Published: 2018-08-31 16:40:03 CEST
Trigon Property Development
Half Year financial report

Unaudited financial report for the second quarter and 6 months of 2018

As at 30.06.2018, 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 30 June 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 6 months of 2018 of AS Trigon Property Development is -11,811 euros and the earnings per share  is -0.00263 EUR.

As of 30 June 2018 the assets of AS Trigon Property Development were 1,807,615 euros. The equity of the company was 1,805,887 euros, corresponding to 99.90 % of the total balance sheet.

Condensed statement of financial position

EUR30.06.201831.12.2017
Cash15,45178,106
Receivables and prepayments6909,231
Total current assets16,14187,337
Investment property1,791,4741,791,474
Total non-current assets1,791,4741,791,474
TOTAL ASSETS1,807,6151,878,811
Payables and prepayments1,72861,113
Total current liabilities1,72861,113
Total liabilities1,72861,113
Share capital at book value2,299,0202,299,020
Share premium226,056226,056
Statutory reserve capital287,542287,542
Accumulated loss-1,006,731-994,920
Total equity1,805,8871,817,698
TOTAL LIABILITIES AND EQUITY1,807,6151,817,698

Condensed statement of comprehensive income

EUR6 M 20186 M 2017
Expenses related to investment property-4,432-28,616
Gross loss-4,432-28,616
Administrative and general expenses-7,380-24,878
Operating loss-11,812-53,494
Net financial income114
NET LOSS FOR THE PERIOD-11,811-53,480
TOTAL COMPREHENSIVE LOSS-11,811-53,480

Joakim Helenius
Chairman of the Supervisory Board
+372 667 9200


Attachment


2018 II Q interim ENG.pdf