Börsiteade
Baltic Horizon Fund / Northern Horizon Capital AS
LEI kood
5299008IKT93E4SA0G49
Emitendi suuruskategooria
Väike ettevõtja
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Fondivalitseja
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
5781
Manused
Esitamise kuupäev ja aeg
08.11.2016 22:31:52
Teate sisu eesti keeles
Pealkiri
Baltic Horizon 2016 III kvartali konsolideeritud auditeerimata tulemused
Teade
Baltic Horizon avaldab 2016. aasta III kvartali tulemused.
Fondi vara brutoväärtus aruandeperioodil kasvas, moodustades 30. septembril
2016 133,7 miljonit eurot (30. juuni 2016: 118,3 miljonit eurot). Kasv tulenes
peamiselt III kvartalis soetatud G4S peakorteri ja Upmalas Biroji büroohoone
kinnisvarainvesteeringutest.
Fondi vara puhasväärtus seisuga 30. september 2016 oli 57,2 miljonit eurot (30.
juuni 2016: 53,5 miljonit eurot). Puhasväärtuse kasv tulenes peamiselt Fondi
teenitud kasumist (2016. aasta III kvartali puhaskasumiks kujunes 3,7 miljonit
eurot).
2016. aasta III kvartalis teenis Fond 3,7 miljonit eurot puhaskasumit (2015.
aasta III kvartal: 1,1 miljonit eurot), mis avaldas Fondi vara puhasväärtusele
positiivset mõju. Puhaskasumit toetasid kvartali lõpus tehtud
kinnisvarainvesteeringute ümberhindlused ja kinnisvarainvesteeringutelt
teenitud tulu.
Kontserni 2016. aasta III kvartali puhas renditulu moodustas 1,9 miljonit eurot
(2016. aasta 9 kuud: 4,8 miljonit eurot), kujunedes kõrgemaks kui 2015.
aastal, mil III kvartali puhas renditulu moodustas 1,4 miljonit eurot (2015.
aasta 9 kuud: 3,8 miljonit eurot). Aruandeperioodi puhta renditulu kasv eelmise
aasta sama perioodiga võrreldes tulenes peamiselt juulis soetatud G4S
peakorteri ja augustis soetatud Upmalas Biroji büroohoone lisandunud
rendituludest.
KONSOLIDEERITUD KASUMI- JA MUU KOONDKASUMI ARUANNE
Tuhand 01.07.2016-30.09.2016 01.07.2015-30.09.2015 01.01.2016-30.09.2016
01.01.2015-30.09.2015
etes
eurod
es
--------------------------------------------------------------------------------
------------------
Rendit 2 058 1 621 5 334
4 325
ulu
Kulude 617 582 1 810
1 468
hüvit
amise
tulu
Rendit -747 -784 -2 301
-2 004
egevus
e
kulud
--------------------------------------------------------------------------------
------------------
Puhas 1 928 1 419 4 843
3 789
rendi
tulu
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
Haldus -482 -186 -1 462
-621
kulud
Muud 17 266 95
266
äritu
lud ja
-kulu
d
Puhask - - -
-10
ahjum
kinni
svarai
nveste
eringu
te
müügi
st
Kinnis 2 802 - 2 361
-
varain
vestee
ringut
e
ümber
hindlu
se
kasum
id ja
kahju
mid
Ärikas 4 265 1 499 5 837
3 424
um
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------------------
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------------------
Finant 3 6 11
14
stulud
Finant -307 -281 -840
-814
skulud
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
Finant -304 -275 -829
-800
stulud
ja
–kulu
d
kokku
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
Maksue 3 961 1 224 5 008
2 624
elne
kasum
Tuluma -253 -120 -428
-288
ksukul
u
--------------------------------------------------------------------------------
------------------
Perioo 3 708 1 104 4 580
2 336
di
kasum
--------------------------------------------------------------------------------
------------------
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------------------
Tulevikus kasumisse või kahjumisse ümberliigitatav muu koondkasum/-kahjum
Rahavo -36 -79 -65
14
ogude
riski
maanda
mise
puhas
kahjum
/-kasu
m
Rahavo -7 14 -1
11
ogude
riski
maanda
mise
puhas
kahjum
i/-kas
umiga
seotu
d
tulum
aks
--------------------------------------------------------------------------------
------------------
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------------------
Tulevi -43 -65 -66
25
kus
kasum
isse
või
kahju
misse
ümber
liigit
atav
tulum
aksujä
rgne
muu
koond
kahjum
/-kasu
m
Perioo 3 665 1 039 4 514
2 361
di
tulum
aksujä
rgne
koond
kasum
kokku
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------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
Tuhandetes eurodes 30.09.2016 31.12.2015
-----------------------------------------------------------
Põhivara
Kinnisvarainvesteeringud 129 200 86 810
Muu põhivara 376 263
-----------------------------------------------------------
Põhivara kokku 129 576 87 073
-----------------------------------------------------------
-----------------------------------------------------------
Käibevara
Nõuded ostjate vastu ja muud nõuded 722 840
Ettemaksed 154 81
Raha ja raha ekvivalendid 3 245 1 677
-----------------------------------------------------------
Käibevara kokku 4 121 2 598
-----------------------------------------------------------
Varad kokku 133 697 89 671
-----------------------------------------------------------
-----------------------------------------------------------
Omakapital
Kapital 46 636 25 674
Rahavoogude riskimaandamise reserv -265 -199
Jaotamata kasum 10 798 6 218
-----------------------------------------------------------
Omakapital kokku 57 169 31 693
-----------------------------------------------------------
-----------------------------------------------------------
Pikaajalised kohustused
Intressikandvad laenukohustused 67 745 39 586
Edasilükkunud tulumaksukohustused 4 050 3 673
Tuletisinstrumendid 297 215
Muud pikaajalised kohustused 714 451
-----------------------------------------------------------
Pikaajalised kohustused kokku 72 806 43 925
-----------------------------------------------------------
-----------------------------------------------------------
Lühiajalised kohustused
Intressikandvad laenukohustused 1 958 11 608
Võlad tarnijatele ja muud võlad 1 183 2 036
Tulumaksukohustus 212 112
Tuletisinstrumendid - 17
Muud lühiajalised kohustused 369 280
-----------------------------------------------------------
Lühiajalised kohustused kokku 3 722 14 053
-----------------------------------------------------------
Kohustused kokku 76 528 57 978
-----------------------------------------------------------
Omakapital ja kohustused kokku 133 697 89 671
-----------------------------------------------------------
Baltic Horizon Fond on registreeritud avalik kinnine investeerimisfond ja
Baltic Horizon Fondi osakutega alustati Nasdaq Balti fondinimekirjas kauplemist
6. juulil 2016. Fondi börsitähis (ticker) on NHCBHFFT.
Fondvalitsejaks on Northern Horizon Capital AS, mis omab alternatiivfondide
fondivalitseja litsentsi. Nii Fondi kui ka Fondivalitseja üle teostab
järelevalvet Eesti Finantsinspektsioon.
Lisainformatsioon:
Tarmo Karotam
Baltic Horizon Fund, fondijuht
E-mail [email protected]
www.baltichorizon.com
Teate sisu inglise keeles
Pealkiri
Consolidated un-audited results for Q3 2016
Teade
Baltic Horizon publishes consolidated un-audited financial results for Q3 2016.
As at 30 September 2016 the GAV of the Fund increased to EUR 133.7 million (EUR
118.3 million as at 30 June 2016). The increase is mainly related to G4S
Headquarters and Upmalas Biroji properties acquisitions during the quarter.
As of 30 September 2016, the Fund NAV was EUR 57.2 million, compared to EUR
53.5 million as at 30 June 2016. The increase in NAV is mainly related to the
performance of the Fund (net result EUR 3.7 million during Q3 2016).
During Q3 2016, the Fund recorded a net profit of EUR 3.7 million (EUR 1.1
million during Q3 2015) which had a positive effect on the Fund NAV. The net
result was positively affected by the quarter-end valuations and the
operational performance of the properties.
In Q3 2016, the net rental operating income (NOI) earned by the Group amounted
to EUR 1.9 million (EUR 4.8 million during nine months ended September 2016)
and was higher as compared to the Q3 2015 when the Group earned EUR 1.4 million
(EUR 3.8 million during nine months ended September 2015). Compared to 2015,
the increase in NOI is mainly related to rental income earned by new
acquisitions G4S Headquarters and Upmalas Biroji acquired in July and August
respectively.
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Euro 01.07.2016-30.09.2016 01.07.2015-30.09.2015 01.01.2016-30.09.2016
01.01.2015-30.09.2015
‘000
--------------------------------------------------------------------------------
------------------
Rental 2,058 1,621 5,334
4,325
incom
e
Expens 617 582 1,810
1,468
es
reimb
urseme
nt
reven
ue
Cost (747) (784) (2,301)
(2,004)
of
renta
l
activ
ities
--------------------------------------------------------------------------------
------------------
Net 1,928 1,419 4,843
3,789
renta
l
incom
e
--------------------------------------------------------------------------------
------------------
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------------------
Admini (482) (186) (1,462)
(621)
strati
ve
expen
ses
Other 17 266 95
266
opera
ting
incom
e /
(expe
nses)
Net - - -
(10)
loss
on
dispo
sal of
inves
tment
prope
rty
Valuat 2,802 - 2,361
-
ion
gains
/
(loss
) on
inves
tment
prope
rties
Operat 4,265 1,499 5,837
3,424
ing
profi
t
--------------------------------------------------------------------------------
------------------
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------------------
Financ 3 6 11
14
ial
incom
e
Financ (307) (281) (840)
(814)
ial
expen
ses
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
Net (304) (275) (829)
(800)
finan
cing
costs
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
Profit 3,961 1,224 5,008
2,624
befor
e tax
Income (253) (120) (428)
(288)
tax
charg
e
--------------------------------------------------------------------------------
------------------
Profit 3,708 1,104 4,580
2,336
for
the
perio
d
--------------------------------------------------------------------------------
------------------
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------------------
Other comprehensive income to be reclassified to profit or loss in subsequent
periods
Net (36) (79) (65)
14
gains
(loss
es) on
cash
flow
hedge
s
Income (7) 14 (1)
11
tax
relat
ing to
net
gains
(loss
es) on
cash
flow
hedge
s
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------------------
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------------------
Other (43) (65) (66)
25
compr
ehensi
ve
incom
e/
(expe
nse),
net
of
tax,
to be
recla
ssifie
d to
profi
t or
loss
in
subse
quent
perio
ds
Total 3,665 1,039 4,514
2,361
compr
ehensi
ve
incom
e/
(expe
nse)
for
the
perio
d, net
of
tax
--------------------------------------------------------------------------------
------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Euro ‘000 30.09.2016 31.12.2015
-------------------------------------------------------------
Non-current assets
Investment properties 129,200 86,810
Other non-current assets 376 263
-------------------------------------------------------------
Total non-current assets 129,576 87,073
-------------------------------------------------------------
-------------------------------------------------------------
Current assets
Trade and other receivables 722 840
Prepayments 154 81
Cash and cash equivalents 3,245 1,677
-------------------------------------------------------------
Total current assets 4,121 2,598
-------------------------------------------------------------
Total assets 133,697 89,671
-------------------------------------------------------------
-------------------------------------------------------------
Equity
Paid in capital 46,636 25,674
Cash flow hedge reserve (265) (199)
Retained earnings 10,798 6,218
-------------------------------------------------------------
Total equity 57,169 31,693
-------------------------------------------------------------
-------------------------------------------------------------
Non-current liabilities
Interest bearing loans and borrowings 67,745 39,586
Deferred tax liabilities 4,050 3,673
Derivative financial instruments 297 215
Other non-current liabilities 714 451
-------------------------------------------------------------
Total non-current liabilities 72,806 43,925
-------------------------------------------------------------
-------------------------------------------------------------
Current liabilities
Interest bearing loans and borrowings 1,958 11,608
Trade and other payables 1,183 2,036
Income tax payable 212 112
Derivative financial instruments - 17
Other current liabilities 369 280
-------------------------------------------------------------
Total current liabilities 3,722 14,053
-------------------------------------------------------------
Total liabilities 76,528 57,978
-------------------------------------------------------------
Total equity and liabilities 133,697 89,671
-------------------------------------------------------------
Baltic Horizon Fund is a registered public closed-end real estate fund and
Baltic Horizon units began trading on the Nasdaq Baltic Fund list of July 6,
2016. The company's stock symbol (ticker) is NHCBHFFT.
The fund is managed by Northern Horizon Capital AS under an Alternative
Investment Fund Manager license granted by the Estonian Financial Supervision
Authority.
Additional information:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail [email protected]
www.baltichorizon.com