SIF Banat Crisana : Net asset statement H1 2022

						STATEMENT OF	Annex 10
						SIF Banat-Crișana assets and liabilities	as per Reg. 7/2020
						AIFRI established by a constitutive act
						30.06.2022
		ITEM					VALUE [RON]
1	Intangible assets				2,398
2	Tangible assets				3,706,505
3	Investment property				12,953,334
4	Biological assets				-
5 Assets representing rights to use the underlying assets in a leasing contract	600,987
6	Financial assets				3,086,723,390
	6.1 Financial assets measured at amortized cost	-
	6.2 Financial assets measured at fair value through profit and loss	1,563,168,032
		6.2.1	Shares				1,144,996,993
			6.2.1.1 Admitted to trading on a trading venue	820,465,577
				6.2.1.2.1	in Romania		820,465,577
					6.2.1.2.1.1	Traded in the last 30 trading days	365,677,136
					6.2.1.2.1.2	Not traded in the last 30 trading days	454,788,442
				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		324,531,416
				6.2.1.2.1	in Romania		324,531,416
				6.2.1.2.2	in a Member State	-
				6.2.1.2.3	in a third country	-
		6.2.2	Corporate bonds			37,330,340
			6.2.2.1 Admitted to trading on a trading venue	37,330,340
				6.2.2.1.1	in Romania		37,330,340
					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	37,330,340
				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		380,840,699
			6.2.3.1	Shares			-
			6.2.3.2	Fund units		380,840,699
				6.2.3.2.1	Admitted to trading on a trading venue	-
				6.2.3.2.2	Not admitted to trading	380,840,699
					6.2.3.2.2.1	in Romania	343,121,559
					6.2.3.2.2.2	in a Member State	-
					6.2.3.2.2.3	in a third country	37,719,140
	6.3 Financial assets measured at fair value through other comprehensive income	1,523,555,358
		6.3.1	Shares				1,298,993,953
			6.3.1.1 Addmitted to trading on a trading venue	1,157,214,077
				6.3.1.2.1	in Romania		1,037,535,397
					6.3.1.2.1.1	Traded in the last 30 trading days	1,034,123,684
					6.3.1.2.1.2	Not traded in the last 30 trading days	3,411,713
				6.3.1.2.2	in a Member State	119,678,680
					6.3.1.2.2.1	Traded in the last 30 trading days	119,678,680
					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		141,779,876
				6.3.1.2.1	in Romania		141,779,876
				6.3.1.2.2	in a Member State
				6.3.1.2.3	in a third country
		6.3.2	Corporate bonds			5,201,668
			6.3.2.1 Admitted to trading on a trading venue	5,201,668
				6.3.2.1.1	in Romania		5,201,668
					6.3.2.2.1.1	Traded in the last 30 trading days	5,201,668
					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		219,359,736
			6.3.3.1	Shares			219,359,736
				6.3.3.1	Admitted to trading on a trading venue	219,359,736
					6.3.3.1.1	in Romania	219,359,736
					6.3.3.1.1.1 Traded in the last 30 trading days	219,359,736
					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)		129,814,200
8	Bank deposits					116,423,099
9	Other assets:					8,319,903
	9.1 Dividends or other receivables		1,137,528
	9.2	Other assets				7,182,375
10	Accrued expenses				182,941
11	Total assets					3,358,726,758
12	Total liabilities					199,584,913
	12.1 Financial liabilities measured at amortized cost	63,345,423
	12.2 Deferred income tax liabilities		136,239,490
	12.3	Other liabilities				-
13 Provisions for risks and expenses			-
14	Deferred income				507,433
15	Equity, of which:				3,166,562,599
	15.1	Share capital				51,542,236
	15.2 Items treated as equity			642,622,709
	15.3 Other components of equity			758,509,090
	15.4 Premium related to capital			-
	15.5	Revaluation reserves			1,176,569
	15.6	Reserves				3,576,626,588
	15.7	Treasury shares				-21,694,227
	15.8	Retained earnings				690,964,646
	15.9 Retained earnings first-time adoption of IAS 29 (debtor account)	-2,537,534,532
	15.10 Result for the period			4,349,520
16	Net Asset Value				3,158,634,412
17 Number of issued shares			507,510,056
18 Net Asset Value per Share			6.2238
19 Number of companies in the portfolio, of which:	94
	19.1 Companies admitted to trading on an EU trading venue	32
	19.2 Companies admitted to trading on a stock exchange in a third country	-
	19.3 Companies not admitted to trading		62

NOTE

• Value of treasury shares, repurchased in the Public Tender Offer carried out between September 29 - October 12, 2021
• Pursuant to Art.123, par. (3) of the ASF Regulation no. 9/2014, on the calculation of NAV, this item represents:

"The total number of issued and outstanding shares, less treasury stock"

based on which the NAV per share is calculated. At the date of this report, out of the 515,422,363 shares issued, the company, holds 7,912,307 treasury shares, repurchased in the PTO carried out between September 29 - October 12, 2021

This statement is provided as a free translation from Romanian, which is the official and binding version

SIF Banat-Crișana	Depositary bank
	Banca Comercială Română

ANNEX - according to art.38 par. (4) of Law 243/2019

Assets in SIF Banat-Crișana portfolio evaluated using valuation methods in accordance with International Valuation Standards as of 30.06.2022

		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 SIF BC stake is> 33% of the share capital
1	AZUGA TURISM	28330211		786,882	629/09.03.2022	19.1600	15,076,659	income approach, discounted cash
								flow method
2	NAPOMAR	199176		10,256,241	630/09.03.2022	1.0442	10,709,567	income approach, discounted cash
								flow method
3	CENTRAL	199230		53,120	631/09.03.2022	769.6009	40,881,200	income approach, discounted cash
								flow method
4	SAI MUNTENIA INVEST	9415761		119,976	632/09.03.2022	740.2500	88,812,234	income approach, discounted cash
								flow method
5	SIF SPV TWO	40094500		119,988	633/09.03.2022	0.4675	56,094	asset approach, corrected Net Asset
								method
6	Administrare Imobiliare SA	20919450		16,049,741	634/09.03.2022	2.6425	42,411,441	asset approach, corrected Net Asset
								method
7	SIF1 IMGB	380430		301,078,647	636/09.03.2022	0.8025	241,615,614	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)
8	SIF Imobiliare PLC	HE323682	SIFI	4,499,961	635/09.03.2022	77.0131	346,555,946	asset approach, corrected Net Asset
method
9	SIF Hoteluri	56150	CAOR	31,820,906	637/09.03.2022	2.1111	67,177,115	income approach, discounted cash
flow method
10	IAMU	1766830	IAMU	7,286,299	628/09.03.2022	5.6346	41,055,380	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	3,041,784,743	96.3
	Commitment method	3,158,634,412	100
								Certification of Depositary Bank,
	SIF Banat-Crișana							Banca Comercialã Românã

				DETAILED STATEMENT OF INVESTMENTS SIF BANAT-CRIȘANA as of 30.06.2022					ANNEX 11
													Table 1
					Beginning of the reporting period [31.05.2022]	End of the reporting period [30.06.2022]
						% of total			% of net	% of total			Differences
				ITEM	% of net asset	Currency	RON	Currency	RON	(RON)
				assets	asset	assets
I	Total assets		106.71	100.00	277,896,257	3,155,758,487	106.33	100.00	254,267,979	3,104,458,779	-74,927,986
	1	Securities and money market instruments, of which:	67.15	62.93	148,719,853	2,012,146,554	63.96	60.15	124,880,348	1,895,331,315	-140,654,744
		1.1	Securities and money market instruments admitted or traded on a regulated	62.70	58.76	5,323,423	2,012,146,554	60.17	56.58	5,201,668	1,895,331,315	-116,936,994
			1.1.1	shares	61.38	57.52		1,975,020,187	58.82	55.32		1,858,000,974	-117,019,213
			1.1.2	other securities assimilated to these	-	-	-	-	-	-	-	-	0
			1.1.3	corporate bonds	1.32	1.24	5,323,423	37,126,367	1.35	1.27	5,201,668	37,330,340	82,218
			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					3.79	3.56
			market in a member state	4.46	4.18	143,396,430.00	-	119,678,680	-	-23,717,750
			1.2.1	shares	4.46	4.18	143,396,430	-	3.79	3.56	119,678,680	-	-23,717,750
			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,	-	-	-	-	-	-	-	-	0
			that 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	14.49	13.58	-	466,283,629	14.76	13.88	-	466,311,292	27,663
	4	Bank deposits, of which:	1.65	1.55	-	53,198,844	3.69	3.47	-	116,423,099	63,224,255
		4.1	bank deposits with credit institutions in Romania;	1.65	1.55	-	53,198,844	3.69	3.47	-	116,423,099	63,224,255
		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	4.02	3.77	129,176,404	284,354	4.11	3.86	129,387,631	426,570	353,442
	7	Money market instruments other than those traded on a regulated market, as	-	-	-	-	-	-	-	-	0
		referred 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:	17.78	16.66	-	571,967,086	19.00	17.87	-	600,200,435	28,233,349
		8.1	AIF shares				193,229,376				219,359,736	26,130,360
		8.2	UCITS fund units				378,737,710				380,840,699	2,102,989
	9	Dividends or other rights receivable	0.87	0.81	-	27,969,519	0.04	0.03	-	1,137,528	-26,831,991
	10	Other assets (amounts in transit, amounts with distributors, with brokers, etc.).	0.74	0.70	-	23,908,500	0.78	0.73	-	24,628,541	720,040
II Total liabilities		6.71	6.29	-	215,838,747	6.33	5.96	-	200,092,346	-15,746,401
	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	6.71	6.29	-	215,838,747	6.33	5.96	-	200,092,346	-15,746,401
	10	Redemptions payable	-	-	-	-	-	-	-	-	0
III	Net	Asset Value (I-II)	100.00	93.71	277,896,257	2,939,919,740	100.00	94.04	254,267,979	2,904,366,433	-59,181,585

					Table 2
	Statement of net asset value per share 30.06.2022
					RON
ITEM		Current period		Corresponding period of the previous year*	Differences
Net Asset Value		3,158,634,412		3,308,207,070	-149,572,658
Number of fund units / shares outstanding		507,510,056		515,422,363	-7,912,307
Net asset value per share		6.2238		6.4184	-0.1946

* value calculated acc. to ASF Reg. 15/2004

									Table 3
			DETAILED STATEMENT OF INVESTMENTS AS OF 30.06.2022
	I. Securities admited or traded on a regulated market in Romania
	1. Shares traded in the last 30 trading days (working days)
No.	Issuer	Symbol	Date of last trading	No. of shares held	Nominal	Value of	Total value	Stake of issuer's	Weight in AIFRI
			session		value	share		share capital	total assets
					RON	RON	RON	%	%
1	BANCA TRANSILVANIA	TLV	30.06.2022	301,485,932	1.00	2.2300	672,313,628	4.7768	20.02
2	BIOFARM	BIO	30.06.2022	362,096,587	0.10	0.5840	211,464,407	36.7471	6.30
3	BRD - GROUPE SOCIETE	BRD	30.06.2022	13,615,497	1.00	12.6200	171,827,572	1.9537	5.12
4	VRANCART	VNC	30.06.2022	908,612,549	0.10	0.1685	153,101,215	75.5047	4.56
5	OMV PETROM	SNP	30.06.2022	195,865,800	0.10	0.4875	95,484,578	0.3458	2.84
6	CONPET	COTE	30.06.2022	562,740	3.30	68.6000	38,603,964	6.5000	1.15
7	COMPANIA HOTELIERA	RCHI	21.06.2022	113,934,583	0.10	0.1500	17,090,187	13.6687	0.51
	BURSA DE VALORI	BVB	30.06.2022	410,637	10.00	28.0000	11,497,836	5.1016	0.34
8	BUCURESTI
9	IMPACT DEVELOPER &	IMP	30.06.2022	15,500,000	0.25	0.6460	10,013,000	0.9342	0.30
10	ANTIBIOTICE	ATB	29.06.2022	14,167,736	0.10	0.5340	7,565,571	2.1104	0.23
11	ARGUS	UARG	30.06.2022	1,790,432	1.50	1.7200	3,079,543	5.0039	0.09
12	SATURN	SATU	16.06.2022	346,926	2.50	5.4500	1,890,747	17.5385	0.06
13	COMELF	CMF	30.06.2022	1,211,907	0.58	1.5400	1,866,337	5.3919	0.06
14	SIFI CJ LOGISTIC	CACU	30.06.2022	54,486	2.50	20.4000	1,111,514	5.5275	0.03
15	PETROCART	PTRC	30.06.2022	11,852,163	0.50	0.0920	1,090,399	30.1767	0.03
16	URBANA	URBA	29.06.2022	13,208	9.20	79.5000	1,050,036	16.5830	0.03
17	UCM	UCM	28.06.2022	1,071,837	0.10	0.7000	750,286	0.9750	0.02
	TOTAL						1,399,800,819.61		41.68
	2. Shares not traded in the last 30 trading days (working) or measured by valuation methods
No.	Issuer	Symbol	Date of last trading	No. of shares held	Nominal	Value of	Total value	Stake of in issuer's	Weight in AIFRI
			session		value	share		share capital	total assets
					RON	RON	RON	%	%
1	SIF IMOBILIARE	SIFI	14.08.2020	4,499,961	4.47	77.0131	346,555,946	99.9997	10.32
2	SIF HOTELURI	CAOR	17.06.2022	31,820,906	2.50	2.1111	67,177,115	98.9997	2.00
3	IAMU	IAMU	10.06.2022	7,286,299	2.50	5.6346	41,055,380	76.6967	1.22
4	ARCELOR MITTAL HUNEDOAR	SIDG	16.05.2022	5,921,324	2.00	0.1474	1,752,120	2.9820
5	ANTECO	ANTE	25.03.2022	7,042,220	2.50	0.2959	1,038,023	17.2036	0.03
6	PRIMACONSTRUCT	PCTM	03.05.2022	90,685	2.50	0.1474	498,178	15.6969
7	INDUSTRIA SARMEI	INSI	18.03.2022	4,604,082	2.50	5.4935	123,389	1.2497	0.00
8	PROFESSIONAL IMO PARTNER	PPLI	10.05.2022	1	1.00	0.0268	3	-
9	ICSH	ICSH	26.03.2012	84,500	2.50	2.8200	0	1.2891	0.00
10	SIFI UNITEH	UNIT	12.08.2020	158,573	2.50	0.0000	0	36.3399	0.00
11	SOMETRA	SOMR	16.11.2021	1,217,602	2.50	0.0000	0	4.5814	0.00
12	TALC DOLOMITA	TALD	09.10.2015	167,108	2.50	0.0000	0	7.8944	0.00
	TOTAL						458,200,155		13.58

1. Shares not traded in the last 30 trading days (working days) for which the financial statements are not obtained within 90 days from the legal date of submission Not the case
2. Preference rights / allocation rights

Not the case

5. Bonds admitted to trading issued or guaranteed by authorities of local public administration / corporate bonds

No..

Issuer

Bond symbol

Date of last trading

No. of bonds held

Date of

Date of

Date of coupon

Initial value

Daily increase

Cummulative

Market price

Total value

Weight in total

Weight in AIFRI

session

acquisition

coupon

maturity

interest

issued bonds

total assets

RON

RON

RON

RON

RON

%

%

1

VRANCART ADJUD

VNC24

31.10.2019

368,748

17-Mar-17

25-Jul-22

24-Jul-22

36,874,800

6,799

455,540

102.00

37,330,340

96.41

1.11

2

IMPACT

IMP22E

24.05.2022

210

19-Dec-17

20-Dec-21

18-Dec-22

5,192,670

818

8,998

100.17

5,201,668

8.39

0.15

TOTAL

42,532,008

1.27

1. Bonds admitted to trading issued or guaranteed by central government authorities Not the case
2. Other securities admited to trading on a regulated market

Not the case

8. Amounts being settled for securities admitted or traded on a regulated market in Romania

				No. of. traded		Stake of issuer's	Weight in AIFRI
Issuer	Type of security	Symbol	Valuer per unit	Total value	share capital/total
securities	total assets
					bonds of a issuer
			RON		RON	%	%
TOTAL					0		-