Georgia Capital PLC Financial and Operational Report
INCOME STATEMENT | 3Q23 & 9M23
Income statement
GEORGIA
CAPITAL
GEL '000, unless otherwise noted
3Q23
Dividend income
41,876
3Q22
32,019
Change
9M23
9M22
Change
30.8%
128,379
66,440
93.2%
Buyback dividend
11,785
NMF
73,356
NMF
Interest income
4,304
8,165
-47.3%
14,296
26,315
-45.7%
Realised/unrealised gain/(loss) on liquid funds
(3,430)
(1,719)
NMF
(2,348)
(13,154)
NMF
Interest expense
(12,031)
(16,573)
-27.4%
(38,782)
(54,253)
-28.5%
Gross operating income/(loss)
42,504
21,892
94.2%
174,901
25,348
NMF
Operating expenses
(8,802)
(9,821)
-10.4%
(27,973)
(29,521)
-5.2%
GCAP net operating income/(loss)
33,702
12,071
NMF
146,928
(4,173)
NMF
Fair value changes of portfolio companies
Listed and observable portfolio companies
209,363
142,450
47.0%
265,746
(69,409)
NMF
Bank of Georgia Group PLC
Water Utility
209,363
142,450
47.0%
261,746
(83,017)
NMF
NMF
4,000
13,608
-70.6%
Private portfolio companies
Large Portfolio Companies
(88,102)
(4,563)
NMF
(10,095)
(292,391)
-96.5%
(94,155)
(25,140)
NMF
(36,745)
(189,065)
-80.6%
Of which, Retail (pharmacy)
(44,619)
6,209
NMF
(45,904)
(33,147)
38.5%
Of which, Hospitals
(44,549)
(45,819)
-2.8%
(51,955)
(141,588)
-63.3%
Of which, Insurance (P&C and Medical)
(4,987)
14,470
NMF
61,114
(14,330)
NMF
Investment Stage Portfolio Companies
(8,955)
5,965
NMF
7,842
(13,254)
NMF
Of which, Renewable energy
12,989
1,768
NMF
28,320
(234)
NMF
Of which, Education
(13,473)
7,286
NMF
(4,302)
28,028
NMF
Of which, Clinics and Diagnostics
(8,471)
(3,089)
NMF
(16,176)
(41,048)
-60.6%
Other businesses
15,008
14,612
2.7%
18,808
(90,072)
NMF
Total investment return
121,261
137,887
-12.1%
255,651
(361,800)
NMF
Income/(loss) before foreign exchange movements and non-
154,963
149,958
3.3%
402,579
(365,973)
NMF
recurring expenses
Provision
(103)
1,113
NMF
Net foreign currency loss/(gain)
(6,067)
11,024
NMF
Non-recurring expenses
(439)
(82)
NMF
(145)
6,605
(1,759)
402
NMF
26,183
-74.8%
(278)
NMF
Net income/(loss) (adjusted IFRS)
148,354
162,013
-8.4%
407,280
(339,666)
NMF
96
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