Georgia Healthcare Group PLC Annual Report 2018 Financial Statements Consolidated Statement of Financial Position As at 31 December (thousands of Georgian Lari) 31 December 31 December Notes 2018 2017 Assets Cash and cash equivalents 7 36,154 48,840 Amounts due from credit institutions 8 11,807 14,768 Insurance premiums receivable 9 23,643 20,233 Receivables from healthcare services 10 106,841 100,944 Receivables from sales of pharmaceuticals 20,440 19,798 Inventory 14 146,164 131,849 Prepayments 15 13,064 30,354 Current income tax assets 1,007 2,026 Investment in associate 3,124 2,745 Property and equipment 11 698,037 642,859 Goodwill and other intangible assets 12 152,298 143,674 Other assets 16 27,927 22,748 Total assets 1,240,506 1,180,838 Liabilities Accruals for employee compensation 26,615 21,944 Insurance contract liabilities 17 22,544 20,953 Accounts payable 19 105,092 105,963 Current income tax liabilities 41 72 Finance lease liabilities 22 8,676 8,834 Payables for share acquisitions 21 91,474 98,258 Borrowings 18 296,817 267,010 Debt securities issued 20 93,573 93,493 Other liabilities 23 20,643 15,911 Total liabilities 665,475 632,438 Equity Share capital 25 4,784 4,784 Additional paid-in capital 25 4,788 1,708 Treasury shares 25 (134) (134) Other reserves 25 (33,335) (26,866) Retained earnings 532,091 504,192 Total equity attributable to shareholders of the Company 508,194 483,684 Non-controlling interests 66,837 64,716 Total equity 575,031 548,400 Total equity and liabilities 1,240,506 1,180,838 The Financial Statements on pages 121 to 175 were approved by the Board of Directors of Georgia Healthcare Group PLC on 2 April 2019 and signed on its behalf by: Nikoloz Gamkrelidze Chief Executive Officer 2 April 2019 Irakli Gogia Chief Financial Officer 2 April 2019 Company registration number: 09752452 The accompanying notes on pages 128 to 175 form an integral part of these consolidated Financial Statements. 124