Unaudited financial report for the third quarter and 9 months of 2021

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The main activity of Trigon Property Development AS is real estate development. As of 30.09.2021, AS Trigon Property Development held a development project with an area of ​​14.29 hectares in the town of Pärnu, Estonia. It is planned to develop an industrial and logistics park in this area. The objective of the Company is to find companies willing to bring their business activities (industry, logistics) to the development project area of ​​AS Trigon Property Development in Pärnu, which would add value to the land owned by the Company. Society.

In the first quarter of 2021 a 3.43 hectare property at a price of 824,040 euros (excluding VAT) was sold.

In the second quarter of 2021, a 0.89 hectare property at a price of 205,000 (excluding VAT) euros was sold.

In the third quarter of 2021, a 2.01 hectare property at a price of 604,080 euros (excluding VAT) was sold.

The condensed statement of financial position as at September 30, 2021 issued by this announcement fully reflects the assets, liabilities and equity of AS Trigon Property Development.

According to the condensed statement of comprehensive income, net profit for the first 9 months of 2021 of AS Trigon Property Development is EUR 298,307 and earnings per share is EUR 0.06630.

As of September 30, 2021, the assets of AS Trigon Property Development amounted to 2,890,408 euros. The company’s equity amounted to € 2,389,244, corresponding to 82.66% of the balance sheet total.

Condensed statement of financial position

EUR

30.09.2021

31.12.2020

Cash

1,488,952

146,890

Receivables and down payments

43 189

789

Total current assets

1,532,141

147,679

Investment property

1,358,267

2,350,000

Total non-current assets

1,358,267

2,350,000

TOTAL ASSETS

2,890,408

2 497 679

Debts and deposits

501 164

6,325

Total current liabilities

501 164

6,325

Total responsibilities

501 164

6,325

Share capital at book value

2,299,020

2,299,020

Sharing bonus

226,056

226,056

Statutory reserve capital

287,542

287,542

Retained earnings / loss

1,425,740

-321,264

Total equity

2 389 244

2,491,354

TOTAL LIABILITIES AND EQUITY

2,890,408

2 497 679

Condensed statement of comprehensive income

EUR

9M 2021

9M 2020

Gain on sale of investment property

464,040

4,405

Expenses related to investment properties

-5,983

-8,409

Gross profit / loss

458,057

-4,004

Administrative and general costs

-59 831

-11 758

Other exploitation products

100

0

Operating profit / loss

398,326

-15 762

Net financial income

86

ten

Profit / loss before income tax

398 411

-15,752

Income tax expense

-100.104

0

NET PROFIT / LOSS FOR THE PERIOD

298,307

-15,752

TOTAL OVERALL PROFIT / LOSS

298,307

-15,752

Tomingas hike

Member of the Management Board

+372 667 9200

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