Geo

Profit and Loss

Consolidated Statement of Comprehensive Income (Audited)

These statements have been prepared based on the Consolidated Financial Statements in accordance with IFRS, and is an integral part of it.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME31 December, 2017
GEL "000
Interest income84,858
Interest expense(32,131)
NET INTEREST INCOME52,727
Provision for loan impairment(4,911)
NET INTEREST INCOME AFTER PROVISION FOR LOAN IMPAIRMENT47,816
Fee and commission income10,204
Fee and commission expenses(5,174)
Net gain from trading in foreign currency9,520
Net foreign exchange translation gain(3,160)
Personnel expenses(13,177)
Other administrative expenses(25,137)
Other operating Income3,418
Other operating expense(1,508)
PROFIT BEFORE INCOME TAX22,802
Income tax expense(141)
PROFIT AND TOTAL COMPREHENSIVE INCOME FOR THE YEAR22,661