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 |