Georgia Capital PLC Financial and Operational Report
NET CAPITAL COMMITMENT (NCC) OVERVIEW
NCC RATIO IMPROVED BY 8.5 PPTS
Y-O-Y AND 1.5 PPTS Q-O-Q TO
15.9% AS AT 30-SEP-23
A 1.5 ppts decrease in the NCC ratio in 3Q23 reflects:
US$ Million
Cash and liquid funds
Loans issued
Accrued dividend income
Gross debt
Net debt (1)
Guarantees issued (2)
•
A 50.5% decrease in gross debt.
• A 1.2% increase in the portfolio value.
•
•
A 50.2% decrease in loans issued balance due to the full
repayment of the previously issued loan to our auto
services business.
A US$ 1.6 million decrease in GCAP's bank guarantee on
the borrowings of the beer business, following which the
guarantees issued balance was reduced to zero.
GEORGIA
CAPITAL
30-Sep-22
Change
(y-o-y)
30-Jun-23
Change
(q-o-q)
Now
30-Sep-23
133.9
-72.0%
153.2
89.3
-96.3%
6.7
NMF
(362.9)
-58.5%
20.2
(304.2) -50.5%
-75.5%
-50.2%
NMF
37.5
3.3
(150.6)
(139.7)
(6.2)
-21.4%
NMF
(124.1)
-11.5%
(109.8)
Net debt and guarantees issued (3)=(1)+(2)
(145.9)
-24.7%
Planned investments (4)
(52.6)
-10.1%
(1.6)
(125.7) -12.6%
(47.3)
NMF
(109.8)
(47.3)
of which, planned investments in Renewable Energy
(30.1)
-3.3%
(29.1)
(29.1)
of which, planned investments in Education
(22.6)
-19.0%
(18.3)
(18.3)
Announced Buybacks (5)
Contingency/liquidity buffer (6)
(50.0)
(50.0)
(50.0)
Total planned investments, announced buybacks and
contingency/liquidity buffer (7)=(4)+(5)+(6)
(102.6)
-5.2%
(97.3)
(97.3)
Net capital commitment (3)+(7)
(248.6)
-16.6%
(223.1)
-7.1%
(207.2)
Portfolio value¹
1,017.6
27.7%
1,283.8
1.2%
1,299.0
NCC ratio
24.4%
-8.5 ppts
17.4%
-1.5 ppts
15.9%
Georgia Capital PLC | 1. Portfolio value as at 30-Sep-22 includes US$ 10 million shareholder loan provided to Renewable Energy, which was converted into equity in 4Q22.
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