MOGO earns 2.3 million during the first nine months of 2016

02.11.2016

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Turnover amounted to EUR 7.5 million (11% increase, compared to the same period in 2015), EBITDA reached EUR 4.6 million (115% increase, compared to the same period in 2015), net profit was EUR 2.3 million (553% increase, compared to the same period in 2015) and net profit margin was 31% (491% increase, compared to the same period in 2015).

At the end of September 2016 gross value of the lease portfolio reached 28.2 million euro (4% increase, compared to the end of December 2015).

Interim Condensed Statement of Profit or Loss and Other Comprehensive Income

In EUR 01.01.2016.-30.09.2016 01.01.2015.-30.09.2015.
Interest and similar income 7 477 571 6 766 611
Interest expense and similar expense (1 630 720) (1 619 014)
Impairment (240 899) (1 828 764)
Gross profit 5 605 952 3 318 833
Selling expense (377 871) (451 829)
Administrative expense (2 602 644) (2 395 444)
Other operating income 24 570 22 748
Other operating expense (4 793) (18 652)
Other interest receivable and similar income 22 170 26 953
Profit before tax 2 667 384 502 609
Corporate income tax (346 037) (281 034)
Deferred corporate income tax (29 473) 129 321
Total comprehensive income for the period 2 291 874 350 896

 

Interim Condensed Statement of Financial Position

In EUR 30.09.2016. 31.12.2015.
NON-CURRENT ASSETS
Intangible Assets 984 506 685 069
Property, plant and equipment 195 819 222 431
Investments in related companies 20
Finance lease receivables 19 027 480 16 100 752
Deferred tax 380 055 409 528
TOTAL NON-CURRENT ASSETS 20 587 880 17 417 780
CURRENT ASSETS
Finished goods and goods for resale 4 100
Finance lease receivables 5 955 092 7 678 734
Loans to non-related parties 21 671
Receivables from related companies 1 499 83 172
Other receivables 125 885 172 012
Assets held for sale 312 415 259 725
Prepaid expense 127 713 74 038
Accrued revenue 610 3 155
Cash and cash equivalents 205 483 399 884
TOTAL CURRENT ASSETS 6 754 468 8 670 720
TOTAL ASSETS 27 342 348 26 088 500

 

EQUITY
Share Capital 5 000 000 5 000 000
Currency conversion reserve 1 1
Retained earnings 2 881 730 589 856
TOTAL EQUITY 7 881 731 5 589 857
LIABILITIES
Non-current liabilities
Liabilities for issued bonds 17 597 046 15 200 026
Loans from credit institutions 1 300 000 3 539 913
Loans from non-related parties 500 000
TOTAL NON-CURRENT LIABILITIES 18 897 046 19 239 939
Current liabilities
Prepayments received from customers 200 574 198 369
Loans from credit institutions 8 900 16 049
Trade payables 47 016 103 787
Payables to related companies 369 744
Loans from non-related parties 187 864
Taxes payable 71 684 83 466
Other liabilities 98 639 106 351
Other provisions 79 600 85 209
Accrued liabilities 57 158 107 865
TOTAL CURRENT LIABILITIES 563 571 1 258 704
TOTAL EQUITY AND LIABILITIES 27 342 348 26 088 500

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

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