Published: 2016-08-31 15:00:00 CEST
Trigon Property Development
Quarterly report

Consolidated unaudited financial report for the second quarter and 6 months of 2016

As at the end of second 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 30 June 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 6 months of 2016 of AS Trigon Property Development is -23,600 euros and the earnings per share  is -0.00525 EUR. 

As of 30 June 2016 the consolidated assets of AS Trigon Property Development were 2,394,606 euros. The consolidated equity of the company was 2,391,509 euros, corresponding to 99.87 % of the total balance sheet. 

Condensed consolidated statement of financial position

EUR   30.06.2016 31.12.2015
Cash   81,460 100,540
Receivables and prepayments   3,146 17,004
Total current assets   84,606 117,544
Investment property   2,310,000 2,310,000
Total non-current assets   2,310,000 2,310,000
TOTAL ASSETS   2,394,606 2,427,544
Payables and prepayments   3,097 12,435
Total current liabilities   3,097 12,435
Total liabilities   3,097 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   -821,526 -797,926
Total equity   2,391,509 2,415,109
TOTAL LIABILITIES AND EQUITY   2,394,606 2,427,544

 

Condensed consolidated statement of comprehensive income

EUR 6 M 2016 6 M 2015
Expenses related to investment property -6,309 -5,382
Gross loss -6,309 -5,382
Administrative and general expenses -15,696 10,353
Change in fair value of investment property -1,600 0
Operating loss -23,605 -15,735
Net financial income 5 -2,241
NET LOSS FOR THE PERIOD -23,600 -17,976
TOTAL COMPREHENSIVE LOSS -23,600 -17,976

 

   

Joakim Helenius

Chairman of the Supervisory Board

+372 667 9200

 


2016 II Q interim ENG.pdf