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

59.0%

loan to value

5.4%

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 assets3 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 liabilities61 484 941
Accruals (liabilities) 617 899 244
Total current liabilities 1 309 749 577
Total liabilities2 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 income91 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 income4 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