Published: 2015-08-31 12:29:43 CEST
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the second quarter and 6 months of 2015

31.08.2015

As at the end of second quarter of 2015, AS Trigon Property Development owned one property development project involving 33.26-hectare land plot in the City of Pärnu, Niidu area. In July 2015 a 0.5-hectare part of the project was sold.

Condensed consolidated statement of financial position as of 30 June 2015 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 first 6 months of 2015 of AS Trigon Property Development is -17,976 euros and the earnings per share is -0.00400 EUR.

As of 30 June 2015 the consolidated assets of AS Trigon Property Development were 2,413,351 euros. The consolidated equity of the company was 2,406,455 euros, corresponding to 99.7 % of the total balance sheet.

Condensed consolidated statement of financial position

 

EUR   30.06.2015 31.12.2014
Cash   13 927 144 536
Receivables and prepayments   46 384 93 254
Total current assets   60 311 237 790
Investment property   2 353 040 2 350 000
Total non-current assets   2 353 040 2 350 000
TOTAL ASSETS   2 413 351 2 587 790
Borrowings   0 12 516
Payables and prepayments   1 396 26 293
Total current liabilities   1 396 38 809
Long-term borrowings   5 500 124 550
Total non-current liabilities   5 500 124 550
Total liabilities   6 896 163 359
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   -806 580 -788 604
Total equity   2 406 455 2 424 431
TOTAL LIABILITIES AND EQUITY   2 413 351 2 587 790

 

Condensed consolidated statement of comprehensive income

 

EUR 6 M 2015 6 M 2014
Rental income 0 2 280
Expenses related to investment property -5 382 -5 771
Gross loss -5 382 -3 491
Administrative and general expenses -10 353 -13 794
Operating profit (-loss) -15 735 -17 285
Net financial income -2 241 -5 098
NET PROFIT (-LOSS) FOR THE PERIOD -17 976 -22 383
TOTAL COMPREHENSIVE INCOME -17 976 -22 383

 

Ülo Adamson

Chairman of the Supervisory Board

+372 667 9200

 


2015 II Q interim ENG.pdf