SIF Banat Crisana : Condensed interim consolidated financial statements as at June 30, 2021

SIF Banat-Crișana S.A.

Condensed interim consolidated financial statements

as of June 30, 2021

prepared pursuant to Rule 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 consolidated financial statements

page

Condensed consolidated statement of profit or loss and other comprehensive income	1
Condensed consolidated statement of financial position	2
Condensed consolidated statement of changes in equity	3-4
Condensed consolidated cash flow statement	5
Notes to the condensed consolidated financial statements	6 - 32

SIF Banat-Crișana

Condensed consolidated statement of profit or loss and other comprehensive income for the first semester ended June 30, 2021 (all amounts presented in RON)

Denominated in RON	Note	June 30, 2021	June 30, 2020
Income
Dividend income	7	22,490,675	22,333,278
Interest income (assets at amortized cost, assets FVTOCI)	8	1,401,586	4,145,262
Interest income (assets FVTPL)	8	709,974	1,372,697
Other operating revenues	9	15,448,909	10,676,878
Gan/(Loss) on investment
Gain/(Loss) from investment property	19	874	2,466,217
Net gain/(Loss) from exchange rate differences		622,712	1,340,878
Net Gain / (Loss) from financial assets at fair value through profit and loss	10	207,017,003	(80,695,018)
Expenses
Reversals / (set-up) of provisions for risks and expenses		1,182,595	910,005
Reversals / (set-up) of adjustments for impairment of current assets		(35,324)	7,551
Interest expenses		(216,533)	(204,745)
Commissions expenses	11	(2,783,101)	(1,545,842)
Other operating expenses	12	(15,104,817)	(14,013,041)
Profit / (Loss) before tax
	230,734,552	(53,205,880)
Income tax	13	(12,577,534)	(1,140,909)

Net profit / (Loss) for the period

Profit / (Loss) is attributed to:

Parent company

Non-controlling interests

Other comprehensive income

Items that are or may be transferred to profit or loss

Amounts that may be transferred to profit or loss (debt instruments) Amounts transferred to profit or loss

Items that are or may be transferred to retained earnings

Change in fair value of the shares measured by other comprehensive income Effect of the income tax related to them

Other comprehensive income

Total comprehensive income for the period

Earnings per share

Basic

Diluted

218,157,019 (54,346,788)

218,155,431 (54,347,620)

1,588832

8,512 (190,767)

241,812,760 (305,730,644)

(37,699,100) 47,227,865

204,122,171 (258,693,546)

422,279,190 (313,040,334)

0.4238 (0.106)

0.4238 (0.106)

The condensed interim consolidated financial statements were approved by the Board of Directors on September 29, 2021, and were signed on its behalf by:

Radu-Răzvan Străuț	Dorel Baba
Vice-Chairman, Deputy General Director	Financial Reporting Manager

1

SIF Banat-Crișana

Condensed consolidated statement of financial position

for the first semester ended June 30, 2021 (all amounts presented in RON)

Denominated in RON	Note	June 30, 2021	December 31, 2020
Assets
Cash and cash equivalents	14	317,366,247	187,639,649
Bank deposits	15	10,064,969	5,453,621
Financial assets at fair value through other comprehensive income (bonds)	17	5,180,369	5,111,504
Other financial assets	18	15,806,696	9,254,479
Other assets		372,328	257,796
Assets held for sale	20	45,718,704	43,727,212
Financial assets at fair value through profit or loss	16	1,590,139,485	1,394,390,716
Financial assets at fair value through other comprehensive income (shares)	17	1,340,656,047	1,210,525,841
Investment property	19	27,746,803	28,498,134
Tangible assets (property, plant, and equipment)		5,773,343	6,032,529
Total assets		3,358,824,991	2,890,891,482
Liabilities
Current income tax liability		15,772,518	143,012
Other financial liabilities	21	39,119,794	39,296,691
Other accrued liabilities and deferred income		20,083	26,797
Borrowings	22	15,654,663	15,534,842
Leasing liabilities		39,631	49,965
Provisions for risks and expenses		998,415	2,181,010
Deferred income tax liabilities	23	176,227,721	146,892,044
Total liabilities		247,832,825	204,124,360
Equity
Statutory share capital	24	51,542,236	51,542,236
Treasury (own) shares	24	-	(2,199,867)
Losses from the repurchase of own shares		-	(40,659)
Benefits granted in equity instruments		1,573,730	1,867,063
Retained earnings	24	924,939,136	740,422,170
Other reserves	24	1,249,578,037	1,157,455,631
Reserves from revaluation of tangible assets		1,176,569	1,176,569
Legal reserves		10,568,848	10,568,848
Reserves from revaluation of financial assets designated FVTOCI	24	871,598,555	725,960,324
Total		3,110,977,111	2,686,752,316
Non-controlling interests		15,055	14,807
Total equity		3,110,992,166	2,686,767,122
Total liabilities and equity		3,358,824,991	2,890,891,482

The condensed interim consolidated financial statements were approved by the Board of Directors on September 29, 2021, and were signed on its behalf by:

Radu-Răzvan Străuț	Dorel Baba
Vice-Chairman, Deputy General Director	Financial Reporting Manager

2

SIF Banat-Crișana

Condensed consolidated statement of changes in equity

for the first semester ended June 30, 2021 (all amounts presented in RON)

in RON

Share capital

Treasury

Losses from

Legal

Reserves from

Reserves

Other reserves

Benefits

Accumulated

Total equity (own

Non-controlling

Total

(own) shares

repurchase

reserves

change of financial

from

granted in

profit

capital)

interests

of own

assets through

revaluation

equity

shares

other

of fixed

instruments

comprehensive

assets

income

Balance on January 1, 2021 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 the reserve related to subsidiaries

Dividends payable for 2020 Dividends written-off Change in benefits granted Cancellation of own shares

Total transactions with shareholders recognized directly in equity

51,542,237	(2,199,867)	(40,659)	10,568,848	725,960,323	1,176,569	1,157,455,630	1,867,063	740,422,171	2,686,752,315	14,806	2,686,767,122
-	-	-	-	-	-	-	-	218,155,431	218,155,431	1,588	218,157,019

	(66,024,395)				66,024,395	-		-
	241,822,894					241,822,894		241,822,894
	(30,160,266)				(7,540,455)	(37,700,722)		(37,700,722)
	145,638,232	-	-		276,639,371	422,277,603	1,588	422,279,191
			92,122,406		(92,122,406)
							(1,340)	(1,340)
2,199,867	40,659			(293,333)		1,947,193		1,947,193
2,199,867	40,659		92,122,406	(293,333)	(92,122,406)	1,947,193	(1,340)	1,945,852

Balance on June 30, 2021	51,542,237	-	-	10,568,848	871,598,555	1,176,569	1,249,578,036	1,573,730	924,939,136	3,110,977,111	15,055	3,110,992,165

The condensed interim consolidated financial statements were approved by the Board of Directors on September 29, 2021, and were signed on its behalf by:

Radu-Răzvan Străuț	Dorel Baba
Vice-Chairman, Deputy General Director	Financial Reporting Manager

3