Published: 2019-05-31 15:39:55 CEST
Trigon Property Development
Quarterly report

Unaudited financial report for the first quarter of 2019

The main business activity of Trigon Property Development AS is real estate development. As at 31.03.2019, AS Trigon Property Development owned one development project with an area of 21.87 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 2019 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 3 months of 2019 of AS Trigon Property Development is -5,544 euros and the earnings per share  is -0.00123 EUR.

As of 31 March 2019 the assets of AS Trigon Property Development were 1,783,723 euros. The equity of the company was 1,783,505 euros, corresponding to 99.99 % of the total balance sheet.

Condensed statement of financial position

EUR31.03.201931.12.2018
Cash58,38173,296
Receivables and prepayments3,8683,192
Total current assets62,24976,488
Investment property1,721,4741,721,474
Total non-current assets1,721,4741,721,474
TOTAL ASSETS1,783,7231,797,962
Payables and prepayments2188,913
Total current liabilities2188,913
Total liabilities2188,913
Share capital at book value2,299,0202,299,020
Share premium226,056226,056
Statutory reserve capital287,542287,542
Accumulated loss-1,029,113-1,023,569
Total equity1,783,5051,789,049
TOTAL LIABILITIES AND EQUITY1,783,7231,797,962

Condensed statement of comprehensive income

EUR1Q 20191Q 2018
Expenses related to investment property-2,156-2,216
Gross loss-2,156-2,216
Administrative and general expenses-3,390-3,275
Operating loss-5,546-5,491
Net financial income21
NET LOSS FOR THE PERIOD-5,544-5,490
TOTAL COMPREHENSIVE LOSS-5,544-5,490

Rando Tomingas
Member of The Management Board
+372 667 9200

Attachment


2019 I Q interim ENG.pdf