Initial Public Offering



CORPORATE FINANCIAL BRIEF STATEMENT

Statement of Financial Position /1,000 MNT/

ASSETS 12/31/2017 10/31/2017 12/31/2016
Current assets
Cash and cash equivalents 2,391,070 320,043 507,939
Loans and advances to customers 4,289,481 2,110,270 124,160
Other assets 4,668 44,761 14,700
6,685,219 2,475,074 646,799
Non-current assets
Intangible assets 265,252 270,210 295,000
Property, plant and equipment 90,958 64,337 23,073
Other assets 87,998 - -
444,208 334,547 318,073
TOTAL ASSETS 7,129,427 2,809,621 964,872
LIABILITIES 12/31/2017 10/31/2017 12/31/2016
Current liabilities
Closed bond 1,022,356 300,200 -
Other liabilities 88,532 87,618 170,254
TOTAL LIABILITIES 1,110,888 387,818 170,254
EQUITY 12/31/2017 10/31/2017 12/31/2016
Share capital 6,000,000 2,500,000 800,000
Retained earnings (accumulated losses) 18,539 (78,197) (5,382)
TOTAL EQUITY 6,018,539 2,421,803 794,618
TOTAL LIABILITIES AND EQUITY 7,129,427 2,809,621 964,872

Statement of Comprehensive Income /1,000 MNT/

12/31/2017 10/31/2017 12/31/2016
Interest and similar income 961,707 469,100 6,299
Interest expense (57,934) (34,078) -
Net interest and similar income 903,773 435,022 6,299
Provision for loan impairment (15,351) (11,590) -
Net interest and similar income after provision for loan impairment 888,422 423,432 6,299
Administrative and operating expenses (815,624) (486,558) (12,890)
Other expenses (40,099) (8,346) (592)
Profit/(loss) before income tax 32,699 (71,472) (7,183)
Income tax expense (8,778) (1,343) (281)
Profit/(loss) for the year 23,921 (72,815) (7,464)