Trigon Property Development — Interim / Quarterly Report 2020

Nov 30, 2020

Company AS Trigon Property Development

Type Company Release

Category Management interim statement or quaterly financial report

Disclosure time 30 Nov 2020 12:03:18 +0200

Attachments:

• TrigonProp-10004430681-en.pdf (http://oam.fi.ee/en/download?id=5037)

• TrigonProp-10004430683-et.pdf (http://oam.fi.ee/en/download?id=5038)

Currency

Title

Unaudited financial report for the third quarter and 9 months of 2020

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2020, AS Trigon Property Development owned one development project with an area of 21 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 second quarter of 2020 a 0.7-hectare property at the price of 65 000 euros was sold.

Condensed statement of financial position as of 30 September 2020 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 loss for first 9 months of 2020 of AS Trigon Property Development is -15,752 euros and the earnings per share is -0.00350 EUR.

As of 30 September 2020 the assets of AS Trigon Property Development were 2,130,377 euros. The equity of the company was 2,127,709 euros, corresponding to 99.87 % of the total balance sheet.

Condensed statement of financial position

+------------------------------+------------+------------+ EUR		30.09.2020 31.12.2019
+------------------------------+------------+------------+ Cash	151,904	150,007

Finantsinspektsioon http://www.fi.ee

+------------------------------+------------+------------+ Receivables and prepayments +------------------------------+------------+------------+	3,067	7,381
Total current assets +------------------------------+------------+------------+	154,971	157,388
Investment property +------------------------------+------------+------------+	1,975,406	2,036,000
Total non-current assets	1,975,406	2,036,000
+------------------------------+------------+------------+ TOTAL ASSETS	2,130,377	2,193,388
+------------------------------+------------+------------+ Payables and prepayments	2,668	49,927
+------------------------------+------------+------------+ Total current liabilities	2,668	49,927
+------------------------------+------------+------------+ Total liabilities +------------------------------+------------+------------+	2,668	49,927
Share capital at book value	2,299,020	2,299,020
+------------------------------+------------+------------+ Share premium	226,056	226,056
+------------------------------+------------+------------+ Statutory reserve capital	287,542	287,542
+------------------------------+------------+------------+ Accumulated loss	-684,909	-699,157
+------------------------------+------------+------------+ Total equity	2,127,709	2,143,461
+------------------------------+------------+------------+ TOTAL LIABILITIES AND EQUITY +------------------------------+------------+------------+	2,130,377	2,193,388

Condensed statement of comprehensive income

+-----------------------------------------+----------+----------+ EUR +-----------------------------------------+----------+----------+		9 M 2020 9 M 2019
Gain on sales of investment +-----------------------------------------+----------+----------+	4,405	0
Expenses related to investment property	-8,409	-9,466
+-----------------------------------------+----------+----------+ Gross loss	-4,004	-9,466
+-----------------------------------------+----------+----------+ Administrative and general expenses	-11,758	-13,701
+-----------------------------------------+----------+----------+ Operating loss	-15,762	-23,167
+-----------------------------------------+----------+----------+ Net financial income	10	5
+-----------------------------------------+----------+----------+ NET LOSS FOR THE PERIOD +-----------------------------------------+----------+----------+	-15,752	-23,162

Finantsinspektsioon http://www.fi.ee

TOTAL COMPREHENSIVE LOSS		-15,752		-23,162
+-----------------------------------------+----------+----------+

Rando Tomingas Member of the Management Board +372 667 9200

Finantsinspektsioon http://www.fi.ee