Trigon Property Development » News
02.03.2009 12.09,
TPD: Unaudited Financial results of Trigon Property Development, 12 months of 2008
27.02.2009
The balance sheet as of 31.12.2008 and 31.12.2007 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.
The current income statement for 12 months of 2008 reflects the profit of AS Trigon Property Development and the comparative information reflects the profit of AS Trigon Property Development and AS Viisnurk.
According to the presented income statement the net loss for 12 months 2008 of AS Trigon Property Development is 13 180 thousand EEK and the earnings per share is –2.93 EEK. Consolidated loss for the accounting period results from revaluation of the real estate in the total amount of minus EEK 13 259 thousand.
As of 31.12.2008 the consolidated assets of AS Trigon Property Development was EEK 124 474 thousand. The consolidated equity of the company was EEK 121 139 thousand, corresponding to 97.32 % of the total balance sheet.
|
EEK thous |
EEK thous |
EUR thous |
EUR thous |
31.12.2008 |
31.12.2007 |
31.12.2008 |
31.12.2007 |
|
Cash |
69 |
372 |
4 |
24 |
Receivables and prepayments |
125 |
84 |
8 |
5 |
Total current assets |
194 |
456 |
12 |
29 |
Investment property |
124 280 |
137 251 |
7 943 |
8 772 |
Total non-current assets |
124 280 |
137 251 |
7 943 |
8 772 |
TOTAL ASSETS |
124 474 |
137 707 |
7 955 |
8 801 |
|
||||
Borrowings |
1 026 |
392 |
65 |
25 |
Payables and prepayments |
155 |
450 |
10 |
29 |
Total current liabilities |
1 181 |
842 |
75 |
54 |
Long-term borrowings |
2 154 |
2 546 |
138 |
163 |
Total non-current liabilities |
2 154 |
2 546 |
138 |
163 |
|
||||
Total liabilities |
3 335 |
3 388 |
213 |
217 |
|
||||
Share capital at nominal value |
44 991 |
44 991 |
2 875 |
2 875 |
Share premium |
3 537 |
3 537 |
226 |
226 |
Statutory reserve capital |
4 499 |
4 499 |
288 |
288 |
Retained earnings |
68 112 |
81 292 |
4 353 |
5 195 |
Total equity |
121 139 |
134 319 |
7 742 |
8 584 |
TOTAL LIABILITIES AND EQUITY |
124 474 |
137 707 |
7 955 |
8 801 |
|
EEK thous |
EEK thous |
EUR thous |
EUR thous |
12 months 2008 |
12 months 2007 |
12 months 2008 |
12 months 2007 |
|
Continuing operations |
|
|
|
|
Rental income |
468 |
343 |
30 |
22 |
Expenses related to investment property |
(180) |
(181) |
(11) |
(12) |
Gross profit |
288 |
162 |
19 |
10 |
Administrative and general expenses |
(378) |
(631) |
(24) |
(40) |
Change in fair value of investment property |
(13 259) |
26 332 |
(847) |
1 683 |
Other operating income |
226 |
0 |
14 |
0 |
Operating profit (loss) |
(13 123) |
25 863 |
(838) |
1 653 |
Net financial income |
(57) |
(38) |
(4) |
(2) |
|
|
|
|
|
Profit (loss) from continuing operations |
(13 180) |
25 825 |
(842) |
1 651 |
|
||||
Profit from discontinued operations |
0 |
11 875 |
0 |
758 |
|
||||
Profit (loss) before income tax |
(13 180) |
37 700 |
(842) |
2 409 |
|
|
|
|
|
Corporate income tax |
0 |
(475) |
0 |
(30) |
|
|
|
|
|
NET PROFIT (LOSS) FOR THE PERIOD |
(13 180) |
37 225 |
(842) |
2 379 |
Basic earnings per share |
-2.93 |
8.27 |
-0.19 |
0.53 |
Diluted earnings per share |
-2.93 |
8.27 |
-0.19 |
0.53 |
Ülo Adamson
Chairman of the Supervisory Board
+372 6679 200