Investor Presentaiton
Georgia Capital - consolidated income statement
GEORGIA
CAPITAL
Quarterly income statement
GEL thousands unless otherwise noted
Utility and energy revenue
Cost of utility and energy
Gross utility and energy profit
Net insurance premiums earned
Net insurance claims incurred
Gross insurance profit
Real estate revenue
Cost of real estate
Gross real estate profit
Beverage revenue
Cost of beverage
Gross beverage profit
Other income
Gross profit
Salaries and other employee benefits
Administrative expenses
Other operating expenses
Impairment charge
EBITDA
Depreciation and amortisation
1Q18
1Q17
y-o-y change (%)
4Q17
q-o-q change (%)
30,654
27,236
12.5%
33,286
(7.9%)
(9,804)
(9,709)
1.0%
(10,417)
(5.9%)
20,850
17,527
19.0%
22,869
(8.8%)
12,943
12,527
3.3%
13,512
(4.2%)
(6,091)
(5,637)
8.1%
(7,207)
(15.5%)
6,852
6,890
(0.6%)
6,305
8.7%
29,207
19,781
47.7%
32,982
(11.4%)
(25,270)
(17,192)
47.0%
(27,209)
(7.1%)
3,937
2,589
52.1%
5,773
(31.8%)
12,516
7,145
75.2%
14,615
(14.4%)
(8,045)
(4,828)
66.6%
(7,506)
7.2%
4,471
2,317
93.0%
7,109
(37.1%)
1,672
1,528
9.4%
2,502
(33.2%)
37,782
30,851
22.5%
44,558
(15.2%)
(11,053)
(6,259)
76.6%
(10,427)
6.0%
(9,882)
(7,456)
32.5%
(11,824)
(16.4%)
(575)
(176)
NMF
(424)
35.6%
(2,005)
(104)
NMF
(618)
NMF
14,267
16,856
(15.4%)
21,265
(32.9%)
(8,972)
(5,598)
60.3%
(9,056)
(0.9%)
Net foreign currency gain (loss)
5,878
5,771
1.9%
(5,797)
NMF
Interest income
3,934
2,532
55.4%
4,088
(3.8%)
Interest expense
(9,524)
(6,770)
40.7%
(8,969)
6.2%
Net operating income before non-recurring items
5,583
12,791
(56.4%)
1,531
NMF
Net non-recurring items
(156)
113
NMF
(460)
(66.1%)
Profit before income tax expense from continuing operations
5,427
12,904
(57.9%)
1,071
NMF
Income tax expense
(693)
(687)
0.9%
Profit (loss) from continuing operations¹
4,734
12,217
(61.3%)
(1,666)
(595)
(58.4%)
NMF
Profit from discontinued operations
24,641
12,829
92.1%
12,270
100.8%
Profit
Attributable to:
29,375
25,046
17.3%
11,675
151.6%
-shareholders of the Group
17,168
17,791
(3.5%)
7,042
143.8%
-non-controlling interests
12,207
7,255
68.3%
4,633
163.5%
Page 74
(1) Profit from discontinued operations includes GEL 7.7min reversal of GHG's depreciation expense in line with IFRS requirements, GHG's underlying profit was GEL 16mlnView entire presentation