Trigon Property Development — Earnings Release 2021

Nov 30, 2021

Company AS Trigon Property Development

Type Company Release

Category Management interim statement or quaterly financial report

Disclosure time 30 Nov 2021 15:26:33 +0200

Attachments:

• 2021 III Q interim ENG.pdf (http://oam.fi.ee/en/download?id=5931)

• 2021 III kv vahearuanne EST.pdf (http://oam.fi.ee/en/download?id=5932)

Currency

Title

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

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2021, AS Trigon Property Development owned one development project with an area of 14.3 hectares in the City of Pärnu, Estonia. An industrial and logistics park is planned to be developed on this area. The Company's objective 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 plots owned by the Company.

In the first quarter of 2021 a 3.43-hectare property at the price of 824 040 (VAT not included) euros was sold.

In the second quarter of 2021 a 0.89-hectare property at the price of 205 000 (VAT not included) euros was sold.

In the third quarter of 2021 a 2.01-hectare property at the price of 604 080 (VAT not included) euros was sold.

Condensed statement of financial position as of 30 September 2021 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.

According to the condensed statement of comprehensive income the net profit for first 9 months of 2021 of AS Trigon Property Development is 398,411 euros and the earnings per share is 0.08855 EUR.

As of 30 September 2021 the assets of AS Trigon Property Development were 2,890,408 euros. The equity of the company was 2,889,764 euros, corresponding to 99.98 % of the total balance sheet.

Finantsinspektsioon http://www.fi.ee

Condensed statement of financial position

	+------------------------------+------------+------------+ 30.09.2021 31.12.2020
	146,890
	789
	147,679
	2,350,000
	2,350,000
	2,497,679
	6,325
	6,325
	6,325
	2,299,020
	226,056
	287,542
	-321,264
	2,491,354
TOTAL LIABILITIES AND EQUITY	2,497,679 +------------------------------+------------+------------+
	+------------------------------+------------+------------+ 1,488,952 +------------------------------+------------+------------+ 43,189 +------------------------------+------------+------------+ 1,532,141 +------------------------------+------------+------------+ 1,358,267 +------------------------------+------------+------------+ 1,358,267 +------------------------------+------------+------------+ 2,890,408 +------------------------------+------------+------------+ 644 +------------------------------+------------+------------+ 644 +------------------------------+------------+------------+ 644 +------------------------------+------------+------------+ 2,299,020 +------------------------------+------------+------------+ 226,056 +------------------------------+------------+------------+ 287,542 +------------------------------+------------+------------+ 77,146 +------------------------------+------------+------------+ 2,889,764 +------------------------------+------------+------------+ 2,890,408

Condensed statement of comprehensive income

+-----------------------------------------+----------+----------+
EUR +-----------------------------------------+----------+----------+		9 M 2021 9 M 2020
Gain on sales of investment property	464,040	4,405
+-----------------------------------------+----------+----------+ Expenses related to investment property	-5,983	-8,409
+-----------------------------------------+----------+----------+ Gross profit /loss	458,057	-4,004
+-----------------------------------------+----------+----------+

Finantsinspektsioon http://www.fi.ee

Administrative and general expenses +-----------------------------------------+----------+----------+	-59,831	-11,758
Other operating income +-----------------------------------------+----------+----------+	100	0
Operating profit /loss +-----------------------------------------+----------+----------+	398,326	-15,762
Net financial income +-----------------------------------------+----------+----------+	86	10
NET PROFIT /LOSS FOR THE PERIOD	398,411	-15,752
+-----------------------------------------+----------+----------+ TOTAL COMPREHENSIVE PROFIT /LOSS +-----------------------------------------+----------+----------+	398,411	-15,752

Rando Tomingas

Member of the Management Board

+372 667 9200

Finantsinspektsioon http://www.fi.ee