Com.int.bk.regs Regulatory News (CBKD)

Condensed Consolidated Interim Cash flows for the period ended September 30, 2022

Notes

Sep. 30, 2022

Sep. 30, 2021

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

17,682,074

13,979,431

Adjustments to reconcile net profit to net cash provided by operating activities

Fixed assets depreciation

16

644,401

636,413

Impairment charge for credit losses (Loans and advances to customers and banks)

12,998

1,383,887

Other provisions charges

21

1,803,568

190,525

Impairment charge for credit losses (due from banks)

534

37,880

Impairment (Released) charge for credit losses (financial investments)

284,546

(98,246)

Impairment (Released) charge for other assets

(277,768)

31,975

Exchange revaluation differences for financial assets at fair value through OCI and AC

(3,745,045)

40,050

Goodwill amortization

26

30,943

58,448

Intangible assets amortization

27

7,774

14,685

Utilization of other provisions

21

(1,857)

(44,978)

Other provisions no longer used

21

(101)

(12,255)

Exchange differences of other provisions

21

333,425

(13,722)

Losses (Profits) from selling property and equipment

(2,192)

(2,124)

Losses (profits) from selling financial investments

13

(1,096,850)

(643,467)

Impairment (Released) charges of investments in associates

-

(15,016)

Shares based payments

579,653

477,644

Bank's share in the profits / losses of associates

16,343

(18,354)

Operating losses (profits) before changes in operating assets and liabilities

16,272,446

16,002,776

Net decrease (increase) in assets and liabilities

Due from banks

870,167

(272,238)

Financial assets at fair value through P&L

13

240,987

153,260

Derivative financial instruments

(947,321)

(24,448)

Loans and advances to banks and customers

11 - 12

(33,780,208)

(20,943,748)

Other assets

1,245,185

(1,611,672)

Due to banks

17

881,371

(7,271,485)

Due to customers

18

91,778,069

63,033,657

Current income tax obligations paid

(2,207,579)

(2,153,441)

Other liabilities

(325,379)

1,706,495

Net cash used in (generated from) operating activities

74,027,738

48,619,156

Cash flow from investing activities

Proceeds (payments) for investment in associates.

-

(158,360)

Payment for purchases of property, equipment and branches constructions

(556,512)

(677,464)

Proceeds from selling property and equipment

2,192

2,124

Proceeds from redemption of financial assets at amortized cost

6,520,697

4,753,398

Payment for purchases of financial assets at amortized cost

(18,268,602)

(2,617)

Payment for purchases of financial assets at fair value through OCI

(115,077,815)

(208,509,917)

Proceeds from selling financial assets at fair value through OCI

73,424,845

147,101,717

Net cash generated from (used in) investing activities

(53,955,195)

(57,491,119)

Condensed Consolidated Interim Cash flows for the period ended Sep 30, 2022 (Cont.)

Sep. 30, 2022

Sep. 30, 2021

EGP Thousands

EGP Thousands

Cash flow from financing activities

Other loans

1,116,344

(2,113,845)

Dividend paid

(4,410,322)

(1,360,652)

Issued debt instruments

382,977

1,556,032

Capital increase

122,716

-

Net cash generated from (used in) financing activities

(2,788,285)

(1,918,465)

Net (decrease) increase in cash and cash equivalent during the period

17,284,258

(10,790,428)

Beginning balance of cash and cash equivalent

61,065,822

75,796,375

Cash and cash equivalent at the end of the period

78,350,080

65,005,947

Cash and cash equivalent comprise:

Cash and balances at the central bank

43,857,708

33,326,348

Due from banks

90,499,843

72,296,624

Treasury bills and other governmental notes

10

87,122,900

65,656,846

Obligatory reserve balance with CBE

(38,082,441)

(27,265,818)

Due from banks with maturities more than three months

(22,949,758)

(16,980,376)

Treasury bills with maturity more than three months

(82,098,172)

(62,027,677)

Total cash and cash equivalent

78,350,080

65,005,947

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended September 30, 2021

Sep. 30, 2021

Issued and paid up capital

Legal reserve

General reserve

General risk reserve

Reserve for transactions under common control

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders Equity

Non Controlling Interest

Total

EGP Thousands

Beginning balance

14,776,813

2,778,135

24,765,658

1,549,445

8,183

14,906

3,975,514

6,423

10,539,715

1,064,648

(3,684)

59,475,756

483,055

59,958,811

Capital increase

4,925,605

-

(4,925,605)

-

-

-

-

-

-

-

-

-

-

-

Transferred to reserves

-

514,939

8,420,479

1,461

-

1,094

-

-

(8,937,973)

-

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

(1,360,652)

-

-

(1,360,652)

-

(1,360,652)

Net profit of the period

-

-

-

-

-

-

-

-

9,877,295

-

-

9,877,295

(1,932)

9,875,363

Minority Interest Share

-

-

-

-

-

-

-

-

-

-

-

-

(25,219)

(25,219)

Transferred from reserve of financial assets at fair value through OCI

-

-

-

-

-

-

(177,362)

-

177,362

-

-

-

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

8,333

-

-

8,333

-

8,333

Net unrealised gain/(loss) on financial assets at fair value through OCI after tax

-

-

-

-

-

-

(2,375,618)

-

-

-

-

(2,375,618)

-

(2,375,618)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

2,718

(2,718)

-

-

-

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

-

(98,246)

-

-

-

-

(98,246)

-

(98,246)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

477,644

-

477,644

-

477,644

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

1,048

1,048

-

1,048

Balance at the end of the period

19,702,418

3,293,074

28,260,532

1,550,906

8,183

16,000

1,324,288

9,141

10,301,362

1,542,292

(2,636)

66,005,560

455,904

66,461,464

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended September 30, 2022

Sep. 30, 2022

Issued and paid up capital

Legal reserve

General reserve

General risk reserve

Reserve for transactions under common control

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders Equity

Non Controlling Interest

Total

EGP Thousands

Beginning balance

19,702,418

3,293,074

28,260,532

1,550,906

8,183

16,000

641,372

9,141

13,696,402

1,674,392

(4,218)

68,848,202

454,535

69,302,737

Capital increase

10,122,716

-

(10,000,000)

-

-

-

-

-

-

-

-

122,716

-

122,716

Transferred to reserves

-

670,872

8,836,326

-

-

2,947

-

-

(9,007,223)

(502,922)

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

(4,410,322)

-

-

(4,410,322)

-

(4,410,322)

Net profit of the period

-

-

-

-

-

-

-

-

12,173,257

-

-

12,173,257

25,625

12,198,882

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

-

(4,128)

-

4,128

-

-

-

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealised gain/(loss) on financial assets at fair value through OCI after tax

-

-

-

-

-

-

(13,184,005)

-

-

-

-

(13,184,005)

-

(13,184,005)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

2,840

(2,840)

-

-

-

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

-

233,717

-

-

-

-

233,717

-

233,717

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

579,653

-

579,653

-

579,653

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

101,085

101,085

65,507

166,592

Balance at the end of the period

29,825,134

3,963,946

27,096,858

1,550,906

8,183

18,947

(12,313,044)

11,981

12,453,402

1,751,123

96,867

64,464,303

545,667

65,009,970