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3I0-012 | ACI Dealing Certificate
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| 500-052 | 1Z0-443 | 1Z0-347 | MA0-103 | JN0-1100 | HPE2-Z38 | E20-526 | CS0-001 | 9A0-381 | 7750X | 7304 | 70-742 | 1Z0-404 | 156-730 | MB2-716 | HPE2-W01 | HPE2-E68 | HPE2-E67 | 9A0-395 | 9A0-393 | 70-741 | 210-255 | 1Z0-337 | 1Z0-330 | NSE8 | HPE2-T22 | FSDEV | C9520-403 | C9510-669 | C2150-463 | C2090-621 | C2090-600 | 7230X | 7220X | 7130X | 70-740 | 202-400 | 201-400 | 1Z0-160 | P5050-031 | OMG-OCRES-A300 | NSE6 | MA0-104 | JN0-661 | JN0-346 | JN0-1330 | E20-624 | E20-562 | CPIM-BSP | C9520-929 | C9520-928 | C9520-923 | C9520-911 | C9510-819 | C9050-549 | C9050-548 | C9050-042 | C9010-262 | C2090-136 | C2010-555 | 9A0-409 | 70-765 | 500-210 | 500-205 | 210-250 | 1Z0-453 | PEGACSA72V1 | M2150-756 | JN0-1300 | HPE2-T30 | C9560-574 | C9560-568 | C9560-507 | C9560-505 | C9560-503 | C9550-605 | C9520-423 | C9010-250 | C8060-220 | C5050-287 | ASVAB | 7893X | 70-762 | 70-761 | 70-743 | 70-339 | 600-455 | 3C00120A | 1Z0-479 | 1Z0-066 | TM12 | TA12 | PR000007 | P9510-020 | P9050-005 | 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C7010-010 | C2180-279 | C2180-183 | C2150-200 | C2140-820 | A2040-951 | A2010-652 | A2010-572 | 499-01 | Wonderlic | 250-412 | 250-411 | 250-410 | 250-405 | 250-272 | 250-254 | PEGACDA71V1 | ACE | 1Z0-448 | 1Z0-435 | 1Z0-400 | 1Z0-028 | 77-420 | 70-345 | NCLEX | NBRC | CNS | 304-200 | PCM | P8010-003 | P2170-749 | P2170-037 | P2170-036 | P2090-054 | P2080-088 | P2080-034 | P2065-749 | P2060-017 | P2060-002 | P2050-007 | P2050-005 | P2050-004 | P2050-003 | M9510-747 | M8060-729 | M8010-242 | M6040-427 | M5050-716 | M2150-810 | M2150-753 | M2150-728 | M2090-732 | M2090-626 | M2090-615 | M2080-713 | M2080-241 | M2065-659 | M2065-647 | M2050-655 | M2050-242 | M2040-724 | M2040-641 | M2035-725 | M2010-649 | M2010-616 | C9560-658 | C9560-023 | C9550-273 | C9530-404 | C9520-427 | C9510-401 | C9510-317 | C9060-509 | C9030-634 | C9030-633 | C9020-971 | C9020-970 | C9020-461 | C9010-252 | C9010-022 | C8010-726 | C8010-725 | C8010-241 | C8010-240 | C5050-285 | C5050-284 | C5050-280 | C2180-410 | 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GlobeNewswireUPP Olaines OÜ Audited Annual record 2020 (in English)
With its 30.04.2021 announcement, UPP Olaines OÜ forwarded the audited consolidated annual file for 2020, attested with the 30.04.2021 resolution through Member of the Board Marko Tali. It become mentioned within the announcement that the audited English edition is in translation and it can be forwarded to the exchange latest by means of 04.05.2021. With the latest announcement we are releasing the UPP Olaines OÜ audited consolidated 2020 annual document in English. management report common suggestions UPP Olaines OÜ (hereinafter the enterprise and collectively with its subsidiaries the group) become dependent for the aim of the financing, acquisition and administration of the funding property Olaines Logistics Park (constructions and registered immovable). Olaines Logistics Park is found in Šarlote, Olaines County, Olaines Municipality, Latvia, cadastral reference 8080 003 0029, registered in the Olaine Land Cadastre beneath number 5439. The business turned into dependent on 24 August 2017 and it had no financial activities except 15 December 2017, when the bloodless storage facility of Olaines Logistics Park turned into bought. The commercial actions of the business aren't plagued by seasonal elements. The industrial actions of the company have no social or environmental impact. The company became dependent solely for the goal of the financing, acquisition and administration of Olaines Logistics Park; hence, no strategic alterations within the business activities of the company had been planned. The administration does not have any suggestions concerning trends, uncertainties, claims, tasks or events which are more likely to have a big affect on the prospects of the business within the duration following the reporting duration backyard the ordinary industrial actions of the business. The constitution of UPP Olaines OÜ neighborhood as at 31 December 2020 is as follows: Bonds of UPP Olaines OÜ have been listed on the leading checklist of the Nasdaq Tallinn stock exchange seeing that 29 November 2018. UPP Olaines OÜ is a going concern. have an effect on of COVID-19 on the economic actions of the community Coronavirus, which started spreading all over the place the realm firstly of the financial yr and brought about a global recession in March 2020, also reached the Baltic States, which resulted in the closure of borders to international nationals and of faculties, and panic buying of comfort goods. The scope of the consequences of the recession led to through the pandemic is unclear, but there is no doubt that they can be serious. The viral outbreak has had no direct affect on the economic activities of the neighborhood. The virus has had an have an impact on on the economic actions of organizations that hire property to a point, which may also have an oblique impact on the community’s performance outcomes. The most suitable estimate of the administration board is that if the viral outbreak and the ensuing recession don't irritate vastly, the affect of those circumstances on the community’s efficiency outcomes could be moderate due to the area of activities of the groups that hire property from the community. management file the total usual administrative fees of the reporting duration were 151,122 (2019: seventy one,123) euros, which make up 5.74% (2019: 2.seventy five%) of internet rent salary. As of 31 December 2020, the community’s total belongings comprised 32,121,185 (31 December 2019: 31,675,413) euros, incl. the investment property at fair value, which comprised 97.5% (31 December 2019: 97.6%) of property. The net debt of the group was 23,803,960 (31 December 2019: 24,982,851) euros. The net debt turned into calculated as follows: money and money equivalents were subtracted from the community’s total personal loan and the subordinated mortgage bought from the mother or father business, United companions Property OÜ, changed into then subtracted from the result. No significant activities aside from normal operating activities, including the timely receipt of employ and utility charges, took place from 1 January 2020 to 31 December 2020. financial overview of the 12 months The group’s net hire profits in 2020 was 2,633,558 (2019: 2,589,379) euros. The increase in the net rent stream within the economic year in evaluation with different economic years become brought about by way of indexation and more efficient business activities. The community’s working earnings for the financial 12 months become 2,916,384 (2019: 2,649,256) euros. The increase in working earnings in evaluation with other monetary years became led to by an absence of miraculous, one-off prices in 2020, and the profits from the increase in the value of investment property became vastly higher than within the reference duration. The internet profit for the financial 12 months was 1,735,650 (2019: 1,399,103) euros. The enhance in the web income changed into partially led to via the aforementioned explanations; moreover, all over the economic 12 months, the group earned more profits from interest cost swaps than within the previous length. The features of an impartial attested assessor are used to assess the fair price of investment property, and profit from the revaluation of property within the quantity of 346,688 euros changed into therefore regarded all the way through the financial yr (2019: 147,000 euros). There are not any vacancies on the funding property as of the reporting date. pursuits after the reporting date Amendments to the company’s leases On 15 January 2021, the hire entered into with Plesko actual estate SIA become terminated. This company leased a complete of 1573 m2 of storage and administrative house in Olaines Logistics Park. On 15 March 2021, the hire entered into with Premier eating places Latvija SIA turned into terminated. This enterprise leased a total of 2382 m2 of storage and administrative area in Olaines Logistics Park. On 18 January 2021, Olaines Logistics SIA entered into a 5-yr rent with the enterprise NNL LV SIA. NNL LV SIA leased a complete of 2663 m2 of storage and administrative area. This company offers 3PL features to well known businesses in the Baltic States, together with Premia and Maxima. On 16 April 2021, the lease entered into with Girtekos Logistika SIA changed into supplemented to provide them with an additional 1177 m2 of storage and administrative house. These amendments to leases do not need a significant have an impact on on the group’s rent revenue in 2021 except for the primary quarter of 2021, during which the leased house turned into transferred and acquired. trade within the structure of the logistics investments of United companions community OÜ In March 2021, United partners neighborhood OÜ changed into internally restructured into a logistics investment group. The direct mum or dad company of the business had in the past been United partners Property OÜ, which blanketed the housing building investments of United partners community OÜ. The logistics investments of United companions community OÜ, incl. the enterprise, now belong to UPP Logistics residences OÜ, a management business completely owned by United companions Property OÜ. The purpose of restructuring turned into to create separate administrative instruments for the logistics property and housing property investments of United companions neighborhood OÜ. Key monetary reporting indications of the financial yr (euros)20202019Net lease income2,633,5582,589,379Operating profit2,916,3842,649,256Profit for period1,735,6501,399,103 (euros) 31.12.2020 31.12.2019Investment property31,320,00030,909,000Interest-bearing loans27,428,63328,492,625Interest-bearing loans aside from owner’s loan24,480,33325,544,325 (euros)20202019Net earnings margin, % (internet profit/web rent revenue)sixty five.9%54.0percentROA, % (web earnings/typical property)5.44percentfour.fourp.cROE, % (net income/normal fairness)fifty four.9p.c59.1percentLiquidity ratio, times ((current property-components)/present liabilities))0.450.41DSCR (operating income/foremost repayments and pastime payments of hobby-bearing loans, excl. principal and interest payments of owner’s mortgage)1.31.3 Compliance with bond guidelines Pursuant to clauses three.5.three and 3.5.4 of the bond rules of UPP Olaines OÜ, the administration represents and warrants that the DSCR of UPP Olaines OÜ from 1 January 2020 to 31 December 2020 is greater than or equal to 1.1 and that no early redemption hobbies have came about from 1 January 2020 to 31 December 2020. management board, supervisory board and audit committee The management board of UPP Olaines OÜ has one member: Marko Tali, Chairman of the management Board. The supervisory board of UPP Olaines OÜ has three participants: Mart Tooming, Tarmo Rooteman and Hallar Loogma. No remuneration or different advantages are provided to the individuals of the management or supervisory boards of the community’s mum or dad company. although, remuneration has been calculated for the member of the subsidiary’s administration board. This amounted to 4466 euros with taxes within the reporting period and to 5340 euros within the previous financial 12 months. aside from the administration board and the supervisory board, the community has no employees. UPP Olaines OÜ has shaped an audit committee, which has three contributors. /digitally signed/ Marko Tali Chairman of the management Board of UPP Olaines OÜ 30 April 2021, Tallinn CONSOLIDATED fiscal STATEMENTS OF UPP OLAINES OÜ Consolidated remark of finished earnings (euros)Note20202019Net rent income62,633,5582,589,379Net lease profits 2,633,5582,589,379 popular administrative expenses7 (151,122)(seventy one,123)earnings/(loss) from revaluation of investment properties12364,688 147,000Other revenue/charges 69,260(16,000)working profit 2,916,3842,649,256 economic profits and expenses8 (1,180,734)(1,250,103)earnings earlier than tax 1,735,650 1,399,153Income tax9 0 (50)earnings for monetary yr 1,735,650 1,399,103 complete income for period below assessment 1,735,650 1,399,103 Consolidated remark of economic position (euros)Note31.12.202031.12.2019Cash and money equivalents10676,373561,474Trade receivables and other receivables11124,812204,939Total present belongings 801,185766,413 investment property1231,320,00030,909,000Total fixed assets 31,320,00030,909,000TOTAL belongings 32,121,18531,675,413 trade collectors and different payables13369,491358,762Derivatives16363,979455,204Loans payable151,064,0041,064,000Current liabilities 1,797,4741,877,966 Loans payable1526,364,62927,428,625Total long-term liabilities 26,364,62927,428,625TOTAL LIABILITIES 28,162,10329,306,591 Share capital1425002500Retained salary 2,220,932967,219Profit (loss) for monetary year 1,735,6501,399,103TOTAL equity 3,959,0822,368,822 complete LIABILITIES AND equity 32,121,18531,675,413 counsel: Siim Sild Managing Director +372 5626 0107 firstname.lastname@example.org UNITED partners Attachment UPPO 2020 MAA (ENG) 30.04.2021
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