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
Other corporate action
Unique data record identifier
8862
Submission date and time
02.06.2021 19:30:00
Content of announcement in Estonian
Title
Harju Maakohus kuulutas välja AS Tallinna Moekombinaat pankroti ja määras pankrotihaldurid
Message
Harju Maakohus kuulutas välja AS-i Pro Kapital Grupp kontserni kuuluva AS-i Tallinna Moekombinaat pankroti 2. juunil 2021 kell 15.00. Kohus nimetas pankrotihalduriteks Kristo Tederi ja Indrek Lepsoo. Võlausaldajate esimene üldkoosolek kutsutakse kokku 17. juunil 2021. AS Pro Kapital Grupp on varasemalt avaldanud, et pankroti väljakuulutamisel kaob tütarettevõtte üle kontroll ja kontsern lõpetab tütarettevõtte finantsnäitajate konsolideerimise. 31. mail avaldatud 2021. aasta I kvartali vahearuandes avaldas Ettevõte, et AS Pro Kapital Eesti on maha kandnud tütarettevõttesse investeeritud 13 miljonit eurot ning bilansipäevajärgse korrigeeriva sündmuse tulemusel ka nõudeid kokku 26 miljoni euro ulatuses 31. detsember 2020 seisuga. 26 miljoni euro väärtuses nõuete maha kandmise mõju avaldub konsolideeritud aruandes kontrolli lõppedes. 30. aprilli seisuga oli tütarettevõtte omakapital negatiivne summas 56 miljonit eurot. Tütarettevõtte negatiivse omakapitali kajastamise lõpetamine avaldab konsolideeritud aruandele positiivset mõju. Arvestades vähemusosalusega, oli aprilli lõpu seisuga hinnanguline kogumõju Ettevõtte konsolideeritud aruannetele 26 miljonit eurot omakapitali suurenemist. Täpsem mõju selgub, kui valmivad tütarettevõtte maikuu ja juunikuu finantsaruanded, kuna Ettevõte konsolideerib tütarettevõtet kuni 2. juuni 2021. Allan Remmelkoor Juhatuse liige +372 614 4920 [email protected] (mailto:[email protected])
Content of announcement in English
Title
Harju County Court has declared the bankruptcy of AS Tallinna Moekombinaat and appointed bankruptcy trustees
Message
Harju County Court has declared bankruptcy of subsidiary of AS Pro Kapital Grupp - AS Tallinna Moekombinaat - and appointed Kristo Teder and Indrek Lepsoo as bankruptcy trustees. The first general meeting of the creditors will be convened on 17 June 2021. AS Pro Kapital Grupp has previously announced that upon the declaration of bankruptcy, control over the subsidiary will be lost and the group will discontinue consolidation of financial indicators of the subsidiary. In the interim report for the first quarter of 2021, which was published on 31 May, the Company announced that AS Pro Kapital Eesti has written off an investment into subsidiary in amount of 13 million euros due to negative equity of TMK and as a result of adjusting event also receivables in the total amount of 26 million euros as at 31 December 2020. Discontinuing consolidation has an influence to the consolidated financial statements in amount of 26 million euros related to written-off receivables. As of 30 April, the subsidiary's equity was negative in amount of 56 million euros. Derecognition of the subsidiary's negative equity has a positive effect to the consolidated financial statements. Considering the minority interest portion, the estimated total impact on the Company's consolidated financial statements at the end of April was an increase of 26 million euros in equity of the group. Exact impact will become clear when the subsidiary's financial reports of May and June are completed as the Company continues consolidation until 2 June 2021. Allan Remmelkoor Member of the Management Board +372 614 4920 [email protected] (mailto:[email protected])