XacSecurity LLC was established in 2002 as a security division of XacBank LLC. Upon extension of the activity and requirement of the General Police Authority, XacSecurity LLC was licensed to provide security services to branches and units of Xa Bank LLC in Ulaanbaatar and other aimags.
The operations of XacSecurity LLC is limited by XacBank LLC’s service demand. There has been no assumption of its business extension, and a Business plan was not submitted by the company. There is also limited information of the sector in which the company is operating, thus the business value is recognized at its carrying value of owner’s equity.
|Total current assets||53,225,085||43,146,393||46,984,156||49,967,032|
|Total non-current assets||103,777,866||90,032,151||78,850,405||148,114,270|
|Liability and owner’s equity||157,002,952||131,178,544||125,834,562||198,081,302|
|Net cash flow||-||1,404,000||(3,347)||(11,387,163)|
|Income after taxes||15,720,839||21,155,000||33,733,941||48,570,763|