Georgia Capital Portfolio Overview
3. Operating
expenses
4a. Net interest
income
GCAP Income Statement (Management accounts) | 1H19
Income statement highlights
Income statement
GEL thousands unless otherwise noted
GEORGIA
CAPITAL
1H19
Dividend income
36,932
Interest income
21,868
GEL millions
1H19
Realised/unrealised gain on liquid funds
Interest expense
5,297
(25,892)
Gross operating income
38,205
Operating expenses
(16,609)
GCAP net operating income
22
GCAP net operating income
21,596
Fair value changes of portfolio companies
Listed portfolio companies
216,885
Total investment return
310
Of which, Georgia Healthcare Group PLC
Of which, Bank of Georgia Group PLC
Private portfolio companies
141,081
75,804
92,770
Late Stage
71,684
Of which, Water Utility
28,689
Net income
306
Of which, Housing Development
12,109
Of which, P&C Insurance
30,886
Early Stage
5,424
Of which, Renewable Energy
Of which, Hospitality & Commercial Real Estate
7,087
Of which, Beverages
(1,663)
GEL 37 million dividend inflows from our portfolio
businesses, while net interest income was positive for
the first time at the GCAP level.
Pipeline businesses
15,662
Of which, Auto Service
15,662
Total investment return
309,655
Income before foreign exchange movements
Net foreign currency loss
331,251
(25,624)
Net Income
305,627
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