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
|