Trigon Property Development — Interim / Quarterly Report 2021

Feb 28, 2022

Company AS Trigon Property Development

Type Company Release

Category Management interim statement or quaterly financial report

Disclosure time 28 Feb 2022 18:39:30 +0200

Attachments:

• 2021 IV Q interim ENG.pdf (http://oam.fi.ee/en/download?id=6115)

• 2021 IV kv vahearuanne EST.pdf (http://oam.fi.ee/en/download?id=6116)

Currency

Unaudited financial report for the fourth quarter and 12 months 2021 Title

The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2021, 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 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 31 December 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 2021 of AS Trigon Property Development is 272,142 euros and the earnings per

Finantsinspektsioon http://www.fi.ee

As of 31 December 2021 the assets of AS Trigon Property Development were 2,479,935 euros. The equity of the company was 2,363,079 euros, corresponding to 95.29 % of the total balance sheet.

Condensed statement of financial position

	+------------------------------+------------+------------+ 31.12.2021 31.12.2020
	146,890
	789
	0
	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
	+------------------------------+------------+------------+ 938,858 +------------------------------+------------+------------+ 166,825 +------------------------------+------------+------------+ 1,374,252 +------------------------------+------------+------------+ 2,479,935 +------------------------------+------------+------------+ 0 +------------------------------+------------+------------+ 0 +------------------------------+------------+------------+ 2,479,935 +------------------------------+------------+------------+ 116,856 +------------------------------+------------+------------+ 116,856 +------------------------------+------------+------------+ 116,856 +------------------------------+------------+------------+ 2,299,020 +------------------------------+------------+------------+ 226,056 +------------------------------+------------+------------+ 287,542 +------------------------------+------------+------------+ 1,399,575 +------------------------------+------------+------------+ 2,363,079 +------------------------------+------------+------------+ 2,479,935 +------------------------------+------------+------------+

Finantsinspektsioon http://www.fi.ee

Condensed statement of comprehensive income

+----------------------------------------------+------------+-----------+ EUR +----------------------------------------------+------------+-----------+		12 M 2021 12 M 2020
Gain on sales +----------------------------------------------+------------+-----------+	1,633,120	0
Costs of goods sold +----------------------------------------------+------------+-----------+	-1,169,080	0
Gain on sales of investment property +----------------------------------------------+------------+-----------+	0	4,405
Gross profit	464,040	4,405
+----------------------------------------------+------------+-----------+ Administrative and general expenses	-92,014	-20,576
+----------------------------------------------+------------+-----------+ Expenses related to investment property	0	-10,544
+----------------------------------------------+------------+-----------+ Changes in fair value of investment property +----------------------------------------------+------------+-----------+	0	374,594
Other operating income +----------------------------------------------+------------+-----------+	100	0
Operating profit +----------------------------------------------+------------+-----------+	372,126	347,879
Net financial income	120	14
+----------------------------------------------+------------+-----------+ Profit before income tax	372,246	347,893
+----------------------------------------------+------------+-----------+ Income tax expense	-100,104	0
+----------------------------------------------+------------+-----------+ NET PROFIT FOR THE PERIOD	272,142	347,893
+----------------------------------------------+------------+-----------+ TOTAL COMPREHENSIVE PROFIT +----------------------------------------------+------------+-----------+	272,142	347,893

Rando Tomingas

Member of the Management Board

+372 667 9200

Finantsinspektsioon http://www.fi.ee