Unaudited financial report for the third quarter and 9

The main activity of Trigon Property Development AS is real estate development. As of 30.09.2021, AS Trigon Property Development held a development project with an area of ​​14.3 hectares in the town of Pärnu, Estonia. It is planned to develop an industrial and logistics park in this area. The objective of the Company 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 owned by the Company. Society.

In the first quarter of 2021, a 3.43 hectare property at a price of 824,040 euros (excluding VAT) was sold.

In the second quarter of 2021, a 0.89 hectare property at a price of 205,000 (excluding VAT) euros was sold.

In the third quarter of 2021, a 2.01 hectare property at a price of 604,080 euros (excluding VAT) was sold.

The condensed statement of financial position as at September 30, 2021 issued by this announcement fully reflects the assets, liabilities and equity of AS Trigon Property Development.

According to the condensed statement of comprehensive income, net profit for the first 9 months of 2021 of AS Trigon Property Development is EUR 398,411 and earnings per share is EUR 0.08855.

As of September 30, 2021, the assets of AS Trigon Property Development amounted to 2,890,408 euros. The company’s equity amounted to 2,889,764 euros, corresponding to 99.98% of the balance sheet total.

Condensed statement of financial position

EUR30.09.202131.12.2020
Cash1,488,952146,890
Receivables and down payments43 189789
Total current assets1,532,141147,679
Investment property1,358,2672,350,000
Total non-current assets1,358,2672,350,000
TOTAL ASSETS2,890,4082 497 679
Debts and deposits6446,325
Total current liabilities6446,325
Total responsibilities6446,325
Share capital at book value2,299,0202,299,020
Sharing bonus226,056226,056
Statutory reserve capital287,542287,542
Retained earnings / loss77 146-321,264
Total equity2 889 7642,491,354
TOTAL LIABILITIES AND EQUITY2,890,4082 497 679

Condensed statement of comprehensive income

EUR9M 20219M 2020
Gain on sale of investment property464,0404,405
Expenses related to investment property-5,983-8,409
Gross profit / loss458,057-4,004
Administrative and general costs-59 831-11 758
Other exploitation products1000
Operating profit / loss398,326-15 762
Net financial income86ten
NET PROFIT / LOSS FOR THE PERIOD398 411-15,752
TOTAL OVERALL PROFIT / LOSS398 411-15,752

Tomingas hike

Member of the Management Board

+372 667 9200


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