Börsiteade
Järvevana
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
3714
Manused
Esitamise kuupäev ja aeg
25.05.2012 16:30:00
Teate sisu eesti keeles
Pealkiri
2012. aasta 3 kuu auditeerimata vahearuanne
Teade
Tallinn, Eesti, 2012-05-25 15:30 CEST (GLOBE NEWSWIRE) --
TEGEVUSARUANNE
Üldinfo
Ettevõtte moodustus jagunemisel ASist Järvevana, mille tulemusena eraldati ning
anti üle ASile Merko Ehitus kogu ehitusettevõtte majandustegevusega seotud
varakogum, sh kõik sõlmitud ehitus-, alltöövõtu- ja tarnelepingud, tehnika,
seadmed ja töötajad, kogu erialane oskusteave ja rahavood katkematult jätkuvast
majandustegevusest, va kriminaalasjast nr 05913000055 tulenevad kohustused,
sealhulgas tasumisele kuuluvad kahjuhüvitised, trahvid ning muud nõuded,
kohtukulud ja kriminaalasjast tulenevate võimalike kohustuste kattevarad
kogusummas 16 mln euro ulatuses likviidseid varasid. Ettevõttel puudub
tavapärane majandustegevus ning tema tegevuse ainsaks eesmärgiks on ettevõtte
ning aktsionäride huvide kaitsmine pikaleveninud maadevahetuse kriminaalasjas.
Äritegevus
Ettevõttel puudub aktiivne majandustegevus ning tema ainsaks arvestatavaks
sissetulekuks on ettevõtte likviidsete varade paigutamisest teenitav
finantstulu. Perioodil 01.01.2012-31.03.2012 teenis AS Järvevana 56,8 tuhat
eurot finantstulu. Arvestatavaimaks kuluallikaks on maadevahetusega seotud
kriminaalasjast tulenevad õigusabikulud, mis moodustavad 2012. aasta 3 kuu
üldhalduskuludest 55%. Ettevõtte varadest moodustab 13,4 mln eurot
koostöö-lepingust
(http://www.merko.ee/upload/File/Restruktureerimise%20dokumendid/Koost%F6%F6lepi
ng%20EST.pdf)
tulenev nõue AS Merko Ehitus vastu. 31.03.2012 seisuga töötas ettevõttes üks
inimene – juhataja Toomas Annus. Ettevõtte tegevusel puudub sesoonne ja
tsükliline eripära.
3. aprillil 2009 esitas Riigiprokuratuur ASile Järvevana ja Toomas Annusele
süüdistusakti, (mis kannab 31.03.2009 kuupäeva) maadevahetuse kriminaalasjas
nr. 05913000055
(http://www.nasdaqomxbaltic.com/market/?pg=news&news_id=232811).
12. novembril 2009 algas Harju Maakohtus maadevahetuse süüdistusasja
kohtuprotsess. Kohtuprotsessi ülevaade:
http://www.nasdaqomxbaltic.com/market/?pg=details&instrument=EE3100003559&list=3
&tab=news&news_id=238400.
Süüdistusaktis on ASile Järvevana inkrimineeritud viis episoodi altkäemaksu
andmist ning asja menetleb Harju maakohus. Altkäemaksu süüdistuse
tõendamisesemesse kuulub kolm elementi, milledest kasvõi ühe puudumine välistab
kuriteokoosseisu: (i) ametiisikule materiaalse väärtuse hüve lubamine või
üleandmine; (ii) ametiisiku poolne ebaseaduslik tegu altkäemaksu andja kasuks;
(iii) ekvivalentsussuhe esimese ja teise elemendi vahel, s.o. hüve andmine
ametiisikule soodsa teo eest. ASi Järvevana suhtes kuulub tõendamisele ka see,
et (i) teo pani toime juriidilise isiku juhtivtöötaja ja (ii) tegu pandi toime
juriidilise isiku huvides. AS Järvevana ei ole teinud ühtegi süüdistusaktis
kirjeldatud maadevahetustehingut. Vastavaid tehinguid tegid ja hüpoteetilist
kasu võisid saada hoopis iseseisvatest juriidilistest isikutest
tütarettevõtted, kellele ei ole süüdistust esitatud. AS Järvevana ei ole aga
kunagi maid vahetanud ka süüdistuse kohaselt. Samuti on ilmne, et teod ei
saanud olla ebaseaduslikud, kuna need olid lubatud LKS §19, mis välistab
altkäemaksu kvalifikatsiooni. On tõendatud, et samadel alustel ja korras tehti
erinevate isikute poolt enam kui 180 seaduslikku tehingut.
Kohus on nn „maadevahetusasjas“ kohtuliku uurimise lõpule viinud. Kohtulikul
uurimisel kuulati üle enam kui sada tunnistajat, kellest keegi ei nimetanud
tõendamiseseme asjaoluks olevat altkäemaksu lubamist või andmist. Avaldatud on
kõik dokumentaalsed tõendid, milledes puudub ettevõtte hinnangul igasugune
altkäemaksule viitav info.
Prokurör palus ASi Järvevana karistada rahalise karistusega 1,598 mln eurot.
Nõutud karistus on ebatavaliselt suur ja nii suuri rahalisi karistusi pole
Eesti kohtupraktikas eelnevalt rakendatud. Õigeksmõistmise korral sellekohast
rahalist kohustust ei teki, vastupidi, riik peab hüvitama mõistlikud
õigusabikulud.
ASi Järvevana kaitsja on esitanud kohtule kaitsekõne 350 lehel ning palunud
süüdistatav õigeks mõista, kuna kuritegu ei ole toime pandud. Samuti on
esitanud süüdistatavad oma viimase sõna.
Esimese astme otsus tehakse 2012. aasta 22. juunil või septembris. Mõlemad
pooled omavad kaebeõigust. Arvestades asja erakordset mahtu ja keerukust,
samuti kohtusüsteemi kolmeastmelisust ei ole lõplikku otsust suure
tõenäolisusega oodata 2012. aastal, vaid pigem 2013. aasta teisel poolel või
veelgi hiljem.
Süüdimõistmise korral, otsuse jõustumisel ja karistusregistrisse kandmisel on
õiguslikuks riskiks rahaline karistus, mis vastavalt tulumaksuseadusele kuulub
maksustamisele tulumaksuga ja takistused riigihangete menetlusest osavõtmisel.
Ettevõte peab esitatud süüdistusi alusetuks. ASi Järvevana nõukogu ja juhatus
on veendunud, et ettevõtte ja tema juhtorganite tegevus on olnud korrektne ning
Eesti Vabariigi seadustega kooskõlas ning seda suudetakse kohtus ka põhistada.
Aktsia ja aktsionärid
AS Järvevana suuremad aktsionärid seisuga 31.03.2012
Aktsiate arv Osakaal
-------------------------------------------
AS Riverito 12 742 686 71,99%
ING Luxembourg S.A., kliendid 963 376 5,44%
Skandinaviska Enskilda Banken Ab, kliendid 527 923 2,98%
Tenlion OÜ 222 690 1,26%
AS Järvevana aktsiad on alates 15. septembrist 2009 noteeritud NASDAQ OMX
Tallinn Balti Lisanimekirjas. AS Merko Ehitus jagunemisprotsessi käigus muudeti
ettevõtte ärinimi ASiks Järvevana ning alates 04.08.2008 kaubeldakse AS
Järvevana aktsiatega nimetuse JRV1T all. 2012. aasta 3 kuuga sooritati
Järvevana aktsiatega 119 tehingut, mille käigus vahetas omanikku 150 660
aktsiat ning tehingute käive oli 60 021 eurot. Madalaim tehing aktsiaga
sooritati tasemel 0,35 eurot ning kõrgeim tasemel 0,44 eurot aktsia. Aktsia
sulgemishind seisuga 31.03.2012 oli 0,41 eurot.
KOONDKASUMIARUANNE
auditeerimata, tuhandetes eurodes
2012.a. 2011.a.
3 kuud 3 kuud
Üldhalduskulud (71) (61)
-----------------
-----------------
Ärikahjum (71) (61)
Finantstulud ja -kulud 57 44
-----------------
sh intressitulud 57 44
Perioodi puhaskahjum (14) (17)
-----------------
Perioodi koondkahjum (14) (17)
-----------------
Puhaskahjum aktsia kohta (tava ja lahustatud, eurodes) (0,00) (0,00)
FINANTSSEISUNDI ARUANNE
auditeerimata, tuhandetes eurodes
31.03.2012 31.12.2011
VARAD
Käibevara
Raha ja raha ekvivalendid 2 509 2 531
Nõuded ja ettemaksud 13 401 13 403
Käibevara kokku 15 910 15 934
Põhivara
Materiaalne põhivara 32 35
Põhivara kokku 32 35
VARAD KOKKU 15 942 15 969
-----------------------
-----------------------
KOHUSTUSED
Lühiajalised kohustused
Võlad ja ettemaksed 16 29
Lühiajalised eraldised 1 118 1 118
Lühiajalised kohustused kokku 1 134 1 147
Kohustused kokku 1 134 1 147
Omakapital
Aktsiakapital 12 000 12 000
Kohustuslik reservkapital 1 131 1 131
Jaotamata kasum 1 677 1 691
Omakapital kokku 14 808 14 822
KOHUSTUSED JA OMAKAPITAL KOKKU 15 942 15 969
-----------------------
Toomas Annus
Juhatuse liige
6 805 400
[email protected]
Teate sisu inglise keeles
Pealkiri
2012 3 months unaudited interim report
Teade
Tallinn, Estonia, 2012-05-25 15:30 CEST (GLOBE NEWSWIRE) --
MANAGEMENT REPORT
General information
The company was formed after the demerger from AS Järvevana (former AS Merko
Ehitus), as a result of which the complete set of assets related to the
business activities of the construction company was separated and transferred
to the new AS Merko Ehitus, including all concluded construction contracts,
subcontracts and supply contracts, machinery, equipment and employees, all
professional know-how and cash flows from uninterrupted, continuous economic
activities, except for liabilities arising from the criminal case no.
05913000055, including compensations for damage, penalties and other payables,
legal expenses and liquid assets to cover potential liabilities arising from
the criminal proceedings in the amount of EUR 16.0 million. The company does
not have ordinary economic activities and the only objective of its activities
is to protect the interests of the company and shareholders in the long-lasting
criminal proceedings related to the land swap.
Operating activities
The company does not have active business operations and its only income is
finance income earned on the investment of the company’s liquid funds. Between
01.01.2012 and 31.03.2012, AS Järvevana earned finance income in the amount of
EUR 56.8 thousand. The most significant cost article is the legal costs related
to the criminal proceedings of the land swap, which made up 55% of the
administrative expenses in 2012 3 months. A claim against AS Merko Ehitus
arising from a collaboration agreement totalled EUR 13.4 million of the
company’s assets
(http://www.merko.ee/upload/File/Restruktureerimise%20dokumendid/Koost%F6%F6
leping%20ENG.pdf). As at 31 March 2012, one person was employed by AS
Järvevana, its Director Toomas Annus. The company’s activities do not have a
seasonal or cyclical nature.
At 3 April 2009, the Public Prosecutor’s Office submitted a statement of
charges (dated 31.03.2009) against AS Järvevana and Toomas Annus in criminal
case no. 05913000055 concerning the land swap
(http://www.nasdaqomxbaltic.com/market/?pg=news&news_id=232810).
At 12 November 2009, the judicial proceedings concerning the land swap case
commenced at Harju County Court. An overview of the proceedings is available
at: http://www.nasdaqomxbaltic.com/
market/?pg=details&instrument=EE3100003559&list=3&tab=news&news_id=238437. In
the statement of charges, AS Järvevana has been incriminated with five episodes
of giving a bribe and the matter has been referred for judicial proceedings to
Harju County Court. The subject of proof concerning bribery charges has three
elements, the absence of even one of which precludes the necessary elements of
criminal offence: (i) promising or giving of a material reward to an official;
(ii) illegal act by an official in favour of a person giving a bribe; (iii)
equivalence relation between the first and second elements, i.e. giving of a
reward to an official for a favourable act. Evidence also needs to be produced
against AS Järvevana in the matter that (i) the act was committed by a senior
executive of a legal person, and (ii) the act was committed in the interests of
the legal person. AS Järvevana has not concluded any land swap transactions
described in the statement of charges. These transactions were concluded and
hypothetical benefits could have been reaped by independent subsidiaries as
legal persons who have not been charged. Even according to the statement of
charges, AS Järvevana has never swapped land. It is also evident that the acts
could not have been illegal because they had been permitted under § 19 of the
Nature Conservation Act which rules out the qualification of a bribery. It has
been proven that more than 180 legal transactions have been performed on the
same bases and by the same procedure by different persons.
The court has completed the judicial investigation relating to the so-called
“land swap case”. During the judicial investigation, more than a hundred
witnesses were questioned, none of whom mentioned promising or giving a bribe
which is element of the subject of proof. All documentary evidence has been
disclosed which according to the company’s view lacks any kind of information
referring to bribe.
The prosecutor has requested AS Järvevana to be punished by a pecuniary
punishment of EUR 1.598 million. The requested pecuniary punishment is
unusually large and a pecuniary punishment of such magnitude has not hitherto
been applied in Estonian court practice. In case of an acquittal, no such
financial liabilities arise; on the contrary, the state would have to
compensate all reasonable legal fees.
The defence counsel of AS Järvevana has submitted a defence speech on 350 pages
for the court and has asked the court to acquit the accused because no criminal
offence has been committed. The accused have also presented their closing
arguments.
The court of first instance will render its judgment on 22 June or in September
2012. Both counterparties have the right to appeal. Considering the
extraordinary volume and complexity of the case, also the court system
consisting of three instances, the final judgment is probably not achieved in
2012 but rather in the second half of 2013 or even later.
In case of the judgment of conviction, its entry into force and judicial
record, the legal risks consist of pecuniary punishment, which according to the
Income Tax Act is also subject to taxation with income tax, and hindrances to
participation in public procurement.
The company considers the charges brought against it to be groundless. The
Supervisory Board and Management Board of AS Järvevana are convinced that the
activities of the company and its governing bodies have been conducted properly
and in conformity with the laws of the Republic of Estonia, and that relevant
proof can be supplied in the court.
Share and shareholders
The main shareholders of AS Järvevana as of 31.03.2012
Number of shares % of shares
------------------------------------------
AS Riverito 12 742 686 71,99%
ING Luxembourg S.A., clients 963 376 5,44%
Skandinaviska Enskilda Banken Ab, clients 527 923 2,98%
Tenlion OÜ 222 690 1,26%
From 15.09.2009, the shares of AS Järvevana are included in the secondary list
of NASDAQ OMX Tallinn Stock Exchange. During the demerger of AS Merko Ehitus,
the company’s business name was changed to AS Järvevana and from 04.08.2008,
the shares of AS Järvevana are traded under the symbol of JRV1T. In 2012 3
months, 119 transactions were performed with the shares of AS Järvevana in the
course of which 150,660 shares were traded and the total monetary value of
transactions was EUR 60,021. The lowest transaction price was EUR 0.35 and the
highest transaction price was EUR 0.44 per share. The closing price of the
shares as of 31.03.2012 was EUR 0.41.
STATEMENT OF COMPREHENSIVE INCOME
unaudited, in thousand euros
2012 2011
3 months 3 months
General and administrative expenses (71) (61)
-------------------
-------------------
Operating loss (71) (61)
Finance income and costs 57 44
-------------------
incl. interest income 57 44
Net loss for the period (14) (17)
-------------------
Comprehensive loss for the period (14) (17)
-------------------
Earnings per share (basic and diluted, in EUR) (0,00) (0,00)
STATEMENT OF FINANCIAL POSITION
unaudited, in thousand euros
31.03.2012 31.12.2011
ASSETS
Current assets
Cash and cash equivalents 2 509 2 531
Trade and other receivables 13 401 13 403
Total current assets 15 910 15 934
Non-current assets
Property, plant and equipment 32 35
Total non-current assets 32 35
TOTAL ASSETS 15 942 15 969
-----------------------
-----------------------
LIABILITIES AND EQUITY
Current liabilities
Trade and other payables 16 29
Short-term provisions 1 118 1 118
Total current liabilities 1 134 1 147
Total liabilities 1 134 1 147
Equity
Share capital 12 000 12 000
Statutory reserve capital 1 131 1 131
Retained earnings 1 677 1 691
Total equity 14 808 14 822
TOTAL LIABILITIES AND EQUITY 15 942 15 969
-----------------------
Toomas Annus
Member of Management Board
+372 6 805 400
[email protected]