AS “mogo” interim condensed financial information for the 3 month period ended 31 March 2017

AS “mogo” earns 1.1 million during the first 3 months of 2017.

Turnover amounted to EUR 3.1 million (32% increase, compared to the same period in 2016), EBITDA reached EUR 1.8 million (55% increase, compared to the same period in 2016), net profit was EUR 1.1 million (122% increase, compared to the same period in 2016) and net profit margin was 35% (69% increase, compared to the same period in 2016).

As at 31 March 2017 gross value of the lease portfolio reached 28.1 million euro (5% increase, compared to 31 December 2016).

Interim Condensed Statement of Profit or Loss and Other Comprehensive Income

In EUR 01.01.2017.-31.03.2017. 01.01.2016.-31.03.2016.
Interest and similar income 3 103 891 2 358 979
Interest expense and similar expense (564 005) (515 472)
Impairment (374 698) (331 058)
Gross profit 2 165 188 1 512 449
Selling expense (130 412) (98 022)
Administrative expense (874 845) (828 544)
Other operating income 7 069 2 480
Other operating expense (2 204) (401)
Other interest receivable and similar income 67 287 14
Profit before tax 1 232 083 587 976
Corporate income tax (183 633) (125 904)
Deferred corporate income tax 28 985 22 575
Total comprehensive income for the period 1 077 435 484 647

 

Interim Condensed Statement of Financial Position

In EUR 31.03.2017. 31.12.2016.
NON-CURRENT ASSETS
Intangible Assets 1 024 120 1 020 061
Property, plant and equipment 150 757 177 638
Investments in related companies 20 20
Finance lease receivables 20 221 521 19 082 765
Deferred tax 107 989 79 004
TOTAL NON-CURRENT ASSETS 21 504 407 20 359 488
CURRENT ASSETS
Finished goods and goods for resale 26 518 17 948
Finance lease receivables 6 323 196 6 152 513
Loans to related parties 2 550 000 120 000
Loans to non-related parties 561 2 056
Receivables from related companies 1 718
Other receivables 627 944 775 713
Prepaid expense 180 013 98 946
Accrued revenue 31 541 534
Cash and cash equivalents 317 723 147 024
TOTAL CURRENT ASSETS 10 057 496 7 316 452
TOTAL ASSETS 31 561 903 27 675 940

 

EQUITY
Share Capital 5 000 000 5 000 000
Currency conversion reserve 1 1
Retained earnings 4 395 816 3 318 381
TOTAL EQUITY 9 395 817 8 318 382
LIABILITIES
Non-current liabilities
Liabilities for issued bonds 15 717 740 17 920 905
TOTAL NON-CURRENT LIABILITIES 15 717 740 17 920 905
Current liabilities
Prepayments received from customers 243 208 216 215
Loans from credit institutions 5 310 801 682 414
Trade payables 71 708 81 328
Payables to related companies 2 216
Loans from non-related parties 631 694
Taxes payable 4 133 68 958
Other liabilities 14 831 112 494
Other provisions 126 249 96 350
Accrued liabilities 43 506 178 894
TOTAL CURRENT LIABILITIES 6 448 346 1 436 653
TOTAL EQUITY AND LIABILITIES 31 561 903 27 675 940

Attachment: AS “mogo” interim condensed financial information for the 3 month period ended 31 March 2017.


AS mogo interim condensed financial information for the 3 month period ended 31 March 2017.pdf

 

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

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