All amounts are presented in RON Toate sumele sunt exprimate in RON

NPG TRANSELECTRICA CNTEE TRANSELECTRICA SA 31-Dec-19 31-Dec-18 31-Dec-17

Separate statement of financial position BILANTUL CONTABIL
ASSETS ACTIVE
Non-current assets Active imobilizate
Tangible assets Imobilizari corporale 3,439,577,805 2,988,303,101 3,044,365,315
Intangible assets Imobilizari necorporale 23,437,440 22,752,925 15,563,225
Financial assets Imobilizari financiare 81,500,833 80,245,910 78,038,750
Non-current assets Creante pe termen lung 0 0 0
Assets of the usage rights for leased assets - Imobilizari af. Drepturilor de utilizare a activelor luate in
buildings leasing - cladiri 6,328,685
Total non-current assets Total active imobilizate 3,550,844,763 3,091,301,936 3,137,967,290

Current assets Active circulante

Inventories Stocuri 37,519,731 34,768,678 32,014,652
Trade and other receivables Creante comerciale si alte creante 706,350,248 1,063,594,025 818,529,879
Other financial assets Alte active financiare 85,000,000 0 0
Cash and cash equivalents Numerar si echivalente de numerar 320,768,647 482,158,679 520,746,500
Income tax to be recovered Impozit pe profit de recuperat 0 0 0
Total current assets Total active circulante 1,149,638,626 1,580,521,382 1,371,291,031

Total assets TOTAL ACTIVE 4,700,483,389 4,671,823,318 4,509,258,321

SHAREHOLDERS’ EQUITY AND LIABILITIES CAPITALURI PROPRII SI DATORII

Shareholders’ Equity Capitaluri proprii
Share capital, of which: Capital social, din care: 733,031,420 733,031,420 733,031,420
Subscribed share capital Capital social subscris 733,031,420 733,031,420 733,031,420
Share premium Prima de emisiune 49,842,552 49,842,552 49,842,552
Legal reserves Rezerve legale 129,096,113 123,742,090 118,961,487
Revaluation reserves Rezerve din reevaluare 922,454,926 522,585,647 499,921,435
Other reserves Alte rezerve 15,771,718 66,664,045 56,953,503
Retained earnings Rezultatul reportat 1,433,931,608 1,313,139,735 1,258,921,369
Total shareholders’ equity Total capitaluri proprii 3,284,128,337 2,809,005,489 2,717,631,766

Non-current liabilities Datorii pe termen lung

Long term deferred revenues Venituri in avans pe termen lung 360,641,212 411,154,678 410,642,185
Long term borrowings Imprumuturi 122,835,499 143,866,115 195,185,934
Deferred tax liability Datorii privind impozitele amanate 136,853,805 56,100,417 25,036,280
Employee benefits liabilities Obligatiile privind beneficiile angajatilor 63,711,459 52,411,509 52,646,906
Total non-current liabilities Total datorii pe termen lung 684,041,975 663,532,719 683,511,305

Current liabilities Datorii curente

Trade and other liabilities Datorii comerciale si alte datorii 556,477,615 1,020,793,710 699,936,819
Other loans and assimilated liabilities -
Leasing of building Alte imprumuturi si datorii asimilate - Leasing - cladire 6,328,098
Other tax and social security liabilities Alte impozite si obligatii pentru asigurarile sociale 8752115 10,052,456 8,688,192
Short-term borrowings Imprumuturi 55,566,735 53,311,446 317,063,988
Provisions Provizioane 70,017,850 95,557,513 41,545,187
Short-term deferred revenues Venituri in avans pe termen scurt 37,209,745 19,329,257 40,881,064
Income tax payable Impozit pe profit de plata (2,039,081) 240,728 0
Total current liabilities Total datorii curente 732,313,077 1,199,285,110 1,108,115,250
Total liabilities Total datorii 1,416,355,052 1,862,817,829 1,791,626,555

Total shareholders’ equity and liabilities TOTAL CAPITALURI PROPRII SI DATORII 4,700,483,389 4,671,823,318 4,509,258,321
All amounts are presented in RON
NPG TRANSELECTRICA
Separate statement of profit or loss
Operating revenues
Transmission revenues
System services revenues
Balancing market revenues
Other revenues
Total operating revenues
Operating expenses
System operating expenses
Balancing market expenses
Technological system services expenses
Depreciation and Amortisation
Personnel expenses
Repairs and maintenance expenses
Materials and consumables
Other operating expenses
Total operating expenses
Operating profit
Financial income
Financial expenses
Net finance result
Profit before income tax
Income tax
Net profit
Toate sumele sunt exprimate in RON
CNTEE TRANSELECTRICA SA
CONTUL DE PROFIT SI PIERDERE
Venituri din exploatare
Venituri din serviciul de transport
Venituri din servicii de sistem
Venituri din piata de echilibrare
Alte venituri
Total venituri
Cheltuieli de exploatare
Cheltuieli pentru operarea sistemului
Cheltuieli privind piata de echilibrare
Cheltuieli privind serviciile de sistem tehnologic
Amortizare
Cheltuieli cu personalul
Reparatii si mentenanta
Cheltuieli cu materiale consumabile
Alte cheltuieli din exploatare
Total cheltuieli din exploatare
Profit din exploatare
Venituri financiare
Cheltuieli financiare
Rezultat financiar net
Profit inainte de impozitul pe profit
Impozit pe profit
Profitul exercitiului
 31-Dec-19 31-Dec-18 31-Dec-17

1,081,980,781 1,069,837,016 1,054,629,112

741,693,479 701,621,717 650,746,554
523,104,001 903,865,423 1,304,613,489
50,932,248 46,371,626 50,327,846
2,397,710,509 2,721,695,782 3,060,317,001

(351,742,734) (308,872,049) (257,916,731)

(523,104,001) (903,865,423) (1,304,613,489)
(676,467,560) (677,725,109) (661,323,176)
(280,042,435) (298,297,896) (311,853,273)
(209,931,878) (188,548,757) (178,575,211)
(101,597,713) (90,840,558) (84,765,211)
(8,520,744) (11,667,003) (8,316,853)
(130,474,874) (140,561,153) (184,958,423)
(2,281,881,939) (2,620,377,948) (2,992,322,367)

115,828,570 101,317,834 67,994,634

9,722,480 16,898,339 19,098,960

(18,470,590) (25,151,844) (40,219,198)
(8,748,110) (8,253,505) (21,120,238)

107,080,460 93,064,329 46,874,396

(11,049,503) (11,760,956) (18,607,221)

96,030,957 81,303,373 28,267,175