OREANDA-NEWS. As at the end of third quarter of 2015, AS Trigon Property Development owned one property development project involving 32.8-hectare land plot in the City of Pärnu, Niidu area. In July 2015 a 0.5-hectare part of the project was sold.

Condensed consolidated statement of financial position as of 30 September 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 9 months of 2015 of AS Trigon Property Development is -26,601 euros and the earnings per share is -0.00591 EUR.

As of 30 September 2015 the consolidated assets of AS Trigon Property Development were 2,399,783 euros. The consolidated equity of the company was 2,397,830 euros, corresponding to 99.92 % of the total balance sheet.

Condensed consolidated statement of financial position

EUR   30.09.2015 31.12.2014
Cash   96 605 144 536
Receivables and prepayments   32 930 93 254
Total current assets   129 535 237 790
Investment property   2 270 248 2 350 000
Total non-current assets   2 270 248 2 350 000
TOTAL ASSETS   2 399 783 2 587 790
Borrowings   0 12 516
Payables and prepayments   1 953 26 293
Total current liabilities   1 953 38 809
Long-term borrowings   0 124 550
Total non-current liabilities   0 124 550
Total liabilities   1 953 163 359
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   -815 205 -788 604
Total equity   2 397 830 2 424 431
TOTAL LIABILITIES AND EQUITY   2 399 783 2 587 790

 Condensed consolidated statement of comprehensive income

EUR 9 M 2015 9 M 2014
Rental income 0 3 420
Expenses related to investment property -6 382 -5 771
Gross loss -6 382 -2 351
Administrative and general expenses -17 973 -19 836
Operating loss -24 355 -22 187
Net financial income -2 246 -7 477
NET LOSS FOR THE PERIOD -26 601 -29 664
TOTAL COMPREHENSIVE LOSS -26 601 -29 664