Published: 2013-08-27 14:29:05 CEST
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the second quarter and 6 months of 2013

27.08.2013

 

As at the end of second 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 30 June 2013 and 30 June 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 6 months 2013 of AS Trigon Property Development is -20,972 euros and the earnings per share is -0.00466 EUR.

As of 30 June 2013 the consolidated assets of AS Trigon Property Development were 2,297,199 euros. The consolidated equity of the company was 2,159,855 euros, corresponding to 94 % of the total balance sheet.

Condensed consolidated statement of financial position 

EUR   30.06.2013 30.06.2012
Cash   5 793 127 255
Receivables and prepayments   1 406 1 973
Total current assets   7 199 129 228
Investment property   2 290 000 2 384 520
TOTAL ASSETS   2 297 199 2 513 748
       
Borrowings   12 516 12 516
Payables and prepayments   17 151 30 576
Total current liabilities   29 667 43 092
Long-term borrowings   107 677 165 708
Total liabilities   137 344 208 800
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   -1 053 180 -908 087
Total equity   2 159 855 2 304 948
TOTAL LIABILITIES AND EQUITY   2 297 199 2 513 748

 

Condensed consolidated statement of comprehensive income 

EUR Q2 2013 Q2 2012 6 m 2013 6 m 2012
         
Rental income 3 640 4 360 7 280 9 100
Expenses related to investment property -5 771 -8 879 -9 588 -10 284
Gross profit (-loss) -2 131 -4 519 -2 308 -1 184
         
Administrative and general expenses -9 109 -14 408 -15 435 -22 648
Changes in fair value of investment property 0 170 520 0 170 520
Operating profit (-loss) -11 240 151 593 -17 743 146 688
         
Net financial income -2 312 -3 394 -3 229 -5 763
NET PROFIT (-LOSS) FOR THE PERIOD -13 552 148 199 -20 972 140 925
         
TOTAL COMPREHENSIVE INCOME -13 552 148 199 -20 972 140 925
         
Basic earnings per share -0.00301 0.03294 -0.00466 0.03132
Diluted earnings per share -0.00301 0.03294 -0.00466 0.03132

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200

 


2013 II Q interim ENG.pdf