Börsiteade
EfTEN Real Estate Fund AS
LEI kood
4851000008JBI71L7643
Emitendi suuruskategooria
Keskmise suurusega kontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Fondivalitseja
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Muud korporatiivtoimingud
Teate ID
8342
Manused
Esitamise kuupäev ja aeg
30.10.2020 17:58:06
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Pealkiri
UPP Olaines OÜ 2020. aasta III kvartali ja 9 kuu konsolideeritud auditeerimata vahearuanne
Teade
2020. aasta 9 kuu tegevusaruanne Grupi 2020 9 kuu neto renditulu oli 1 979 158 (2019 9 kuud: 1 940 078) eurot. Ärikasum sama perioodi eest oli 1 863 489 (2019 9 kuud: 1 881 404) eurot ja puhaskasum 1 031 187 (2019 9 kuud: 769 464) eurot. Grupi äritegevuseks on renditulu kogumine, kinnisvaraobjekti haldamine ning laenukohustuste teenindamine. Laenukohustused moodustavad fikseeritud intressiga võlakirjad ning investeerimislaen, mille intress on samuti intressituletuslepinguga fikseeritud. Tulude poolel on stabiilne triple-net renditulu tugevatelt rentnikelt, mis on põhiosas fikseeritud kesk-pikkade lepingutega ning mida indekseeritakse vastavalt inflatsioonile. Tulenevalt Grupi äritegevusest on tema majandustegevus ja finantstulemused üldiselt raskesti mõjutatavad erinevate väliste tegurite poolt. 2020. aasta 9 kuu finantsilised võtmenäitajad ------------------------------------------------------------------------- (eurodes) III kv 2020 III kv 2019 9 kuud 2020 9 kuud 2019 ------------------------------------------------------------------------- Neto renditulu 670 298 648 560 1 979 158 1 940 078 Ärikasum 635 253 636 604 1 863 489 1 881 404 Perioodi kasum 373 535 314 754 1 031 187 769 464 ------------------------------------------------------------------------- ----------------------------------------------------------------------- (eurodes) 30.09.2020 31.12.2019 ----------------------------------------------------------------------- Kinnisvarainvesteering 30 909 000 30 909 000 Intressikandvad laenud 27 694 631 28 492 625 Intressikandvad laenud ilma omanikulaenuta 24 746 331 25 544 325 ----------------------------------------------------------------------- ------------------------------------------------------------------------------- 9 kuud 2020 ------------------------------------------------------------------------------- Puhaskasumi marginaal, % (Puhaskasum / Puhas renditulu) 52% ROA, % (Puhaskasum / Perioodi keskmised varad) 3,2% DSCR (Ärikasum / Intressikandvate laenude põhiosa tagasimaksed ning intressimaksed) 1,2 Juhtkond ja nõukogu UPP Olaines OÜ juhatuses on üks liige: Marko Tali, juhatuse esimees. UPP Olaines OÜ nõukogus on kolm liiget: Mart Tooming, Tarmo Rooteman, Hallar Loogma. Juhatuse ning nõukogu liikmetele ei ole ettenähtud tasu ega muid hüvesid. Grupis ei ole peale juhatuse ning nõukogu teisi töötajaid. 2020. aastal moodustas Grupi emaettevõte, UPP Olaines OÜ, auditikomitee ning see koosneb kolmest liikmest. KONSOLIDEERITUD VAHEARUANNE Konsolideeritud koondkasumi vahearuanne ------------------------------------------------------------------------------- (eurodes) Lisa III kv 2020 III kv 2019 9 kuud 2020 9 kuud 2019 ------------------------------------------------------------------------------- Neto renditulu 5 670 298 648 560 1 979 158 1 940 078 ------------------------------------------------------------------------------- Neto renditulu 670 298 648 560 1 979 158 1 940 078 ------------------------------------------------------------------------------- Üldhalduskulud (35 045) (11 956) (115 669) (43 674) Muud tulud / (kulud) 0 0 0 (15 000) ------------------------------------------------------------------------------- Ärikasum 635 253 636 604 1 863 489 1 881 404 ------------------------------------------------------------------------------- Finantstulud / (kulud) (261 718) (321 850) (832 302) (1 111 940) ------------------------------------------------------------------------------- Kasum enne tulumaksu 373 535 314 754 1 031 187 769 464 ------------------------------------------------------------------------------- Aruandeperioodi kasum 373 535 314 754 1 031 187 769 464 ------------------------------------------------------------------------------- Aruandeperioodi koondkasum kokku 373 535 314 754 1 031 187 769 464 ------------------------------------------------------------------------------- Konsolideeritud finantsseisundi vahearuanne ----------------------------------------------------------------------- (eurodes) Lisa 30.09.2020 31.12.2019 ----------------------------------------------------------------------- Raha ja raha ekvivalendid 752 089 561 474 Nõuded ostjate vastu ja muud nõuded 317 024 204 939 ----------------------------------------------------------------------- Käibevara kokku 1 069 113 766 413 Kinnisvarainvesteering 30 909 000 30 909 000 ----------------------------------------------------------------------- Põhivara kokku 30 909 000 30 909 000 VARAD KOKKU 31 978 113 31 675 413 Võlad tarnijatele ja muud võlad 471 396 358 749 Tuletisinstrumendid 407 502 455 217 Laenukohustised 6 1 064 004 1 064 000 ----------------------------------------------------------------------- Lühiajalised kohustised 1 942 902 1 877 966 Laenukohustised 6 26 630 627 27 428 625 ----------------------------------------------------------------------- Pikaajalised kohustised 26 630 627 27 428 625 KOHUSTISED KOKKU 28 573 529 29 306 591 Osakapital 2 500 2 500 Jaotamata kasum 3 402 084 2 366 322 ----------------------------------------------------------------------- OMAKAPITAL KOKKU 3 404 584 2 368 822 OMAKAPITAL JA KOHUSTISED KOKKU 31 978 113 31 675 413 ----------------------------------------------------------------------- ?Siim Sild Direktor +372 5626 0107 [email protected]
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Pealkiri
UPP Olaines OÜ consolidated unaudited financial results for Q3 and 9 months of 2020
Teade
Management commentary for the 9 months of 2020 Net rental income was 1 979 158 euros for the nine months of 2020 (2019 9 months: 1 940 078). Operating profit was 1 863 489 euros for the nine months of 2020 (2019 9 months: 1 881 404). Net income was 1 031 187 euros for the nine months of 2020 (2019 9 months: 769 464). The company's sole business activity is to collect rental revenue, manage the Olaine property and service its liabilities to lenders and investors. Liabilities include the subordinated bonds with a fixed interest rate and the investment loan which' rate is also fixed with an interest rate swap agreement. On the revenue side the company earns stable triple-net rental income from reputable tenants, which is fixed with medium-term agreements but is subject to indexation. Due to the economically fixed nature of the group, there needs to be major event in the overall economy or in the group's business activities for them to have significant effect on the group's financial results. Key indicators of financial performance and position for 9 months 2020 ---------------------------------------------------------------------------- (in EUR) Q3 2020 Q3 2019 9 months 2020 9 months 2019 ---------------------------------------------------------------------------- Net rental income 670,298 648,560 1,979,158 1,940,078 Operating profit 635,253 636,604 1,863,489 1,881,404 Profit for the period 373,535 314,754 1,031,187 769,464 ---------------------------------------------------------------------------- ------------------------------------------------------------------------- (in EUR) 30.09.2020 31.12.2019 ------------------------------------------------------------------------- Investment property 30,909,000 30,909,000 Interest-bearing loans 27,694,631 28,492,625 Interest-bearing loans less shareholder loan 24,746,331 25,544,325 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- 9 months 2020 ------------------------------------------------------------------------------- Net profit margin, % (Total comprehensive income for the period / Net rental income) 52% ROA, % (Net profit for the period / Average total assets for the period) 3.2% DSCR (Operating profit / Loan principal and interest payments on interest- bearing loans) 1.2 Management board, supervisory board and audit committee The management board of UPP Olaines OÜ has one member: Marko Tali, Chairman of the Management Board. The supervisory board of UPP Olaines OÜ has three members: Mart Tooming, Tarmo Rooteman, Hallar Loogma. No remuneration or other benefits are provided to the members of the management board and the supervisory board. Other than the management board and the supervisory board, the Group has no employees. In 2020 UPP Olaines OÜ formed an audit committee, which has three members. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Condensed consolidated interim statement of comprehensive income ------------------------------------------------------------------------------- (in EUR) Note Q3 2020 Q3 2019 9 months 2020 9 months 2019 ------------------------------------------------------------------------------- Net rental income 5 670,298 648,560 1,979,158 1,940,078 ------------------------------------------------------------------------------- Net rental income 670,298 648,650 1,979,158 1,940,078 ------------------------------------------------------------------------------- General and administrative expenses (35,045) (11,956) (115,669) (43,674) Other income / (cost) 0 0 0 (15,000) ------------------------------------------------------------------------------- Operating profit 635,253 636,604 1,863,489 1,881,404 ------------------------------------------------------------------------------- Financial income / (cost) (261,718) (321,850) (832,302) (1,111,940) ------------------------------------------------------------------------------- Profit before income tax 373,535 314,754 1,031,187 769,464 ------------------------------------------------------------------------------- Profit for the period 373,535 314,754 1,031,187 769,464 ------------------------------------------------------------------------------- Total comprehensive income for the period 373,535 314,754 1,031,187 769,464 ------------------------------------------------------------------------------- Condensed consolidated interim statement of financial position ----------------------------------------------------------------- (in EUR Note 30.09.2020 31.12.2019 ----------------------------------------------------------------- Cash and cash equivalents 752,089 561,474 Trade and other receivables 317,024 204,939 ----------------------------------------------------------------- Total current assets 1,069,113 766,413 Investment property 30,909,00 30,909,00 ----------------------------------------------------------------- Total non-current assets 30,909,00 30,909,00 TOTAL ASSETS 31,978,113 31,675,413 Trade and other payables 471,396 358,749 Financial derivatives 407,502 455,217 Loans and borrowings 6 1,064,004 1,064,004 ----------------------------------------------------------------- Total current liabilities 1,942,902 1,877,966 Loans and borrowings 6 26,630,627 27,428,625 ----------------------------------------------------------------- Total non-current liabilities 26,630,627 27,428,625 TOTAL LIABILITIES 28,573,529 29,306,591 Share capital 2,500 2,500 Retained earnings 3,402,084 2,366,322 ----------------------------------------------------------------- TOTAL EQUITY 3,404,584 2,368,822 TOTAL EQUITY AND LIABILITIES 31,978,113 31,675,413 ----------------------------------------------------------------- Siim Sild Director +372 5626 0107 [email protected]