PKG1T Pro Kapital Grupp

Audited annual report 2021 of AS Pro Kapital Grupp

Audited annual report 2021 of AS Pro Kapital Grupp

The Supervisory Board of AS Pro Kapital Grupp has approved the company's audited annual report for 2021. Compared to the unaudited interim report published on 28 February, there are no differences in the financial statements regarding the financial results, but adjustments have been made to the income statement and corresponding cash flow items due to the adjustments related to derecognition of the bankrupt subsidiary. The effect of the derecognition of the subsidiary was a total profit of 27.747 million euros. The audited annual report shows the following changes compared to the interim report:

  •  finance income decreased by EUR 53.807 million;
  •  finance expenses decreased by EUR 26.060 million;
  •  Other operating income increased by EUR 27.747 million.

The result of discontinued operations was incorrectly reported to be higher by 1.142 million. The audited annual report shows the following changes compared to the interim report:

  • finance expenses increased by 1.142 million;
  • loss from discontinued operations decreased by 1.142 million.

In 2021, the turnover of the Group's continuing operations was 43.1 million euros, which increased by 29.5 million euros compared to the previous period. The company's turnover from the sale of real estate depends on the time of completion of the housing developments, as the sales revenue is recognized at the moment when a notarial sales contract is entered into and the premises are handed over to the buyer. In 2021, the increase in sales revenue was primarily affected by the completion of the development of Ratsuri Houses and the completion of the first buildings in Kalaranna Kvartal in Tallinn. The gross profit of the Group's continuing operations was 10.6 million euros, increasing by 6.4 million euros. The Group's operating profit from continuing operations was 39.8 million euros, which was significantly affected by the effect of derecognition of the subsidiary. The net profit for the period was 29.8 million euros.

AS Pro Kapital Grupp consolidated annual report 2021 is attached to the announcement and will be made available on the company's website

Angelika Annus

CFO

AS Pro Kapital Grupp

Phone:

Attachments



EN
21/05/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Pro Kapital Grupp

 PRESS RELEASE

Decisions of the Annual General Meeting of AS Pro Kapital Grupp shareh...

Decisions of the Annual General Meeting of AS Pro Kapital Grupp shareholders The annual shareholders meeting (hereinafter referred to as the Meeting) of AS Pro Kapital Grupp (hereinafter referred to as the Company) took place on Tuesday, 21st of June, 2022 starting at 13.00 at Sokos Hotel Viru, room Andante, at Viru väljak 4, 10111 Tallinn, Estonia. As per the registration list of the meeting in total 43 516 226 votes were represented, which forms 76,76% of all votes attached to the shares. The agenda and decisions adopted at the Meeting were as follows: Election of the Chairman and Secre...

 PRESS RELEASE

AS Pro Kapital Grupp aktsionäride korralise üldkoosoleku otsused

AS Pro Kapital Grupp aktsionäride korralise üldkoosoleku otsused AS Pro Kapital Grupp (edaspidi nimetatud kui Ühing) aktsionäride korraline üldkoosolek (edaspidi nimetatud kui Koosolek) toimus teisipäeval, 21.06.2022.a. algusega kell 13.00 Sokos Hotel Viru ruumis Andante, Viru väljak 4, 10111 Tallinn. Koosoleku osalejate nimekirja kohaselt oli Koosolekul esindatud 43 516 226 häält, mis moodustab kokku 76,76% aktsiatega määratud häältest. Koosoleku päevakord ja vastuvõetud otsused: Üldkoosoleku juhataja ja protokollija valimine Vastuvõetud otsus: Aktsionäride korralise üldkoosoleku juhat...

 PRESS RELEASE

Decisions of the Annual General Meeting of AS Pro Kapital Grupp shareh...

Decisions of the Annual General Meeting of AS Pro Kapital Grupp shareholders The annual shareholders meeting (hereinafter referred to as the Meeting) of AS Pro Kapital Grupp (hereinafter referred to as the Company) took place on Tuesday, 21st of June, 2022 starting at 13.00 at Sokos Hotel Viru, room Andante, at Viru väljak 4, 10111 Tallinn, Estonia. As per the registration list of the meeting in total 43 516 226 votes were represented, which forms 76,76% of all votes attached to the shares. The agenda and decisions adopted at the Meeting were as follows: Election of the Chairman and S...

 PRESS RELEASE

Changes in Management Board of AS Pro Kapital Grupp

Changes in Management Board of AS Pro Kapital Grupp AS Pro Kapital Grupp announces that Angelika Annus is resigning from the Management Board of the company due to personal reasons, effective from 1 June 2022. Angelika Annus will remain as CFO of the group, but takes a sabbatical for 6 months starting from 1 July 2022. During 6 months period the tasks of CFO will be performed by Financial Controller Ann-Kristin Kuusik and Group Chief Accountant Eve Kallast. Starting from 1 June 2022 the Management Board of AS Pro Kapital Grupp consists of one member – Edoardo Axel Preatoni.   ...

 PRESS RELEASE

Muudatus AS-i Pro Kapital Grupp juhatuse koosseisus

Muudatus AS-i Pro Kapital Grupp juhatuse koosseisus AS Pro Kapital Grupp annab teada, et 1. juunil 2022 astus Angelika Annus tagasi juhatuse liikme kohalt isiklikel põhjustel. Angelika Annus jätkab kontserni finantsjuhina, kuid võtab 6-kuulise tööpausi (sabbatical) alates 1. juulist 2022. Finantsjuhi funktsioone täidavad tööpausi ajal finantskontroller Ann-Kristin Kuusik ja kontserni pearaamatupidaja Eve Kallast.   1. juunist 2022 koosneb AS-i Pro Kapital Grupp juhatus ühest liikmest, kelleks on Edoardo Axel Preatoni.   Angelika AnnusFinantsjuht

ResearchPool Subscriptions

Get the most out of your insights

Get in touch