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Investor Presentaiton

Georgia Capital - consolidated balance sheet For the quarter ended GEL thousands unless otherwise noted Cash and cash equivalents Amounts due from credit institutions Debt securities owned Equity investments at fair value Accounts receivable Insurance premiums receivable Inventories Investment property Property and equipment Goodwill Intangible assets 31-Mar-18 528,697 31-Mar-17 359,629 y-o-y change (%) 47.0% 31-Dec-17 q-o-q change (%) 374,301 41.2% 37,667 174,248 (78.4%) 38,141 (1.2%) 45,233 2,197 NMF 31,906 41.8% 707,153 1,153 NMF 1,153 NMF 32,669 140,489 (76.7%) 35,446 (7.8%) 28,392 53,256 (46.7%) 30,854 (8.0%) 77,626 195,946 (60.4%) 80,108 (3.1%) 153,638 131,378 16.9% 155,367 (1.1%) 700,905 1,053,786 (33.5%) 661,176 6.0% 24,275 124,371 (80.5%) 21,925 10.7% 5,233 20,601 (74.6%) 5,455 (4.1%) Income tax assets 1,179 4,291 (72.5%) 1,374 (14.2%) Prepayments 105,803 74,168 42.7% 88,057 20.2% Other assets 189,768 79,972 137.3% 73,468 158.3% Assets of disposal group held for sale 1,202,765 NMF 1,165,182 3.2% Total assets 3,841,003 2,415,485 59.0% 2,763,913 39.0% Accounts payable 42,012 133,720 (68.6%) 46,479 (9.6%) Insurance contracts liabilities 43,103 71,620 (39.8%) 46,402 (7.1%) Borrowings 381,070 532,572 (28.4%) 377,501 0.9% Debt securities issued 732,401 335,773 118.1% 357,442 104.9% Income tax liabilities 545 1,662 (67.2%) 859 (36.6%) Deferred income Other liabilities Liabilities of disposal group held for sale Total liabilities 64,035 73,970 (13.4%) 73,066 (12.4%) 71,342 629,955 1,964,463 204,085 (65.0%) 63,470 12.4% NMF 619,026 1.8% 1,353,402 45.1% 1,584,245 24.0% Total equity attributable to shareholders of the Group 1,572,608 824,709 90.7% 874,788 79.8% Non-controlling interests Total equity Total liabilities and equity 303,932 237,374 28.0% 304,880 (0.3%) 1,876,540 1,062,083 76.7% 1,179,668 59.1% 3,841,003 2,415,485 59.0% 2,763,913 39.0% GEORGIA CAPITAL Page 75
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