Income statement

Consolidated statement of comprehensive income

For the year ended 31 December 2018


 

2018

£000

2017

£000

Continuing operations

Income from portfolio investments at amortised cost

193,932​

179,538​

Fair value gain on portfolio investments at FVTPL

24,745​

5,298

Impairment gains on portfolio investments at amortised cost​*

50,727​

63,081​

Total income from portfolio investments

269,404​

247,917

Income from Asset Management and Servicing

91,661​

71,098

Other income​

731

Total income

361,796​

319,015

Operating expenses:

Collection activity costs

(119,041)​

(118,468)

Other operating expenses

(135,972)​

(94,603)

Total operating expenses

(255,013)​

(213,071)

Operating profit

106,783​

105,944

Finance income

76​

9

Finance costs

(66,868)​

(71,669)

Share of profit in associate net of tax

–​

1,578

Gain on sale of associate

–​

14,697

Profit before tax

39,991​

50,559

Taxation charge on ordinary activities

(10,022)​

(10,644)

Profit after tax

29,969​

39,915

Other comprehensive income:

Items that are or may be reclassified subsequently to profit or loss:

FX translation difference arising on revaluation of foreign operations

1,370​

2,431

Movement on hedging reserve

(241)​

289

Items that will not be reclassified to profit or loss:

Remeasurements of the defined benefit liability

–​

(25)

Total comprehensive income

31,098​

42,610

Profit after tax attributable to:

Owners of the Company

29,969​

39,871

Non-controlling interest

–​

44

29,969​

39,915

Basic EPS (£)

0.17​

0.23

Diluted EPS (£)

0.17​

0.22