Post by tomas on Mar 3, 2018 7:20:20 GMT
According to Mintos statistics the loans outstanding for Mogo are around 60 mln. Euro. So the interest expense could be 5 mln. Euro annually, as normal interest for Mogo loans is around 12% on the platform.
The interest expenses as in 2017 financial statements are stated as 2.8 mln Eur. As I understand these expenses include also interest for issued 10% bonds in the ammount of 20 mln. Euro now.
What happens? If somebody could explain that? Mogo did not start from zero last year, so I do not think that this increase in loan outstanding was in the last few months.
Mogo finanicals: blog.mintos.com/mogo-condensed-financial-information-12-month-period-ended-31-december-2017/
The interest expenses as in 2017 financial statements are stated as 2.8 mln Eur. As I understand these expenses include also interest for issued 10% bonds in the ammount of 20 mln. Euro now.
What happens? If somebody could explain that? Mogo did not start from zero last year, so I do not think that this increase in loan outstanding was in the last few months.
Mogo finanicals: blog.mintos.com/mogo-condensed-financial-information-12-month-period-ended-31-december-2017/
