Financial and operational results

Operational Results

Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020
Amount Funded (£ ’000) 2,322 2,226 2,196 2,284 2,549 1,622 2,307
Of which issued online (£ ’000) 73 51 52 126 346 378 1,153
Of which issued offline (£ ’000) 2,249 2,175 2,144 2,128 2,203 1,244 1,154
Weighted average default rate, % 9.0 7.5 5.6 8.1 13.6 12.1

Financial Results

2019 £’000 1H20 £’000 (unaudited)
Interest income 3,941 2,745
Interest expense -271 -91
Net interest 3,669 2,654
ECL -232 -717
Net interest after ECL 3,437 1,938
FX on debenture 95 -96
Other income 791 -848
Operating income 4,324 994
Staff costs -2,006 -965
Other operating costs -3,209 -1,374
PBT -892 -1,345
TAX - 11
PAT -892 -1,335