Published: 2013-11-11 15:14:04 CET
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the third quarter and 9 months of 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 September 2013 and 30 September 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 9 months of 2013 of AS Trigon Property Development is -26,765 euros and the earnings per share is -0,00595 EUR. 

As of 30 September 2013 the consolidated assets of AS Trigon Property Development were 2,300,422 euros. The consolidated equity of the company was 2,154,062 euros, corresponding to 94 % of the total balance sheet. 

Condensed consolidated statement of financial position 

EUR   30.09.2013 30.09.2012
Cash   10 081 124 245
Receivables and prepayments   341 2 353
Total current assets   10 422 126 598
Investment property   2 290 000 2 384 520
TOTAL ASSETS   2 300 422 2 511 118
Borrowings   12 516 12 516
Payables and prepayments   17 167 34 080
Total current liabilities   29 683 46 596
Long-term borrowings   116 677 165 708
Total liabilities   146 360 212 304
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   -1 058 973 -914 221
Total equity   2 154 062 2 298 814
TOTAL LIABILITIES AND EQUITY   2 300 422 2 511 118

 

Condensed consolidated statement of comprehensive income 

EUR Q3 2013 Q3 2012 9 m 2013 9 m 2012
Rental income 3 640 4 740 10 920 13 840
Expenses related to investment property -1 000 -59 -10 588 -10 343
Gross profit 2 640 4 681 332 3 497
Administrative and general expenses -7 151 -9 029 -22 586 -31 678
Changes in fair value of investment property 0 0 0 170 520
Operating loss -4 511 -4 348 -22 254 142 339
Net financial income -1 281 -1 787 -4 511 -7 550
NET LOSS FOR THE PERIOD -5 792 -6 135 -26 765 134 789
         
TOTAL COMPREHENSIVE INCOME -5 792 -6 135 -26 765 134 789

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200

 


2013 III Q interim ENG.pdf