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

Management interim statement or quarterly financial report

Unique data record identifier

5967

Submission date and time

28.02.2017 18:20:28

Content of announcement in Estonian

Title

2016. aasta IV kvartali ja 12 kuu konsolideeritud auditeerimata majandustulemused

Message

Trigon Property Development AS tegeleb kinnisvaraarendusega. 31.12.2016 seisuga
omas AS Trigon Property Development ühte arendusprojekti, milleks on 32,8
hektari suurune maa-ala Pärnu linnas, Eestis. Alale on plaanis luua tööstus- ja
logistikapark. Kontserni eesmärk on leida huvitatud ettevõtteid, kes sooviksid
tuua oma äritegevuse (tootmine, logistika) Trigon Property Development AS
arendusprojekti alale Pärnus, mis võimaldaks kontsernil lisada väärtust enda
omandis olevatele kruntidele. Maa väärtuse realiseerimine on planeeritud kas
läbi otsese krundi müügi või läbi maaomandi väljaarendamise rendivoogu tootvaks
projektiks. 

2015. aastal müüdi 0,5 hektari suurune kinnistu. Trigon Property Development AS
on sõlminud ostu-müügi eellepingu Pärnus Kase tänaval asuva kuue kinnistu
müümiseks. Ostja planeerib kinnistutele tehase rajamist. Lõplik
ostu-müügileping (notariaalne asjaõigusleping) sõlmitakse peale kõikide
eellepingu tingimuste täitmist 2017. aasta esimeses pooles. 

Käesolevas teates esitatud konsolideeritud finantsseisundi aruanne seisuga
31.12.2016 kajastab täielikult AS Trigon Property Development varasid,
kohustusi ja omakapitali. 

Vastavalt esitatud konsolideeritud koondkasumiaruandele on AS Trigon Property
Development 2016. aasta puhaskahjum -64 459 eurot ja puhaskahjum aktsia kohta
-0,01433 eurot. 

Seisuga 31.12.2016 moodustasid AS Trigon Property Development konsolideeritud
varad kokku  2 364 947 eurot. Ühingu konsolideeritud omakapital oli 2 350 650
eurot, mis moodustas 99,4% bilansimahust. 



Lühendatud konsolideeritud finantsseisundi aruanne



EUR                            31.12.2016  31.12.2015
-----------------------------------------------------
Raha                               38 393     100 540
-----------------------------------------------------
Nõuded ja ettemaksud                5 022      17 004
-----------------------------------------------------
Käibevara kokku                    43 415     117 544
-----------------------------------------------------
Kinnisvarainvesteeringud        2 321 532   2 310 000
-----------------------------------------------------
Põhivara kokku                  2 321 532   2 310 000
-----------------------------------------------------
AKTIVA KOKKU                    2 364 947   2 427 544
-----------------------------------------------------
Võlad ja ettemaksed                14 297      12 435
-----------------------------------------------------
Lühiajalised kohustused kokku      14 297      12 435
-----------------------------------------------------
Kohustused kokku                   14 297      12 435
-----------------------------------------------------
Aktsiakapital nimiväärtuses     2 699 437   2 699 437
-----------------------------------------------------
Ülekurss                          226 056     226 056
-----------------------------------------------------
Kohustuslik reservkapital         287 542     287 542
-----------------------------------------------------
Jaotamata kahjum                 -862 385    -797 926
-----------------------------------------------------
Omakapital kokku                2 350 650   2 415 109
-----------------------------------------------------
PASSIVA KOKKU                   2 364 947   2 427 544
-----------------------------------------------------



Lühendatud konsolideeritud koondkasumiaruanne



EUR                                                      2016     2015
----------------------------------------------------------------------
Kinnisvarainvesteeringutega seotud kulud              -13 196  -11 963
----------------------------------------------------------------------
Brutokahjum                                           -13 196  -11 963
----------------------------------------------------------------------
Üldhalduskulud                                        -49 672  -31 891
----------------------------------------------------------------------
Kasum/kahjum kinnisvarainvesteeringu ümberhindlusest   -1 600   36 776
----------------------------------------------------------------------
Ärikahjum                                             -64 468   -7 078
----------------------------------------------------------------------
Neto finantstulu (-kulu)                                    9   -2 244
----------------------------------------------------------------------
PERIOODI PUHASKAHJUM                                  -64 459   -9 322
----------------------------------------------------------------------
PERIOODI KOONDKAHJUM                                  -64 459   -9 322
----------------------------------------------------------------------





Joakim Helenius

Nõukogu esimees

+372 667 9200

Content of announcement in English

Title

Consolidated unaudited financial report for the fourth quarter and 12 months of 2016

Message

The main business activity of Trigon Property Development AS is real estate
development. As at 31.12.2016 AS Trigon Property Development owned one
development project involving a 32.8-hectare area in the City of Pärnu,
Estonia. Industrial and logistics park are planned to develop on this area.
Group’s intention is to find companies willing to bring their business
activities (industry, logistics) to the development project area of Trigon
Property Development in Pärnu, which makes it possible for Group to add value
to the land plots owned by Group. Realization the value of the land is planned
through sales of land plots or through development of real estate to the rental
income earning project. 

In 2015 a 0.5-hectare part of the property was sold. AS Trigon Property
Development have entered into a preliminary sales-purchase agreement for the
sale of six properties located in Pärnu, Kase street. Purchaser is planning to
build a factory on the properties. The final sale-purchase agreement shall be
executed during the first half of year 2017 after fulfillment of all the
conditions laid down in the preliminary agreement. 

Condensed consolidated statement of financial position as of 31 December 2016
delivered by the present announcement completely reflects the assets,
liabilities and equity capital of AS Trigon Property Development. 

According to the condensed consolidated statement of comprehensive income the
net loss for 2016 of AS Trigon Property Development is –64,459 euros and the
earnings per share  is -0.01433 EUR. 

As of 31 December 2016 the consolidated assets of AS Trigon Property
Development were 2,364,947 euros. The consolidated equity of the company was
2,350,650 euros, corresponding to 99.4 % of the total balance sheet. 



Condensed consolidated statement of financial position



EUR                             31.12.2016  31.12.2015
------------------------------------------------------
Cash                                38,393     100,540
------------------------------------------------------
Receivables and prepayments          5,022      17,004
------------------------------------------------------
Total current assets                43,415     117,544
------------------------------------------------------
Investment property              2,321,532   2,310,000
------------------------------------------------------
Total non-current assets         2,321,532   2,310,000
------------------------------------------------------
TOTAL ASSETS                     2,364,947   2,427,544
------------------------------------------------------
Payables and prepayments            14,297      12,435
------------------------------------------------------
Total current liabilities           14,297      12,435
------------------------------------------------------
Total liabilities                   14,297      12,435
------------------------------------------------------
Share capital at nominal value   2,699,437   2,699,437
------------------------------------------------------
Share premium                      226,056     226,056
------------------------------------------------------
Statutory reserve capital          287,542     287,542
------------------------------------------------------
Retained earnings                 -862,385    -797,926
------------------------------------------------------
Total equity                     2,350,650   2,415,109
------------------------------------------------------
TOTAL LIABILITIES AND EQUITY     2,364,947   2,427,544
------------------------------------------------------



Condensed consolidated statement of comprehensive income



EUR                                             2016     2015
-------------------------------------------------------------
Expenses related to investment property      -13,196  -11,963
-------------------------------------------------------------
Gross loss                                   -13,196  -11,963
-------------------------------------------------------------
Administrative and general expenses          -49,672  -31,891
-------------------------------------------------------------
Change in fair value of investment property   -1,600   36,776
-------------------------------------------------------------
Operating loss                               -64,468   -7,078
-------------------------------------------------------------
Net financial income                               9   -2,244
-------------------------------------------------------------
NET LOSS FOR THE PERIOD                      -64,459   -9,322
-------------------------------------------------------------
TOTAL COMPREHENSIVE LOSS                     -64,459   -9,322
-------------------------------------------------------------







Joakim Helenius

Chairman of the Supervisory Board

+372 667 9200