OREANDA-NEWS. September 09, 2015. The publication is supplemented with the Statement of Management Responsibility of AS „mogo”. The unaudited interim condensed financial statements for the 6 month period ended 30 June 2015 of AS „mogo” have not been modified.

First six months of 2015 continued to be a period of a very rapid growth for the Company. Turnover reached 4.4 million euro (100% increase compared to the same period in 2014), EBITDA 1.4 million euro (56% increase compared to the same period in 2014), and net profit of the Company reached 0.31 million euro (78% increase compared to the same period in 2014).

At the end of June 2015 gross value of the lease portfolio reached 25.8 million euro (15% increase compared to the same period in 2014).

Unaudited Interim Condensed Statement of Profit or Loss and other Comprehensive Income *

In EUR   01.01.2015.-30.06.2015.   01.01.2014.-30.06.2014.
Interest and similar income   4 439 403   2 202 633
Interest expense   (968 425)   (574 808)
Impairment   (1 213 557)   (169 290)
Selling expense   (292 197)   (385 886)
Administrative expense   (1 411 032)   (772 756)
Other operating income   86 893   56 420
Other operating expense   (232 011)   (76 457)
Other interest receivable and similar income   26 771   5 375
Interest payable and similar expense   -   (19)
Profit before Income Tax   435 845   285 212
Corporate Income Tax   (184 541)   (126 351)
Deferred Income Tax   63 584   17 743
Net profit for the period   314 888   176 604
Other comprehensive income   -   -
Total comprehensive profit for the period   314 888   176 604

 

Unaudited Interim Condensed Statement of Financial Position*

In EUR   30.06.2015.   31.12.2014.
NON-CURRENT ASSETS        
Intangible Assets   376 315   210 266
Fixed Assets   199 755   147 831
Other Non-Current Assets   -   530 000
Deferred Tax Asset   231 379   167 795
Non-current Net Finance Lease Receivables   20 665 253   15 986 420
TOTAL NON-CURRENT ASSETS   21 472 702   17 042 312
         
CURRENT ASSETS        
Current Net Finance Lease Receivables   3 421 394   5 249 676
Inventory   16 236   60 255
Related Party Receivables   765 133   115 913
Other Receivables   57 777   68 179
Deferred expense   275 395   248 870
Other Current Investments   600 000   4 483 000
Cash and Cash Equivalents   338 616   768 619
TOTAL CURRENT ASSETS   5 474 551   10 994 512
         
TOTAL ASSETS   26 947 253   28 036 824
 
EQUITY		        
Share Capital   5 000 000   5 000 000
Retained Earnings / (Accumulated Loss)   62 855   (475 340)
Profit for the Period   314 888   538 195
TOTAL EQUITY   5 377 743   5 062 855
         
LIABILITIES        
Non-current liabilities        
Borrowings   20 512 130   19 562 000
TOTAL NON-CURRENT LIABILITIES   20 512 130   19 562 000
Current liabilities        
Borrowings   198 751   2 381 801
Trade Liabilities   75 055   82 945
Liabilities to Related Parties   -   2 303
Current Tax Liabilities   122 956   405 459
Deferred Revenue   416 875   348 733
Other Liabilities   243 743   190 728
TOTAL CURRENT LIABILITIES   1 057 380   3 411 969
         
TOTAL EQUITY AND LIABILITIES   26 947 253   28 036 824
                 

* unaudited interim condensed financial statements prepared in compliance with the International Financial Reporting Standards approved in the European Union