Riga, Latvia, 2016-02-29 18:51 CET (GLOBE NEWSWIRE) -- In reporting period from January 1, 2015 to December 31, 2015 consolidated turnover of SIA VIA SMS Group and its subsidiaries was EUR 13.6 million. Profit before interest, tax, depreciation and amortization was EUR 2.8 million, net profit after tax was EUR 1.4 million and net credit portfolio at the end of reporting period was EUR 10.4 million.
In comparison to a net profit of year 2014 EUR 1.6 million, net profit of reporting period has decreased by 13% which is the result of newly started subsidiary VIACONTO MINICREDIT S.L. in Spain which lead to losses in amount of EUR 0.65 million. By excluding Spain subsidiary losses SIA VIA SMS Group profit for the reporting period in comparison to net profit of 2014 has increased by 28%.
At the end of reporting period share capital was EUR 803,000 and total equity was EUR 1,446,797.
Profit and Loss Statement
Group | |||
Notes |
Year 2015 EUR |
Year 2014 EUR |
|
Net turnover | 4 | 13 581 328 | 11 534 906 |
Operating costs | 5 | (2 433 472) | (3 457 813) |
Impairment allowances | 12 | (4 441 413) | (3 316 361) |
Gross profit/ (loss) | 6 706 443 | 4 760 732 | |
Selling expenses (marketing) | (1 755 078) | (1 233 438) | |
Operating profit/ (loss) | 4 951 365 | 3 527 294 | |
Administrative expenses | 6 | (2 524 627) | (1 418 911) |
Other operating expenses | 7 | (537 202) | (705 890) |
Other operating income | 8 | 100 758 | 453 045 |
Profit/ (loss) before tax | 1 990 294 | 1 855 538 | |
Taxes | (614 098) | (267 509) | |
Net profit/ (loss) for the period | 1 376 196 | 1 588 029 |
Balance sheet
Group | |||
Notes |
31.12.2015 EUR |
31.12.2014 EUR |
|
Non-current assets | 1 681 853 | 602 678 | |
Property, plant and equipment | 9 | 66 220 | 53 951 |
Intangible assets | 9 | 413 011 | 472 666 |
Investments in leasehold improvements |
9 | 52 765 | 17 230 |
Investments in subsidiaries and associates | 10 | - | - |
Bonds | 1 005 000 | - | |
Loans and trade receivables | 11 | 76 828 | - |
Deferred tax | 68 029 | 58 831 | |
Current assets | 11 789 874 | 9 705 229 | |
Loans and trade receivables | 11 | 10 385 074 | 8 026 587 |
Other receivables | 13 | 815 824 | 1 104 368 |
Prepaid expenses | 41 307 | 35 856 | |
Cash and cash equivalents | 14 | 547 669 | 538 418 |
Total assets | 13 471 727 | 10 307 907 | |
31.12.2015 EUR |
31.12.2014 EUR |
||
Equity | Notes | 1 446 797 |
207 804 |
Share capital | 15 | 803 000 | 803 000 |
Foreign currency translation reserve | 364 263 | 77 752 | |
Revaluation reserve | 10 | 30 547 | 454 261 |
Retained earnings/ (accumulated loss) | 248 987 | (1 127 209) | |
Non-current liabilities | 16 | 6 870 582 | 4 000 000 |
Bonds | 6 300 000 | 4 000 000 | |
Borrowings | 570 582 | - | |
Current liabilities | 16 | 5 154 348 | 6 100 103 |
Bonds | 67 134 | 50 556 | |
Borrowings | 2 211 866 | 4 209 425 | |
Trade payables |
1 771 264 |
1 123 815 | |
Other liabilities | 176 867 | 122 907 | |
CIT payable |
306 054 |
51 726 | |
Accrued liabilities | 17 | 283 035 | 250 065 |
Deferred income | 338 117 | 291 609 | |
Bank credit facility | 11 | - | |
Total liabilities | 12 024 930 | 10 100 103 | |
Total equity and liabilities | 13 471 727 | 10 307 907 |
SIA VIA SMS Group
SIA VIA SMS group is the third largest online lender in Eastern Europe, providing loans without collateral to individuals since the year 2009. It operates under the brand names VIA SMS, VIA CREDIT and VIA CONTO, and offers loans for up to 12 months in Latvia, Lithuania, Czech Republic, Poland and Sweden. VIA SMS Group has more than 750 000 registered clients and total amount of annually issued loans has reached EUR 60 million
.
Ģirts Kurmis
Finanšu direktors
SIA VIA SMS group
Tālrunis: +371 67212412
E-pasta adrese: girts.kurmis@viasmsgroup.com