BURFORD CAPITAL LIMITED DocuSign Envelope ID: E18AD0A1-1F0B-4771-B9CD-EF0871AC081B
Burford Capital PLC Group
Unaudited Interim Financial Statements for the
period ending 30 June 2023
DocuSign Envelope ID: E18AD0A1-1F0B-4771-B9CD-EF0871AC081B | |
Burford Capital PLC Group | |
Contents | |
For the period ended 30 June 2023 | |
Consolidated income statements | 2 |
Consolidated and company balance sheets | 3 |
Consolidated and company statements of changes in equity | 4 |
Consolidated statement of cash flows | 5 |
Notes to the consolidated financial statements | 6 |
1
DocuSign Envelope ID: E18AD0A1-1F0B-4771-B9CD-EF0871AC081B | |||
Burford Capital PLC Group | |||
Consolidated income statements | |||
For the period ended 30 June 2023 | |||
Consolidated | |||
30 Jun | 30 Jun | ||
Note | 2023 | 2022 | |
£'000 | £'000 | ||
Income | |||
Income | 3 | 9,708 | 10,543 |
Operating expenses | 4 | (1,426) | (2,754) |
Foreign exchange movements | (16,337) | 34,157 | |
Operating profit/(loss) | (8,055) | 41,946 | |
Finance costs | 5 | (7,566) | (9,861) |
(Loss)/profit before tax on ordinary activities | (15,621) | 32,085 | |
Tax on ordinary activities | 6 | (357) | (537) |
(Loss)/profit after tax on ordinary activities for the period | (15,978) | 31,548 | |
Other comprehensive income for the period, net of tax | - | - | |
Total comprehensive (loss)/income for the period | (15,978) | 31,548 |
The above consolidated income statements should be read in conjunction with the accompanying notes
2
DocuSign Envelope ID: E18AD0A1-1F0B-4771-B9CD-EF0871AC081B | |||||
Burford Capital PLC Group | |||||
Consolidated balance sheets | |||||
As at 30 June 2023 | |||||
Consolidated | Company | ||||
30 Jun | 31 Dec | 30 Jun | 31 Dec | ||
Note | 2023 | 2022 | 2023 | 2022 | |
£'000 | £'000 | £'000 | £'000 | ||
Assets | |||||
Non-current assets | |||||
Investments in subsidiaries | 7 | - | - | 284,817 | 342,694 |
Loans receivable from fellow group | |||||
undertakings | 8 | 272,353 | 320,661 | 28,741 | 28,741 |
Total non-current assets | 272,353 | 320,661 | 313,558 | 371,435 | |
Current assets | |||||
Cash and cash equivalents | 40,472 | 1,082 | 40,342 | 964 | |
Receivables due from fellow group undertakings | 9 | 46,633 | 52,041 | 4,319 | 8,829 |
Total current assets | 87,105 | 53,123 | 44,661 | 9,793 | |
Total assets | 359,458 | 373,784 | 358,219 | 381,228 | |
Liabilities | |||||
Non-current liabilities | |||||
Creditors: Amounts falling due after more than | |||||
one year | 10 | 174,186 | 273,786 | 174,186 | 273,786 |
Total non-current liabilities | 174,186 | 273,786 | 174,186 | 273,786 | |
Current liabilities | |||||
Creditors: Amounts falling due within one year | 11 | 130,860 | 29,608 | 154,514 | 81,277 |
Total current liabilities | 130,860 | 29,608 | 154,514 | 81,277 | |
Total liabilities | 305,046 | 303,394 | 328,700 | 355,063 | |
Net assets | 54,412 | 70,390 | 29,519 | 26,165 | |
Equity | |||||
Called up share capital | 13 | 7,050 | 7,050 | 7,050 | 7,050 |
Other Reserves | 14 | 73,194 | 73,194 | 73,194 | 73,194 |
Accumulated losses | (25,832) | (9,854) | (50,725) | (54,079) | |
Total equity | 54,412 | 70,390 | 29,519 | 26,165 |
These financial statements of Burford Capital PLC, company number 09077893 were approved and signed by the Directors
___________________________ | ___________________________ |
L Paster | M Redman |
Director | Director |
30 September 2023 |
The above consolidated balance sheets should be read in conjunction with the accompanying notes
3
DocuSign Envelope ID: E18AD0A1-1F0B-4771-B9CD-EF0871AC081B | ||||
Burford Capital PLC Group | ||||
Consolidated statements of changes in equity | ||||
For the period ended 30 June 2023 | ||||
Share | Share | Revenue | ||
capital | premium | reserve Total equity | ||
Consolidated | £'000 | £'000 | £'000 | £'000 |
Balance at 1 January 2022 | 7,050 | 73,194 | (45,307) | 34,937 |
Profit after tax on ordinary activities for the period | - | - | 31,548 | 31,548 |
Other comprehensive income for the period, net of tax | - | - | - | - |
Total comprehensive income for the period | - | - | 31,548 | 31,548 |
Balance at 30 June 2022 | 7,050 | 73,194 | (13,759) | 66,485 |
Share | Share | Revenue | ||
capital | premium | reserve Total equity | ||
Consolidated | £'000 | £'000 | £'000 | £'000 |
Balance at 1 January 2023 | 7,050 | 73,194 | (9,854) | 70,390 |
Loss after tax on ordinary activities for the period | - | - | (15,978) | (15,978) |
Other comprehensive income for the period, net of tax | - | - | - | - |
Total comprehensive loss for the period | - | - | (15,978) | (15,978) |
Balance at 30 June 2023 | 7,050 | 73,194 | (25,832) | 54,412 |
Share | Share | Revenue | ||
capital | premium | reserve Total equity | ||
Company | £'000 | £'000 | £'000 | £'000 |
Balance at 1 January 2022 | 7,050 | 73,194 | (43,239) | 37,005 |
Loss after tax on ordinary activities for the period | - | - | (7,387) | (7,387) |
Other comprehensive income for the period, net of tax | - | - | - | - |
Total comprehensive loss for the period | - | - | (7,387) | (7,387) |
Balance at 30 June 2022 | 7,050 | 73,194 | (50,626) | 29,618 |
Share | Share | Revenue | ||
capital | premium | reserve Total equity | ||
Company | £'000 | £'000 | £'000 | £'000 |
Balance at 1 January 2023 | 7,050 | 73,194 | (54,079) | 26,165 |
Profit after tax on ordinary activities for the period | - | - | 3,354 | 3,354 |
Other comprehensive income for the period, net of tax | - | - | - | - |
Total comprehensive income for the period | - | - | 3,354 | 3,354 |
Balance at 30 June 2023 | 7,050 | 73,194 | (50,725) | 29,519 |
The above consolidated statements of changes in equity should be read in conjunction with the
accompanying notes
4
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Burford Capital Ltd. published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2023 13:36:26 UTC.
