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Pinetree Capital Announces Audited Financial Results for the Year Ended December 31, 2021 and Appoints Chief Investment Officer
TORONTO, ON / ACCESSWIRE / February 25, 2022 / Pinetree Capital Ltd. (TSX:PNP) ("Pinetree" o...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Announces Audited Financial Results for the Year Ended December 31, 2021 and Appoints Chief Investment OfficerTORONTO, ON / ACCESSWIRE / February 25, 2022 / Pinetree Capital Ltd. (TSX:PNP) (\"Pinetree\" or the \"Company\") today announced its financial results for the year ended December 31, 2021. All figures provided in this press release are in $'000 except per share amounts and shares outstanding.Financial results for the three months and year ended December 31, 2021The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards (\"IFRS\") and our annual Management Discussion and Analysis for the year ended December 31, 2021, which can be found on SEDAR at www.sedar.com .Selected Financial Information As at December 31, 2021 As at December 31, 2020 Total assets $38,851 $19,484 Total liabilities 412 383 Book Value 38,439 19,101 Shares outstanding 9,387,000 4,522,599 Book Value per share (BVPS) $4.09 $4.22 Shares Outstanding Equity $000's Book Value per share (BVPS) 1 $ Quarterly Expenses $'000's Expenses as apercentage of BV 1 Dec-31-21 9,387,000 38,439 4.09 226 0.6 Sep-30-21 9,387,000 38,547 4.11 263 0.7 Jun-30-21 9,420,198 39,480 4.19 216 0.5 Mar-31-21 4,710,099 21,904 4.65 217 1.0 Dec-31-20 4,522,599 19,101 4.22 132 0.7 Sep-30-20 4,522,599 16,493 3.64 114 0.7 Jun-30-20 4,522,599 15,399 3.40 121 0.8 Mar-31-20 4,522,599 15,540 3.44 61 0.4 1 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Equity amounts are as at the Quarter End dateQuarterly Expenses amounts are for the Three months ending the Quarter End dateAs at December 31, 2021, Pinetree's equity was $38,439 which compares to $19,101 as at December 31, 2020. This resulted in Pinetree's BVPS decreasing from $4.22 as at December 31, 2020 to $4.09 as at December 31, 2021. The change represents a decrease of $0.13 or 3.1%.As at December 31, 2021, the Company held equity investments at fair value totaling$24,703, which represented 64% of book value. This compares to equity investments at fair value of $13,531 representing 70% of book value as at December31, 2020.Loss per share for the three months ended December 31, 2021 was $0.01 compared to earnings per share of $0.29 for the three months ended December 31, 2020. E...