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 fourteen bond redemptions have taken place in total amount of 14,3
million kroons (0.9 million EUR). Detailed information about outstanding bonds
and finance lease receivables is available in the I half-year interim report for
the period ended on 30 June 2009.
More detailed information about financial results is disclosed in the I
half-year interim report for the period ended on 30 June 2009.
Balance sheet
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| | | EEK | EEK | | EUR | EUR |
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| | | 30.06. | 31.12.20 | | 30.06.2 | 31.12.20 |
| | | 2009 | 08 | | 009 | 08 |
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| Assets | | | | | | |
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| Cash and bank | | 93 636 | 116 511 | | 5 984 | 7 446 |
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| Finance lease | | 4 176 | 4 | | 266 898 | 271 361 |
| receivables | | 052 | 245 873 | | | |
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| Other receivables | | 37 007 | 31 090 | | 2 365 | 1 987 |
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| Total assets | | 4 | 4 | | 275 248 | 280 794 |
| | | 306 69 | 393 474 | | | |
| | | 5 | | | | |
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| Liabilities | | | | | | |
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| Supplier payables | | 0 | 8 949 | | 0 | 572 |
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| Issued Bonds | | 4 | 4 | | 272 691 | 277 497 |
| | | 266 69 | 341 887 | | | |
| | | 5 | | | | |
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| Total liabilities | | 4 | 4 | | 272 691 | 278 069 |
| | | 266 69 | 350 836 | | | |
| | | 5 | | | | |
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| Equity | | | | | | |
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| Share capital | | 40 000 | 40 000 | | 2 556 | 2 556 |
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| Statutory reserve | | 0 | 2 638 | | 0 | 169 |
| capital | | | | | | |
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| Retained earnings | | 2 638 | 0 | | 169 | 0 |
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| Net profit/loss for | | -2 638 | 0 | | -169 | 0 |
| financial year | | | | | | |
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| Total equity | | 40 000 | 42 638 | | 2 556 | 2 725 |
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| Total liabilities and | | 4 306 | 4 | | 275 248 | 280 794 |
| equity | | 695 | 393 474 | | | |
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Income statement
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| | | EEK | EEK | | EUR | EUR |
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| | | 6 | 6 months | | 6 | 6 months |
| | | months | | | months | |
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| | | 2009 | 2008 | | 2009 | 2008 |
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| Interest income from | | 131 | 136 187 | | 8 414 | 8 704 |
| the finance lease | | 644 | | | | |
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| Interest expense from | | -122 | -127 163 | | -7 859 | -8 127 |
| bonds | | 959 | | | | |
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| Net interest income | | 8 685 | 9 024 | | 555 | 577 |
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| Other financial income | | 81 728 | 70 130 | | 5 223 | 4 482 |
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| Operating expenses | | -93 | -79 200 | | -5 951 | -5 062 |
| | | 109 | | | | |
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| Other financial income | | 58 | 46 | | 4 | 3 |
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| Net profit / loss for | | -2 638 | 0 | | -169 | 0 |
| financial year | | | | | | |
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| Average number of | | 1 | 1 | | 1 | 1 |
| issued shares | | | | | | |
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| Basic and diluted | | -2 638 | 0 | | -169 | 0 |
| earnings per share | | | | | | |
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Paying agent:
AS LHV Pank
Kerli Lõhmus
CFO
Tel: +372 6800 425
