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 7 842 382 an increase of 23.8% in comparison to the same period in 2015 and reached net profit of EUR 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
|
30.06.2015. EUR |
31.12.2014. 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 | |
|
|
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| 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
