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
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
7950
Manused
Esitamise kuupäev ja aeg
22.04.2020 10:39:25
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UPP Olaines OÜ 2020. aasta esimese kvartali konsolideeritud auditeerimata vahearuanne
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TEGEVUSARUANNE 2020. AASTA 3 KUU KOHTA Üldine informatsioon UPP Olaines OÜ (edaspidi 'Ettevõte', ja koos tütarettevõtetega 'Grupp') asutati kinnisvarainvesteeringu Olaines Logistics Park (hooned ja kinnistu) finantseerimiseks, omandamiseks ning haldamiseks. Olaines Logistics Park asukoht on Sharlotes, Olainese maakond, Olainese vald, kadastrinumber 8080 003 0029, registreeritud Olaine valla linna maakatastris nr. 5439. Ettevõte asutati 24.08.2017 ning Ettevõttel puudus majanduslik tegevus kuni 15.12.2017, kui omandati Olaines Logistics Parki külmladu. Ettevõtte äritegevus ei ole mõjutatud hooajalistest faktoritest. Ettevõtte tegevusel puudub sotsiaalne või keskkondlik mõju. Ettevõte on loodud ainult Olaines Logistics Parki finantseerimiseks, omandamiseks ja haldamiseks, seetõttu strateegilisi muutusi ettevõtte äritegevuses ei ole planeeritud. UPP Olaines OÜ on jätkuvalt tegutsev. COVID-19 mõju Ettevõtte majandustegevusele 2020. aasta alguses üle maailma levima hakanud ning 2020. a. märtsis globaalse majandusseisaku põhjustanud koroonaviirus jõudis ka Baltimaadesse, põhjustades siin riigipiiride sulgemised välisriikide kodanikele, koolide sulgemised ning esmatarbekaupade ostupaanika. Pandeemiast põhjustatud majandusseisaku tagajärgede ulatuslikus on veel ebaselge. Aruandlusperioodi vältel ei olnud Ettevõtte majandustegevus COVID-19 puhangust otseselt mõjutatud. Juhatuse parim hinnang näeb ette, et olukorras kus viiruse puhang ning sellest tingitud majandusseisak oluliselt ei süvene, siis tulenevalt Ettevõtte poolt omatud kinnisvara rentivate ettevõtete tegevusvaldkonnast, eeldab Juhatus COVID-19 mõju Ettevõtte majandustulemustele mõõdukaks. 2020. aasta esimese kvartali finantsülevaade Neto renditulu laekus 2020. a. esimeses kvartalis Ettevõttele 657 214 eurot, vastab ootustele ning on sarnasel tasemel 2019. a. esimese kvartaliga, mil Ettevõttele laekus neto renditulu 649 713 eurot. Ettevõtte ärikasumi tulem 2020. a. esimeses kvartalis oli 619 887 377 eurot, mis on 3,8% vähem võrreldes 2019. a. esimese kvartaliga, mil Ettevõtte tegi ärikasumit 644 147 eurot. Madalam ärikasum aruandlusperioodl on tingitud kõrgematest üldhalduskuludest. Aruandlusperioodi kasum 2020. a. esimeses kvartalis oli 329 107, mis on 23% rohkem võrreldes 2019. a. esimese kvartaliga, mil Ettevõtte puhaskasum oli 267 473 eurot. Kasumi kasv aruandlusperioodil on tingitud madalamatest finantskuludest võrreldes 2019. a. esimese kvartaliga, mil muudatused intressivahetuslepingu õiglases väärtuses tõstid Ettevõtte finantskulusid. SIA Olaines Logistics ja SIA Olaines Logistics Parks ühinemine 22. jaanuaril 2020 ühinesid Ettevõtte Läti tütarettevõtted SIA Olaines Logistics ning SIA Olaines Logistics Parks. Ühinemine oli tavapärane protsess mida on kirjeldatud ka võlakirjade tingimustes, kus SIA Olaines Logistics Parks, kes oli tehingus ostetav, ühendati SIA Olaines Logistics'iga, kes oli tehingus ostja. Ühinemine võttis plaanitus kauem aega tulenevalt Läti seadusandluse eripärast. Ühinemise tulemusena tõuseb veelgi Ettevõtte operatsioonide ning juhtimise efektiivsus. Grupi uus struktuur on leitav Lisa 1. 2020. aasta 3 kuu finantsilised võtmenäitajad ------------------------------------------------- (eurodes) I kv 2020 I kv 2019 ------------------------------------------------- Neto renditulu 657 214 649 713 Ärikasum 619 887 644 147 Perioodi kasum 329 107 267 473 ------------------------------------------------- ------------------------------------------------------------------------- (eurodes) 31.03.2020 31.03.2019 ------------------------------------------------------------------------- Kinnisvarainvesteering 30 909 000 30 762 000 Intressikandvad laenud 28 226 632 29 390 632 Intressikandvad laenud ilma omanikulaenuta 25 278 332 26 342 332 ------------------------------------------------------------------------- ------------------------------------------------------------------------------- 3 kuud 2020 3 kuud 2019 ------------------------------------------------------------------------------- Puhaskasumi marginaal, % (Puhaskasum / Puhas renditulu) 49% 41% ROA (Puhaskasum / Perioodi keskmised varad) 1,04% 0,85% DSCR (Ärikasum / Intressikandvate laenude põhiosa tagasimaksed ning intressimaksed) 1,2 1,1 KONSOLIDEERITUD VAHEARUANNE Konsolideeritud koondkasumi vahearuanne ----------------------------------------------------------------------------- (eurodes) Lisa I kv 2020 I kv 2019 ----------------------------------------------------------------------------- Neto renditulu 5 657 214 649 713 ----------------------------------------------------------------------------- Neto renditulu 657 214 649 713 ----------------------------------------------------------------------------- Üldhalduskulud (37 327) (5 566) ----------------------------------------------------------------------------- Ärikasum 619 887 644 147 ----------------------------------------------------------------------------- Finantstulud / (kulud) (290 780) (376 674) ----------------------------------------------------------------------------- Kasum enne tulumaksu 329 107 267 473 ----------------------------------------------------------------------------- Äriühingu tulumaks 0 0 ----------------------------------------------------------------------------- Aruandeperioodi kasum 329 107 267 473 ----------------------------------------------------------------------------- Aruandeperioodi koondkasum kokku 329 107 267 473 ----------------------------------------------------------------------------- Konsolideeritud finantsseisundi vahearuanne ----------------------------------------------------------------------- (eurodes) Lisa 31.03.2020 31.03.2019 ----------------------------------------------------------------------- Raha ja raha ekvivalendid 534 344 523 170 Nõuded ostjate vastu ja muud nõuded 313 568 281 913 ----------------------------------------------------------------------- Käibevara kokku 847 912 805 083 Kinnisvarainvesteering 30 909 000 30 762 000 ----------------------------------------------------------------------- Põhivara kokku 30 909 000 30 762 000 VARAD KOKKU 31 756 912 31 567 083 Võlad tarnijatele ja muud võlad 379 344 450 946 Tuletisinstrumendid 448 432 488 313 Laenukohustised 6 1 064 004 1 064 000 ----------------------------------------------------------------------- Lühiajalised kohustised 1 891 780 2 003 259 Laenukohustised 6 27 162 628 28 326 632 ----------------------------------------------------------------------- Pikaajalised kohustised 27 162 628 28 326 632 KOHUSTISED KOKKU 29 054 408 30 329 891 Osakapital 2 500 2 500 Jaotamata kasum 2 700 004 1 234 692 ----------------------------------------------------------------------- OMAKAPITAL KOKKU 2 702 504 1 237 192 OMAKAPITAL JA KOHUSTISED KOKKU 31 756 912 31 567 083 ----------------------------------------------------------------------- Lisainformatsioon: ?Siim Sild Direktor +372 5626 0107 [email protected]
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UPP Olaines OÜ consolidated unaudited financial results for first quarter of 2020
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MANAGEMENT REPORT FOR 3 MONTHS 2020 General information UPP Olaines OÜ (hereafter 'the Company' and 'Group' when referred together with subsidiaries) was established for the purpose of funding, acquiring and managing the real estate investment of Olaines Logistics Park: (buildings and land) located at "Sharlotes", Olaines county, Olaines parish, Latvia, cadastre number 8080 003 0029, registered in the Land Register compartment No.5439 of the city of Olaine parish. The Company was established on 24.08.2017 and had no economic activity until 15.12.2017, when it acquired the cold storage warehouse Olaines Logistics Park. The business performance is not affected by seasonal factors. The activities of the Company have no environmental or social impact. As the Company has been established solely for the purpose of funding, acquiring and managing the property, no strategic changes in the business are planned. UPP Olaines OÜ is operating based on going concern. The impact of COVID-19 on the Company's economic activity The novel coronavirus outbreak started in early 2020 and caused a global economic downturn in March 2020. The COVID-19 also reached the Baltic states, causing border closures for foreign nationals, school closures and panic shopping for consumer stapels. The full effect of the economic downturn caused by the pandemic remains to be seen. The Company's economic activities for the reporting period have not been affected by the virus outbreak. The Management Board's best estimate is that, in the event that the outbreak of the virus and the resulting economic downturn do not materially worsen, the effect of these circumstances on the Company's financial performance will be moderate, due to the industry the Company's property leasing companies are operating in. Financial commentary for the first quarter of 2020 Net rental income was 657 214 euros for the first quarter of 2020, which is in line with the net rental income of 649 713 euros for the first quarter of 2019. Operating profit was 619 887 euros for the first quarter of 2020, decreased by 3.8% from 644 147 euros for the first quarter of 2019. The decrease in operating profit was caused by increased management costs. Net income was 329 107 euros for the first quarter of 2020, increased by 23% from 267 473 euros for the first quarter of 2019. The increase in net income for the reporting period was caused by the reduced financial costs compared with first quarter of 2019, where the adjustments of fair value of the interest rate swap contract had a negative impact on the financial expenses. Merger of SIA Olaines Logistics and SIA Olaines Logistics Parks On January 22(nd) 2020 the subsidiaries SIA Olaines Logistics and SIA Olaines Logistics Parks were merged. The merger was planned and part of normal management of the business, referred to also in the note issue terms and conditions. The merger took somewhat longer due to the peculiarities of the Latvian legislation. The merger will further increase the efficiency of the Company's operations and management. The new Group structure is found in Note 1. Key indicators of financial performance and position for 3 months 2020 ---------------------------------------------------- (in EUR) Q1 2020 Q1 2019 ---------------------------------------------------- Net rental income 657 214 649 713 Operating profit 619 887 644 147 Profit for the period 329 107 267 473 ---------------------------------------------------- --------------------------------------------------------------------------- (in EUR) 31.03.2020 31.03.2019 --------------------------------------------------------------------------- Investment property 30 909 000 30 762 000 Interest-bearing loans 28 226 632 29 390 632 Interest-bearing loans less shareholder loan 25 278 332 26 342 332 --------------------------------------------------------------------------- ------------------------------------------------------------------------------- Q1 2020 Q1 2019 ------------------------------------------------------------------------------- Net profit margin (Total comprehensive income for the period / Net rental income) 49% 41% ROA (Net profit for the period / Average total assets for the period) 1,04% 0,85% DSCR (Operating profit / Loan principal and interest payments on interest-bearing loans) 1,2 1,1 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Condensed consolidated interim statement of comprehensive income -------------------------------------------------------------------------- (in EUR) Note Q1 2020 Q1 2019 -------------------------------------------------------------------------- Net rental income 5 657 214 649 713 -------------------------------------------------------------------------- Net rental income 657 214 649 713 -------------------------------------------------------------------------- General and administrative expenses (37 327) (5 566) -------------------------------------------------------------------------- Operating profit 619 887 644 147 -------------------------------------------------------------------------- Financial income / (cost) (290 780) (376 674) -------------------------------------------------------------------------- Profit before income tax 329 107 267 473 -------------------------------------------------------------------------- Income tax 0 0 -------------------------------------------------------------------------- Profit for the period 329 107 267 473 -------------------------------------------------------------------------- Total comprehensive income for the period 329 107 267 473 -------------------------------------------------------------------------- Condensed consolidated interim statement of financial position ----------------------------------------------------------------- (in EUR Note 31.03.2020 31.03.2019 ----------------------------------------------------------------- Cash and cash equivalents 534 344 523 170 Trade and other receivables 313 568 281 913 ----------------------------------------------------------------- Total current assets 847 912 805 083 Investment property 30 909 000 30 762 000 ----------------------------------------------------------------- Total non-current assets 30 909 000 30 762 000 TOTAL ASSETS 31 756 912 31 567 083 Trade and other payables 379 344 450 946 Financial derivatives 448 432 488 313 Loans and borrowings 6 1 064 004 1 064 000 ----------------------------------------------------------------- Total current liabilities 1 891 780 2 003 259 Loans and borrowings 6 27 162 628 28 326 632 ----------------------------------------------------------------- Total non-current liabilities 27 162 628 28 326 632 TOTAL LIABILITIES 29 054 408 30 329 891 Share capital 2 500 2 500 Retained earnings 2 700 004 1 234 692 ----------------------------------------------------------------- TOTAL EQUITY 2 702 504 1 237 192 TOTAL EQUITY AND LIABILITIES 31 756 912 31 567 083 ----------------------------------------------------------------- More information: Siim Sild Director +372 5626 0107 [email protected]