Market announcement
AS MERKO EHITUS
LEI code
529900AS1XLZP15O8887
Size of the entity
Large group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
2535
Submission date and time
18.12.2009 16:45:00
Content of announcement in Estonian
Title
Osaluse omandamine
Message
AS Merko Ehitus omandas 18.12.2009 AS-ilt E.L.L. Kinnisvara 100%-lise osaluse
äriühingus OÜ Tähelinna Kinnisvara (registrikood 10723293). Ettevõtte
ostuhinnaks oli 51,9 mln krooni ning kogu summa tasuti müüjale koheselt osaluse
omandamisel.
OÜ Tähelinna Kinnisvara asutati 2001. aastal ning ettevõtte põhitegevusalaks on
kinnisvaraarendus ja -investeeringud. Ettevõttele kuulub 2003. aastal valminud
kuuekorruseline büroohoone suurusega 4542 m² aadressil Järvevana tee 9G,
Tallinn, kus asub AS Merko Ehitus peakontor.
19.10.2009 esitas sõltumatu osapool AS-ile E.L.L. Kinnisvara pakkumise
Tallinnas Järvevana tee 9G asuva kinnistu või kinnistut omava ettevõtte OÜ
Tähelinna Kinnisvara ostuks, lähtudes kinnistu turuhinnast 58 mln krooni. Osa
müügihinna arvestamisel lisandus kinnistu hinnale ettevõtte käibevarade ning
kohustuste saldo. AS-i Merko Ehitus juhtkonna hinnangul oli pakutud hind -
12 770 krooni hoone brutoruutmeetri kohta soodne ning ettevõte otsustas kasutada
üürilepingus sätestatud osaniku vahetusega kaasnevat ostueesõigust.
Vastavalt NASDAQ OMX Tallinna Börsi poolt emitendile kehtestatud reeglitele
tuleb eelnimetatud müügitehingut käsitleda tehinguna seotud osapoolega. AS
Merko Ehitus nõukogu ja juhatuse liikmed ei ole tehingust muul viisil
isiklikult huvitatud. Tehing on sooritatud turutingimustel.
OÜ Tähelinna Kinnisvara
Kasumiaruanne (kroonides)
9 kuud 2009 2008 2007
Müügitulu 6 344 083 8 536 580 7 961 270
Müüdud teenuste kulu (2 526 831) (3 596 479) (2 732 533)
Brutokasum 3 817 252 4 940 201 5 228 737
Üldhalduskulud (160 732) (188 888) (314 949)
Turustuskulud (4 494) - -
Muud äritulud - 2 371 3 226
Muud ärikulud (3 254) - (2 149)
Ärikasum 3 648 772 4 753 684 4 914 865
Finantstulud ja -kulud 16 971 (931 450) (849 602)
Puhaskasum 3 665 743 3 822 234 4 065 263
Finantsseisundi aruanne (kroonides)
30.09.2009 31.12.2008 31.12.2007
VARA
Käibevara
Raha ja pangakontod 2 412 582 904 582 928 884
Nõuded ja ettemaksed 27 540 045 260 829 243 043
Käibevara kokku 29 952 627 1 165 411 1 171 927
Põhivara
Pikaajalised finantsinvesteer. - 26 352 717 23 601 900
Kinnisvarainvesteeringud 31 000 837 31 750 244 32 749 454
Materiaalne põhivara 248 450 302 043 322 839
Põhivara kokku 31 249 287 58 405 004 56 674 193
VARA KOKKU 61 201 914 59 570 415 57 846 120
KOHUSTUSED JA OMAKAPITAL
Lühiajalised kohustused
Laenukohustused 415 162 2 265 240 2 167 148
Võlad ja ettemaksed 242 210 426 376 379 231
Lühiajalised kohustused kokku 657 372 2 691 616 2 546 379
Pikaajalised kohustused
Pikaajalised laenukohustused 36 490 106 36 490 106 38 733 282
Pikaajalised kohustused kokku 36 490 106 36 490 106 38 733 282
Kohustused kokku 37 147 478 39 181 722 41 279 661
Omakapital
Osakapital 40 000 40 000 40 000
Kohustuslik reservkapital 4 000 4 000 4 000
Eelmiste per. jaotamata kasum 20 344 693 16 522 459 12 457 196
Aruandeaasta kasum 3 665 743 3 822 234 4 065 263
Omakapital kokku 24 054 436 20 388 693 16 566 459
KOHUSTUSED JA OMAKAPITAL KOKKU 61 201 914 59 570 415 57 846 120
1 EUR = 15,6466 EEK
Alar Lagus
Juhatuse liige
6 805 109
[email protected]
Content of announcement in English
Title
Acquisition of holding
Message
On 18 December 2009, AS Merko Ehitus acquired the 100% holding in the company
OÜ Tähelinna Kinnisvara (registry code 10723293) from AS E.L.L. Kinnisvara. The
purchase price of the company was EEK 51.9 million, which was paid to the
seller in full upon the conclusion of the transaction.
The company OÜ Tähelinna Kinnisvara was established in 2001. The principal
activity of the company is property development and investments. The company
owns a six-storey office building (with 4542 sq. m of area) at Järvevana tee
9G, Tallinn; the building was completed in 2003 and houses the headquarters of
AS Merko Ehitus.
On 19 October 2009, an unrelated party made a bid to E.L.L. Kinnisvara AS to
buy the property at Järvevana 9G in Tallinn or the company OÜ Tähelinna
Kinnisvara (the owner of the property), based on the market price of the
property (EEK 58 million). In the calculation of the purchase price of the
holding, the price of the property was offset against the balance of the
company's current assets and liabilities. The opinion of the management of AS
Merko Ehitus was that the proposed price of EEK 12 770 per gross sq. m was a
good bargain and the company decided to exercise its right of pre-emption,
arising upon the intended transfer of holding, pursuant to the lease agreement.
Pursuant to the rules for issuers as established by the NASDAQ OMX Tallinn
Stock Exchange, the abovementioned sales transaction is considered a
related-party transaction. The members of the supervisory and executive boards
of AS Merko Ehitus have no other, personal interests in the transaction. The
transaction was concluded in accordance with current market conditions.
OÜ Tähelinna Kinnisvara
Income statement (in kroons)
9 months 2009 2008 2007
Revenue 6 344 083 8 536 580 7 961 270
Cost of goods sold (2 526 831) (3 596 479) (2 732 533)
Gross profit 3 817 252 4 940 201 5 228 737
Administrative and general exp. (160 732) (188 888) (314 949)
Marketing expenses (4 494) - -
Other operating income - 2 371 3 226
Other operating expenses (3 254) - (2 149)
Operating expenses 3 648 772 4 753 684 4 914 865
Financial income and expenses 16 971 (931 450) (849 602)
Net profit 3 665 743 3 822 234 4 065 263
Statement of financial position (in kroons)
30.09.2009 31.12.2008 31.12.2007
ASSETS
Current assets
Cash and cash equivalents 2 412 582 904 582 928 884
Trade and other receivables 27 540 045 260 829 243 043
Total current assets 29 952 627 1 165 411 1 171 927
Non-current assets
Long-term financial investments - 26 352 717 23 601 900
Investment property 31 000 837 31 750 244 32 749 454
Property, plant and equipment 248 450 302 043 322 839
Total non-current assets 31 249 287 58 405 004 56 674 193
TOTAL ASSETS 61 201 914 59 570 415 57 846 120
LIABILITIES AND EQUITY
Current liabilities
Borrowings 415 162 2 265 240 2 167 148
Trade and other payables 242 210 426 376 379 231
Total current liabilities 657 372 2 691 616 2 546 379
Non-current liabilities
Long-term borrowings 36 490 106 36 490 106 38 733 282
Total non-current liabilities 36 490 106 36 490 106 38 733 282
Total liabilities 37 147 478 39 181 722 41 279 661
Equity
Share capital 40 000 40 000 40 000
Statutory reserve capital 4 000 4 000 4 000
Retained earnings 20 344 693 16 522 459 12 457 196
Net profit for current period 3 665 743 3 822 234 4 065 263
Total equity 24 054 436 20 388 693 16 566 459
TOTAL LIABILITIES AND EQUITY 61 201 914 59 570 415 57 846 120
1 EUR = 15.6466 EEK
Alar Lagus
Member of the Board
+372 6 805 109
[email protected]