25th Aug 2022 16:23
To: Bucharest Stock Exchange (BSE)
London Stock Exchange (LSE)
Romanian Financial Supervisory Authority (FSA)
Current report in compliance with the Law 24/2017, republished, on issuers of financial instruments and market operations, Regulation FSA no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code
Report date: 25 August 2022
Company name: Societatea Energetica Electrica S.A.
Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania
Phone/fax no.: 004-021-2085999/ 004-021-2085998
Fiscal Code: RO 13267221
Trade Register registration number: J40/7425/2000
Subscribed and paid in share capital: RON 3,464,435,970
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE), London Stock Exchange (LSE)
Significant events to be reported: Correction of clerical material errors in the content of the 2022 Half Year Consolidated Directors' Report (H1 2022) from 17 August 2022
Electrica informs the shareholders and investors about the fact that the 2022 Half Year Consolidated Directors' Report (H1 2022) published on 17 August 2022 through the announcement IRIS code (BSE): EB9A0, respectively RNS (LSE) Number: 3857W, as well as on Electrica's website at https://www.electrica.ro/investitori/rezultate-si-raportari/rezultate-financiare/situatiile-financiare-pentru-s1-2022/ and https://www.electrica.ro/en/investors/results-and-reports/financial-results/ financial-statements-for-h1-2022/ contains the following clerical errors:
Romanian version: page 71, "capitolul 11. Anexe; subcapitolul 11.2 Detalierea principalelor investitii realizate in primul semestru al anului 2022 de Grupul Electrica; tabelul privind cele mai semnificative investitii realizate de Grup - Transilvania Nord" - in the last 3 rows will be completed by adding "0," in front of the initial values presented:
TRANSILVANIA NORD | Updated Values | Initial values |
Modernizare LEA JT si bransamente in loc. Rus zona PTA1 si PTA2 Rus | 0,848 | 848 |
Modernizare posturi de transformare zidite, zona TN - Sucursala Cluj-Napoca, jud. Cluj - Vol.2 - zona POR Gherla | 0,908 | 908 |
Cresterea gradului de siguranta in alimentare cu energie electrica in zona Paleu, jud. Bihor | 0,905 | 905 |
Romanian version: page 72; "capitolul 11. Anexe; subcapitolul 11.2 Detalierea principalelor investitii realizate in primul semestru al anului 2022 de Grupul Electrica; tabelul privind cele mai mari transferuri din imobilizari corporale in curs la imobilizari corporale reprezentand, in principal, punerea in functiune a obiectivelor de investitii - Transilvania Nord" - in the last 5 rows will be completed by adding "0," in front of the initial values presented:
TRANSILVANIA NORD | Updated Values | Initial values |
Modernizare LES MT in vederea cresterii sigurantei in alim.cu en. el.: Statia Iosia-PTZ Wagner; PTAb Protectia Mediului-PTZ 24 ZV; PTAb Colinelor 2-PTAb Gh. Doja 2-PTAb Gh.Pop de Basesti-STE I 178 | 0,856 | 856 |
Injectie de putere in zonele Sud si Vest ale localitatii Biharia, jud. Bihor | 0,786 | 786 |
Cresterea sigurantei in alimentarea cu energie electrica in localitatea Floresti, jud. Cluj - Vol. 2: zona str. Narciselor | 0,755 | 755 |
Modernizare racord 20KV si reconstructie PTA 20/0,4KV Panic sat, jud. Salaj | 0,723 | 723 |
Injectie de putere si modernizare retea de joasa tensiune localitatea Sarand, jud. Bihor | 0,700 | 700 |
Romanian version: page 59; the paragraph "Active circulante" - the text will be changed in "Subventii de incasat in valoare de 1.132,1 mil. RON" instead of "Subventii de incasat in valoare de 1.211,3 mil. RON".
Romanian version: page 59; the paragraph "Subventii de incasat" - the amount "1.132,1" will be completed with "mil. RON".
Romanian version: page 61; table "Fluxuri de numerar din activitatea de exploatare"; "Modificari in": row "Provizioane si beneficii angajati" will be removed, having above the row "Beneficiile angajatilor".
Romanian version: page 62; table "Fluxuri de numerar din activitatea de finantare"; row "Numerar net utilizat in activitatea de finantare" column "30 iunie 2022", value of 1.376,6 will be changed in 1.642,6.
Romanian version: page 2 and page 70, text update from "Anexa 13" to "Anexa 14".
English version: page 73, "chapter 11. Annexes, subchapter 11.2 Details of the main investments of Electrica Group during the first semester of 2022; the decimal separators will be changed throughout the annex and in the table regarding the most significant investments made by the Group - Transilvania Nord" - in the last 3 rows will be completed by adding "0." in front of the initial values presented.
TRANSILVANIA NORD | Updated Values | Initial values |
Modernization of LV OHL and connections in place. Rus area PTA1 and Rus PTA2 | 0.848 | 848 |
Modernization of built MV/LV substations, TN area - Cluj-Napoca Branch, Cluj County - Vol.2 - POR Gherla area | 0.908 | 908 |
Increasing the power supply reliability in area Paleu, Bihor County | 0.905 | 905 |
English version: page 74/75; "chapter 11. Annexes; subchapter 11.2 Details of the main investments of Electrica Group during the first semester of 2022; the table regarding the largest transfers from tangible assets in progress to tangible assets representing, mainly, the commissioning of investments - Transilvania North" - in the last 5 rows will be completed by adding "0." in front of the initial values presented:
TRANSILVANIA NORD | Updated Values | Initial values |
Modernization of MV UGC in order to increase reliability of power supply: Iosia-PTZ Wagner Station; PTAb Environment protection-PTZ 24 ZV; PTAb Colinelor 2-PTAb Gh.Doja 2-PTAb Gh.Pop de Basesti-STE I | 0.856 | 856 |
Power injection in the South and West areas of Biharia locality, Bihor County | 0.786 | 786 |
Increasing the reliability of electricity supply in Floresti locality, Cluj county - Vol. 2: Narciselor street area | 0.755 | 755 |
Modernization of 20KV feeder connection and reconstruction of PTA 20 / 0.4KV Panic village, Salaj County | 0.723 | 723 |
Power injection and modernization of low voltage network Sarand locality, Bihor County | 0.700 | 700 |
English version: page 59; chapter Financial Position; table Current assets; translation for row "Restricted cash" will be changed in "Subsidies receivable";
English version: page 61; in the paragraph "Current assets" the amount of receivables for subsidies is in amount of RON 1,132.1 mn. instead of RON 1,211.3.
English version: page 63; table Cash flows from operating activities; Changes in: row "Provisions and employee benefits" will be removed we have it above with description "Employee benefits".
English version: page 64; table Cash flow from financing activities; row "Net cash used in financing activities" column 30 June 2022, value of 1,376.6 will be changed in 1,642.6.
English version: page 2 and page 72: correction from "Annex 13" to "Annex 14".
English version: page 72; chapter 11; sub-chapter 11.1; row "Non-current asset turnover ratio" value 0.4 will be changed in 0.8.
The rest of the numbers and text from the financial statements remain unchanged.
This erratum is published on the website of the company under the Investors section (the links above), together with the corrected Report.
Contact: [email protected] ; +40 21 208 5035 ; +40 731 796 111
CEO
Alexandru-Aurelian Chirita
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