0810

44,307,984

income approach, discounted cash

flow method

Leverage and exposure calculated in accordance with the provisions of Regulation (EU) no. 231/2013

Method for calculating AIFRI

Exposure value

Leverage

exposure

(RON)

(%)

Gross method

3,318,239,508

96.02%

Commitment method

3,455,859,463

1

Certification of Depositary Bank,

Lion Capital S.A.

Banca Comercialã Românã

DETAILED STATEMENT OF LION CAPITAL'S INVESTMENTS as of 30.06.2023

ANNEX 11

Table 1

Beginning of the reporting period [31.05.2023]

End of the reporting period [30.06.2023]

% of net

% of total

% of net

% of total

Differences

ITEM

Currency

RON

Currency

RON

(RON)

asset

assets

asset

assets

I

Total assets

104.33

100.00

177,061,822

3,356,074,587

104.62

100.00

184,024,923

3,431,527,895

82,416,409

1

Securities and money market instruments, of which:

63.75

61.10

120,343,834

2,038,517,245

64.48

61.63

115,688,490

2,112,633,082

69,460,493

1.1

Securities and money market instruments admitted or traded on a regulated

60.20

57.70

-

2,038,517,245

61.13

58.43

-

2,112,633,082

74,115,837

1.1.1

shares

59.10

56.64

2,001,315,371

60.05

57.40

2,075,166,012

73,850,641

1.1.2

other securities assimilated to these

-

-

-

-

-

-

-

-

0

1.1.3

corporate bonds

1.10

1.05

-

37,201,874

1.08

1.04

-

37,467,070

265,195

1.1.4

other debt securities

-

-

-

-

-

-

-

-

0

1.1.5

other securities

-

-

-

-

-

-

-

-

0

1.1.6

money market instruments

-

-

-

-

-

-

-

-

0

1.2

Securities and money market instruments admitted or traded on a regulated

3.35

3.20

market in a member state

3.55

3.41

120,343,833.60

-

115,688,490

-

-4,655,344

1.2.1

shares

3.55

3.41

120,343,834

-

3.35

3.20

115,688,490

-

-4,655,344

1.2.2

other securities assimilated to these

-

-

-

-

-

-

-

-

0

1.2.3

corporate bonds

-

-

-

-

-

-

-

-

0

1.2.4

other debt securities

-

-

-

-

-

-

-

-

0

1.2.5

other securities

-

-

-

-

-

-

-

-

0

1.2.6

money market instruments

-

-

-

-

-

-

-

-

0

1.3

Securities and money market instruments admitted on a stock exchange in a

third country or negotiated on another regulated market in a third country, that

-

-

-

-

-

-

-

-

0

operates on a regular basis and is recognized and open to the public, approved

by ASF, of which:

2

Newly

issued securities

-

-

-

-

-

-

0

3

Other securities and money market instruments

14.02

13.43

-

474,656,877

13.72

13.12

-

474,245,641

-411,235

4

Bank deposits, of which:

1.26

1.21

-

42,657,853

3.96

3.79

-

137,002,496

94,344,643

4.1

bank deposits with credit institutions in Romania;

1.26

1.21

-

42,657,853

3.96

3.79

-

137,002,496

94,344,643

4.2

bank deposits with credit institutions in a Member State;

-

-

-

-

-

-

-

-

0

4.3

bank deposits with credit institutions in a third country.

-

-

-

-

-

-

-

-

0

5

Derivatives traded on a regulated market

-

-

-

-

-

-

0

6

Current accounts and cash

1.69

1.62

56,717,988

600,330

2.00

1.91

68,336,433

617,460

11,635,575

7

Money market instruments other than those traded on a regulated market, as referred

-

-

-

-

-

-

-

-

0

to in Art. 82(g) of GEO no. 32/2012 - Repo contracts on securities

8

Equity securities of AIF/UCITS (RO: FIA/OPCVM) of which:

18.15

17.40

-

614,784,867

17.69

16.91

-

611,324,288

-3,460,579

8.1

AIF shares

230,758,116

229,984,066

-774,050

8.2

UCITS fund units

384,026,751

381,340,222

-2,686,529

9

Dividends or other rights receivable

1.38

1.32

-

46,566,289

0.05

0.04

-

1,605,411

-44,960,878

10

Other assets (amounts in transit, amounts with distributors, with brokers, etc.).

4.08

3.91

-

138,291,127

2.72

2.60

-

94,099,517

-44,191,610

10.1

Loans granted to subsidiaries

3.55

3.41

120,323,559

2.20

2.11

76,199,074

-44,124,485

II Total

liabilities

4.33

4.15

-

146,724,798

4.62

4.42

-

159,693,354

12,968,556

1

Expenses for the payment of fees due to AIFM

-

-

-

-

-

-

-

-

0

2

Expenses for the payment of fees due to depositary bank

-

-

-

-

-

-

-

-

0

3

Expenses for the payment of fees due to intermediaries

-

-

-

-

-

-

-

-

0

4

Expenses on turnover fees and other banking services

-

-

-

-

-

-

-

-

0

5

Interest expenses

-

-

-

-

-

-

-

-

0

6

Issuance expenses

-

-

-

-

-

-

-

-

0

7

Expenses with the payment of commissions/fees due to ASF

-

-

-

-

-

-

-

-

0

8

Financial audit costs

-

-

-

-

-

-

-

-

0

9

Other approved expenses / liabilities

4.33

4.15

-

146,724,798

4.62

4.42

-

159,693,354

12,968,556

10

Redemptions payable

-

-

-

-

-

-

-

-

0

III

Net Asset Value (I-II)

100.00

95.85

177,061,822

3,209,349,789

100.00

95.58

184,024,923

3,271,834,541

69,447,852

Table 2

Statement of net asset value per share 30.06.2023

RON

ITEM

Current period

Corresponding period of the previous year

Differences

Net Asset Value

3,455,859,463

3,158,634,412

297,225,051

Number of fund units / shares outstanding

506,520,056

507,510,056

-990,000

Net asset value per share

6.8227

6.2238

0.5990