Published: 2019-11-04 13:17:58 CET
UPP & CO Kauno 53
Interim information

UPP & CO Kauno 53 OÜ Q3 2019 consolidated interim report (unaudited)

UPP & CO Kauno 53 OÜ

Interim Report

July – September 2019

   

Main Events of 3Q 2019

Vacancy, payment behaviour and indexation

As of 30th of September 2019, there is no vacancy in the building and all rental and utilities payments are received in time from all tenants.

Quarterly interest payment

Interest for UPP & CO Kauno 53 OÜ bonds was paid on July and October 17th, 2019. Interest was paid to the investors who held the notes three business days prior to interest payment dates.

No other significant events occurred during the interim report period.     

Financial Performance (consolidated)

3Q 2019 – Net profit EUR 76 123

Net Sales and Net Profit

  • Net Sales amounted to EUR 320 908 in 3rd quarter
  • Net Operating Income amounted to EUR 256 037 in 3rd quarter

Expenses

  • Operating expenses amounted to EUR 64 871 in 3rd quarter
  • Interest expense on loans and bonds issued amounted to EUR 141 390

Interest-bearing liabilities

  • Bank loan repaid in 3rd quarter EUR 153 327, loan outstanding EUR 8 088 339     Issued bonds outstanding EUR 4 700 000

DSCR

  • Issuer consolidated 1.25

 

Statement of the Management Board

The financial and other additional information published in the Interim Report July – September 2019 is true and complete. Consolidated financial statements give a true and fair view of the actual financial position, results of operations and cash flows of the Company. According to the Terms and Conditions of the Note Issue, the Company confirms that during the interim report period there has been non-occurrence of an Extraordinary Early Redemption Event and according to Clause 3.4.12 of the Terms the Collateral is properly insured at all times.

Consolidated financial statements in the report for the period July – September 2019 are not audited.

Marko Tali

Member of the Management Board

Tallinn, 01.11.2019

 

Income Statement

(the Company, “Promalita” UAB and consolidated)

PROFIT/LOSS STATEMENT K53 Promalita Cons. Cons. Cons.
in euros   100% 3Q 2019 YTD 3Q 2018
           
Sales revenues 0 320 908 320 908 967 559 312 924
Other operating income 0 0 0 0  
Total revenues from operating activities 0 320 908 320 908 967 559 312 924
           
Administrative expenses -2 454 -7 013 -9 467 -35 035 -3 466
Personnel expenses 0 -84 -84 -252 -81
Depreciation of fixed assets 0 -55 320 -55 320 -166 324 -3 895
Total operating expenses -2 454 -62 417 -64 871 -201 611 -7 442
           
Profit (loss) from operating activities -2 454 258 491 256 037 765 948 305 482
           
Financial revenues (costs) 5 431 -146 821 -141 390 -422 094 -142 074
           
Net profit (loss) before taxation 2 977 111 670 114 647 343 854 163 408
Corporate income tax 0 -38 524 -38 524 -121 566 -40 498
Net profit (loss) of the period 2 977 73 146 76 123 222 288 122 910

   

Balance Sheets

(the Company, “Promalita” UAB and consolidated)

BALANCE SHEET K53 Promalita Cons. Cons.
in euros   100% 30.09.2019 30.09.2018
ASSETS        
Current assets        
Cash and bank 82 632 217 899 300 531 56 741
Accounts receivable and prepayments 36 009 10 926 11 226 13 276
Total current assets 118 641 228 825 311 757 70 017
Non-current assets        
Long-term financial investments 3 200 0 0 0
Log-term loans 5 356 350 0 0 0
Real Estate investments 0 15 700 000 15 700 000 15 350 000
Fixed assets 0 15 888 15 888 25 995
Goodwill 0 907 247 907 247 1 280 818
Total non-current assets 5 359 550 16 623 135 16 623 135 16 656 813
TOTAL ASSETS 5 478 191 16 851 960 16 934 892 16 726 830
         
LIABILITIES AND EQUITY        
Current liabilities        
Short-term loans 0 460 000 460 000 115 000
Accounts payables and other settlements 80 632 76 303 120 981 122 483
Total current liabilties 80 632 536 303 580 981 237 483
Non-current liabilities        
Long-term bank loan 0 7 628 339 7 628 339 8 433 333
Long-term bonds 4 700 000 0 4 700 000 4 700 000
Long-term shareholder's loan 671 850 5 356 350 671 850 631 850
Long-term provisions 0 2 281 949 2 281 949 2 131 689
Total non-current liabilities 5 371 850 15 266 638 15 282 138 15 896 872
TOTAL LIABILITIES 5 452 482 15 802 941 15 863 119 16 134 355
         
EQUITY        
Share capital 2 500 2 500 2 500 2 500
Retained earning 23 209 1 046 519 1 069 273 589 975
Retained earning from previous periods 22 475 824 715 846 985 235 987
Retained earnings from current period 734 221 554 222 288 353 988
TOTAL EQUITY 25 709 1 049 019 1 071 773 592 475
TOTAL LIABILITIES AND EQUITY 5 478 191 16 851 960 16 934 892 16 726 830

   

Cash Flow Statement

(the Company, “Promalita” UAB and consolidated)

CASH FLOW STATEMENT K53 Promalita Cons. Cons.
in euros   100% 3Q 2019 3Q 2018
Profit from operating activities -2 454 258 491 256 037 305 482
Amortization 0 55 320 55 320 3 895
Change in operating receivables and prepayments 0 -792 -792 1 419
Change in operating liabilities and advances 300 -32 822 -32 522 4 606
Cash flows from operations -2 154 280 197 278 043 315 402
         
Received interest 109 508 0 0 0
Cash flows from investments 109 508 0 0 0
         
Loans received and bonds issued 0 0 0 2 000
Repayments of loans and redeemed bonds 0 -153 333 -153 333 -221 500
Paid interest -104 077 -146 821 -141 390 -139 909
Cash flows from financing -104 077 -300 154 -294 723 -359 409
         
Total cash flows 3 277 -19 957 -16 680 -44 007
         
Cash at the beginning of period 79 355 237 856 317 211 100 748
Changes in cash 3 277 -19 957 -16 680 -44 007
Cash at the end of period 82 632 217 899 300 531 56 741

 

UPP & CO Kauno 53 OÜ

Pärnu mnt. 141

11314 Tallinn, Estonia

Phone +372 6616 450

E-mail: property@unitedpartners.ee

www.unitedpartners.ee

 

         Siim Sild
         Director
         +372 5626 0107
         siim.sild@unitedpartners.ee


Interim+Report_Jul-Sept_3Q2019.pdf