Published: 2016-02-29 14:17:47 CET
Trigon Property Development
Quarterly report

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

 

 


2015 IV Q interim ENG.pdf