Published: 2021-05-20 12:56:45 CEST
Mainor Ülemiste
Annual report

Mainor Ülemiste AS Audited Consolidated Annual Report 2020

The Audited Consolidated Annual Report of 2020 were approved on 19 May 2021 by the Annual General Meeting Of Shareholders Of Mainor Ülemiste AS.

In 2020, the company was mainly engaged in the construction of new buildings, renovation of existing buildings, renting new and renovated premises and with the preparation of new real estate projects. Mainor Ülemiste AS consolidated turnover in 2020 amounted to 11,257 thousand euros (2019: 10,564 thousand euros), other operating income amounted to 1,039 thousand euros (2019: 947 thousand euros) and net income amounted to 9,394 thousand euros (2019: 12,102 thousand euros). As of the end of the financial year the total equity of the company was 117,752 thousand euros.

In 2020, a total of 12,934 thousand euros was invested into the construction of buildings and improvement of equipment. The amount of received loans during 2020 was in total 51,071 thousand euros and loan repaiments reached 42,553 thousand euros.

The  fair value of real estate investments of Mainor Ülemiste AS as of the end of the year was 151,700 thousand euros and it has increased compared to the previous year by 13,920 thousand euros.

The Audited Consolidated Annual Report for 2020 of Mainor Ülemiste AS is available on the Nasdaq Tallinn web page.


Ursel Velve

Chairman of the Management Board

Phone: +372 507 9781

         Mainor Ülemiste AS
         Valukoja 8/1
         11415 Tallinn, Estonia
         Phone: +372 5304 6992

Mainor Ulemiste AS Audited Consolidated Annual Report 2020.pdf