Statutory Net Asset Value (NAV)
Under IFRS, Net Asset Value was EUR 0.48 (NOK 4.04) per share at the end of Q4 2014, a decrease of 4.9% compared to the end of Q3 2014.
Valuation
The Company has commissioned the annual independent valuation by Knight Frank Romania and reflected the results in the financial statements reported at the end of this quarter. This resulted in a 2% downwards adjustment of the value of its investment property, on a comparable plot basis at the end of 2013.
Financial Results
Pre-tax loss in Q4 2014 of EUR 1.37 million (EUR 2.25 million). Total assets at end of Q4 2014 were EUR 32.5 million compared to EUR 33.85 million at end of Q4 2013.
Plot division and sales
The total number of smaller plots sold during the year remains 5 for a total amount of EUR 164,000. In addition the Company concluded during the year a pre-sale agreement for the sale of its only land plot in Brasov for a gross price of EUR 1.05 million, the remaining due in April 2015.
RomReal invites investors, analysts and media to a conference call, to be held on Friday, 27 February 2015, at 9.00 a.m. Oslo time. Those who would like to attend the conference call are invited to dial:| Participant Joining Details | |
| UK Freefone: | 0800 389 7473 |
| UK Direct: | 01296 480 180 |
| International direct: | +44 1296 480 180 |
| Global Access Numbers: | http://www.btconferencing.com/globalaccess/?bid=54_automated |
| Global Access Numbers are in-country toll free or local dial-in numbers for this conference. Give this URL to anyone -- both speakers and participants -- joining the conference so they can find the appropriate in-country dial-in number. You can also use these Global Access dial-in numbers if you are travelling. | |
| Passcode: | 164 479# |
For further information please contact:
Harris Palaondas
RomReal Ltd - Investor Relations
+0040731123037www.romreal.com
