Published: 2019-08-30 15:43:37 CEST
Trigon Property Development
Half Year financial report

Unaudited financial report for the second quarter and 6 months of 2019

The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2019, 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.

Condensed statement of financial position as of 30 June 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 6 months of 2019 of AS Trigon Property Development is -16,112 euros and the earnings per share  is -0.00358 EUR.

As of 30 June 2019 the assets of AS Trigon Property Development were 1,773,694 euros. The equity of the company was 1,772,937 euros, corresponding to 99.96 % of the total balance sheet.

Condensed statement of financial position

EUR30.06.201931.12.2018
Cash50,37773,296
Receivables and prepayments1,8433,192
Total current assets52,22076,488
Investment property1,721,4741,721,474
Total non-current assets1,721,4741,721,474
TOTAL ASSETS1,773,6941,797,962
Payables and prepayments7578,913
Total current liabilities7578,913
Total liabilities7578,913
Share capital at book value2,299,0202,299,020
Share premium226,056226,056
Statutory reserve capital287,542287,542
Accumulated loss-1,039,681-1,023,569
Total equity1,772,9371,789,049
TOTAL LIABILITIES AND EQUITY1,773,6941,797,962

Condensed statement of comprehensive income

EUR6 M 20196 M 2018
Expenses related to investment property-7,311-4,432
Gross loss-7,311-4,432
Administrative and general expenses-8,804-7,380
Operating loss-16,115-11,812
Net financial income31
NET LOSS FOR THE PERIOD-16,112-11,811
TOTAL COMPREHENSIVE LOSS-16,112-11,811

Rando Tomingas
Member of the Management Board 
+372 667 9200

Attachment


2019 II Q interim ENG.pdf