Published: 2016-05-27 15:00:00 CEST
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the first quarter of 2016

27.05.2016

As at the end of first quarter of 2016, AS Trigon Property Development owned one property development project involving 32.8-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 31 March 2016 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 quarter of 2016 of AS Trigon Property Development is -13,091 euros and the earnings per share  is -0.00291 EUR. 

As of 31 March 2016 the consolidated assets of AS Trigon Property Development were 2,403,564 euros. The consolidated equity of the company was 2,402,018 euros, corresponding to 99.94 % of the total balance sheet.

Condensed consolidated statement of financial position

EUR   31.03.2016 31.12.2015
Cash   93 130 100 540
Receivables and prepayments   434 17 004
Total current assets   93 564 117 544
Investment property   2 310 000 2 310 000
Total non-current assets   2 310 000 2 310 000
TOTAL ASSETS   2 403 564 2 427 544
Payables and prepayments   1 546 12 435
Total current liabilities   1 546 12 435
Total liabilities   1 546 12 435
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   -811 017 -797 926
Total equity   2 402 018 2 415 109
TOTAL LIABILITIES AND EQUITY   2 403 564 2 427 544

 

Condensed consolidated statement of comprehensive income

 

EUR I Q 2016 I Q 2015
Expenses related to investment property -5 609 -5 382
Gross loss -5 609 -5 382
Administrative and general expenses -7 485 -7 441
Operating loss -13 094 -12 823
Net financial income 3 -892
NET LOSS FOR THE PERIOD -13 091 -13 715
TOTAL COMPREHENSIVE LOSS -13 091 -13 715

 

 

Joakim Helenius

Chairman of the Supervisory Board

+372 667 9200

 


2016 I Q interim ENG.pdf