Burford Capital : Finance 2023 Interim Financial Statements

BURFORD CAPITAL FINANCE LLC

UNAUDITED INTERIM FINANCIAL STATEMENTS

For the period ended 30 June 2023

BURFORD CAPITAL FINANCE LLC for the period ended 30 June 2023

	Page
Statement of Comprehensive Income	2
Statement of Financial Position	3
Statement of Changes in Members' Equity	4
Statement of Cash Flows	5
Notes to the Financial Statements	6

1

BURFORD CAPITAL FINANCE LLC for the period ended 30 June 2023

STATEMENT OF COMPREHENSIVE INCOME

		to 30 June	to 30 June
	Notes	2023	2022
		$'000	$'000
Income	2	1,512	1,316
Operating expenses	3	(703)	(704)
Foreign exchange movements		(8)	171
Operating profit		801	783
Interest income	4	5,586	5,586
Finance costs	5	(5,663)	(5,663)
Profit on ordinary activities before taxation		724	706
Tax on profit on ordinary activities	6	(181)	(176)
Profit/(loss) for the financial period		543	530
Other comprehensive income		-	-
Total comprehensive profit for the period		543	530

All figures relate to continuing operations.

There were no other items recognised outside of the statement of comprehensive income above. The notes on pages 6-10 form part of the financial statements.

2

BURFORD CAPITAL FINANCE LLC for the period ended 30 June 2023

STATEMENT OF FINANCIAL POSITION
		30 June	31 December
	Notes	2023	2022
		$'000	$'000
Assets
Non-current assets
Loans advanced to fellow group undertaking	7	177,750	177,750
		177,750	177,750
Current assets
Cash		5	-
Amounts due from fellow group undertaking	14	9,770	11,123
Total current assets		9,775	11,123
		187,525	188,873
Member's equity and liabilities
Current Liabilities
Other creditors	8	5,577	7,619
Non-current liabilities
Loan capital	9	179,365	179,215
Total liabilities		184,942	186,834
Member's equity
Member's equity	11	1	1
Accumulated profit/(loss)		2,582	2,038
Total member's equity		2,583	2,039
		187,525	188,873

The notes on pages 6-10 form part of the financial statements.

These financial statements of Burford Capital Finance LLC on pages 2 to 10, were approved by the Officers on 29 September 2023 and signed on their behalf by

• Braverman Officer

3

BURFORD CAPITAL FINANCE LLC for the period ended 30 June 2023

STATEMENT OF CHANGES IN MEMBER'S EQUITY
		Statement of
	Capital	Comprehensive
30 June 2023	Contributions	Income	Total
	$'000	$'000	$'000
Balance at 1 January 2023	1	2,039	2,040
Total comprehensive profit for the period	-	543	543
Balance at 30 June 2023	1	2,582	2,583
		Statement of
	Capital	Comprehensive
30 June 2022	Contributions	Income	Total
	$'000	$'000	$'000
Balance at 1 January 2022	1	788	789
Total comprehensive profit for the period	-	530	530
Balance at 30 June 2022	1	1,318	1,319

The notes on pages 6-10 form part of the financial statements.

4