Market announcement
AS Trigon Property Development
LEI code
549300EVKRFJ9KNYZ593
Size of the entity
Micro undertaking
Economic activities
Real Estate Activities
Country of registered office
Estonia
General information
Categories
Annual financial report
Unique data record identifier
2221
Attachments
Submission date and time
30.04.2009 17:16:21
Content of announcement in Estonian
Title
TPD: AS Trigon Property Development Auditeeritud Majandustulemused, 2008 aasta
Message
30.04.2009 2008. aasta lõpuga omas AS Trigon Property Development ühte arendusprojekti, milleks on 40 hektari suurune maa-ala Pärnu linnas, Niidu piirkonnas. Käesolevas teates esitatud bilanss seisuga 31.12.2008 ja 31.12.2007 kajastab täielikult AS Trigon Property Development varasid, kohustusi ja omakapitali, mis jäid ettevõttesse peale AS Viisnurk eraldumist. Esitatud 2008. aasta kasumiaruandes on kajastatud AS Trigon Property Development kasum ning võrdlusandmetes AS Trigon Property Development ja AS Viisnurk kasum, kuna raamatupidamislikult eraldati AS Viisnurk varad, kohustused ja omakapital AS Trigon Property Development finantsaruannetest seisuga 30.09.2007. Vastavalt esitatud kasumiaruandele on AS Trigon Property Development 2008. aasta puhaskahjum 13 180 tuhat EEK ja puhaskahjum aktsia kohta 2,93 EEK. Aruandeperioodi konsolideeritud kahjum on tingitud omandis oleva kinnisvara ümberhindlusest kogusummas miinus EEK 13 259 tuhat. Seisuga 31.12.2008 moodustasid AS Trigon Property Development konsolideeritud varad kokku EEK 124 474 tuhat. Ühingu konsolideeritud omakapital moodustas EEK 121 139 tuhat, mis moodustas 97,32% bilansimahust. Lühendatud konsolideeritud bilanss -------------------------------------------------------------------------------- | | tuh EEK | tuh EEK | tuh EUR | tuh EUR | -------------------------------------------------------------------------------- | | 31.12.2008 | 31.12.2007 | 31.12.2008 | 31.12.2007 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Raha | 69 | 372 | 4 | 24 | -------------------------------------------------------------------------------- | Nõuded ja ettemaksud | 125 | 84 | 8 | 5 | -------------------------------------------------------------------------------- | Käibevara kokku | 194 | 456 | 12 | 29 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kinnisvarainvesteeri | 124 280 | 137 251 | 7 943 | 8 772 | | ngud | | | | | -------------------------------------------------------------------------------- | Põhivara kokku | 124 280 | 137 251 | 7 943 | 8 772 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | AKTIVA KOKKU | 124 474 | 137 707 | 7 955 | 8 801 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Laenukohustused | 1 026 | 392 | 65 | 25 | -------------------------------------------------------------------------------- | Võlad ja ettemaksed | 155 | 450 | 10 | 29 | -------------------------------------------------------------------------------- | Lühiajalised | 1 181 | 842 | 75 | 54 | | kohustused kokku | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Pikaajalised | 2 154 | 2 546 | 138 | 163 | | laenukohustused | | | | | -------------------------------------------------------------------------------- | Pikaajalised | 2 154 | 2 546 | 138 | 163 | | kohustused kokku | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kohustused kokku | 3 335 | 3 388 | 213 | 217 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Aktsiakapital | 44 991 | 44 991 | 2 875 | 2 875 | | nimiväärtuses | | | | | -------------------------------------------------------------------------------- | Ülekurss | 3 537 | 3 537 | 226 | 226 | -------------------------------------------------------------------------------- | Kohustuslik | 4 499 | 4 499 | 288 | 288 | | reservkapital | | | | | -------------------------------------------------------------------------------- | Jaotamata kasum | 68 112 | 81 292 | 4 353 | 5 195 | -------------------------------------------------------------------------------- | Omakapital kokku | 121 139 | 134 319 | 7 742 | 8 584 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | PASSIVA KOKKU | 124 474 | 137 707 | 7 955 | 8 801 | -------------------------------------------------------------------------------- Lühendatud konsolideeritud kasumiaruanne -------------------------------------------------------------------------------- | | tuh EEK | tuh EEK | tuh EUR | tuh EUR | -------------------------------------------------------------------------------- | | 2008 | 2007 | 2008 | 2007 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Jätkuvad | | | | | | tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Renditulu | 468 | 342 | 30 | 22 | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringu | (180) | (180) | (12) | (12) | | tega seotud kulud | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Brutokasum | 288 | 162 | 18 | 10 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Üldhalduskulud | (378) | (631) | (24) | (40) | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringu | (13 | 26 332 | (847) | 1 683 | | õiglase väärtuse muutus | 259) | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ärikahjum (-kasum) | (13 | 25 863 | (838) | 1 653 | | | 123) | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Neto finantskulu | (57) | (38) | (4) | (2) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kahjum (kasum) | (13 | 25 825 | (842) | 1 651 | | jätkuvatest | 180) | | | | | tegevusvaldkondadest | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kasum lõpetatud | 0 | 11 875 | 0 | 758 | | tegevusvaldkondadest | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kahjum (kasum) enne | (13 | 37 700 | (842) | 2 409 | | tulumaksu | 180) | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Tulumaks | 0 | (475) | 0 | (30) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | PERIOODI PUHASKAHJUM | (13 | 37 225 | (842) | 2 379 | | (-KASUM) | 180) | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Tava puhaskahjum | -2,93 | 8,27 | -0,19 | 0,53 | | (-kasum) aktsia kohta | | | | | -------------------------------------------------------------------------------- | Lahustatud puhaskahjum | -2,93 | 8,27 | -0,19 | 0,53 | | (-kasum) aktsia kohta | | | | | -------------------------------------------------------------------------------- Ülo Adamson Nõukogu esimees Investorsuhted +372 51 39 424
Content of announcement in English
Title
TPD: audited Financial results of Trigon Property Development, 2008
Message
30.04.2009 As at the end of year 2008, AS Trigon Property Development owned one property development project involving 40-hectare land plot in the City of Pärnu, Niidu area. The balance sheet as of 31.12.2008 and 31.12.2007 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development, which remained in the company after separation of AS Viisnurk. The current income statement for year 2008 reflects the profit of AS Trigon Property Development and the comparative information reflects the profit of AS Trigon Property Development and AS Viisnurk because the assets, liabilities and equity capital of AS Viisnurk were separated from the financial reports of AS Trigon Property development as of 30.09.2007. According to the presented income statement the net loss for 2008 of AS Trigon Property Development is 13 180 thousand EEK and the earnings per share is -2.93 EEK. Consolidated loss for the accounting period results from revaluation of the real estate in the total amount of minus EEK 13 259 thousand. As of 31.12.2008 the consolidated assets of AS Trigon Property Development was EEK 124 474 thousand. The consolidated equity of the company was EEK 121 139 thousand, corresponding to 97.32 % of the total balance sheet. Condensed consolidated balance sheet -------------------------------------------------------------------------------- | | EEK thous | EEK thous | EUR thous | EUR thous | -------------------------------------------------------------------------------- | | 31.12.2008 | 31.12.2007 | 31.12.2008 | 31.12.2007 | -------------------------------------------------------------------------------- | Cash | 69 | 372 | 4 | 24 | -------------------------------------------------------------------------------- | Receivables and | 125 | 84 | 8 | 5 | | prepayments | | | | | -------------------------------------------------------------------------------- | Total current assets | 194 | 456 | 12 | 29 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Investment property | 124 280 | 137 251 | 7 943 | 8 772 | -------------------------------------------------------------------------------- | Total non-current assets | 124 280 | 137 251 | 7 943 | 8 772 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | TOTAL ASSETS | 124 474 | 137 707 | 7 955 | 8 801 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Borrowings | 1 026 | 392 | 65 | 25 | -------------------------------------------------------------------------------- | Payables and prepayments | 155 | 450 | 10 | 29 | -------------------------------------------------------------------------------- | Total current | 1 181 | 842 | 75 | 54 | | liabilities | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Long-term borrowings | 2 154 | 2 546 | 138 | 163 | -------------------------------------------------------------------------------- | Total non-current | 2 154 | 2 546 | 138 | 163 | | liabilities | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total liabilities | 3 335 | 3 388 | 213 | 217 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Share capital at nominal | 44 991 | 44 991 | 2 875 | 2 875 | | value | | | | | -------------------------------------------------------------------------------- | Share premium | 3 537 | 3 537 | 226 | 226 | -------------------------------------------------------------------------------- | Statutory reserve | 4 499 | 4 499 | 288 | 288 | | capital | | | | | -------------------------------------------------------------------------------- | Retained earnings | 68 112 | 81 292 | 4 353 | 5 195 | -------------------------------------------------------------------------------- | Total equity | 121 139 | 134 319 | 7 742 | 8 584 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | TOTAL LIABILITIES AND | 124 474 | 137 707 | 7 955 | 8 801 | | EQUITY | | | | | -------------------------------------------------------------------------------- Condensed consolidated income statement -------------------------------------------------------------------------------- | | EEK | EEK thous | EUR thous | EUR thous | | | thous | | | | -------------------------------------------------------------------------------- | | 2008 | 2007 | 2008 | 2007 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Continuing operations | | | | | -------------------------------------------------------------------------------- | Rental income | 468 | 342 | 30 | 22 | -------------------------------------------------------------------------------- | Expenses related to | (180) | (180) | (12) | (12) | | investment property | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross profit | 288 | 162 | 18 | 10 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Administrative and | (378) | (631) | (24) | (40) | | general expenses | | | | | -------------------------------------------------------------------------------- | Change in value of | (13 259) | 26 332 | (847) | 1 683 | | investment property | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating loss (profit) | (13 123) | 25 863 | (838) | 1 653 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net financial income | (57) | (38) | (4) | (2) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Loss (profit) from | (13 180) | 25 825 | (842) | 1 651 | | continuing operations | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit from discontinued | 0 | 11 875 | 0 | 758 | | operations | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Loss (profit) before | (13 180) | 37 700 | (842) | 2 409 | | income tax | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Corporate income tax | 0 | (475) | 0 | (30) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NET LOSS (PROFIT) FOR THE | (13 180) | 37 225 | (842) | 2 379 | | PERIOD | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Basic earnings per share | -2.93 | 8.27 | -0.19 | 0.53 | -------------------------------------------------------------------------------- | Diluted earnings per | -2.93 | 8.27 | -0.19 | 0.53 | | share | | | | | -------------------------------------------------------------------------------- Ülo Adamson Chairman of the Supervisory Board Investor Relations +372 51 39 424