Investments, Lithuania, Real Estate

The financial statements cover the interim financial period of the company, starting from the company's establishment date 29 April 2014 and ending on 30 September 2014, therefore there are no comparative data.

INVL Baltic Real Estate, the company investing into real estate, consolidated equity was equal to LTL 49.774 million (EUR 14.42 million) or LTL 7.07 (EUR 2.05) per share at the end of the nine months of 2014.

INVL Baltic Real Estate started its activity in the end of April 2014 after a separation from Invalda LT, one of the major companies in Lithuania investing in other businesses and managing assets. Due to this fact, income and profit announced represent only five months of activity. The rental income amounts to LTL 6.068 million (EUR 1.76 million) and the net profit is LTL 476,000 (EUR 138,000).

The largest subsidiary company of INVL Baltic Real Estate, Invaldos Nekilnojamojo Turto Fondas, AB signed a loan agreement with Siauliu Bankas regarding LTL 53 million (EUR 15.35 million) loan at the end of the third quarter of 2014.