Published: 2014-11-27 13:50:11 CET
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the third quarter and first nine months of 2014

27.11.2014

As at the end of third quarter of 2014, 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 2014 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 loss for the first nine months of 2014 of AS Trigon Property Development is 29,664 euros and the earnings per share is -0.00659 EUR.

As of 30 September 2014 the consolidated assets of AS Trigon Property Development were 2,330,544 euros. The consolidated equity of the company was 2,142,290 euros, corresponding to 92 % of the total balance sheet.

Condensed consolidated statement of financial position

EUR 30.09.2014 31.12.2013
Cash 19 1 366
Receivables and prepayments 525 1 013
Total current assets 544 2 379
Investment property 2 330 000 2 330 000
Total non-current assets 2 330 000 2 330 000
TOTAL ASSETS 2 330 544 2 332 379
Borrowings 12 516 25 032
Payables and prepayments 25 592 25 747
Total current liabilities 38 108 50 779
Long-term borrowings 150 146 109 646
Total non-current liabilities 150 146 109 646
Total liabilities 188 254 160 425
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 -1 070 745 -1 041 081
Total equity 2 142 290 2 171 954
TOTAL LIABILITIES AND EQUITY 2 330 544 2 332 379

 

Condensed consolidated statement of comprehensive income

EUR  9 months 2014  9 months 2013
Rental income 3 420 10 920
Expenses related to investment property -5 771 -10 588
Gross loss -2 351 332
Administrative and general expenses -19 836 -22 586
Operating loss -22 187 -22 254
Net financial income -7 477 -4 511
NET LOSS FOR THE PERIOD -29 664 -26 765
TOTAL COMPREHENSIVE LOSS -29 664 -26 765

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200


2014 III Q interim ENG.pdf