Bank of Georgia Financial Analysis
BANK OF GEORGIA GROUP INCOME STATEMENT
Bank of Georgia Group Consolidated
GEL thousands, unless otherwise noted
4Q18
4Q17
Change
y-o-y
3Q18
Change
9-0-9
4Q18
4Q17
Banking Business
Change
y-o-y
3Q18
Change
q-o-q
4Q18
4Q17
Discontinued Operations
Change
y-o-y
Interest income
Interest expense
Net interest income
Fee and commission income.
Fee and commission expense
Net fee and commission income
Net foreign currency gain
Net other income
Revenue
345,760 310,589
(158,322) (127,091)
187,438 183,498
62,350
53,290
(21,006)
(16,807)
25.0%
41,344
36,483
13.3%
53,358
28,139
89.6%
(expense)
(9,073)
12,708
Salaries and other employee benefits
Administrative expenses
Other operating expenses
Depreciation and amortisation
Operating expenses
(100,857)
Profit from associates
318
Operating income before cost of risk
172,528
273,067 260,828
(58,331) (55,144)
(30,010) (31,760)
(11,365) (10,514)
(1,151) (1,194)
(98,612)
255
162,471
Expected credit loss/ impairment charge on loans
to customers
(25,783)
(41,911)
2.3%
24.7%
6.2%
-38.5%
11.3% 337,766 2.4%
24.6% (152,431) 3.9%
2.1% 185,335 1.1%
17.0% 60,413 3.2%
0.4%
4.7%
44.9%
NMF
7,437
NMF
4.7% 269,080 1.5%
5.8%
(54,107) 7.8%
-5.5% (30,759) -2.4%
8.1% (11,162) 1.8%
-3.6%
(1,109) 3.8%
(97,137) 3.8%
326 -2.5%
172,269 0.2%
(43,505) -40.7%
(20,932)
39,481
36,827
345,760 312,950 10.5% 337,766 2.4%
(158,322) (129,826) 21.9% (152,431) 3.9%
187,438 183,124 2.4% 185,335
62,350 53,739 16.0%
(21,006) (17,001) 23.6%
41,344 36,738 12.5%
53,358 27,464
(9,073) 12,986
273,067 260.312
1.1%
60,413
3.2%
(20,932)
0.4%
39,481
4.7%
94.3%
36,827
44.9%
NMF
7,437
NMF
4.9% 269,080
1.5%
(58,331) (55,789) 4.6% (54,107) 7.8%
(30,010) (32,245) -6.9% (30,759)
(11,365) (10,514)
(1,151) (1,194)
(100,857) (99,742)
318
255
172,528 160,825
(25,783) (41,911)
-2.4%
Eliminations
3Q18
Change
q-o-q
4Q18
4Q17 3Q18
(2,361)
2,735
374
(449)
194
(255)
675
(278)
516
645
485
8.1% (11,162)
-3.6%
1.1%
24.7%
1.8%
(1,109)
3.8%
(97,137)
3.8%
326
-2.5%
7.3% 172,269
0.2%
1,130
1,646
-38.5% (43,505) -40.7%
Expected credit loss/ impairment charge on finance
lease receivables
514
492
4.5%
(426) NMF
514
492
4.5%
(426) NMF
Other expected credit loss/ impairment charge on
other assets and provisions
(15,509) (1,009)
Income tax expense
Cost of risk
Profit before non-recurring items and income tax
Net non-recurring items
Profit before income tax
Profit from continuing operations
Profit from discontinued operations
Profit
Attributable to:
(40,778)
131,750
(6,586)
125,164
(10,348)
114,816
(42,428)
120,043
NMF
-3.9%
9.8%
(4,176) NMF
(48,107) -15.2%
124,162 6.1%
114,816
(213)
119,830
(11,050)
108,780
10,029
118,809
NMF
(3,747) 75.8%
4.5%
-6.4%
5.5%
NMF
-3.4%
120,415 3.9%
(9,316) 11.1%
111,099 3.3%
(15,509) (1,009) NMF (4,176) NMF
(40,778) (42,428) -3.9% (48,107) -15.2%
131,750 118,397 11.3% 124,162 6.1%
(6,586) (213) NMF (3,747)
125,164 118,184 5.9% 120,415
(10,348) (11,050) -6.4% (9,316) 11.1%
114,816 107,134 7.2% 111,099
1,646
75.8%
3.9%
1,646
3.3%
1,646
11,675
NMF
(1,646)
111,099
3.3%
114,816
107,134
7.2%
111,099
3.3%
11,675
NMF
- shareholders of the Group
- non-controlling interests
114,240
576
113,729
5,080
0.4%
-88.7%
110,651
448
3.2%
28.6%
114,240
576
106,687
447
7.1%
28.9%
110,651
448
3.2%
7,042
NMF
28.6%
4,633
NMF
Profit from continuing operations attributable to:
- shareholders of the Group
114,240
- non-controlling interests
576
108,333
447
5.5%
28.9%
110,651 3.2%
448 28.6%
114,240
576
106,687
447
7.1%
28.9%
110,651
3.2%
1,646
448
28.6%
Profit from discontinued operations attributable to:
- shareholders of the Group
5,396
NMF
- non-controlling interests
4,633
NMF
7,042
NMF
(1,646)
4,633
NMF
Earnings per share (basic)
2.40
3.05
-21.3%
earnings per share from continuing operations
2.40
2.91
- earnings per share from discontinued operations
0.14
-17.5%
NMF
2.32 3.4%
2.32 3.4%
Earnings per share (diluted)
2.40
2.90
- earnings per share from continuing operations
- earnings per share from discontinued operations
2.40
2.77
0.13
-17.2%
-13.4%
NMF
2.32 3.4%
2.32 3.4%
BANK OF GEORGIA
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