Trigon Property Development — Interim / Quarterly Report 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 19:38:58 +0200

Attachments:

• 2021 III Q interim ENG.pdf (http://oam.fi.ee/en/download?id=5933)

• 2021 III kv vahearuanne EST.pdf (http://oam.fi.ee/en/download?id=5934)

Currency

Title

Correction: 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 14.29 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 298,307 euros and the earnings per share is 0.06630 EUR.

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

Finantsinspektsioon http://www.fi.ee

Condensed statement of financial position

+------------------------------+------------+------------+
EUR +------------------------------+------------+------------+		30.09.2021 31.12.2020
Cash +------------------------------+------------+------------+	1,488,952	146,890
Receivables and prepayments	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
+------------------------------+------------+------------+ Payables and prepayments	501,164	6,325
+------------------------------+------------+------------+ Total current liabilities	501,164	6,325
+------------------------------+------------+------------+ Total liabilities	501,164	6,325
+------------------------------+------------+------------+ Share capital at book value	2,299,020	2,299,020
+------------------------------+------------+------------+ Share premium	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 +-----------------------------------------+----------+----------+		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
+-----------------------------------------+----------+----------+ 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 COMPREHENSIVE PROFIT /LOSS +-----------------------------------------+----------+----------+	298,307	-15,752

Rando Tomingas

Member of the Management Board

+372 667 9200

Finantsinspektsioon http://www.fi.ee