Business
BOGG PLC 4Q23 & FY23 Preliminary Results
BOGG PLC 4Q23 & FY23 Preliminary Results.
About this update from Lion Finance Group Plc
[{"type":"text","content":"\n\n\n\n \n\n4Q23 AND FY23 FINANCIAL HIGHLIGHTS\nDue to the settlement of a legacy claim, the fair value revaluation of the receivable resulted in a one-off other income of GEL 1.5 million posted in 4Q23 and one-off other income of GEL 22.6 for FY23. Net other income has been adjusted for these one-offs. Due to the settlement of the same legacy claim, 4Q22 and FY22 net other income was adjusted for a one-off GEL 391.1 million. The entire legacy claim amount has already been settled. 4Q22 and FY22 income tax expense was adjusted for a one-off GEL 79.3 income tax expense due to an amendment to the corporate taxation model in Georgia. As a result, ROAA and ROAE were adjusted for both one-off other income and one-off income tax expense where applicable and Cost:income ratios were adjusted for one-off other income where applicable. Comparisons given in text are with adjusted figures of respective periods. You can see the unadjusted P&L on page 18 and the unadjusted ratios on page 19.\n\n\n\n\nGEL thousands\n\n\n4Q23\n\n\n4Q22\n\n\nChange\ny-o-y\n\n\n3Q23\n\n\nChange\nq-o-q\n\n\n\n\n\nFY23\n\n\nFY22\n\n\nChange\ny-o-y\n\n\n\n\nINCOME STATEMENT HIGLIGHTS\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet interest income \n\n\n427,661\n\n\n334,645\n\n\n27.8%\n\n\n419,976\n\n\n1.8%\n\n\n\n\n\n1,615,446\n\n\n1,182,335\n\n\n36.6%\n\n\n\n\nNet fee and commission income \n\n\n114,066\n\n\n97,932\n\n\n16.5%\n\n\n118,949\n\n\n-4.1%\n\n\n\n\n\n434,482\n\n\n317,491\n\n\n36.8%\n\n\n\n\nNet foreign currency gain\n\n\n97,251\n\n\n125,395\n\n\n-22.4%\n\n\n97,790\n\n\n-0.6%\n\n\n\n\n\n365,711\n\n\n466,094\n\n\n-21.5%\n\n\n\n\nNet other income\n\n\n18,260\n\n\n26,930\n\n\n-32.2%\n\n\n5,738\n\n\n218.2%\n\n\n\n\n\n114,735\n\n\n36,092\n\n\n217.9%\n\n\n\n\nOperating income\n\n\n657,238\n\n\n584,902\n\n\n12.4%\n\n\n642,453\n\n\n2.3%\n\n\n \n\n\n2,530,374\n\n\n2,002,012\n\n\n26.4%\n\n\n\n\nOperating expenses \n\n\n(225,205)\n\n\n(181,062)\n\n\n24.4%\n\n\n(185,314)\n\n\n21.5%\n\n\n\n\n\n(754,053)\n\n\n(641,186)\n\n\n17.6%\n\n\n\n\nProfit from associates\n\n\n254\n\n\n128\n\n\n98.4%\n\n\n302\n\n\n-15.9%\n\n\n\n\n\n1,456\n\n\n754\n\n\n93.1%\n\n\n\n\nOperating income before cost of risk\n\n\n432,287\n\n\n403,968\n\n\n7.0%\n\n\n457,441\n\n\n-5.5%\n\n\n \n\n\n1,777,777\n\n\n1,361,580\n\n\n30.6%\n\n\n\n\nCost of ri...