Unaudited Financial results of Trigon Property Development, 9 months of 2012
29.11.2012
As at the end of third 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 September 2012 and 30 September 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 9 months 2012 of AS Trigon Property Development is 134,789 euros and the earnings per share is 0,02996 EUR.
As of 30 September 2012 the consolidated assets of AS Trigon Property Development were 2,511,118 euros. The consolidated equity of the company was 2,298,814 euros, corresponding to 91.5 % of the total balance sheet.
Condensed consolidated statement of financial position
|
EUR |
30.09.2012 |
30.09.2011 |
|
Cash |
124 245 |
32 280 |
|
Receivables and prepayments |
2 353 |
1 029 |
|
Total current assets |
126 598 |
33 309 |
|
Investment property |
2 384 520 |
4 155 487 |
|
TOTAL ASSETS |
2 511 118 |
4 188 796 |
|
|
|
|
|
Borrowings |
12 516 |
12 516 |
|
Payables and prepayments |
34 080 |
43 004 |
|
Total current liabilities |
46 596 |
55 520 |
|
Long-term borrowings |
165 708 |
220 740 |
|
Total liabilities |
212 304 |
276 260 |
|
Share capital at nominal value |
2 699 437 |
2 699 437 |
|
Share premium |
226 056 |
226 056 |
|
Statutory reserve capital |
287 542 |
287 542 |
|
Retained earnings |
(914 221) |
699 501 |
|
Total equity |
2 298 814 |
3 912 536 |
|
TOTAL LIABILITIES AND EQUITY |
2 511 118 |
4 188 796 |
Condensed consolidated statement of comprehensive income
|
EUR |
9 months 2012 |
9 months 2011 |
|
|
|
|
|
Rental income |
13 840 |
17 740 |
|
Expenses related to investment property |
(10 343) |
(9 351) |
|
Gross profit |
3 497 |
8 389 |
|
|
|
|
|
Administrative and general expenses |
(31 678) |
(12 648) |
|
Changes in fair value of investment property |
170 520 |
18 448 |
|
Operating profit |
142 339 |
14 189 |
|
|
|
|
|
Net financial income (loss) |
(7 550) |
(8 210) |
|
NET PROFIT FOR THE PERIOD |
134 789 |
5 979 |
|
|
|
|
|
TOTAL COMPREHENSIVE INCOME |
134 789 |
5 979 |
|
|
|
|
|
Basic earnings per share |
0,02996 |
0,00133 |
|
Diluted earnings per share |
0,02996 |
0,00133 |
Ülo Adamson
Chairman of the Supervisory Board
+372 667 9200
|