Published: 2018-05-31 16:34:23 CEST
Trigon Property Development
Quarterly report

Unaudited financial report for the first quarter of 2018

31.05.2018

As at 31.03.2018, AS Trigon Property Development owned one development project with an area of 22,39 hectares in the City of Pärnu, Estonia. An industrial and logistics park is planned to be developed on this area. The Company’s objective is to find companies willing to bring their business activities (industry, logistics) to the development project area of AS Trigon Property Development in Pärnu, which would add value to the land plots owned by the Company. The realisation of the value of the land is planned through the selling of land plots or through the development of real estate with the intention of creating a rental income-generating project.

Condensed statement of financial position as of 31 March 2018 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.

According to the condensed statement of comprehensive income the net loss for first quarter of 2018 of AS Trigon Property Development is -5,490 euros and the earnings per share  is -0.00122 EUR.

As of 31 March 2018 the assets of AS Trigon Property Development were 1,814,827 euros. The equity of the company was 1,812,208 euros, corresponding to 99.86 % of the total balance sheet.

Condensed statement of financial position

EUR31.03.201831.12.2017
Cash22,44878,106
Receivables and prepayments9059,231
Total current assets23,35387,337
Investment property1,791,4741,791,474
Total non-current assets1,791,4741,791,474
TOTAL ASSETS1,814,8271,878,811
Payables and prepayments2,61961,113
Total current liabilities2,61961,113
Total liabilities2,61961,113
Share capital at book value2,299,0202,299,020
Share premium226,056226,056
Statutory reserve capital287,542287,542
Accumulated loss-1,000,410-994,920
Total equity1,812,2081,817,698
TOTAL LIABILITIES AND EQUITY1,814,8271,878,811

Condensed statement of comprehensive income

EURI Q 2018I Q 2017
Expenses related to investment property-2,216-11,499
Gross loss-2,216-11,499
Administrative and general expenses-3,275-14,356
Operating loss-5,491-25,855
Net financial income11
NET LOSS FOR THE PERIOD-5,490-25,854
TOTAL COMPREHENSIVE LOSS-5,490-25,854

Joakim Helenius
Chairman of the Supervisory Board
+372 667 9200

Attachment


2018 I Q interim ENG.pdf