Construction, Estonia, Real Estate

The most significant cost item was the legal expenses related to the "land swap" criminal case; these expenses constitute 46% of the general administrative costs of the company in 6 months of 2010. The claim against construction company Merko Ehitus constitutes 209 million kroons of the assets, as the company's representatives state.

Last land swap spring session proceeding at the Harju County Court took place on June 2, 2010. Next session is planned on September 28 current year.

As at June 30, 2010, the sole member of AS Järvevana's Management Board is Toomas Annus. The company's operation does not have a seasonal and cyclic nature.

On April 3, 2009, the Public Prosecutor's Office submitted a statement of charges against Järvevana and Toomas Annus in criminal case concerning the land swap.

The trial over the land swap charges started on November 12, 2009, at the Harju County Court. In the statement of charges, Järvevana has been accused of five cases of bribery. The proceedings are conducted at the Harju County Court.

The company does not have ordinary economic activities and the only objective of its activities is to protect the interests of the company and shareholders in the long-lasting criminal proceedings related to the land swap.