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Sponsorships

Payment of sponsorships and making of donations

The sponsorship activities of Riigi Kinnisvara AS are organised in accordance with the Articles of Association, which states that the company may pay support and make donations on the following terms and conditions:

  • the payment of support promotes the operational and financial goals of Riigi Kinnisvara AS;
  • Riigi Kinnisvara AS has free funds to pay the support
  • the total amount of support paid by companies in the consolidation group of Riigi Kinnisvara AS in one calendar year shall not exceed the prescribed support rate of 0,5% of the average consolidated net profit of the last three financial years.

Riigi Kinnisvara AS shall publish information on support paid and donations made on its website within three working days after the adoption of the relevant resolution. Relevant information is publicly available on the website for at least five years after the support was terminated or the donation made. The information on the web page shall include the name of the recipient of the support, the amount of the support and the reasoning for the support.

Ugala Theatre (reconstruction completed 2017). Photo: M. Tomba