Published: 2012-11-29 14:34:23 CET
Trigon Property Development
Quarterly report

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


2012 Q3 interim ENG.pdf