Consolidated unaudited financial report for the fourth quarter and 12 months of 2015
29.02.2016
As at the end of fourth quarter of 2015, AS Trigon Property Development owned one property development project involving 32.8-hectare land plot in the City of Pärnu, Niidu area.
Condensed consolidated statement of financial position as of 31 December 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 of 2015 of AS Trigon Property Development is -9,322 euros and the earnings per share is -0.00207 EUR.
As of 31 December 2015 the consolidated assets of AS Trigon Property Development were 2,427,544 euros. The consolidated equity of the company was 2,415,109 euros, corresponding to 99.49 % of the total balance sheet.
Condensed consolidated statement of financial position
|
EUR |
31.12.2015 |
31.12.2014 |
|
Cash |
100,540 |
144,536 |
|
Receivables and prepayments |
17,004 |
93,254 |
|
Total current assets |
117,544 |
237,790 |
|
Investment property |
2,310,000 |
2,350,000 |
|
Total non-current assets |
2,310,000 |
2,350,000 |
|
TOTAL ASSETS |
2,427,544 |
2,587,790 |
|
Borrowings |
0 |
12,516 |
|
Payables and prepayments |
12,435 |
26,293 |
|
Total current liabilities |
12,435 |
38,809 |
|
Long-term borrowings |
0 |
124,550 |
|
Total non-current liabilities |
0 |
124,550 |
|
Total liabilities |
12,435 |
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 |
-797,926 |
-788,604 |
|
Total equity |
2,415,109 |
2,424,431 |
|
TOTAL LIABILITIES AND EQUITY |
2,427,544 |
2,587,790 |
Condensed consolidated statement of comprehensive income
|
EUR |
12 M 2015 |
12 M 2014 |
|
Rental income |
0 |
3,420 |
|
Expenses related to investment property |
-11,963 |
-13,530 |
|
Gross loss |
-11,963 |
-10,110 |
|
Administrative and general expenses |
-31,891 |
-42,761 |
|
Changes in fair value of investment property |
36,776 |
315,960 |
|
Operating profit (loss) |
-7,078 |
263,089 |
|
Net financial income |
-2,244 |
-10,613 |
|
NET PROFIT (LOSS) FOR THE PERIOD |
-9,322 |
252,476 |
|
TOTAL COMPREHENSIVE INCOME (LOSS) |
-9,322 |
252,476 |
Ülo Adamson
Chairman of the Supervisory Board
+372 667 9200
|