AS “mogo” condensed financial information for the 12 month period ended 31 December 2017.

01.03.2018

mintosblog

AS “mogo” earns 3.5 million during 2017.

Turnover amounted to EUR 13.7 million (30% increase, compared to the same period in 2016), EBITDA reached EUR 6.1 million (19% increase, compared to the same period in 2016), net profit was EUR 3.5 million (35% increase, compared to the same period in 2016).

As at 31 December 2017 value of the net lease portfolio reached 30.6 million euro (22% increase, compared to 31 December 2016).

“Mogo in Latvia posts another successful year with significant growth in profits, at the same time continuing to invest both in the development of services in Latvia, as well as in the growth of Mogo Group. Investments made in 2017 will bring significant returns to the company by gradually expanding into new segments of the lending market,” says Aleksandrs Čerņagins, Member of the Board of AS “mogo”.

Condensed Statement of Profit or Loss and Other Comprehensive Income

In EUR 01.01.2017.-31.12.2017. 01.01.2016.-31.12.2016.
Interest and similar income 13 672 258 10 517 645
Interest expense and similar expense (2 882 646) (2 151 704)
Impairment (2 446 796) (886 854)
Gross profit

 

8 342 816 7 479 087
Selling expense (843 941) (747 348)
Administrative expense (3 852 732) (3 726 806)
Other operating income 46 153 18 045
Other operating expense (25 303) (4 396)
Other interest receivable and similar income 485 123 23 788
Other interest payable and similar expense (925)
Profit before tax

 

4 151 191 3 042 370
Corporate income tax (550 176) (102 378)
Deferred corporate income tax (79 004) (330 524)
Total comprehensive income for the period 3 522 011 2 609 468

 

 Condensed Statement of Financial Position

In EUR 31.12.2017. 31.12.2016.
NON-CURRENT ASSETS
Intangible Assets 1 172 991 1 020 061
Property, plant and equipment 144 756 177 638
Investments in related companies 26 20
Finance lease receivables 22 812 081 18 131 400
Loans to related companies 17 865 000 120 000
Loans and advances to customers 680 495
Deferred tax 79 004
TOTAL NON-CURRENT ASSETS

 

42 675 349 19 528 123
CURRENT ASSETS
Finished goods and goods for resale 339 491 17 948
Finance lease receivables 7 762 635  6 923 122
Loans and advances to customers 463 718
Loans to non related parties 16 065 2 056
Receivables from related parties 200 751 1 718
Other assets held for sale 367 683 301 075
Other receivables 1 712 052 824 432
Prepaid expense 361 280 120 239
Accrued revenue 38 183 534
Cash and cash equivalents 671 871 147 024
TOTAL CURRENT ASSETS

 

11 933 729 8 338 148
TOTAL ASSETS

 

54 609 078 27 866 271
EQUITY
Share Capital 5 000 000 5 000 000
Currency conversion reserve 1 1
Retained earnings 5 253 457 2 967 415
TOTAL EQUITY

 

10 253 458 7 967 416
LIABILITIES
Non-current liabilities
Liabilities for issued bonds 26 563 303 17 920 905
Loans from non related parties 15 989 187
TOTAL NON-CURRENT LIABILITIES

 

42 552 490 17 920 905
Current liabilities
Prepayments received from customers 298 826 222 875
Loans from credit institutions 703 707
Trade payables 181 397 79 902
Payables to related companies 3 872
Loans from non-related parties 165 909
Taxes payable 443 781 68 958
Other liabilities 7 713 96 942
Contingent liabilities 226 356 530 322
Accrued liabilities 475 276 275 244
TOTAL CURRENT LIABILITIES

 

1 803 130 1 977 950
TOTAL EQUITY AND LIABILITIES

 

54 609 078 27 866 271

Attachment: AS “mogo” condensed financial information for the 12 month period ended 31 December 2017.

 


AS mogo condensed financial information for the 12 month period ended 31 December 2017.pdf 

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