FINANCIAL RESULTS LHV Ilmarise Kinnisvaraportfelli OÜ started its activities in 2005 when it took over property finance lease portfolio from OÜ Ilmarise Kvartal and carried out a placement of bonds backed with those finance lease agreements. Bonds issued amounted to 18.5 million kroons (1.2 million EUR) with maturity up to 2029. Underlying property is mainly situated in Tallinn Ilmarise District. As at today ten bond redemptions have taken place in total amount of 14,1 million kroons (0.9 million EUR). Detailed information about outstanding bonds and finance lease receivables is available in the interim financial statements for the period ended on 30 June 2007. More detailed information about financial results is disclosed in the interim financial report for the period ended on 30 June 2007. Balance sheet -------------------------------------------------------------------------------- | | | EEK | EEK | | EUR | EUR | -------------------------------------------------------------------------------- | | | 30.06.20 | 31.12.200 | | 30.06.2 | 31.12.200 | | | | 07 | 6 | | 007 | 6 | -------------------------------------------------------------------------------- | Assets | | | | | | | -------------------------------------------------------------------------------- | Cash and bank | | 153 685 | 1 885 341 | | 9 822 | 120 495 | -------------------------------------------------------------------------------- | Finance lease | | 4 470 | 4 581 643 | | 285 710 | 292 820 | | receivables | | 392 | | | | | -------------------------------------------------------------------------------- | Other receivables | | 45 036 | 0 | | 2 879 | 0 | -------------------------------------------------------------------------------- | Total assets | | 4 669 | 6 466 984 | | 298 411 | 413 315 | | | | 113 | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Liabilities | | | | | | | -------------------------------------------------------------------------------- | Issued Bonds | | 4 626 | 6 426 196 | | 295 686 | 410 709 | | | | 475 | | | | | -------------------------------------------------------------------------------- | Total liabilities | | 4 626 | 6 426 196 | | 295 686 | 410 709 | | | | 475 | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity | | | | | | | -------------------------------------------------------------------------------- | Share capital | | 40 000 | 40 000 | | 2 556 | 2 556 | -------------------------------------------------------------------------------- | Statutory reserve | | 2 638 | 2 638 | | 169 | 169 | | capital | | | | | | | -------------------------------------------------------------------------------- | Retained earnings | | -1 849 | 50 121 | | -118 | 3 203 | -------------------------------------------------------------------------------- | Net profit/loss | | 1 849 | -51 971 | | 118 | -3 322 | | for financial | | | | | | | | year | | | | | | | -------------------------------------------------------------------------------- | Total equity | | 42 638 | 40 788 | | 2 725 | 5 928 | -------------------------------------------------------------------------------- | Total liabilities | | 4 669 | 6 466 984 | | 298 411 | 413 315 | | and equity | | 113 | | | | | -------------------------------------------------------------------------------- Income statement -------------------------------------------------------------------------------- | | | EEK | EEK | | EUR | EUR | -------------------------------------------------------------------------------- | | | 6 | 6 months | | 6 | 6 months | | | | months | | | months | | -------------------------------------------------------------------------------- | | | 2007 | 2006 | | 2007 | 2006 | -------------------------------------------------------------------------------- | Interest income from | | 141 | 268 690 | | 9 069 | 17 172 | | the finance lease | | 894 | | | | | -------------------------------------------------------------------------------- | Interest expense from | | -138 | -288 989 | | -8 841 | -18 470 | | bonds | | 339 | | | | | -------------------------------------------------------------------------------- | Net interest income | | 3 555 | -20 299 | | 228 | -1 298 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating expenses | | -61 | -81 716 | | -3 944 | -5 222 | | | | 705 | | | | | -------------------------------------------------------------------------------- | Other financial income | | 60 000 | 15 | | 3 835 | 1 | -------------------------------------------------------------------------------- | Net profit / loss for | | 1 850 | -102 000 | | 119 | -6 519 | | financial year | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Average number of | | 1 | 1 | | 1 | 1 | | issued shares | | | | | | | -------------------------------------------------------------------------------- | Basic and diluted | | 1 850 | -102 000 | | 119 | -6 519 | | earnings per share | | | | | | | -------------------------------------------------------------------------------- Paying agent and parent company: AS Lõhmus, Haavel & Viisemann Kerli Lõhmus Chief Accountant Tel: +372 6800 425
LHV Ilmarise Kinnisvaraportfelli OÜ, interim financial report for the period ended on 30 June 2007.
| Quelle: LHV Ilmarise Kinnisvaraportfelli OÜ
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