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 14.3 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 398,411 euros and the earnings per share is 0.08855 EUR.
As of 30 September 2021 the assets of AS Trigon Property Development were 2,890,408 euros. The equity of the company was 2,889,764 euros, corresponding to 99.98 % of the total balance sheet.
Condensed statement of financial position
Receivables and prepayments
Total current assets
Total non-current assets
Payables and prepayments
Total current liabilities
Share capital at book value
Statutory reserve capital
Retained earnings /loss
TOTAL LIABILITIES AND EQUITY
Condensed statement of comprehensive income
9 M 2021
9 M 2020
Gain on sales of investment property
Expenses related to investment property
Gross profit /loss
Administrative and general expenses
Other operating income
Operating profit /loss
Net financial income
NET PROFIT /LOSS FOR THE PERIOD
TOTAL COMPREHENSIVE PROFIT /LOSS
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