Portfolio and Acquisitions Summary 2019
FY19 FY18 Change
93,556 92,229
39,728 39,585 0.4%
20,216 9,052
3,562 2,741
Water utility business financial highlights
Income statement
GEL thousands, unless otherwise noted
Revenue from water supply to legal entities
Revenue from water supply to individuals
Revenue from electric power sales
Revenue from technical support
Other income
Revenue
Salaries and benefits
Electricity and transmission costs
Other operating expenses
Operating expenses
Provisions for doubtful trade receivables
EBITDA
EBITDA Margin
Depreciation and amortization.
EBIT
EBIT Margin
Net interest expense
Net non-recurring income/ (expenses)
Foreign exchange (loss) gain
EBT
Profit
6,392 5,520
163,454 149,127
(20,249) (18,616)
(16,810) (18,695) -10.1%
(23,995) (23,407) 2.5%
(61,054) (60,718) 0.6%
(7,325) (5,033) 45.5%
95,075 83,376 14.0%
58.2% 55.9% 2.3ppts
(31,188) (23,681) 31.7%
63,887 59,695 7.0%
39.1% 40.0% -0.9ppts
(24,184) (14,086) 71.7%
1,104 (6,121) NMF
(7,586) (4,970) 52.6%
33,221 34,518 -3.8%
33,221 34,518 -3.8%
Interest paid
Dividend paid
Contributions under share-based payment plan
Total cash flow from financing activities
Effect of exchange rates changes on cash
Total cash (outflow)/inflow
Cash, beginning balance
Cash, ending balance
GEORGIA
CAPITAL
Statement of cash flow
Balance sheet
GEL thousands, unless otherwise noted
FY19
FY18 Change
GEL thousands, unless otherwise noted
FY19
FY18 Change
1.4%
Cash received from customers
159,598
Cash paid to suppliers
NMF
Cash paid to employees
30.0%
Interest received
15.8%
Taxes paid
(6,514)
9.6%
Cash flow from operating activities before
98,973
maintenance capex
8.8%
Maintenance capex
(22,580)
144,468 10.5%
(37,452) (38,906) -3.7%
(18,694) (17,627) 6.1%
2,035
480 NMF
(6,829) -4.6%
21.3%
81,586
(22,541) 0.2%
Inventories
Trade and other receivables
Prepayments
3,703 1,647
3,799 3,913 -2.9%
22,357 19,657 13.7%
NMF
Other current assets
Cash and cash equivalents
Total current assets
Property, plant and equipment
Investment Property
57 1,901 -97.0%
26,581 13,713 93.8%
56,497
40,831 38.4%
522,702 461,385 13.3%
Operating cash flow
76,393
59,045 29.4%
Purchase of PPE and intangible assets
(76,234)
Proceeds from PPE and investment property sale
CAPEX VAT
7,454
(148,453) -48.6%
2,028
8,324
14,801
NMF
-43.8%
Restricted cash in Bank
897
6,533
Total cash used in investing activities
Proceeds from borrowings
(59,559)
137,252
Repayment of borrowings
(88,593)
(25,472)
(22,000)
(4,501)
(3,314)
(652)
12,868
13,713
26,581
-86.3%
(125,091)
-52.4%
71,628
91.6%
(738) NMF
(20,440) 24.6%
(28,840) -23.7%
(2,307) 95.1%
19,303 NMF
(1,507) -56.7%
(48,250) NMF
61,963 -77.9%
13,713 93.8%
Other non-current liabilities
Total non-current liabilities
Total liabilities
Total equity
Intangible assets
Other non-current assets
Total non-current assets
Total assets
Current borrowings
Trade and other payables
Other current liabilities
Total current liabilities
Long term borrowings
Deferred income
Total liabilities and equity
534,539 473,587
591,036 514,418 14.9%
25,954 20,170 28.7%
20,868 24,287 -14.1%
3,463 1,356 NMF
50,285 45,813 9.8%
353,021 300,076 17.6%
29,333 22,869
102
382,456 322,968 18.4%
432,741 368,781 17.3%
158,295 145,637 8.7%
591,036 514,418 14.9%
8,641
1,954 1,271
9,865 -12.4%
53.7%
1,242 1,066 16.5%
12.9%
22
28.3%
NMF
Page 87View entire presentation