Strategic Report Strategic Report Strategic Report Financial Additional Overview Strategy Performance Governance Statements Information 6. Segment Information continued The following table presents the income statement and certain asset and liability information regarding the Group’s operating segments as at and for the year ended 31 December 2017: Investment Banking Business Business Corporate Other Banking Inter– Retail Investment Banking Business Banking Investment Business Group Banking Banking BNB Business eliminations Business Business eliminations total Net interest income 480,955 156,171 29,397 5,543 34 672,100 – 435 672,535 Net fee and commission income 99,790 22,717 9,336 (369) – 131,474 – (1,424) 130,050 Net foreign currency gain 28,937 46,276 10,852 (5) – 86,060 – (6,954) 79,106 Net other income 5,029 14,256 1,774 (2) (1,356) 19,701 – (1,056) 18,645 Revenue 614,711 239,420 51,359 5,167 (1,322) 909,335 – (8,999) 900,336 Operating expenses (235,152) (76,658) (29,665) (2,783) 1,322 (342,936) – 4,138 (338,798) Profit from associates 1,311 – – – – 1,311 – – 1,311 Operating income (expense) before cost of risk 380,870 162,762 21,694 2,384 – 567,710 – (4,861) 562,849 Cost of risk (110,800) (47,403) (9,093) – – (167,296) – – (167,296) Net operating income (loss) before non-recurring items 270,070 115,359 12,601 2,384 – 400,414 – (4,861) 395,553 Net non-recurring items (2,358) (1,882) (60) – – (4,300) – – (4,300) Profit before income tax expense from continuingoperations 267,712 113,477 12,541 2,384 – 396,114 – (4,861) 391,253 Income tax (expense) benefit (18,046) (7,584) (2,257) 1,295 – (26,592) – – (26,592) Profit (loss) for the year from continuing operations 249,666 105,893 10,284 3,679 – 369,522 – (4,861) 364,661 Profit from discontinued operations – – – – – – 93,927 4,861 98,788 Profit (loss) for the year 249,666 105,893 10,284 3,679 – 369,522 93,927 – 463,449 Assets and liabilities Total assets 7,788,166 4,585,439 624,835 2,219 (92,981)12,907,678 2,763,913 (502,922)15,168,669 Total liabilities 6,927,986 3,974,452 545,315 204 (92,981)11,354,976 1,584,245 (502,922)12,436,299 Other segment information Property and equipment 45,087 6,473 1,46 4 100 – 53,124 316,826 – 369,950 Intangible assets 20,217 2,819 999 12 – 24,047 17,547 – 41,594 Capital expenditure 65,304 9,292 2,463 112 – 77,171 334,373 – 411,544 Depreciation and amortisation (34,742) (5,134) (1,098) – – (40,974) – – (40,974) Annual Report 2018Bank of Georgia Group PLC 215