Published: 2013-05-30 15:07:04 CEST
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the first quarter of 2013

30.05.2013

 

As at the end of first quarter 2013, 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 March 2013 and 31 March 2012 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 3 months 2013 of AS Trigon Property Development is -7,421 euros and the earnings per share is -0,00165 EUR.

As of 31 March 2013 the consolidated assets of AS Trigon Property Development were 2,307,701 euros. The consolidated equity of the company was 2,173,406 euros, corresponding to 94 % of the total balance sheet.

Condensed consolidated statement of financial position

EUR   31 March 2013 31 March 2012
Cash   16 628 2 299
Receivables and prepayments   1 073 7 546
Total current assets   17 701 9 845
Investment property   2 290 000 2 425 000
TOTAL ASSETS   2 307 701 2 434 845
       
Borrowings   25 032 25 032
Payables and prepayments   18 586 53 984
Total current liabilities   43 618 79 016
Long-term borrowings   90 677 199 078
Total liabilities   134 295 278 094
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   -1 039 629 -1 056 284
Total equity   2 173 406 2 156 751
TOTAL LIABILITIES AND EQUITY   2 307 701 2 434 845

 

Condensed consolidated statement of comprehensive income 

EUR 3 m 2013 3 m 2012
     
Rental income 3 640 4 740
Expenses related to investment property -3 817 -1 405
Gross loss (profit) -177 3 335
     
Administrative and general expenses -6 327 -8 240
Operating loss -6 504 -4 905
     
Net financial income -917 -2 369
NET LOSS FOR THE PERIOD -7 421 -7 274
     
TOTAL COMPREHENSIVE LOSS -7 421 -7 274
     
Basic earnings per share -0,00165 -0,00162
Diluted earnings per share -0,00165 -0,00162

 

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200

 


2013 I Q interim ENG.pdf