Trigon Property Development — Interim / Quarterly Report 2023

Nov 29, 2023

Company AS Trigon Property Development

Type

Company Release

Category Other corporate action

Disclosure time 29 Nov 2023 10:40:54 +0200

Attachments:

• 2023 III Q interim ENG.pdf (http://oam.fi.ee/en/download?id=7883)

• 2023 III kv vahearuanne EST.pdf (http://oam.fi.ee/en/download?id=7884)

Currency

Title

Unaudited financial report for the third quarter and 9 months of 2023

The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2023, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, 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. As the main purpose of the company is to sell existing land plots, investment property was recognized as inventories.

In the first quarter of 2022, a 0.53-hectare property was sold for 213,200 euros (excluding VAT).

In the second quarter of 2022, a 1.0-hectare property was sold for 401,280 euros (excluding VAT).

In the third quarter of 2023, a 0.53-hectare transportation purpose land was sold for 26,580 euros (excluding VAT).

Condensed statement of financial position as of 30 September 2023 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 2023 of AS Trigon Property Development is 294 euros and the earnings per share is 0.00007 EUR.

As of 30 September 2023, the assets of AS Trigon Property Development were 1,723,457 euros. The equity of the company was 1,720,072 euros, corresponding to 99.80 % of the total balance sheet.

Finantsinspektsioon http://www.fi.ee

Condensed statement of financial position

+------------------------------+------------+------------+ EUR +------------------------------+------------+------------+		30.09.2023 31.12.2022
Cash and cash equivalents +------------------------------+------------+------------+	168,173	199,196
Trade and other receivables +------------------------------+------------+------------+	22,012	19,844
Inventories +------------------------------+------------+------------+	1,533,273	1,519,536
Total current assets	1,723,457	1,738,576
+------------------------------+------------+------------+ TOTAL ASSETS	1,723,457	1,738,576
+------------------------------+------------+------------+ Trade and other payables	3,386	18,798
+------------------------------+------------+------------+ Total current liabilities +------------------------------+------------+------------+	3,386	18,798
Total liabilities	3,386	18,798
+------------------------------+------------+------------+ Share capital at book value	449,906	449,906
+------------------------------+------------+------------+ Share premium	226,056	226,056
+------------------------------+------------+------------+ Statutory reserve capital	287,542	287,542
+------------------------------+------------+------------+ Retained earnings	756,568	756,274
+------------------------------+------------+------------+ Total equity	1,720,072	1,719,778
+------------------------------+------------+------------+ TOTAL LIABILITIES AND EQUITY	1,723,457	1,738,576
+------------------------------+------------+------------+

Condensed statement of comprehensive income

+-------------------------------------+----------+----------+ EUR		9 M 2023 9 M 2022
+-------------------------------------+----------+----------+ Revenue	26,580	614,480
+-------------------------------------+----------+----------+ Costs of goods sold		0 -259,267
+-------------------------------------+----------+----------+ Gross profit	26,580	355,213
+-------------------------------------+----------+----------+ Administrative and general expenses +-------------------------------------+----------+----------+	-27,271	-40,735

Finantsinspektsioon http://www.fi.ee

Operating profit/loss +-------------------------------------+----------+----------+	-691	314,478
Financial income +-------------------------------------+----------+----------+	985	45
PROFIT FOR THE PERIOD	294	314,522
+-------------------------------------+----------+----------+ Income tax expense		0 -134,580
+-------------------------------------+----------+----------+ TOTAL COMPREHENSIVE PROFIT +-------------------------------------+----------+----------+	294	179,942

Rando Tomingas

Member of the Management Board

Telephone: +372 667 9200

E-mail: info@trigonproperty.com

(https://www.globenewswire.com/Tracker?data=wN3CV2cKvFbAUqTMJhguW6xmQnZ9FFUMQYs0 Y995BjR35jvRI3HcEIvwUy79C-8m3TTBDm0qWTZBQzRYEQuxbj5zKP9-fPiY0adYVuhKnQk=)

Finantsinspektsioon http://www.fi.ee