SIF MOLDOVA S.A.


BVB TICKER:  SIF2

 Address:  BACAU, jud. BACAU, str. Pictor Aman nr.94C

 Phone: +40 234576740

www.sifm.ro

 Date: 26.07.2007 


About the company

SIF Moldova SA is an entirely private and self-managed closed-end fund. Successor of the Private Ownership Fund II Moldova, the Fund manages its own portfolio, which is made up of stocks in approximately 351 Romanian companies. These companies are active in such industries as chemicals, finance and banking, machine building, agribusiness, textiles, metallurgy and others. SIF Moldova has 10 branches.

The holding limit for an individual investor or a group is 1% of outstanding shares.

History

1996 - SIF Moldova was established as a joint stock company in accordance with Law no.133/1996 regarding the turn of Private Ownership Funds into investment companies, being the successor of Private Ownership Fund II.

1999 - National Securities Commission – Decision no. 1902 / Aug. 30, 1999 of permanent authorization. Securities Registry – Registration Certificate no. 418 / Sep 7, 1999; The shares are listed at the Bucharest Stock Exchange in the 1st tier, beginning Nov 01 1999.

 

2005 - National Securities Commission - Attestation no. 257 / Dec 14, 2005 – registration of FIC Moldova in NSC Registry at no. PJR09SIIR / 040001. National Securities Commission - Attestation no. 258 / Dec 14, 2005 – inclusion of FIC Moldova in the Association of Collective Investment Organizations (Association of Collective Investment Organizations) category with a diversified investment policy.

Total No. of Shares

519,089,588

Nominal Value

0.1000

Share Capital

51,908,958.80

 

Annual financial information (Key financials)

 

2006(RON)

2005(RON)

2004(RON)*

 Fixed assets - Total  

  330,447,304.00

  1,048,829,286.00

  649,190,136.70

 Current assets - Total  

  68,958,365.00

  25,292,909.00

  6,042,973.20

 

 

 

 

 Debtors - due within one year  

  29,460,175.00

  31,719,270.00

  18,659,027.40

 Current assets / Net current liabilities  

  39,604,447.00

  -8,107,601.00

  -12,828,328.60

 Total assets less current liabilities  

  370,051,751.00

  1,040,721,685.00

  636,361,808.10

 Debtors - due after more than one year  

  0.00

  145,036,774.00

  60,340,142.30

 Revenues in advance  

  -

  1,729,894.00

  257,974.70

 

 

 

 

 Subscribed paid up capital  

  51,908,959.00

  51,908,959.00

  51,908,958.80

 Shareholders equity - Total  

  308,341,229.00

  857,064,633.00

  537,805,877.60

 

 

 

 

 Total receivables  

  60,655,083.00

  19,576,918.00

  2,620,843.10

 Total liabilities  

  29,460,175.00

  176,756,044.00

  78,999,169.70

 

 

 

 

 Revenues from current activity - Total  

  151,022,844.00

  90,559,196.00

  74,849,361.00

 Expenses from current activity - Total  

  97,698,428.00

  37,042,254.00

  21,911,106.00

 Result from current activity  

  -

  53,516,942.00

  52,938,255.00

 

 

 

 

 Revenues from extraordinary activity  

  0.00

  0.00

  -

 Expenses for extraordinary activity  

  0.00

  0.00

  -

 Result for extraordinary activity  

  0.00

  0.00

  -

 

 

 

 

 Total revenues  

  151,022,844.00

  90,559,196.00

  74,849,361.00

 Total expenses  

  97,698,428.00

  37,042,254.00

  21,911,106.00

 

 

 

 

 Gross result  

  53,324,416.00

  53,516,942.00

  52,938,255.00

 Net result  

  48,341,224.00

  48,585,105.00

  45,745,894.60

 Result per share  

  -

  0.0936

  0.0846

 

 

 

 

 Back payments - Total  

  11,236,615.00

  -

  -

 Back payments for suppliers - Total  

  0.00

  -

  -

 Back payments of liabilities to the social insurance budget  

  0.00

  -

  -

 Taxes which are not paid to the State budget upon payment date  

  0.00

  -

  -

 

 

 

 

 Average number of employees (only full time employees)  

  110

  -

  113