LHV Ilmarise Kinnisvaraportfelli OÜ
FINANCIAL RESULTS

LHV Ilmarise Kinnisvaraportfelli OÜ / 

26.02.2010 13:58

Dissemination of a Adhoc News, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

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 twenty bond redemptions have taken place in total amount of 14,4    
million kroons (0.9 million EUR). Detailed information about outstanding bonds  
and finance lease receivables is available in the II half-year interim report   
for the period ended on 31 December 2009.                                       

More detailed information about financial results is disclosed in the II        
half-year interim report for the period ended on 31 December 2009.              

Balance sheet                                                                   
--------------------------------------------------------------------------------
|                        |      |    EEK |      EEK |    |      EUR |      EUR |
--------------------------------------------------------------------------------
|                        |      | 31.12. | 31.12.20 |    | 31.12.20 | 31.12.20 |
|                        |      |   2009 |       08 |    |       09 |       08 |
--------------------------------------------------------------------------------
| Assets                 |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Cash and bank          |      |    105 |  116 511 |    |    6 739 |    7 446 |
|                        |      |    442 |          |    |          |          |
--------------------------------------------------------------------------------
| Finance lease          |      |  4 117 |        4 |    |  263 186 |  271 361 |
| receivables            |      |    969 |  245 873 |    |          |          |
--------------------------------------------------------------------------------
| Other receivables      |      | 15 376 |   31 090 |    |      983 |    1 987 |
--------------------------------------------------------------------------------
| Total assets           |      |      4 |        4 |    |  270 908 |  280 794 |
|                        |      | 238 78 |  393 474 |    |          |          |
|                        |      |      7 |          |    |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities            |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Supplier payables      |      |  9 131 |    8 949 |    |      584 |      572 |
--------------------------------------------------------------------------------
| Issued Bonds           |      |  4 189 |        4 |    |  267 768 |  277 497 |
|                        |      |    656 |  341 887 |    |          |          |
--------------------------------------------------------------------------------
| Total liabilities      |      |  4 198 |        4 |    |  268 352 |  278 069 |
|                        |      |    787 |  350 836 |    |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity                 |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Share capital          |      | 40 000 |   40 000 |    |    2 556 |    2 556 |
--------------------------------------------------------------------------------
| Statutory reserve      |      |      0 |    2 638 |    |        0 |      169 |
| capital                |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Retained earnings      |      |  2 638 |        0 |    |      169 |        0 |
--------------------------------------------------------------------------------
| Net profit/loss for    |      | -2 638 |        0 |    |     -169 |        0 |
| financial year         |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Total equity           |      | 40 000 |   42 638 |    |    2 556 |    2 725 |
--------------------------------------------------------------------------------
| Total liabilities and  |      |  4 238 |        4 |    |  270 908 |  280 794 |
| equity                 |      |    787 |  393 474 |    |          |          |
--------------------------------------------------------------------------------





Statement of comprehensive income                                               
--------------------------------------------------------------------------------
|                        |   |    EEK |       EEK |     |      EUR |       EUR |
--------------------------------------------------------------------------------
|                        |   |     II |        II |     |       II |        II |
|                        |   | half-y | half-year |     | half-yea | half-year |
|                        |   |    ear |           |     |        r |           |
--------------------------------------------------------------------------------
|                        |   |   2009 |      2008 |     |     2009 |      2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest income from   |   |    129 |   133 951 |     |    8 261 |     8 561 |
| the finance lease      |   |    265 |           |     |          |           |
--------------------------------------------------------------------------------
| Interest expense from  |   |   -121 |  -125 360 |     |   -7 735 |    -8 012 |
| bonds                  |   |    041 |           |     |          |           |
--------------------------------------------------------------------------------
| Net interest income    |   |  8 224 |     8 591 |     |      526 |       549 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other financial income |   | 15 955 |    25 581 |     |     1020 |     1 635 |
--------------------------------------------------------------------------------
| Operating expenses     |   |    -24 |   -34 242 |     |   -1 548 |    -2 188 |
|                        |   |    218 |           |     |          |           |
--------------------------------------------------------------------------------
| Other financial income |   |     39 |        70 |     |        2 |         4 |
--------------------------------------------------------------------------------
| Net profit / loss for  |   |      0 |         0 |     |        0 |         0 |
| financial year         |   |        |           |     |          |           |
--------------------------------------------------------------------------------
| Comprehensive income   |   |        |           |     |          |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Average number of      |   |      1 |         1 |     |        1 |         1 |
| issued shares          |   |        |           |     |          |           |
--------------------------------------------------------------------------------
| Basic and diluted      |   |      0 |         0 |     |        0 |         0 |
| earnings per share     |   |        |           |     |          |           |
--------------------------------------------------------------------------------


Payments agent:                                                                 
AS LHV Pank                                                                     
Kerli Lõhmus                                                                    
CFO                                                                             
Tel: +372 6800 425

News Source: NASDAQ OMX



26.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      LHV Ilmarise Kinnisvaraportfelli OÜ
              
               
              Estonia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         EE3300074806
WKN:          
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------