Unaudited Financial results of Trigon Property Development, 6 months of 2012
29.08.2012
As at the end of second quarter of 2012, AS Trigon Property Development owned one property development project involving 35.4-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 June 2012 and 30 June 2011 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 6 months 2012 of AS Trigon Property Development is 140,925 euros and the earnings per share is 0,03132 EUR.
As of 30 June 2012 the consolidated assets of AS Trigon Property Development were 2,513,748 euros. The consolidated equity of the company was 2,304,948 euros, corresponding to 91.7 % of the total balance sheet.
Condensed consolidated statement of financial position
|
EUR |
30.06.2012 |
30.06.2011 |
|
Cash |
127 255 |
6 393 |
|
Receivables and prepayments |
1 973 |
1 281 |
|
Total current assets |
129 228 |
7 674 |
|
Investment property |
2 384 520 |
4 167 039 |
|
TOTAL ASSETS |
2 513 748 |
4 174 713 |
|
|
|
|
|
Borrowings |
12 516 |
12 516 |
|
Payables and prepayments |
30 576 |
40 656 |
|
Total current liabilities |
43 092 |
56 672 |
|
Long-term borrowings |
165 708 |
220 740 |
|
Total liabilities |
208 800 |
277 412 |
|
Share capital at nominal value |
2 699 437 |
2 875 424 |
|
Share premium |
226 056 |
226 056 |
|
Statutory reserve capital |
287 542 |
287 542 |
|
Retained earnings |
(908 087) |
508 279 |
|
Total equity |
2 304 948 |
3 897 301 |
|
TOTAL LIABILITIES AND EQUITY |
2 513 748 |
4 174 713 |
Condensed consolidated statement of comprehensive income
|
EUR |
6 months 2012 |
6 months 2011 |
|
|
|
|
|
Rental income |
9 100 |
12 360 |
|
Expenses related to investment property |
(10 284) |
(9 351) |
|
Gross profit |
(1 184) |
3 009 |
|
|
|
|
|
Administrative and general expenses |
(22 648) |
(6 397) |
|
Changes in fair value of investment property |
170 520 |
0 |
|
Operating profit |
146 688 |
(3 388) |
|
|
|
|
|
Net financial income (loss) |
(5 763) |
(5 868) |
|
NET PROFIT FOR THE PERIOD |
140 925 |
(9 256) |
|
|
|
|
|
TOTAL COMPREHENSIVE INCOME |
140 925 |
(9 256) |
|
|
|
|
|
Basic earnings per share |
0,03132 |
(0,00206) |
|
Diluted earnings per share |
0,03132 |
(0,00206) |
Ülo Adamson
Chairman of the Supervisory Board
+372 667 9200
|