Bucureşti, Str. S.V. Rahmaninov nr. 46-48, sector 2, cod 020199 Telefon: +40 213 873 210 Fax: +40 213 873 209
Email: sai@munteniainvest.ro www.longshield.ro
ANNOUNCEMENT
In accordance to the Financial Calendar for 2025, Longshield Investment Group SA, through its administrator SAI Muntenia Invest SA, informs the investors that the preliminary financial results for the year 2024 (not audited) will be available as of 28.02.2025, 6 p.m. as follows:
- on the Company's website: www.longshield.ro;
- at the Company's headquarters from strada Serghei Vasilievici Rahmaninov, nr. 46-48, sector 2, Bucureşti.
The preliminary financial results for the year 2024 (not audited) are also available by accessing the link below.
https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=LONG
LONGSHIELD INVESTMENT GROUP SA represented by the Asset Management Company
SAI MUNTENIA INVEST SA
Sergiu MIHAILOV
Deputy General Director
Compliance Officer
Claudia Jianu
LONGSHIELD INVESTMENT GROUP S.A. - SOCIETATE AUTORIZATĂ PRIN AUTORIZAȚIA ASF NR. 151/09.07.2021, ÎNSCRISĂ ÎN REGISTRUL A.S.F. CU NR. PJR09FIAIR/400005/09.07.2021 - CAPITAL SOCIAL: 76.110.584,50 LEI, ÎNREGISTRATĂ LA ORC CU NR. J40/27499/1992, CUI: 3168735, CONT BANCAR: RO59BRDE450SV00951424500 B.R.D. - G.S.G. - COD LEI (LEGAL IDENTITY IDENTIFIER) 2549007DHG4WLBMAAO98 - ADMINISTRATĂ DE S.A.I. MUNTENIA INVEST S.A. - AUTORIZATĂ PRIN DECIZIA C.N.V.M. NR. D 6924/17.07.1997, REAUTORIZATĂ PRIN DECIZIA C.N.V.M. NR. 110/13.01.2004, ÎNSCRISĂ ÎN REGISTRUL A.S.F. CU NR. PJR05SAIR/400006/13.01.2004, AUTORIZATĂ CA ADMINISTRATOR DE FONDURI ALTERNATIVE (A.F.I.A.) CONFORM AUTORIZAȚIEI A.S.F. NR. 152/15.11.2024, ÎNSCRISĂ ÎN REGISTRUL A.S.F. CU NR. PJR08.AFIAA/400002/15.11.2024.
Bucureşti, Str. S.V. Rahmaninov
nr. 46-48, sector 2, cod 020199
Telefon: +40 213 873 210
Fax: +40 213 873 209
Email: sai@munteniainvest.ro
www.longshield.ro
Financial Statements
as at 31 December 2024
Preliminary and unaudited
This English versions is a translation from its Romanian version. In case of any difference between the
Romanian and the English versions, the Romanian version shall prevail.
LONGSHIELD INVESTMENT GROUP S.A. - SOCIETATE AUTORIZATĂ PRIN AUTORIZAȚIA ASF NR. 151/09.07.2021, ÎNSCRISĂ ÎN REGISTRUL A.S.F. CU NR. PJR09FIAIR/400005/09.07.2021 - CAPITAL SOCIAL: 76.110.584,50 LEI, ÎNREGISTRATĂ LA ORC CU NR. J40/27499/1992, CUI: 3168735, CONT BANCAR: RO59BRDE450SV00951424500 B.R.D. - G.S.G. - COD LEI (LEGAL IDENTITY IDENTIFIER) 2549007DHG4WLBMAAO98 - ADMINISTRATĂ DE S.A.I. MUNTENIA INVEST S.A. - AUTORIZATĂ PRIN DECIZIA C.N.V.M. NR. D 6924/17.07.1997, REAUTORIZATĂ PRIN DECIZIA C.N.V.M. NR. 110/13.01.2004, ÎNSCRISĂ ÎN REGISTRUL A.S.F. CU NR. PJR05SAIR/400006/13.01.2004, AUTORIZATĂ CA ADMINISTRATOR DE FONDURI ALTERNATIVE (A.F.I.A.) CONFORM AUTORIZAȚIEI A.S.F. NR. 152/15.11.2024, ÎNSCRISĂ ÎN REGISTRUL A.S.F. CU NR. PJR08.AFIAA/400002/15.11.2024.
Statement of profit or loss and other comprehensive income
for the financial exercise ended 31 December 2024
In LEI | 2024 | 2023 |
Dividend income | 94.182.204 | 82.513.919 |
Interest income calculated using the effective | 8.219.918 | 6.581.063 |
interest method | ||
Other operational income | 7.219 | 12.265 |
Net gain/(Net loss) from foreign exchange | 1.493.419 | (348.116) |
differences | ||
Net gain from financial assets at fair value through | 36.127.258 | 187.959.686 |
profit or loss | ||
Total revenue | 140.030.018 | 276.718.817 |
Management fees | (43.042.727) | (50.226.268) |
Expenses with remuneration of the Board of | (451.854) | (449.905) |
Shareholders Representatives and with staff salaries | ||
Net income from reversal of adjustments for | 1.056.506 | (920.478) |
impairment of assets | ||
Other operational expenses | (5.083.827) | (4.170.567) |
Total operating expenses | (47.521.902) | (55.767.218) |
Profit before tax | 92.508.116 | 220.951.599 |
Profit tax | (5.658.856) | (8.148.578) |
Net profit for the period | 86.849.260 | 212.803.021 |
Other comprehensive income | ||
Items that will not be reclassified to profit or loss | ||
Revaluation at fair value of financial assets at fair | 153.122.182 | 162.769.881 |
value through other comprehensive income, net of | ||
defferred tax | ||
Income tax related to financial assets at fair value | (245.275) | - |
through other comprehensive income | ||
Other comprehensive income | 152.876.907 | 162.769.881 |
Total comprehensive income for the period | 239.726.167 | 375.572.902 |
Earnings per share | ||
Basic | 0,113 | 0,273 |
Diluted | 0,113 | 0,273 |
ADMINISTRATOR, | PREPARED BY, |
SAI MUNTENIA INVEST S.A. | SAI MUNTENIA INVEST S.A. |
Sergiu MIHAILOV | Irina MIHALCEA |
Deputy General Manager | Chief Accountant |
Statement of financial position
as at 31 December 2024
In LEI | 31 decembrie 2024 | 31 decembrie 2023 | |
Restated | |||
Assets | |||
Cash and cash equivalents | 65.414.241 | 46.871.575 | |
Deposits at banks | 106.975.692 | 159.986.022 | |
Financial assets at fair value through profit or loss | 1.165.702.124 | 1.083.470.993 | |
Financial assets at fair value through other | 1.230.669.391 | 1.036.654.658 | |
comprehensive income | |||
Financial assets measured at amortised cost | 1.257.442 | - | |
Other assets | 12.103.419 | 2.708.399 | |
Total assets | 2.582.122.309 | 2.329.691.647 | |
Liabilities | |||
Dividends to be paid | 567.056 | 567.056 | |
Deferred income tax liabilities | 99.360.198 | 71.444.815 | |
Other liabilities | 8.476.877 | 23.687.765 | |
Total liabilities | 108.404.131 | 95.699.636 | |
Equity | |||
Share capital | 833.686.928 | 859.471.059 | |
Own shares | - | (38.175.588) | |
Retained earnings | 1.150.075.221 | 1.068.612.366 | |
Reserves from revaluation of financial assets at | 489.956.029 | 344.084.174 | |
fair value through other comprehensive income | |||
Total equity | 2.473.718.178 | 2.233.992.011 | |
Total liabilities and equity | 2.582.122.309 | 2.329.691.647 | |
ADMINISTRATOR, | PREPARED BY, |
SAI MUNTENIA INVEST S.A. | SAI MUNTENIA INVEST S.A. |
Sergiu MIHAILOV | Irina MIHALCEA |
Deputy General Manager | Chief Accountant |
Statement of changes in equity
for the financial exercise ended 31 December 2023
In LEI | Capital social | Acțiuni proprii | Rezerve din | Rezultat | Total | ||||
reevaluarea activelor | reportat | ||||||||
financiare la valoare | |||||||||
justă prin alte | |||||||||
elemente ale | |||||||||
rezultatului global | |||||||||
Balance as at 31 December 2023 | 859.471.059 | (38.175.588) | 344.084.174 | 1.068.612.366 | 2.233.992.011 | ||||
Comprehensive income | |||||||||
Loss for the financial exercise | - | - | - | 86.849.260 | 86.849.260 | ||||
Other comprehensive income | |||||||||
Revaluation at fair value of financial assets at fair value through | - | - | 153.122.182 | - | 153.122.182 | ||||
other comprehensive income, net of deferred tax*) | |||||||||
Reserve relating to financial assets at fair value through other | - | - | (7.250.327) | 7.250.327 | - | ||||
comprehensive income transferred to retained earnings | |||||||||
Income tax related to financial assets at fair value through other | (245.275) | (245.275) | |||||||
comprehensive income | |||||||||
Total comprehensive income for the period | - | - | 145.871.855 | 93.854.312 | 239.726.167 | ||||
Transactions with the shareholders, recognised directly in | |||||||||
equity | |||||||||
Prescribed dividends | - | - | - | - | - | ||||
Share capital decrease | (25.784.131) | 38.175.588 | - | (12.391.457) | - | ||||
Own shares redeemed | - | - | - | - | - | ||||
Total transactions with the shareholders, recognised directly | (25.784.131) | 38.175.588 | - | (12.391.457) | - | ||||
in equity | |||||||||
Balance as at 31 December 2024 | 833.686.928 | - | 489.956.029 | 1.150.075.221 | 2.473.718.178 | ||||
*) Reserves from the revaluation at fair value of financial assets at fair value through other comprehensive income shall not be re-classified as profit or loss. | |||||||||
ADMINISTRATOR, | PREPARED BY, | ||||||||
SAI MUNTENIA INVEST S.A. | SAI MUNTENIA INVEST S.A. | ||||||||
Sergiu MIHAILOV | Irina MIHALCEA | ||||||||
Deputy General Manager | Chief Accountant |
Statement of changes in equity (continued)
for the financial exercise ended 31 December 2024
In LEI | Capital social | Acțiuni proprii | Rezerve din | Rezultat | Total |
reevaluarea activelor | reportat | ||||
financiare la valoare | Restated | ||||
justă prin alte | Restated | ||||
elemente ale | |||||
rezultatului global | |||||
Restated | |||||
Balance as at 31 December 2022 | 859.471.059 | (38.175.588) | 213.107.162 | 824.016.476 | 1.858.419.109 |
Comprehensive income | |||||
Profit for the financial exercise | - | - | - | 212.803.021 | 212.803.021 |
Other comprehensive income | - | ||||
Revaluation at fair value of financial assets at fair value through | - | - | 162.769.881 | - | 162.769.881 |
other comprehensive income, net of deferred tax*) | |||||
Reserve relating to financial assets at fair value through other | - | - | (31.792.869) | 31.792.869 | - |
comprehensive income transferred to retained earnings | |||||
Total comprehensive income of the period | - | - | 130.977.012 | 244.595.890 | 375.572.902 |
Transactions with the shareholders, recognised directly in | |||||
equity | |||||
Prescribed dividends | - | - | - | - | - |
Share capital decrease | - | - | - | - | - |
Own shares redeemed | - | - | - | - | - |
Total transactions with the shareholders, recognised directly | - | - | - | - | - |
in equity | |||||
Balance as at 31 December 2023 | 859.471.059 | (38.175.588) | 344.084.174 | 1.068.612.366 | 2.233.992.011 |
*) Reserves from the revaluation at fair value of financial assets at fair value through other comprehensive income shall not be re-classified as profit or loss.
ADMINISTRATOR, | PREPARED BY, |
SAI MUNTENIA INVEST S.A. | SAI MUNTENIA INVEST S.A. |
Sergiu MIHAILOV | Irina MIHALCEA |
Deputy General Manager | Chief Accountant |
Statement of cash flow
for the financial exercise ended 31 December 2024
In LEI | 2024 | 2023 | |
Operating activites | |||
Profit /(Loss) before tax | 92.508.116 | 220.951.599 | |
Adjustments: | |||
Net income from the reversal of adjustments for the | (1.056.506) | 920.478 | |
impairment of assets | |||
(Net gain) / Net loss from financial assets at fair value | (36.127.258) | (187.959.686) | |
through profit or loss | |||
Dividend income | (94.182.204) | (82.513.919) | |
Interest income | (8.219.918) | (6.581.063) | |
Net gain from foreign exchange differences | (1.493.419) | 348.116 | |
Interest expense related to the lease contract liability | 664 | 1.171 | |
Incoming invoice adjustments and other adjustments | 7.011.129 | 21.681.417 | |
Changes in assets and liabilities related to operating | |||
activities | |||
(Payments)/ Net receipts of financial assets at fair value | (46.309.372) | 41.817.620 | |
through profit or loss | |||
(Payments)/ Net receipts of financial assets at fair value | (14.133.455) | 24.265.799 | |
through other comprehensive income | |||
(Payments)/ Net receipts of financial assets measured at | (1.244.000) | - | |
amortised cost | |||
(Payments)/ Net Receipts of other assets | (10.717.303) | 1.934.998 | |
(Payments)/ Net Receipts of other debts | (21.859.407) | (47.502.460) | |
Net investments from deposits with maturity over 3 months | 52.644.521 | (54.440.768) | |
and less than one year | |||
Dividends received | 92.081.041 | 77.031.268 | |
Interest received | 8.701.652 | 6.018.252 | |
Profit tax paid | (545.799) | - | |
Net cash resulted from operating activities | 17.058.482 | 15.972.822 | |
Investment activities | |||
Payments for purchases of tangible and intangible assets | - | (417) | |
Net cash (used in) / resulted from investment activities | - | (417) | |
Financing activities | |||
Payments related to the lease contract liability, including | (10.388) | (10.324) | |
interest | |||
Net cash used in financing activities | (10.388) | (10.324) | |
Net increase in cash and cash equivalents | 17.048.094 | 15.962.081 | |
Effect of exchange rate changes on cash and cash equivalents | 1.494.572 | (358.292) | |
Cash and cash equivalents as at 1 January | 46.871.575 | 31.267.786 | |
Cash and cash equivalents as at 31 December | 65.414.241 | 46.871.575 | |
Statement of cash flow (continued)
for the financial exercise ended 31 December 2024
At 31 December cash and cash equivalents comprise | ||
În LEI | 2024 | 2023 |
Cash in the petty cash | 1.309 | 1.309 |
Current accounts in banks | 1.739.977 | 20.764.322 |
Bank deposits with less than three months initial maturity | 63.531.454 | 25.880.220 |
141.501 | 225.724 | |
Cash and cash equivalents | 65.414.241 | 46.871.575 |
ADMINISTRATOR, | PREPARED BY, |
SAI MUNTENIA INVEST S.A. | SAI MUNTENIA INVEST S.A. |
Sergiu MIHAILOV | Irina MIHALCEA |
Deputy General Manager | Chief Accountant |