P&C Insurance and Beverages Business Financial Overview
Water utility business financial highlights
Income statement
GEORGIA
CAPITAL
Statement of cash flow
Balance sheet
GEL thousands, unless otherwise noted
FY19 FY18 Change
GEL thousands, unless otherwise noted
FY19
FY18 Change
GEL thousands, unless otherwise noted
FY19
FY18 Change
Revenue from water supply to legal entities
Revenue from water supply to individuals
Revenue from electric power sales
93,556 92,229
39,728
39,585
20,216 9,052
1.4%
0.4%
Cash received from customers
159,598
Cash paid to suppliers
NMF
Cash paid to employees
144,468
(37,452) (38,906)
(18,694) (17,627)
10.5%
-3.7%
Inventories
Trade and other receivables
6.1%
Prepayments
3,703 1,647
3,799 3,913 -2.9%
22,357 19,657 13.7%
NMF
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
3,562 2,741
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
Total cash flow from financing activities
Effect of exchange rates changes on cash
Total cash (outflow)/inflow
Cash, beginning balance
Cash, ending balance
30.0%
Interest received
2,035
15.8%
Taxes paid
(6,514)
480
(6,829) -4.6%
NMF
Other current assets
57 1,901 -97.0%
Cash and cash equivalents
26,581 13,713 93.8%
9.6%
Cash flow from operating activities before
98,973
81,586
21.3%
Total current assets
56,497 40,831
38.4%
maintenance capex
8.8%
Maintenance capex
(22,580)
(22,541) 0.2%
Property, plant and equipment
Investment Property
522,702 461,385
13.3%
8,641 9,865 -12.4%
Operating cash flow
76,393
59,045 29.4%
Intangible assets
1,954 1,271
53.7%
Purchase of PPE and intangible assets
(76,234)
(148,453) -48.6%
Proceeds from PPE and investment property sale
CAPEX VAT
7,454
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)
Contributions under share-based payment plan
(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
Total liabilities and equity
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
12.9%
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%
1,242 1,066 16.5%
534,539 473,587
591,036 514,418
28.3%
22
NMF
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