TPD: Unaudited Financial results of Trigon Property Development, 12 months of 2011
29.02.2012
As at the end of fourth 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 31 December 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 loss for 12 months 2011 of AS Trigon Property Development is 1 742 532 euros and the earnings per share is -0,38731 EUR.
As of 31 December 2011 the consolidated assets of AS Trigon Property Development were 2 440 010 euros. The consolidated equity of the company was 2 164 025 euros, corresponding to 88,69 % of the total balance sheet.
Condensed consolidated statement of financial position
|
|
EUR |
EUR |
|
|
31.12.2011 |
31.12.2010 |
|
Cash |
12 492 |
7 804 |
|
Receivables and prepayments |
2 518 |
812 |
|
Total current assets |
15 010 |
8 616 |
|
|
|
|
|
Investment property |
2 425 000 |
4 167 039 |
|
Total non-current assets |
2 425 000 |
4 137 039 |
|
|
|
|
|
TOTAL ASSETS |
2 440 010 |
4 175 656 |
|
|
|
|
|
Borrowings |
25 032 |
31 806 |
|
Payables and prepayments |
55 244 |
16 553 |
|
Total current liabilities |
80 276 |
48 359 |
|
|
|
|
|
Long-term borrowings |
195 709 |
220 740 |
|
Total non-current liabilities |
195 709 |
220 740 |
|
|
|
|
|
Total liabilities |
275 985 |
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 |
(1 224 997) |
517 535 |
|
Total equity |
2 164 025 |
3 906 557 |
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
2 440 010 |
4 175 656 |
Condensed consolidated statement of comprehensive income
|
|
EUR |
EUR |
|
|
12 months 2011 |
12 months 2010 |
|
|
|
|
|
Rental income |
22 480 |
27 290 |
|
Expenses related to investment property |
(14 479) |
(24 874) |
|
|
|
|
|
Gross profit |
8 001 |
2 416 |
|
|
|
|
|
Administrative and general expenses |
(26 689) |
(16 260) |
|
Changes in fair value of investment property |
(1 712 039) |
0 |
|
|
|
|
|
Operating profit |
(1 730 727) |
(13 844) |
|
|
|
|
|
Net financial income (loss) |
(11 805) |
(11 288) |
|
|
|
|
|
NET PROFIT (LOSS) FOR THE PERIOD |
(1 742 532) |
(25 132) |
|
|
|
|
|
TOTAL COMPREHENSIVE INCOME (LOSS) |
(1 742 532) |
(25 132) |
|
|
|
|
|
Basic earnings per share |
(0,38731) |
(0,00559) |
|
Diluted earnings per share |
(0,38731) |
(0,00559) |
Ülo Adamson
Chairman of the Supervisory Board
+372 667 9200
|