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PRESS-RELEASE: The infrastructural rating of Private JSC AMC «National reserve» is confirmed at the level uaBBB+.amc


20/06/2012

PRESS-RELEASE

(Translation from Russian)

The infrastructural rating of Private JSC AMC «National reserve» is confirmed at the level uaBBB+.amc

 

June 19, 2012 RA «Expert-Rating» confirms the infrastructural rating of Private JSC AMC «National reserve» at the level uaBBB+.amc (a very good level of reliability). When confirming the rating, the Agency was based on the results analysis of the Company’s activity in the Q1 of 2012.

Table 1

Key performance indicators of Private JSC AMC «National reserve» the QI of 2012

Indicators

QI of 2012

(01.04.2012)

QI of 2011 (01.04.2011)

Change for 2011-2012

Growth rate 2011-2012

Total net assets under AMC management, th. UAH

331 539,1

282 597,3

48 941,80

17,32

Annual growth rate of net assets under AMC management, th. UAH

48 941,8

5942

42 999,80

723,66

Net assets of public funds, th. UAH

4 019,6

3 066,9

952,70

31,06

Number of funds under management (pc)

29

29

0,00

-

Shareholders’ equity, th. UAH

126 741,0

122 906,0

3 835,00

3,12

Authorized capital, th. UAH

8 600,0

8 600,0

0,00

0,00

Revenues, th. UAH

257

262

-5,00

-1,91

Administrative costs, th. UAH

264

396

-132,00

-33,33

Net profit (loss), th. UAH

5

(127)

132,00

103,94

ROE, %

0,004

-0,103

0,11 p.p.

-

Source: data of AMC “National reserve”, calculations by RA ‘Expert-Rating’

 

1. Net assets under AMC management have amounted to UAH 331,539 mln on 01.04.2012 according to the results of the Q1 of 2012 that is by 17,32% more, than the same indicator as of 01.04.2011. Net assets of public funds have amounted to UAH 4,02 mln on the same date of 2012, while they have amounted to only UAH 3,067 mln on 01.04.2011 that indicates a significant increase in assets of public funds, namely – by 31,06%. But even with such an increase, the proportion of assets of public funds in total net assets under AMC management remains small and amounts to just 1,2%. In the period from 01.04.2011 to 01.04.2012 shareholders’ equity of the Company has increased by 3,12% and has amounted to UAH 126,741 mln as of 01.04.2012.

2. According to the results of the activity in the Q1 of 2012 AMC «National reserve» has received revenues of UAH 257 th. that is by 1,9% less, than the same indicator of the Q1 of 2011. In the first three months of 2012 the Company has managed to decrease its administrative costs: from UAH 396 th. (Q1 of 2011) down to UAH 264 th. (Q1 of 2012). AMC «National reserve» has demonstrated profitable activity in the Q1 of 2012, compared to the same quarter of 2011, as indicated by net profit, which has amounted to UAH 5 th. Therefore, ROE has increased from             -0,103% (according to the results of the Q1 of 2011) up to 0,004% (according to the Q1 of 2012).

3. The yield of the “market” funds has demonstrated although small but positive results. In the average, this indicator in the Q1 of 2011 and in the Q1 of 2012 has remained almost unchanged: 2,58% and 2,35%, accordingly. Taking into account the fact, that the “indicators” of the stock market (indices UX and PFTS) have shown the loss of 3,7% and 2,7% in the Q1 of current year, the managers of funds of AMC «National reserve» have managed to minimize the investment losses and to get the minimal yield.

Table 2

Data on the profitability of “market funds” under AMC “National reserve” management and on the value of net assets

Indicators

Return since inception

Return in the Q1 of 2012, %

Return in the Q1 of 2011, %

Net assets value, th. UAH on 01.04.2012

NPF “Reserve of Ternopolschina”

52,93

2,8

2,46

408417,51

NPF “Reserve of Rovenschina”

27,99

2,69

2,57

1353099,45

NPF “Stolichniy Reserve”

19,33

2,55

2,52

296666,79

NPF “Reserve of Zaporojie”

36,62

2,56

3,7

92251,32

NPF “Reserve of Chernomorie”

38,95

1,87

2,2

107840,6

NPF “Energoreserve”

43,07

1,78

2,69

216896,85

NPF “Reserve of Slobojanshiny”

-

-

-

285246,08

Mutual investment fund “Willis”

25,92

2,17

1,93

1259182,02

The average:

34,97

2,35

2,58

-

Source: data of AMC “National reserve”, calculations by RA ‘Expert-Rating’

Therefore, AMC «National reserve» has remained profitable in the first quarter, the asset managers have succeeded to provide the positive yield for the key funds of the company. Besides, the company has also managed to increase its market share by having increased net assets under management by 17,32%.

 

Analytical service of RA «Expert-Rating»

Confirmation of Private JSC AMC «National reserve» (english version) - 19.06.2012

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