Correction: SIA VIA SMS Group interim six month report for year 2016

LATVIA


Correction: 2016 interim reports for 6 month in Latvian language and English language are published repeatedly, as previously published interim report in Latvian language had attachments in English language, but interim report in English had attachments in Latvian language.

During the period from 1 January 2016 till 30 June 2016, the Company’s business was successful and the Company closed the reporting period with a net turnover of EUR 7 842 382an increase of 23.8% in comparison to the same period in 2015 and reached net profit ofEUR 657 064.

Net loan portfolio as per June 30, 2016 is EUR 11 915 811, which is 13% more than net loan portfolio as per December 31, 2015.

Profit and Loss Statement

  Year 2016 6 months
EUR
Year 2014
6 months
EUR
Net turnover 7 842 382 6 332 484
Operating costs (1 877 197) (1 584 093)
Impairment allowances (2 712 584) (1 661 982)
Gross profit/ (loss) 3 252 601 3 086 409
Selling expenses (marketing) (857 460) (769 025)
Operating profit (loss) 2 395 141 2 317 384
Administrative expenses (952 166) (775 632)
Other operating expenses (441 415) (215 478)
Other operating income 100 102 800
Profit / (loss) before tax 1 001 660 1 429 074
Taxes (344 596) (310 653)
Net profit / (loss) for the period 657 064 1 118 421
       

Balance

  30.06.2016.
EUR
31.12.2015.
EUR
Non-current assets  
1 886 251
 
602 678
Property, plant and equipment 67 450 53 951
Intangible assets 356 770 472 666
Investments in leasehold improvements 45 229 17 230
Bonds 1 251 000
Loans and trade receivables 97 529 76 828
Deferred tax 68 273 68 273
Current assets 14 341 940 12 909 889
Loans and trade receivables 11 915 811 10 568 256
Other receivables 1 120 320 752 700
Prepaid expenses 64 430 41 065
Cash and cash equivalents 1 241 379 542 868
Total assets 16 228 191 13 586 836
 
 
   
Equity 2 223 388 1 583 322
Share capital 803 000  803 000
Foreign currency translation reserve 27 052 44 050
Revaluation reserve 289 261 344 261
Retained earnings / (accumulated loss) 1 104 075 392 011
Current liabilities  
11 232 142
 
11 432 932
Bonds 4 647 968 6 390 720
Borrowings 3 857 672 2 211 866
Trade payables 1 906 996 1 793 194
Other liabilities 194 762 184 402
CIT payable 171 934 245 448
Accrued liabilities 181 227 277 583
Deferred Income 271 583 329 708
Bank credit facility - 11
Non-current liabilities 2 772 661 570 582
Bonds 1 827 000 -
Borrowings 945 661 570 582
Total liabilities 14 004 803 12 003 514
Total equity and liabilities 16 228 191 13 586 836
       

SIA VIA SMS Group

SIA VIA SMS Group providing loans without collateral to individuals since 2009. It operates under the brand names VIA SMS, SAVA Card, VIA CREDIT and VIA CONTO, and offers loans for up to 12 months in Latvia, Czech Republic, Poland, Sweden and Spain. VIA SMS Group has more than 750 000 registered clients and total amount of annually issued loans has reached EUR 55 million.

ViaSpar (Sweden) which is part of VIA SMS Group has received permission to attract deposits in amount up to SEK 50K in Sweden.

Jānis Urtāns

Finance director

SIA VIA SMS group

Phone: +371 67212412

E-mail: janis.urtans@viasmsgroup.com


Attachments

VIA_SMS_Group_Consolidated_30062016_ENG.pdf