Income statement
Consolidated statement of profit or loss and other comprehensive income
For the year ended 31 December 2020
|
2020 £000 |
2019 £000 |
Income from portfolio investments at amortised cost |
164,597 |
199,094 |
Fair value gain on portfolio investments at FVTPL |
4,976 |
32,397 |
Impairment (losses)/gains on portfolio investments |
(100,436) |
12,714 |
Income from real estate inventories |
492 |
561 |
Total income from portfolio investments |
69,629 |
244,766 |
Income from asset management and servicing and fund and investment management |
97,026 |
94,360 |
Gain on disposal of leases |
453 | - |
Other income |
384 | 392 |
Total income |
167,492 |
339,518 |
Operating expenses: |
||
Collection activity and fund management costs |
(130,572) |
(131,527) |
Other operating expenses |
(94,248) |
(102,173) |
Total operating expenses |
(224,820) |
(233,700) |
Operating (loss)/profit |
(57,328) |
105,818 |
Finance income |
61 | 61 |
Finance costs |
(57,556) |
(54,559) |
(Loss)/profit before tax |
(114,823) |
51,320 |
Taxation credit/(charge) on ordinary activities |
21,206 |
(14,033) |
(Loss)/profit after tax |
(93,617) |
37,287 |
|
||
Other comprehensive income: |
||
Items that are or may be reclassified subsequently to profit or loss: |
||
Foreign exchange translation difference arising on revaluation of foreign operations |
6,741 |
(7,077) |
Movement on hedging reserve |
356 | 161 |
Total comprehensive (loss)/income |
(86,520) |
30,371 |
|
||
(Loss)/profit after tax attributable to: |
||
Owners of the Company |
(92,829) |
35,223 |
Non-controlling interest |
(788) |
2,064 |
|
(93,617) |
37,287 |
Comprehensive (loss)/income attributable to: |
|
|
Owners of the Company |
(85,732) |
28,307 |
Non-controlling interest |
(788) |
2,064 |
(86,520) |
30,371 |
|
Basic EPS (£) |
(0.52) |
0.20 |
Diluted EPS (£) |
(0.52) |
0.19 |
