MOGO: AS „mogo” audited interim condensed financial statements for the 6 month period ended 30 June 2015
Audited 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 |
Audited 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 | ||||||
* audited interim condensed financial statements prepared in compliance with the International Financial Reporting Standards approved in the European Union
Attachment: AS “mogo” audited interim condensed financial statements for the 6 month period ended 30 June 2015.
About AS “mogo”
AS “mogo” offers classical finance lease and lends against vehicles already owned by clients (a type of service known as leaseback), which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of more than 210 affiliated car dealerships, or at one of its client service centers in major cities throughout Latvia. Today, “mogo” group companies also operate in Estonia, Lithuania, and Georgia, with plans to expand business to other countries. Read more: www.mogofinance.com
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