Published: 2013-02-27 15:45:16 CET
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the fourth quarter and 12 months of 2012

As at the end of fourth quarter 2012, AS Trigon Property Development owned one property development project involving 35.46-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 2012 and 31 December 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 12 months 2012 of AS Trigon Property Development is 16,802 euros and the earnings per share is 0,00373EUR.

As of 31 December 2012 the consolidated assets of AS Trigon Property Development were 2,319,786 euros. The consolidated equity of the company was 2,180,827 euros, corresponding to 94 % of the total balance sheet.

 

Condensed consolidated statement of financial position 

EUR 31.12.2012 31.12.2011
Cash 26 868 12 492
Receivables and prepayments 2 918 2 518
Total current assets 29 786 15 010
Investment property 2 290 000 2 425 000
TOTAL ASSETS 2 319 786 2 440 010
     
Borrowings 25 032 25 032
Payables and prepayments 23 250 55 244
Total current liabilities 48 282 80 276
Long-term borrowings 165 708 195 709
Total liabilities 212 304 275 985
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 -1 032 208 -1 049 010
Total equity 2 180 827 2 164 025
TOTAL LIABILITIES AND EQUITY 2 319 786 2 440 010

 

Condensed consolidated statement of comprehensive income

EUR Q4 2012 Q4 2011 2012 2011
         
Rental income 4 373 4 740 18 213 22 480
Expenses related to investment property -9 753 -5 128 -20 096 -14 479
Gross profit -5 380 -388 -1 883 8 001
         
Administrative and general expenses -15 516 -14 041 -47 194 -26 689
Changes in fair value of investment property -94 520 -1 730 487 76 000 -1 712 039
Operating profit -115 416 -1 744 916 26 923 -1 730 727
         
Net financial loss -2 571 -3 595 -10 121 -11 805
NET PROFIT FOR THE PERIOD -117 987 -1 748 511 16 802 -1 742 532
         
TOTAL COMPREHENSIVE INCOME -117 987 -1 748 511 16 802 -1 742 532
         
Basic earnings per share -0,02622 -0,38864 0,00373 -0,38731
Diluted earnings per share -0,02622 -0,38864 0,00373 -0,38731

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200

 


2012 IV Q interim ENG.pdf