Income statement
Consolidated statement of comprehensive income
For the year ended 31 December 2019
|
2019 £000 |
2018 £000 |
Continuing operations |
|
|
Income from portfolio investments at amortised cost |
199,094 | 193,932 |
Fair value gain on portfolio investments at FVTPL |
32,397 | 24,745 |
Impairment gains on portfolio investments at amortised cost |
12,714 | 50,727 |
Total income from portfolio investments |
244,766 | 269,404 |
Income from Asset Management and Servicing |
94,360 | 91,661 |
Other income |
392 | 731 |
Total income |
339,518 | 361,796 |
Operating expenses: |
|
|
Collection activity costs |
(109,798) | (119,041) |
Other operating expenses |
(123,902) | (135,972) |
Total operating expenses |
(233,700) | (255,013) |
Operating profit |
105,818 | 106,783 |
Finance income |
61 | 76 |
Finance costs |
(54,559) | (66,868) |
Profit before tax |
51,320 | 39,991 |
Taxation charge on ordinary activities |
(14,033) | (10,022) |
Profit after tax |
37,287 | 29,969 |
|
|
|
Other comprehensive income: |
|
|
Items that are or may be reclassified subsequently to profit or loss: |
|
|
FX translation difference arising on revaluation of foreign operations |
(7,077) | 1,370 |
Movement on hedging reserve |
161 | (241) |
Total comprehensive income |
30,371 | 31,098 |
|
|
|
Profit after tax attributable to: |
|
|
Owners of the Company |
35,223 | 29,969 |
Non-controlling interest |
2,064 | – |
|
|
|
Basic EPS (£) |
0.20 | 0.17 |
Diluted EPS (£) |
0.19 | 0.17 |
