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

01.08.2017

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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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