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
|