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

6138

Submission date and time

31.05.2017 19:06:36

Content of announcement in Estonian

Title

2017. aasta I kvartali auditeerimata majandustulemused

Message

Trigon Property Development AS tegeleb kinnisvaraarendusega. 31.03.2017 seisuga
omas AS Trigon Property Development ühte arendusprojekti, milleks on 22,39
hektari suurune maa-ala Pärnu linnas, Eestis. Alale on plaanis luua tööstus- ja
logistikapark. Ettevõtte eesmärk on leida huvitatud ettevõtteid, kes sooviksid
tuua oma äritegevuse (tootmine, logistika) Trigon Property Development AS
arendusprojekti alale Pärnus, mis võimaldaks Ettevõttel lisada väärtust enda
omandis olevatele kruntidele. Maa väärtuse realiseerimine on planeeritud kas
läbi otsese krundi müügi või läbi maaomandi väljaarendamise rendivoogu tootvaks
projektiks. 

2016. aastal sõlmiti võlaõiguslik müügileping 10,4 hektari tootmismaa müügiks
hinnaga 8,14 EUR/m2. Asjaõiguslik müügileping sõlmiti 2017. aasta märtsis.
Vastavalt asjaõiguslepingule kohustub Trigon Property Development AS ehitama
müüdud maale sissesõidutee. 

Käesolevas teates esitatud finantsseisundi aruanne seisuga 31.03.2017 kajastab
täielikult AS Trigon Property Development varasid, kohustusi ja omakapitali. 

Vastavalt esitatud koondkasumiaruandele on AS Trigon Property Development 2017.
aasta esimese kvartali puhaskahjum -25 854 eurot ja puhaskahjum aktsia kohta
-0,00575 eurot. 

Seisuga 31.03.2017 moodustasid AS Trigon Property Development varad kokku 2 350
691 eurot. Ühingu omakapital oli 2 324 796 eurot, mis moodustas 98,9%
bilansimahust. 

Lühendatud finantsseisundi aruanne

EUR                            31.03.2017  31.12.2016
-----------------------------------------------------
Raha                              551 414      38 393
-----------------------------------------------------
Nõuded ja ettemaksud              307 803       5 022
-----------------------------------------------------
Müügiootel vara                         0     850 000
-----------------------------------------------------
Käibevara kokku                   859 217     893 415
-----------------------------------------------------
Kinnisvarainvesteeringud        1 491 474   1 471 532
-----------------------------------------------------
Põhivara kokku                  1 491 474   1 471 532
-----------------------------------------------------
AKTIVA KOKKU                    2 350 691   2 364 947
-----------------------------------------------------
Võlad ja ettemaksed                25 895      14 297
-----------------------------------------------------
Lühiajalised kohustused kokku      25 895      14 297
-----------------------------------------------------
Kohustused kokku                   25 895      14 297
-----------------------------------------------------
Aktsiakapital nimiväärtuses     2 699 437   2 699 437
-----------------------------------------------------
Ülekurss                          226 056     226 056
-----------------------------------------------------
Kohustuslik reservkapital         287 542     287 542
-----------------------------------------------------
Jaotamata kahjum                 -888 239    -862 385
-----------------------------------------------------
Omakapital kokku                2 324 796   2 350 650
-----------------------------------------------------
PASSIVA KOKKU                   2 350 691   2 364 947
-----------------------------------------------------



Lühendatud koondkasumiaruanne

EUR                                       I kv 2017  I kv 2016
--------------------------------------------------------------
Kinnisvarainvesteeringutega seotud kulud    -11 499     -5 609
--------------------------------------------------------------
Brutokahjum                                 -11 499     -5 609
--------------------------------------------------------------
Üldhalduskulud                              -14 356     -7 485
--------------------------------------------------------------
Ärikahjum                                   -25 855    -13 094
--------------------------------------------------------------
Neto finantstulu (-kulu)                          1          3
--------------------------------------------------------------
PERIOODI PUHASKAHJUM                        -25 854    -13 091
--------------------------------------------------------------
PERIOODI KOONDKAHJUM                        -25 854    -13 091
--------------------------------------------------------------





Joakim Helenius

Nõukogu esimees

+372 667 9200

Content of announcement in English

Title

Unaudited financial report for the first quarter of 2017

Message

As at 31.03.2017, AS Trigon Property Development owned one development project
with an area of 22,39 hectares in the City of Pärnu, Estonia. An industrial and
logistics park is planned to be developed on this area. The Company’s objective
is to find companies willing to bring their business activities (industry,
logistics) to the development project area of AS Trigon Property Development in
Pärnu, which would add value to the land plots owned by the Company. The
realisation of the value of the land is planned through the selling of land
plots or through the development of real estate with the intention of creating
a rental income-generating project. 

In 2016, the Company signed a preliminary sales-purchase agreement for the sale
of a 10.4-hectare industrial property at 8.14 EUR/m2. The final sale-purchase
agreement was executed in March 2017. According to the real right contract,
Trigon Property Development AS is obliged to build a road to the sold land
plot. 

Condensed statement of financial position as of 31 March 2017 delivered by the
present announcement completely reflects the assets, liabilities and equity
capital of AS Trigon Property Development. 

According to the condensed statement of comprehensive income the net loss for
first quarter of 2017 of AS Trigon Property Development is -25,854 euros and
the earnings per share  is -0.00575 EUR. 

As of 31 March 2017 the assets of AS Trigon Property Development were 2,350,691
euros. The equity of the company was 2,324,796 euros, corresponding to 98.9 %
of the total balance sheet. 

Condensed statement of financial position

EUR                             31.03.2017  31.12.2016
------------------------------------------------------
Cash                               551,414      38,393
------------------------------------------------------
Receivables and prepayments        307,803       5,022
------------------------------------------------------
Assets held for sale                     0     850,000
------------------------------------------------------
Total current assets               859,217     893,415
------------------------------------------------------
Investment property              1,491,474   1,471,532
------------------------------------------------------
Total non-current assets         1,491,474   1,471,532
------------------------------------------------------
TOTAL ASSETS                     2,350,691   2,364,947
------------------------------------------------------
Payables and prepayments            25,895      14,297
------------------------------------------------------
Total current liabilities           25,895      14,297
------------------------------------------------------
Total liabilities                   25,895      14,297
------------------------------------------------------
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                 -888,239    -862,385
------------------------------------------------------
Total equity                     2,324,796   2,350,650
------------------------------------------------------
TOTAL LIABILITIES AND EQUITY     2,350,691   2,364,947
------------------------------------------------------



Condensed statement of comprehensive income

EUR                                      I Q 2017  I Q 2016
-----------------------------------------------------------
Expenses related to investment property   -11 499    -5 609
-----------------------------------------------------------
Gross loss                                -11 499    -5 609
-----------------------------------------------------------
Administrative and general expenses       -14 356    -7 485
-----------------------------------------------------------
Operating loss                            -25 855   -13 094
-----------------------------------------------------------
Net financial income                            1         3
-----------------------------------------------------------
NET LOSS FOR THE PERIOD                   -25 854   -13 091
-----------------------------------------------------------
TOTAL COMPREHENSIVE LOSS                  -25 854   -13 091
-----------------------------------------------------------





Joakim Helenius

Chairman of the Supervisory Board

+372 667 9200