OREANDA-NEWS. As at the end of fourth quarter 2012, AS Trigon Property Development owned one property development project involving 35.46-hectare land plot in the City of Pдrnu, Niidu area. Trigon Property Development AS considers expansion of business activity and analyses acquisition opportunities for different new projects.

Condensed consolidated statement of financial position as of 31 December 2012 and 31 December 2011 delivered by the present announcement completely reflects the assets, liabilities and equity capital of AS Trigon Property Development.

According to the condensed consolidated statement of comprehensive income the net profit for 12 months 2012 of AS Trigon Property Development is 16,802 euros and the earnings per share is 0,00373EUR.

As of 31 December 2012 the consolidated assets of AS Trigon Property Development were 2,319,786 euros. The consolidated equity of the company was 2,180,827 euros, corresponding to 94 % of the total balance sheet.

Condensed consolidated statement of financial position

EUR

31.12.2012

31.12.2011

Cash

26 868

12 492

Receivables and prepayments

2 918

2 518

Total current assets

29 786

15 010

Investment property

2 290 000

2 425 000

TOTAL ASSETS

2 319 786

2 440 010

Borrowings

25 032

25 032

Payables and prepayments

23 250

55 244

Total current liabilities

48 282

80 276

Long-term borrowings

165 708

195 709

Total liabilities

212 304

275 985

Share capital at nominal value

2 699 437

2 699 437

Share premium

226 056

226 056

Statutory reserve capital

287 542

287 542

Retained earnings

-1 032 208

-1 049 010

Total equity

2 180 827

2 164 025

TOTAL LIABILITIES AND EQUITY

2 319 786

2 440 010

Condensed consolidated statement of comprehensive income

EUR

Q4 2012

Q4 2011

2012

2011

Rental income

4 373

4 740

18 213

22 480

Expenses related to investment property

-9 753

-5 128

-20 096

-14 479

Gross profit

-5 380

-388

-1 883

8 001

Administrative and general expenses

-15 516

-14 041

-47 194

-26 689

Changes in fair value of investment property

-94 520

-1 730 487

76 000

-1 712 039

Operating profit

-115 416

-1 744 916

26 923

-1 730 727

Net financial loss

-2 571

-3 595

-10 121

-11 805

NET PROFIT FOR THE PERIOD

-117 987

-1 748 511

16 802

-1 742 532

TOTAL COMPREHENSIVE INCOME

-117 987

-1 748 511

16 802

-1 742 532

Basic earnings per share

-0,02622

-0,38864

0,00373

-0,38731

Diluted earnings per share

-0,02622

-0,38864

0,00373

-0,38731