AS “mogo” audited financial statements for the 12 month period ended 31 December 2016

AS “mogo” earns 3.0 million during the first twelve months of 2016.

CORRECTION: Unaudited financial statements 2016 have been added. The rest of the information is unchanged.

Turnover amounted to EUR 10.4 million (14% increase, compared to 2015), EBITDA reached EUR 6.0 million (71% increase, compared to 2015), net profit was EUR 3.0 million (196% increase, compared to 2015) and net profit margin was 28% (159% increase, compared to 2015).

As at 31 December 2016 gross value of the lease portfolio reached 27.0 million euro (1% decrease, compared to 31 December 2015).

Audited Statement of Profit or Loss and other Comprehensive Income*

In EUR 01.01.2016.-31.12.2016 01.01.2015.-31.12.2015.
Interest and similar income 10 412 789 9 125 559
Interest expense and similar expense (2 151 704) (2 245 791)
Impairment (886 854) (2 319 016)
Gross profit 7 374 231 4 560 752
Selling expense (501 656) (459 995)
Administrative expense (3 442 176) (2 972 170)
Other operating income 18 045 29 983
Other operating expense (4 396) (19 258)
Other interest receivable and similar income 1 222 26 977
Profit before tax 3 445 270 1 166 289
Corporate income tax (151 247) (405 337)
Deferred corporate income tax (330 524) 241 704
Total comprehensive income for the period 2 963 499 1 002 656


Audited Statement of Financial Position
*

In EUR 31.12.2016. 31.12.2015.
NON-CURRENT ASSETS
Intangible Assets 1 020 061 685 069
Property, plant and equipment 177 638 222 431
Investments in related companies 20
Finance lease receivables 18 131 400 16 475 440
Loans to related companies 120 000
Deferred tax 79 004 409 528
TOTAL NON-CURRENT ASSETS 19 528 123 17 792 468
CURRENT ASSETS
Finished goods and goods for resale 17 948
Finance lease receivables 6 795 700 7 293 284
Loans to non-related parties 2 056 2 977
Receivables from related companies 1 718 83 172
Other receivables 775 563 434 700
Assets held for sale 301 075 270 488
Prepaid expense 120 239 74 038
Accrued revenue 534 3 155
Cash and cash equivalents 147 024 399 884
TOTAL CURRENT ASSETS 8 161 857 8 561 698
TOTAL ASSETS 27 689 980 26 354 166

 

EQUITY
Share Capital 5 000 000 5 000 000
Currency conversion reserve 1 1
Retained earnings 3 321 446 882 947
TOTAL EQUITY 8 321 447 5 882 948
LIABILITIES
Non-current liabilities
Liabilities for issued bonds 17 920 905 15 182 824
Loans from non-related parties 500 000
TOTAL NON-CURRENT LIABILITIES 17 920 905 15 682 824
Current liabilities
Prepayments received from customers 222 875 198 369
Loans from credit institutions 703 707 3 555 962
Trade payables 79 902 103 787
Payables to related companies 369 744
Loans from non-related parties 187 864
Taxes payable 68 958 73 243
Other liabilities 96 942 106 351
Accrued liabilities 275 244 193 074
TOTAL CURRENT LIABILITIES 1 447 628 4 788 394
TOTAL EQUITY AND LIABILITIES 27 689 980 26 354 166

 

* audited financial statements prepared in compliance with the International Financial Reporting Standards approved in the European Union

Attachment: AS “mogo” audited financial statements for 2016 together with Independent Auditors’ Report.


AS mogo audited financial statements for the 12 month period ended 31 December 2016.pdf
AS mogo corporate governance report 2016_ENG.pdf
AS mogo unaudited financial statements for the 12 month period ended 31 December 2016.pdf

This news release was distributed by GlobeNewswire, www.globenewswire.com – a Nasdaq company

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