Georgian Water and Power LLC- Financial statements for the year ended 31 December 2018

Statement of financial position- Balance Sheet

Assets Note 31 Dec, 2018

Non-current assets:
PP&E 7 494947
Investment property 8 8644
Restructured trade receivables 11 184
Loans issued 29 45493
Other non-current assets 9 1874
Total noncurrent assets: 551142
Current assets:
Inventories 10 3218
Trade and other receivables 11 18972
Loans issued 29 1012
Current income tax asset 0
Prepaid taxes and other than income tax 0
Prepayments 977
Derivative financial assets 24 0
Restricted cash 28 877
Cash at bank 28 9363
Total current assets: 34419
Total assets: 585561

Equity
Charter capital 12 91719
Additional paid-in capital 12 10657
Accumulated deficit (7855.00)
Revaluation reserve 12 171224
other reserves 12 (7545.00)
Total equity 258200

Liabilities
Noncurrent liabilities:
Borrowings 13 260219
Deferred revenue 15 17789
Total noncurrent liabilities: 278008
Current liabilities:
Borrowings 13 18566
Advances received 15 7557
Trade and other payables 14 16375
Deferred revenue 15 3577
derivative financial liabilities 24 1777
Provisions for liabilities and charges 494
other taxes payable 1007
Total current liabilities: 49353
Total liabilities: 327361
Total liabilities and equity: 585561
ded 31 December 2018

31 Dec, 2017

397332
10138
111
49531
6974
464086

3033
23062
1221
61
2929
1289
449
7653
37049
76746
540832

110559
2783
(29805.00)
171224
(5238.00)
249523

242414
14818
257232

946
8310
18292
3137
 0
417
2975
34077
291309
540832
 Statement of profit or loss and other comprehensive income

Note 2018 2017

revenue from water supply 16 118679 107766
Revenue from electric power sales 6061 6423
other revenue 17 4675 4525
Total revenue: 129415 118714
Salaries and other employee benefits 18 (17218.00) (17460.00)
Electricity and transmission costs 4 (13226.00) (12962.00)
Allowance for expected credit losses 11 (4064.00) (656.00)
Taxes and other than income tax (3753.00) (3339.00)
G&Adm expenses 19 (3464.00) (3473.00)
Professional fees 20 (2391.00) (2279.00)
Maintenance expenditure (2135.00) (3116.00)
Raw materials, fuel and other consumables (2011.00) (2590.00)
(Charge for)/ reversal of provisions and legal claims (231.00) 2
Other income: 21 3404 1738
Other operating expenses: 22 (16328.00) (10892.00)
(61417.00) (55027.00)
EBITDA 67998 63687.00
Finance income 8364 5049
Finance costs 23 (15983.00) (13793.00)
Net foreing exchange losses (3804.00) (695.00)
depr.Amortization 7, 9 (22526.00) (17771.00)
Non-recurring expenses 26 (6034.00) (1709.00)
Profit before income tax expense 28015.00 34768.00
Income tax expense 0.00 0.00
Profit for the year 28015.00 34768.00
other comprehensive income 0.00 0.00
Total comprehensive income for the year, net of tax 28015.00 34768.00