Georgia Capital Financial Highlights
Georgia Capital FY19 Performance (management accounts)
GEORGIA
CAPITAL
Income Statement
Cash flow, Georgia Capital stand-alone
GEL '000, unless otherwise noted
FY19
FY18
Change
GEL thousands unless otherwise noted
FY19
FY18
Change
Dividend income
122,219
72,504
68.6%
Dividends received
72,876
72,446
0.6%
Interest income
39,044
35,282
10.7%
Interest received
39,853
27,909
42.8%
Realised/unrealised (loss)/ gain on liquid funds
9,547
(5,984)
NMF
Interest paid
(51,923)
(45,838)
13.3%
Interest expense
(55,071)
(44,711)
23.2%
Cash inflow from Operations before operating expenses
60,806
54,517
11.5%
Gross operating income
115,739
57,091
NMF
GCAP operating expenses
(19,280)
(10,513)
83.4%
Operating expenses
(34,391)
(18,689)
84.0%
Cash inflow from operations
41,526
44,004
-5.6%
GCAP net operating income
81,348
38,402
NMF
Capital allocations
(188,842)
(85,048)
NMF
Fair value changes of portfolio companies
Listed portfolio companies
(62,869)
(661,655)
-90.5%
Loans (Issued)/Repaid
164,407 (275,102)
NMF
Of which, Georgia Healthcare Group PLC
(203,109)
(413,148)
-50.8%
of which, Loans to portfolio companies
52,370 (153,187)
NMF
Of which, Bank of Georgia Group PLC
140,240
(248,507)
NMF
of which, Loans to third parties
Private portfolio companies
Late Stage
Of which, Water Utility
Of which, Housing Development
Of which, P&C Insurance
75,021
(94,058)
NMF
Cash outflow on buybacks
112,037 (121,915)
(124,737) (87,414)
NMF
42.7%
63,722
(86,944)
NMF
of which, management trust
52,953
(67,164)
NMF
of which, Staff ESOP
(23,630)
(8,824)
NMF
of which, Buyback programme
(46,685)
(2,588)
(75,464)
(42,628)
9.5%
NMF
(44,786)
68.5%
34,399
(10,956)
NMF
Early Stage
(5,098)
(6,682)
-23.7%
(Purchase)/Sale of PPE
32
(924)
NMF
Of which, Renewable energy
4,700
NMF
Fees paid
(5,750)
NMF
Of which, Hospitality & Commercial Real Estate
9,918
40,515
-75.5%
Of which, Beverages
(15,016)
(51,897)
-71.1%
Cash outflow/inflow from financing activities
467,434
NMF
Pipeline businesses
16,397
(432)
NMF
Proceeds from debt securities issued
715,729
NMF
Of which, Auto Service
17,056
(1,326)
NMF
Repayment of borrowings from former Parent company
(248,295)
NMF
Of which, other
(659)
894
NMF
Total investment return
12,152
(755,713)
NMF
Demerger related outflows
(587)
(32,597)
-98.2%
FX Effect & Fair valuation
Income before foreign exchange movements
Net cash flow
93,500
(717,311)
NMF
and non-recurring expenses
Beginning cash and liquid funds
Net foreign currency loss
(20,967)
(25,371)
-17.4%
Ending cash and liquid funds
26,190
(87,761)
299,650 264,546
211,889 299,650
4,751
NMF
35,104
NMF
13.3%
-29.3%
Non-recurring expenses
(982)
(23,449)
NMF
Net Income
71,551
(766,131)
NMF
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