OREANDA-NEWS. May 28, 2015. As at the end of first quarter of 2015, AS Trigon Property Development owned one property development project involving 33.26-hectare land plot in the City of Parnu, 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 March 2015 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 loss for first quarter of 2015 of AS Trigon Property Development is -13,715 euros and the earnings per share  is -0.00305 EUR.

As of 31 March 2015 the consolidated assets of AS Trigon Property Development were 2,431,718 euros. The consolidated equity of the company was 2,410,716 euros, corresponding to 99 % of the total balance sheet.

Condensed consolidated statement of financial position

EUR   31.03.2015 31.12.2014
Cash   10 275 144 536
Receivables and prepayments   68 403 93 254
Total current assets   78 678 237 790
Investment property   2 353 040 2 350 000
Total non-current assets   2 353 040 2 350 000
TOTAL ASSETS   2 431 718 2 587 790
Borrowings   12 516 12 516
Payables and prepayments   2 986 26 293
Total current liabilities   15 502 38 809
Long-term borrowings   5 500 124 550
Total non-current liabilities   5 500 124 550
Total liabilities   21 002 163 359
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   -802 319 -788 604
Total equity   2 410 716 2 424 431
TOTAL LIABILITIES AND EQUITY   2 431 718 2 587 790

 Condensed consolidated statement of comprehensive income

EUR I Q 2015 I Q 2014
Rental income 0 1 140
Expenses related to investment property -5 382 -5 771
Gross loss -5 382 -4 631
Administrative and general expenses -7 441 -6 835
Operating profit (-loss) -12 823 -11 466
Net financial income -892 -1 737
NET PROFIT (-LOSS) FOR THE PERIOD -13 715 -13 203
TOTAL COMPREHENSIVE INCOME -13 715 -13 203