LHV Ilmarise Kinnisvaraportfelli OÜ
FINANCIAL RESULTS

LHV Ilmarise Kinnisvaraportfelli OÜ / 

26.03.2010 15:05

Dissemination of a Corporate News, transmitted by
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The issuer / publisher is solely responsible for the content of this announcement.

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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 financial results, 
outstanding bonds and finance lease receivables is available in the annual      
report for the period ended on 31 December 2009.                                

Balance sheet                                                                   
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|                        |      |    EEK |      EEK |    |      EUR |      EUR |
--------------------------------------------------------------------------------
|                        |      | 31.12. | 31.12.20 |    | 31.12.20 | 31.12.20 |
|                        |      |   2009 |       08 |    |       09 |       08 |
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| Assets                 |      |        |          |    |          |          |
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| Cash and bank          |      |    105 |  116 511 |    |    6 739 |    7 446 |
|                        |      |    442 |          |    |          |          |
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| Finance lease          |      |  4 117 |        4 |    |  263 186 |  271 361 |
| receivables            |      |    969 |  245 873 |    |          |          |
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| Other receivables      |      | 15 376 |   31 090 |    |      983 |    1 987 |
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| Total assets           |      |      4 |        4 |    |  270 908 |  280 794 |
|                        |      | 238 78 |  393 474 |    |          |          |
|                        |      |      7 |          |    |          |          |
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--------------------------------------------------------------------------------
| Liabilities            |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Deferred income        |      |  9 131 |    8 949 |    |      584 |      572 |
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| Bonds issued           |      |  4 189 |        4 |    |  267 768 |  277 497 |
|                        |      |    656 |  341 887 |    |          |          |
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| Total liabilities      |      |  4 198 |        4 |    |  268 352 |  278 069 |
|                        |      |    787 |  350 836 |    |          |          |
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| Equity                 |      |        |          |    |          |          |
--------------------------------------------------------------------------------
| Share capital          |      | 40 000 |   40 000 |    |    2 556 |    2 556 |
--------------------------------------------------------------------------------
| Reserve capital        |      |      0 |    2 638 |    |        0 |      169 |
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| Retained earnings      |      |  2 638 |        0 |    |      169 |        0 |
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| Loss for financial     |      | -2 638 |        0 |    |     -169 |        0 |
| year                   |      |        |          |    |          |          |
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| Total equity           |      | 40 000 |   42 638 |    |    2 556 |    2 725 |
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| Total liabilities and  |      |  4 238 |        4 |    |  270 908 |  280 794 |
| equity                 |      |    787 |  393 474 |    |          |          |
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Comprehensive income statement                                                  
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|                      |   |       EEK |      EEK |     |      EUR |       EUR |
--------------------------------------------------------------------------------
|                      |   |      2009 |     2008 |     |     2009 |      2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest income from |   |   260 909 |  270 138 |     |   16 675 |    17 265 |
| the finance lease    |   |           |          |     |          |           |
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| Interest expense on  |   |  -244 000 | -252 523 |     |  -15 594 |   -16 139 |
| bonds                |   |           |          |     |          |           |
--------------------------------------------------------------------------------
| Net interest income  |   |    16 909 |   17 615 |     |    1 081 |     1 126 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other operating      |   |    97 683 |   94 335 |     |    6 243 |     6 029 |
| income               |   |           |          |     |          |           |
--------------------------------------------------------------------------------
| Operating expenses   |   |  -117 327 | -113 442 |     |   -7 499 |    -7 250 |
--------------------------------------------------------------------------------
| Financial income and |   |        97 |    1 492 |     |        6 |        95 |
| expenses             |   |           |          |     |          |           |
--------------------------------------------------------------------------------
| Total loss for       |   |    -2 638 |        0 |     |     -169 |        0  |
| financial year       |   |           |          |     |          |           |
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| Comprehensive loss   |   |    -2 638 |        0 |     |     -169 |         0 |
| for the year         |   |           |          |     |          |           |
--------------------------------------------------------------------------------
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| Average number of    |   |         1 |        1 |     |        1 |         1 |
| issued shares        |   |           |          |     |          |           |
--------------------------------------------------------------------------------
| Basic and diluted    |   |  -2 638   |        0 |     |     -169 |         0 |
| earnings per share   |   |           |          |     |          |           |
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Payments agent:                                                                 
AS LHV Pank                                                                     
Kerli Lõhmus                                                                    
CFO                                                                             
Tel: +372 6800 425

News Source: NASDAQ OMX



26.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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