Investor Presentaiton
Periodic technical inspection business financial highlights
Statement of cash flow
GEORGIA
CAPITAL
Income statement
Balance sheet
GEL thousands, unless otherwise noted
2H19
1H19 Change
FY19
GEL thousands, unless otherwise noted
2H19
1H19
Change
FY19
GEL thousands, unless otherwise noted
Dec-19
Revenue
7,613
5,304
Costs of services
Gross profit
(2,111) (2,281)
43.5%
-7.5%
12,917
Operating revenue received
7,785
5,237
48.7%
13,022
Cash and cash equivalents
95
(4,392)
Salaries and benefits paid
(3,011)
(2,600)
15.8%
(5,611)
Accounts receivable
446
5,502
3,023
82.0%
8,525
Operating expenses paid
(1,867)
(2,620)
-28.7%
(4,487)
Premises and equipment, net
42,480
Salaries and other employee benefits
(1,513)
(955)
58.4%
(2,468)
Net cash flows from operating activities
2,907
17
Selling, general administrative expenses
(1,289)
(1,427)
-9.7%
(2,716)
Purchase of property and equipment
(1,347)
Net other operating income/ (expenses)
(51)
(28)
82.1%
(79)
Purchase of intangible assets
(23)
Total operating expenses
(2,853)
(2,410)
EBITDA
2,649
613
Depreciation expense
(882)
(644)
18.4%
NMF
37.0%
(5,263)
Loan Issued
(12,509)
(1,219)
22
3,262
(1,526)
Net cash flows from investing activities
Proceeds from borrowings
Amortization expense
(466)
(356)
30.9%
(822)
Repayment of borrowings
(1,370)
6,045
(4,855)
NMF
-89.2%
-98.1%
NMF
(13,706) -90.0%
39,238 -84.6%
(28,366) -82.9%
2,924
Intangible assets, net
8,202
(13,856)
(1,242)
Prepayments
1,101
Other Assets
1,525
22
Total assets
53,849
(15,076)
45,283
Borrowings
50,895
Finance lease liability
2,280
(33,221)
Accounts payable
34
Interest expense
(2,649)
(2,409)
10.0%
(5,058)
Interest paid
(2,339)
(2,131)
9.8%
(4,470)
Other Liabilities
2,006
Foreign exchange gain/(loss)
(487)
(210)
NMF
(697)
Issue of ordinary shares
5,000
NMF
5,000
Total liabilities
55,215
Non-recurring income / (costs)
(315)
NMF
(315)
Repayment of lease liabilities
(47)
(38)
23.7%
(85)
Share capital ordinary shares
4,999
Net profit
(1,835)
(3,321)
-44.7%
(5,156)
Interest paid on lease liabilities
(59)
(54)
9.3%
(113)
Retained earnings
(1,326)
Net cash flows from financing activities
Effect of exchange rates changes on cash
and cash equivalents
(1,255)
13,649
NMF
12,394
Net profit
(5,156)
(361)
(15)
NMF
(376)
Total equity
(1,483)
Non-controlling interest
117
Net increase in cash and cash equivalents
(79)
(55)
43.6%
Cash and cash equivalents, beginning
174
229
Cash and cash equivalents, ending
95
174
-24.0%
-45.4%
(134)
229
95
Total liabilities and equity
53,849
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