Market announcement
AS Pro Kapital Grupp
LEI code
097900BGM10000061519
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Half-yearly financial report
Unique data record identifier
4601
Attachments
Submission date and time
22.08.2014 08:00:00
Content of announcement in Estonian
Title
2014 A. II KVARTALI JA 6 KUU KONSOLIDEERITUD VAHEARUANNE (AUDITEERIMATA)
Message
Tallinn, 2014-08-22 07:00 CEST (GLOBE NEWSWIRE) --
2014.a. teises kvartalis jätkas AS Pro Kapital Grupp uute hoonete ehitustöödega
kahes elamuarendusprojektis – Saltiniu Namai kvartalis Vilniuses ning Tondi
Elukvartalis Tallinnas. Mõlema projekti eelmüük on olnud edukas, vahearuande
avaldamise ajaks on Vilniuse projektis sõlmitud eelmüügilepingud 19 korterist
16-le ning Tallinnas 31 korterist 13-le.
Lisaks sõlmis AS Pro Kapital Grupp tütarettevõte AS Tallinna Moekombinaat
AS-iga Nordecon lepingu Tallinnas Peterburi tee 2 aadressil asuva
kaubanduskeskuse ehitussüvendi kaevetööde teostamiseks eesmärgiga viia lõpule
kaubanduskeskuse ehituse ettevalmistustööd.
13. juunil avaldas ettevõtte finantsjuht Ruta Juzulenaite soovi lahkuda augusti
lõpus isiklikel põhjustel ja omal soovil ametist. Ettevõtte uueks finantsjuhiks
saab alates 1. septembrist seni finantskontrolleri ülesandeid täitnud Angelika
Annus, kes on töötanud ettevõttes erinevatel ametikohtadel alates 1998.
aastast.
Ettevõtte kogukäive 6 kuu jooksul moodustas 5,9 miljonit eurot, kahanedes
võrdlusperioodi suhtes 10% võrra. Ärikahjum suurenes 6 kuu jooksul 0,2 mln euro
võrra (20%) ning moodustas 1,2 mln eurot (2013 6 kuud: 1,0 mln eurot
ärikahjumit). Ärikahjum teises kvartalis oli 0,6 mln eurot (2013 2. kv: 0,03
mln eurot ärikasumit). Puhaskahjum 6 kuu jooksul kasvas 0,6 mln euro võrra
(43%) võrreldes eelmise aasta sama perioodiga moodustades 2,0 mln eurot (2013 6
kuud: 1,4 mln eurot puhaskahjumit). 2014. a. teise kvartali netokahjum oli 1,1
mln eurot (2013 2. kv: 0,5 mln eurot puhaskahjumit).
Peamised finantsnäitajad
2014 6 kuud 2013
6 kuud 2014 2 kv. 2013 2 kv.
Käive (tuhat eurot) 5 909
6 541 2 748 3 525
Ärikasum (tuhat eurot) 1 410 1
632 647 1 318
Brutokasum, % 23,86%
24,95% 23,54% 37,39%
Ärikasum/ -kahjum, (tuhat eurot) -1 191 -976
-640 32
Ärikasum/ -kahjum, % -20,16% -14,92%
-23,29% 0,91%
Puhaskasum/ -kahjum (tuhat eurot) -1 960 -1 395
-1 050 -484
Puhaskasum/ -kahjum, % -33,17% -21,33%
-38,21% -13,73%
Kasum/ -kahjum aktsia kohta (eurot) -0,04 -0,03
-0,02 -0,01
30.06.2014
31.12.2013
Varad kokku (tuhat eurot) 97 392 98 294
Kohustused kokku (tuhat eurot) 34 248 33 599
Omakapital kokku (tuhat eurot) 63 144 64 695
Võla/omakapitali suhe * 0,54
0,52
Varade tootlus, % -2,0
-1,4%
Omakapitali tootlus, % -3,1% -2,1%
Aktsia puhasväärtus, eurot 1,17 1,20
Konsolideeritud finantsseisundi vahearuanne
(tuhat eurot) Lisad
30.06.2014 31.12.2013
VARAD
Käibevara
Raha ja raha ekvivalendid 2 820
2 759
Lühiajalised nõuded 2
870 2 738
Varud
44 866 45 587
Käibevara kokku 50
556 51 084
Põhivara
Pikaajalised nõuded
168 168
Edasilükkunud tulumaksu vara 538
540
Materiaalne põhivara 5 19
853 20 221
Kinnisvarainvesteeringud 6 26 001
26 001
Immateriaalne vara
276 280
Põhivara kokku 46
836 47 210
VARAD KOKKU 97 392
98 294
KOHUSTUSED JA OMAKAPITAL
Lühiajalised kohustused
Lühiajalised laenukohustused 7 11 493
11 730
Ostjate ettemaksed 1
069 501
Lühiajalised võlgnevused 2 864
2 133
Maksukohustused
114 189
Lühiajalised eraldised
21 47
_______________________
Lühiajalised kohustused kokku 15 561
14 600
Pikaajalised kohustused
Pikaajalised laenukohustused 7 16 834
17 040
Muud pikaajalised kohustused 51
54
Edasilükkunud tulumaksukohustus 1 650
1 758
Pikaajalised eraldised
152 147
_______________________
Pikaajalised kohustused kokku 18 687
18 999
_______________________
KOHUSTUSED KOKKU 34 248 33
599
Emaettevõtte omanikele
kuuluv omakapital
Aktsiakapital nimiväärtuses 10 821
10 821
Aažio
1 474 1 474
Kohustuslik reservkapital 1
064 1 064
Ümberhindlusreserv 11
330 11 330
Kursivahed
-1 277 -1 277
Eelmiste perioodide jaotamata kasum 39 778 42
378
Aruandeperioodi kahjum -1 946
-2 600
________________________
Emaettevõtte omanikele kuuluv
omakapital kokku 61
244 63 190
Mittekontrolliv osalus 1 900
1 505
________________________
OMAKAPITAL KOKKU 63 144
64 695
________________________
KOHUSTUSED JA OMAKAPITAL KOKKU 97 392 98 294
Konsolideeritud koondkasumi vahearuanne
(tuhat eurot) Lisad 2014 6 kuud 2013 6 kuud
2014 2 kv. 2013 2 kv.
____________________________________________________________________________
Põhitegevustulu
Tulu 3, 8 5 909
6 541 2 748 3 525
Müüdud toodete ja
teenuste kulu 9 -4 499
-4 909 -2 101 -2 207
___________________________________________________
Brutokasum 1 410
1 632 647 1 318
Turunduskulu -243
-201 -127 -129
Üldhalduskulu 10 -2 330
-2 396 -1 126 -1 177
Muud tulud 235
111 159 30
Muud kulud -263
-122 -193 -10
___________________________________________________
Ärikasum (-kahjum) -1 191
-976 -640 32
Finantstulu 11 41
427 9 0
Finantskulu 11 -796
-850 -410 -507
__________________________________________________
Kasum (-kahjum) enne
tulumaksu -1 946
-1 399 -1 041 -475
Tulumaks -14
4 -9 -9
_________________________________________________-
Puhaskasum (-kahjum) -1 960 -1 395
-1 050 -484
Kasum (-kahjum) kursivahedest 0 -36
0 -42
Emaettevõtte omanikele
kuuluv osa -1 946
-1 443 -1 035 -541
Mittekontrolliv osalus -14
12 -15 15
Kasum aktsia kohta (eurot) 12 -0,04 -0,03
-0,02 -0,01
Lahustatud kasum aktsia
kohta (eurot) 12 -0,04
-0,03 -0,02 -0,01
Konsolideeritud rahavoogude vahearuanne
(tuhat eurot) Lisad 2014
2013 2014 2013
6kuud 6 kuud 2kv. 2kv.
___________________________________________________________________________
Rahajäägi muutus põhitegevusest
Puhaskahjum -1 960
-1 395 -1 050 -484
Korrigeerimised:
Materiaalse ja immateriaalse
põhivara kulum 3 325
406 130 212
Kahjum kinnisvara õiglase
väärtuse muutusest 6 261
100 208 57
Kasum põhivara müügist -2
-4 0 -2
Kasum osaluse tütarettevõtjas
muutumisest 4 -19
0 -2 0
Finantstulud ja –kulud, neto 11 829
807 475 476
Kasum (-kahjum) valuutakursi
muutusest 0
36 0 30
Muud mitterahalised tehingud 532
-848 686 -1421
Muutused:
Lühiajalistes nõuetes ja ettemaksetes -132 168
-79 385
Varudes 721
1 471 -7 744
Kohustustes ja ettemaksetes 824
-554 663 862
Provisjonides -21
-1468 -22 -1469
______________________________________
Rahajäägi muutus põhitegevusest 1 358 -1 277
1 002 -608
______________________________________
Rahajäägi muutus
investeerimistegevusest
Materiaalse põhivara soetamine 5 -34
-31 -5 -23
Tulu põhivara müügist 6
4 0 2
Kinnisvarainvesteeringute soetamine 6 -261 -100
-208 -57
Saadud intressid 4
10 2 3
_____________________________________
Rahajäägi muutus
investeerimistegevusest -285
-117 -211 -75
______________________________________
Rahajäägi muutus
finantseerimistegevusest
Aktsiakapitali suurendamine 0
184 0 184
Aažio suurendamine 0
1 474 0 1 474
Laekunud võlakirjade emissioonist 300
0 300 0
Võetud laenud 1 347
2 430 620 0
Tagastatud laenud -2 077
-1 373 -631 -606
Makstud intressid -582
-585 -493 -96
_____________________________________
Rahajäägi muutus
finantseerimistegevusest -1 012 2 130
-204 956
_____________________________________
Raha ja raha ekvivalentide muutus 61 736
587 273
Algbilanss 2 759
707 2 233 1 170
Lõppbilanss 2 820
1 443 2 820 1 443
_____________________________________
Iveta Vanaga
Investorsuhete juht
Mobiil: +37129239064
E-mail: [email protected]
Content of announcement in English
Title
CONSOLIDATED INTERIM REPORT FOR II QUARTER AND 6 MONTHS OF 2014 (UNAUDITED)
Message
Tallinn, 2014-08-22 07:00 CEST (GLOBE NEWSWIRE) --
During the second quarter of 2014 Pro Kapital continued the construction works
of new buildings in 2 of its residential development projects – Saltiniu Namai
in Vilnius and Tondi Quarter in Tallinn. Presales for both projects have been
successful, at the moment of issuing the report there have been signed presale
agreements for 16 apartments out of 19 in Vilnius and 13 apartments out of 31
in Tallinn project.
In addition to that the subsidiary of the group AS Tallinna Moekombinaat and AS
Nordecon concluded the agreement for building excavation works of the shopping
and entertainment centre located at Peterburi 2 with the aim to finish the
preparation works of the construction of the shopping centre.
On June 13 the CFO of the Company Ruta Juzulenaite announced her leaving the
Company at the end of August due to personal reasons and on her own initiative.
Angelika Annus shall be the new CFO of the Company starting on September 1,
2014, working currently as financial controller of the Company. Angelika Annus
has held different positions in the Company since 1998.
Total revenue for the first six months was 5,9 mln EUR, a decrease of 10%
compared to the reference period. Net operating result during six months of the
year decreased by 0,2 mln EUR (20%) compared to the reference period, totalling
to loss of 1,2 mln EUR (2013 6 months: -1,0 mln EUR). Net operating loss for
the second quarter of 2014 was 0,6 mln EUR (2013 Q2: net operating profit of
0,03 mln EUR). Net result for the six months of 2014 has decreased by 0,6 mln
EUR (43%) compared to the reference period, totalling to loss -2,0 mln EUR
(2013 6 months: -1,4 mln). Net result for the second quarter of 2014 was -1,1
mln EUR (2013 Q2: net result -0,5 mln EUR).
Key financial figures
2014 6M 2013 6M
2014 Q2 2013 Q2
Revenue, th, EUR 5 909 6 541
2 748 3 525
Gross profit, th. EUR 1 410 1 632
647 1 318
Gross profit, % 23,86% 24,95%
23,54% 37,39%
Operating result, th. EUR -1 191 -976
-640 32
Operating result, % -20,16% -14,92% -23,29%
0,91%
Net result, th. EUR -1 960 -1 395
-1 050 -484
Net result, % -33,17% -21,33%
-38,21% -13,73%
Earnings per share, EUR -0,04 -0 03
-0,02 -0,01
30.06.2014
31.12.2013
Total Assets, th. EUR 97 392 98 294
Total Liabilities, th. EUR 34 248 33
599
Total Equity, th. EUR 63 144 64
695
Debt/ Equity * 0,54
0,52
Return on Assets, % -2,0% -1,4%
Return on Equity, % -3,1% -2,1%
Net asset value per share, EUR 1,17 1,20
Consolidated interim statements of financial position
(Th. EUR) Notes
30.06.2014 31.12.2013
_______________________________________________________________________
ASSETS
Current Assets
Cash and cash equivalents 2
820 2 759
Current receivables
2 870 2 738
Inventories
44 866 45 587
____________________________
Total Current Assets
50 556 51 084
Non-Current Assets
Non-current receivables
168 168
Deferred tax assets
538 540
Property, plant and equipment 5 19
853 20 221
Investment property 6
26 001 26 001
Intangible assets
276 280
____________________________
Total Non-Current Assets 46
836 47 210
TOTAL ASSETS
97 392 98 294
LIABILITIES AND EQUITY
Current Liabilities
Current debt 7
11 493 11 730
Customer advances
1 069 501
Current payables
2 864 2 133
Taxes payable
114 189
Short-term provisions
21 47
____________________________
Total Current Liabilities
15 561 14 600
Non-Current Liabilities
Long-term debt 7
16 834 17 040
Other long-term liabilities
51 54
Deferred income tax liability
1 650 1 758
Long-term provisions
152 147
____________________________
Total Non-Current Liabilities 18
687 18 999
____________________________
TOTAL LIABILITIES
34 248 33 599
Equity attributable to equity holders
of the parent
Share capital in nominal value 10
821 10 821
Paid in capital
1 474 1 474
Statutory reserve
1 064 1 064
Revaluation reserve
11 330 11 330
Foreign currency differences -1
277 -1 277
Retained earnings
39 778 42 378
Profit (loss) for the period
-1 946 -2 600
____________________________
Total equity attributable to equity holders
of the parent
61 244 63 190
Non-controlling interest
1 900 1 505
____________________________
TOTAL EQUITY
63 144 64 695
____________________________
TOTAL LIABILITIES AND EQUITY 97 392
98 294
Consolidated interim statements of comprehensive income
(Th. EUR) Notes 2014 6M 2013 6M
2014 Q2 2013 Q2
__________________________________________________________________________
Operating income
Revenue 3, 8 5 909
6 541 2 748 3 525
Cost of goods sold 9 -4 499
-4 909 -2 101 -2 207
_____________________________________________
Gross profit 1 410
1 632 647 1 318
Marketing expenses -243
-201 -127 -129
Administrative expenses 10 -2 330 -2 396
-1 126 -1 177
Other income 235
111 159 30
Other expenses -263
-122 -193 -10
_____________________________________________
Operating profit (loss) -1 191
-976 -640 32
Financial income 11 41
427 9 0
Financial expense 11 -796
-850 -410 -507
_____________________________________________
Profit (loss) before income tax -1 946 -1 399
-1 041 -475
Income tax -14
4 -9 -9
_____________________________________________
Net profit (loss) for the period -1 960 -1 395
-1 050 -484
Foreign exchange differences 0
-36 0 -42
Equity holders of the parent -1 946 -1 443
-1 035 -541
Non-controlling interest -14
12 -15 15
Earnings per share (EUR) 12 -0,04 -0,03
-0,02 -0,01
Dilluted earnings per share (EUR) 12 -0,04 -0,03
-0,02 -0,01
Consolidated interim statements of cash flows
Th. EUR Note 2014 6M
2013 6M 2014 Q2 2013 Q2
__________________________________________________________________________
Cash flows from operating activities
Profit (loss) for the year -1 960
-1 395 -1 050 -484
Adjustments for:
Depreciation and amortisation
of non-current assets 3 325
406 130 212
Change in fair value of
investment property 6 261
100 208 57
Gain/loss from sale of PPE -2
-4 0 -2
Gain/loss from disposal of subsidiary 4 -19
0 -2 0
Finance income and costs, net 11 829
807 475 476
Net foreign exchange gain / loss 0
36 0 30
Other non-monetary changes (net amounts) 532 -848
686 -1421
Movements in working capital:
Change in trade receivables and prepayments -132 168
-79 385
Change in inventories 721
1 471 -7 744
Change in liabilities and prepayments 824 -554
663 862
Change in provisions -21
-1468 -22 -1469
___________________________________
Net cash generated by operating activities 1 358 -1 277 1 002
-608
___________________________________
Cash flows from investing activities
Payments for property, plant
and equipment 5 -34
-31 -5 -23
Proceeds from disposal of property,
plant and equipment 6
4 0 2
Payments for investment property 6 -261 -100
-208 -57
Interest received
4 10 2 3
__________________________________
Net cash (used in) / generated
by investing activities -285
-117 -211 -75
_________________________________________________________________________
Cash flows from financing activities
Proceeds- increase of share capital 0
184 0 184
Proceeds- increase of paid- in capital 0 1
474 0 1 474
Proceeds from bonds 300
0 300 0
Proceeds from borrowings 1 347 2
430 620 0
Repayment of borrowings -2 077 -1
373 -631 -606
Interest paid
-582 -585 -493 -96
_________________________________
Net cash used in financing activities -1 012 2 130
-204 956
_________________________________
Net change in cash and cash equivalents 61 736
587 273
Cash and cash equivalents at the
beginning of the period 2 759
707 2 233 1 170
Cash and cash equivalents at the
end of the period 2 820
1 443 2 820 1 443
_________________________________________________________________________
Iveta Vanaga
Head of Investor Relations
Phone: +37129239064
E-mail: [email protected]