Ekonomic indicators
The past year in the Trikaya group was marked by great successes, but also unpleasant surprises. We managed to complete residential projects with sales of over CZK 800 million. We did not postpone our plans for shopping centre renovations under the influence of the pandemic, despite the difficult conditions for new leases, and it turns out that this decision has moved us forward. In May 2020 we started work on OC Futurum and in September 2020 on OC Řepy. Due to the planned renovations, the pandemic did not affect us as much as other shopping centres, because we and our tenants had counted on the closure. In the autumn of 2020, we obtained a zoning permit for the third phase of the Ponavia Rezidence project with a total of 70 residential units and we would like to start construction in the summer of 2021.
The past year in the Trikaya group was marked by great successes, but also unpleasant surprises. We managed to complete residential projects with sales of over CZK 800 million. We did not postpone our plans for shopping centre renovations under the influence of the pandemic, despite the difficult conditions for new leases, and it turns out that this decision has moved us forward. In May 2020 we started work on OC Futurum and in September 2020 on OC Řepy. Due to the planned renovations, the pandemic did not affect us as much as other shopping centres, because we and our tenants had counted on the closure. In the autumn of 2020, we obtained a zoning permit for the third phase of the Ponavia Rezidence project with a total of 70 residential units and we would like to start construction in the summer of 2021.
74,1 M CZK
net operating income
from investment properties
5,4 %
gross yield from investment properties
loan to value
gross yield from investment properties
* data to 30.6.2020
Balance sheet
| as of 30th June 2020 CZK | ||
| Intangible assets | 705 940 | |
| Goodwill | 3 628 340 | |
| Investment property | 1 376 042 701 | |
| Property, plant and equipment | 556 592 125 | |
| Projects under development | 1 074 763 685 | |
| Shares | 1 190 283 | |
| Total non-current assets | 3 012 923 073 | |
| Inventories | 452 465 | |
| Trade receivables | 9 618 421 | |
| Tax receivables | 39 647 654 | |
| Other short-term receivables | 41 387 040 | |
| Cash and cash equivalents | 124 337 260 | |
| Accruals (assets) | 477 935 | |
| Total current assets | 179 159 252 | |
| Total assets | 3 192 082 325 |
| as of 30th June 2020 CZK | ||
| Bonds | 499 000 000 | |
| Senior debts | 646 648 277 | |
| Other long-term liabilities | 91 396 957 | |
| Long-term deposits | 13 675 859 | |
| Deferred tax | 151 740 026 | |
| Total non-current liabilities | 1 402 461 120 | |
| Bonds | 477 071 536 | |
| Senior debts | 9 658 488 | |
| Trade liabilities | 143 967 786 | |
| Tax liabilities | -332 418 | |
| Other short-term liabilities | 61 484 941 | |
| Accruals (liabilities) | 617 899 244 | |
| Total current liabilities | 1 309 749 577 | |
| Total liabilities | 2 712 210 696 | |
| Share capital | 2 000 000 | |
| Share premium | 10 214 000 | |
| Other reserves | 2 972 737 | |
| Retained earnings | 349 697 018 | |
| Profit/Loss for the year | 43 935 602 | |
| Non-controlling share capital | 16 900 000 | |
| Non-controlling other reserves | -7 550 | |
| Non-controlling retained earnings | 31 847 620 | |
| Non-controlling profit/loss for the year | 22 312 202 | |
| Total equity | 479 871 628 | |
| Total equity + liabilities | 3 192 082 325 | |
Profit / loss statement
Net operating income from investment properties for the previous period was approximately EUR 74 million. This corresponds to a gross yield of 5.4%. This yield corresponds to the market price level of these types of properties.
| as of 30th June 2020 CZK | ||
| Rental income | 91 673 294 | |
| Service Charge Income | 34 778 039 | |
| Service charges expense | - 21 629 193 | |
| Repairs and Maintenance | - 17 453 893 | |
| Other expenses related to rental income | - 13 237 212 | |
| Net operating income from investment properties | 74 131 034 | |
| Other operating income | 4 189 797 | |
| Other operating expenses (personal, services, ...) | - 33 787 488 | |
| Consulting and Legal Expenses | - 37 032 448 | |
| Net operating costs from property management | - 68 335 743 | |
| Depreciations | - 21 233 736 | |
| Changes in goodwill | - 269 901 | |
| Changes in depreciations of goodwill and assets | - 21 503 637 | |
| Revenues from disposals of assets | 3 720 622 | |
| Costs from disposals of assets | - 204 854 | |
| Net income from disposals of assets | 3 515 768 | |
| Net income from revaluation of investment | 252 514 747 | |
| Interest income | 35 068 | |
| Interest cost | - 90 882 311 | |
| Other financial income | 15 432 716 | |
| Other financial cost | - 47 072 862 | |
| Net financial income | - 122 487 389 | |
| Direct property development cost | - 272 067 566 | |
| Capitalization of development costs | 303 582 190 | |
| Net capitalization of development costs | 31 514 624 | |
| Income tax - due | - 1 007 190 | |
| Income tax - deferred | - 82 094 410 | |
| Net profit for the period | 66 247 804 |