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AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2017.

AS “mogo” earns 2.1 million during the first 6 months of 2017.

Turnover amounted to EUR 6.3 million (31% increase, compared to the same period in 2016), EBITDA reached EUR 3.7 million (29% increase, compared to the same period in 2016), net profit was EUR 2.1 million (50% increase, compared to the same period in 2016) and net profit margin was 33% (15% increase, compared to the same period in 2016).

As at 30 June 2017 gross value of the lease portfolio reached 29.6 million euro (11% increase, compared to 31 December 2016).

Interim Condensed Statement of Profit or Loss and Other Comprehensive Income

In EUR	01.01.2017.-30.06.2017.	01.01.2016.-30.06.2016.
Interest and similar income	6 322 294	4 819 908
Interest expense and similar expense	(1 131 451)	(1 052 895)
Impairment	(832 282)	(130 775)
Gross profit	4 358 561	3 636 238
Selling expense	(349 630)	(232 584)
Administrative expense	(1 766 323)	(1 753 392)
Other operating income	13 352	6 411
Other operating expense	(5 607)	(3 407)
Other interest receivable and similar income	135 970	285
Profit before tax	2 386 323	1 653 551
Corporate income tax	(347 751)	(235 420)
Deferred corporate income tax	59 356	(21 542)
Total comprehensive income for the period	2 097 928	1 396 589

Interim Condensed Statement of Financial Position

In EUR	30.06.2017.	31.12.2016.
NON-CURRENT ASSETS
Intangible Assets	995 168	1 020 061
Property, plant and equipment	135 649	177 638
Investments in related companies	20	20
Finance lease receivables	21 267 934	19 082 765
Deferred tax	138 360	79 004
TOTAL NON-CURRENT ASSETS	22 537 131	20 359 488

CURRENT ASSETS
Finished goods and goods for resale	20 180	17 948
Finance lease receivables	6 641 345	6 152 513
Loans to related parties	2 459 945	120 000
Loans to non-related parties	62	2 056
Receivables from related companies	61	1 718
Other receivables	303 121	775 713
Prepaid expense	174 988	98 946
Accrued revenue	50 331	534
Cash and cash equivalents	582 361	147 024
TOTAL CURRENT ASSETS	10 232 394	7 316 452

TOTAL ASSETS	32 769 525	27 675 940

EQUITY
Share Capital	5 000 000	5 000 000
Currency conversion reserve	1	1
Retained earnings	4 829 375	3 318 381
TOTAL EQUITY	9 829 376	8 318 382

LIABILITIES
Non-current liabilities
Liabilities for issued bonds	15 979 508	17 920 905
TOTAL NON-CURRENT LIABILITIES	15 979 508	17 920 905

Current liabilities
Prepayments received from customers	233 126	216 215
Loans from credit institutions	5 468 743	682 414
Trade payables	105 714	81 328
Payables to related companies	143	–
Loans from non-related parties	869 923	–
Taxes payable	98 228	68 958
Other liabilities	21 086	112 494
Other provisions	130 875	96 350
Accrued liabilities	32 803	178 894
TOTAL CURRENT LIABILITIES	6 960 641	1 436 653

TOTAL EQUITY AND LIABILITIES	32 769 525	27 675 940

AS mogo interim condensed financial information for the 6 month period ended 30 June 2017.pdf

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

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Information published in this blog is marketing communication, not investment advice. Mintos shall not be responsible for any direct or indirect loss arising from the use of the provided information. Investing in financial instruments involves risk. There is no guarantee to get back the invested amount.

AS Mintos Marketplace (registration no. 4010390364, legal address: Skanstes iela 50, Riga, LV – 1013, Latvia) is an investment firm licensed and supervised by the Financial and Capital Market Commission. License number 06.06.08.719/534.
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