Published: 2021-07-20 15:57:37 CEST
Terseta
Interim information

Terseta UNAUDITED RESULTS FOR H1, 2021

Vilnius, Lithuania, 2021-07-20 15:57 CEST -- Revenues of the company (including fines and penalties) were equal to 67,935 EUR during H1, 2021. Asset owned by the Company - Vilnius Central Post Office building has been reevaluated by UAB "Newsec valuations" - Estimated market value of the Asset on the 30th of April, 2021 was equal to 11,330,000 EUR (increase of 110,000 EUR).  Company's loss before taxation was equal to (407,658) EUR, net loss of the Company was equal to (344,314) EUR on 30th of June 2021.

On 30th of June 2021, current liabilities of the Company exceeded its current assets by EUR 7,898,099. The main part of the Current liabilities now included the issued issue of bonds (maturity date - 10th of June, 2022). The liquidity of the Company will be ensured by cash injections of the sole shareholder.

Company's shareholder structure did not change during H1, 2021. Authorized capital was equal to 1,002,500 EUR on the 30th of June, 2021, number of shares was equal to 1,002,500 units. Equity of the Company was equal to 514,225 EUR on the 30th of June, 2021.

Company's Debt liabilities to investors, including accrued interest, were equal to 8,030,667 EUR, Loan to asset value ratio (LTV) was equal to 70,88%, as of 30th of June 2021, Company complied with all conditions regarding its obligations to bonholders according to the terms of EUR 6.00 LORDS LB BALTIC FUND IV TERSETA NOTES 20-2022 (ISIN code: LT0000404832) issue.

Full unaudited financial statements for a 6 month period, which ended on the 30th of June, 2021 are provided in the attachments of this notice.

         Rytis Zaloga
         CEO
         
         Phone: +370 650 32044
         Email: rytis.zaloga@lordslb.lt


BFIV_Terseta_2021.06.30_EN.pdf