Unaudited financial report for the third quarter and 9

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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 ​​14.3 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 euros (excluding VAT) 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 398,411 and earnings per share is EUR 0.08855.

As of September 30, 2021, the assets of AS Trigon Property Development amounted to 2,890,408 euros. The company’s equity amounted to 2,889,764 euros, corresponding to 99.98% 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 644 6,325
Total current liabilities 644 6,325
Total responsibilities 644 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 77 146 -321,264
Total equity 2 889 764 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 property -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
NET PROFIT / LOSS FOR THE PERIOD 398 411 -15,752
TOTAL OVERALL PROFIT / LOSS 398 411 -15,752

Tomingas hike

Member of the Board of Directors

+372 667 9200

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