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​