Published: 2011-10-20 15:35:50 CEST
Trigon Property Development
Quarterly report

TPD: Unaudited Financial results of Trigon Property Development, 9 months of 2011

 

20.10.2011

As at the end of third quarter 2011, AS Trigon Property Development owned one property development project involving 36-hectare land plot in the City of Pärnu, Niidu area. Trigon Property Development AS considers expansion of business activity and analyses acquisition opportunities for different new projects.

Condensed consolidated statement of financial position as of 30 September 2011 and 31 December 2010 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.

According to the condensed consolidated statement of comprehensive income the net profit for 9 months 2011 of AS Trigon Property Development is 5 979 euros and the earnings per share is 0,00133 EUR.

As of 30 September 2011 the consolidated assets of AS Trigon Property Development were 4 188 796 euros. The consolidated equity of the company was 3 912 536 euros, corresponding to 93.41 % of the total balance sheet.

Condensed consolidated statement of financial position

 

  EUR EUR
  30.09.2011 31.12.2010
Cash 32 280 7 804
Receivables and prepayments 1 029 812
Total current assets 33 309 8 616
     
Investment property 4 155 487 4 167 039
Total non-current assets 4 155 487 4 137 039
     
TOTAL ASSETS 4 188 796 4 175 656
     
Borrowings 12 516 31 806
Payables and prepayments 43 004 16 553
Total current liabilities 55 520 48 359
     
Long-term borrowings 220 740 220 740
Total non-current liabilities 220 740 220 740
     
Total liabilities 276 260 269 099
     
Share capital at nominal value 2 699 437 2 875 424
Share premium 402 043 226 056
Statutory reserve capital 287 542 287 542
Retained earnings 523 514 517 535
Total equity 3 912 536 3 906 557
     
TOTAL LIABILITIES AND EQUITY 4 188 796 4 175 656

 

Condensed consolidated statement of comprehensive income

 

  EUR EUR
  9 months 2011 9 months 2010
     
Rental income 17 740 21 107
Expenses related to investment property (9 351) (20 511)
     
Gross profit 8 389 596
     
Administrative and general expenses (12 648) (7 263)
Changes in fair value of investment property 18 448 0
     
Operating profit 14 189 (6 667)
     
Net financial income (loss) (8 210) (7 691)
     
NET PROFIT (LOSS) FOR THE PERIOD 5 979 (14 358)
     
TOTAL COMPREHENSIVE INCOME (LOSS) 5 979 (14 358)
     
Basic earnings per share 0,00133 (0,00319)
Diluted earnings per share 0,00133 (0,00319)

 

 

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200

 


2011 III Q Interim report ENG.pdf