Georgia Capital - Financial Overview and Investment Opportunities
Investment company basis management accounts
GEORGIA
CAPITAL
Balance Sheet Highlights
Corporate
GEL thousands unless otherwise noted
Cash and liquid funds
Loans issued
Preferred stock
Investment portfolio value
June
30-Jun-18
352,002
December
31-Dec-17 Change %
264,546
Portfolio valuation
Management Adjusted
Value
30-Jun-18
Average of Analyst
Valuations
30-Jun-18
33.1%
252,488
NMF Listed Equity Investments
43,064
32,182
33.8%
1,765,044
1,478,806
19.4%
Georgia Healthcare Group PLC
Bank of Georgia Group PLC
608,502
930,760
594,069
711,197
of which: Listed Investments
1,202,571
933,481
28.8%
Georgia Healthcare Group PLC (LSE closing price)
608,502
933,481
-34.8% Private Investments
Bank of Georgia Group PLC (LSE closing price)
594,069
NMF
Water Utility (at book)
282,319
552,414
of which: Private Investments
Water Utility (at book)
Renewable energy (at book)
Housing Development (at book)
Commercial and Hospitality
Beverages (at book)
P&C Insurance (at book)
Other
Goodwill
Other Assets
Total assets
Debt securities issued
Borrowings
Other Liabilities
Total liabilities
562,473
545,325
3.1%
Renewable energy (at book)
53,572
282,319
267,923
5.4%
Housing Development (at NAV)
68,530
170,760
19,623
17,290
13.5%
Commercial and Hospitality
78,700
68,530
75,609
-9.4%
Beverage (at book)
84,960
87,114
78,700
78,142
0.7%
P&C Insurance (at book)
48,869
178,690
60,514
57,509
5.2%
Other
6,259
46,528
48,852
6,259
-4.8% Total Portfolio value
NMF Net debt*
1,825,780
2,630,935
(128,771)
(128,771)
13,831
6,208
2,432,637
733,261
8,469
579
1,784,582
63.3%
Net other assets/(liabilities)*
NMF Net asset value*
(9,839)
1,687,170
36.3% Shares outstanding*
36,912,664
(9,839)
2,492,325
36,912,664
NMF Net asset value per share (GEL)*
NAV
12,206
745,466
1,687,170
272,279
1,227
273,506
1,511,076
NMF Net asset value per share (GBP)*
45.71
14.06
67.52
20.77
NMF
NMF
11.7%
*Figures are stated as at 30 June 2018
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