P&C Insurance and Beverages Business Financial Overview
Beverages business financial highlights
Income statement
Balance sheet (Wine business)
GEORGIA
CAPITAL
Balance sheet (Beer business)
GEL thousands, unless otherwise noted
FY19
FY18
Change
GEL thousands, unless otherwise noted
Dec-19
Dec-18 change
GEL thousands, unless otherwise noted
Dec-19
Dec-18
change
Wine Business
45,115
31,104
45.0%
Cash and cash equivalents
5,230
Beer Business
55,901
29,288
90.9%
Amounts due from financial institutions
994
Distribution Business
23,689
15,822
49.7%
Accounts Receivable
14,269
Revenue
124,705
76,214
63.6%
Prepayments & Other Assets
2,748
Wine Business
Beer Business
(38,271)
(23,553) (15,199)
(19,190)
55.0%
Inventory
28,174
8,380 -37.6%
930
6.9%
12,409 15.0%
985
18,979
Cash and cash equivalents
2,543
1,244
NMF
Amounts due from financial institutions
8
NMF
Accounts Receivable
7,912
2,161
NMF
99.4%
Intangible Assets, Net
270
Distribution Business
(18,525) (12,571)
47.4%
Goodwill
10,803
333
3,136
NMF
48.4%
-18.9%
Prepayments & Other Assets
4,489
4,998
-10.2%
Inventory
12,113
6,618
83.0%
Intangible Assets, Net
8,722
631
NMF
NMF
Goodwill
2,226
2,226
NMF
COGS
Gross Profit
(80,349) (46,960)
71.1%
Property and Equipment, Net
44,356
29,254
51.6%
Total Assets
Gross Profit Margin
35.6%
38.4%
-2.8ppts
Accounts Payable
Salaries and other employee benefits
(21,598)
(14,195)
52.2%
Borrowings
57,138
119,626 77,385
4,342
49,373
32,233
77.3%
Property and Equipment, Net
70,249
98,267
-28.5%
54.6%
5,894 -26.3%
Total Assets
108,254
116,153
-6.8%
Accounts Payable
10,491
9,530
10.1%
49,857
-1.0%
Borrowings
88,973
68,096
30.7%
Sales and marketing expenses
(4,178)
(6,426)
-35.0%
Other Current Liabilities
General and administrative expenses
(8,268)
(7,913)
4.5%
Total Liabilities
Distribution expenses
(6,749)
(4,883)
38.2%
Total equity
Other operating expenses
(1,141)
(2,278)
-49.9%
Total liabilities and equity
4,188 3,658
57,903 59,409
61,723 17,976
119,626 77,385
14.5%
Other Current Liabilities
2,933
2,310
27.0%
-2.5%
Total Liabilities
102,397
79,936
28.1%
NMF
54.6%
Total equity
5,857
36,217
-83.8%
Total liabilities and equity
108,254
116,153
-6.8%
EBITDA
2,422
(6,441)
NMF
wine EBITDA
8,731
7,151
22.1%
beer EBITDA
(6,450)
(13,754)
-53.1%
distribution EBITDA
335
625
-46.4%
Net foreign currency gain (loss)
(3,418)
(1,879)
81.9%
Depreciation and amortization
(16,327)
(11,882)
37.4%
Net interest income/expense
(12,856)
(7,085)
81.5%
Net non-recurring items
(25,717)
(1,886)
NMF
(Loss) profit before income tax
(Loss) Profit
(55,896) (29,173)
91.6%
(55,896) (29,173)
91.6%
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