Separate Statement of Financial Position As at 31 December 2018 (thousands of Georgian Lari) Notes 2018 2017 Assets Cash and cash equivalents 7 1,748 – Investments in subsidiaries 2 4,981,658 – Other assets 10 175 Total assets 4,983,416 175 Liabilities Interest-bearing loans and borrowings 17 1,522,165 Other liabilities 179 – Total liabilities 1,522,344 – Equity Share capital 20 1,618 172 Additional paid-in capital 599,084 – Retained earnings 2,815,409 3 Net profit for the period 44,961 – Total equity 3,461,072 175 Total liabilities and equity 4,983,416 175 The financial statements on pages 166 to 283 were approved by the Board of Directors on and signed on its behalf by: Archil Gachechiladze Chief Executive Officer 27 March 2019 Bank of Georgia Group PLC Registered No. 10917019 The accompanying Notes on pages 177 to 283 are an integral part of these financial statements. 174 Annual Report 2018Bank of Georgia Group PLC