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

Condensed Separate Interim Income Statement for the period ended September 30, 2022

Condensed Separate 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

17,787,463

13,998,067

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

16

654,220

636,413

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

(16,255)

1,385,835

Other provisions charges

21

1,803,863

190,858

Impairment charge for credit losses (due from banks)

849

38,181

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

278,012

(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

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 at fair value through OCI

13

(1,096,850)

(643,467)

Shares based payments

579,653

477,644

Impairment (Released) charges of investments in associates

-

9,359

Operating profits before changes in operating assets and liabilities

16,297,417

15,993,590

Net decrease (increase) in assets and liabilities

Due from banks

845,633

(272,238)

Financial assets at fair value through P&L

13

240,987

153,260

Derivative financial instruments

(947,116)

(24,448)

Loans and advances to banks and customers

11 - 12

(33,520,003)

(20,847,787)

Other assets

1,242,254

(1,631,518)

Due to banks

17

841,125

(7,272,811)

Due to customers

18

91,483,674

62,999,029

Current income tax obligations paid

(2,305,911)

(2,152,739)

Other liabilities

(310,752)

1,414,946

Net cash used in (generated from) operating activities

73,867,308

48,359,284

Cash flow from investing activities

Payments for investment in subsidiaries and associates.

(59,900)

(158,360)

Payment for purchases of property, equipment and branches constructions

(542,743)

(669,801)

Proceeds from selling property and equipment

2,192

2,124

Proceeds from redemption of financial assets at amortized cost

6,569,803

4,725,376

Payment for purchases of financial assets at amortized cost

(18,239,332)

(3,844)

Payment for purchases of financial assets at fair value through OCI

(114,918,927)

(207,918,546)

Proceeds from selling financial assets at fair value through OCI

73,463,225

146,303,855

Net cash generated from (used in) investing activities

(53,725,682)

(57,719,196)

Condensed Separate Interim Cash Flows for the period ended September 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)

Dividends 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

17,353,341

(11,278,377)

Beginning balance of cash and cash equivalent

60,891,899

75,965,247

Cash and cash equivalent at the end of the period

78,245,240

64,686,870

Cash and cash equivalent comprise:

Cash and balances at the central bank

43,776,754

33,207,606

Due from banks

90,419,482

72,015,406

Treasury bills and other governmental notes

10

87,119,766

65,654,913

Obligatory reserve balance with CBE

(38,022,832)

(27,183,002)

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

78,245,240

64,686,870

Condensed Separate 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

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

EGP Thousands

Beginning balance

14,776,813

2,778,135

24,765,658

1,549,445

14,906

3,970,987

6,423

10,477,611

1,064,648

59,404,626

Capital increase

4,925,605

-

(4,925,605)

-

-

-

-

-

-

-

Transferred to reserves

-

514,939

8,420,479

-

1,094

-

-

(8,936,512)

-

-

Dividend paid

-

-

-

-

-

-

-

(1,360,652)

-

(1,360,652)

Net profit of the period

-

-

-

-

-

-

-

9,894,685

-

9,894,685

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

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

-

-

-

-

-

(2,374,495)

-

-

-

(2,374,495)

Transferred (from) to bank 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)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

477,644

477,644

Ending balance

19,702,418

3,293,074

28,260,532

1,549,445

16,000

1,320,884

9,141

10,258,109

1,542,292

65,951,895

Condensed Separate 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

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Total

EGP Thousands

Beginning balance

19,702,418

3,293,074

28,260,532

1,549,445

16,000

639,231

9,141

13,783,935

1,674,392

68,928,168

Capital increase

10,122,716

-

(10,000,000)

-

-

-

-

-

-

122,716

Transferred to reserves

-

670,872

8,836,326

-

2,947

-

-

(9,007,223)

(502,922)

-

Dividend paid

-

-

-

-

-

-

-

(4,410,322)

-

(4,410,322)

Net profit of the period

-

-

-

-

-

-

-

12,205,922

-

12,205,922

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

-

-

-

-

-

(13,128,801)

-

-

-

(13,128,801)

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

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

579,653

579,653

Ending balance

29,825,134

3,963,946

27,096,858

1,549,445

18,947

(12,259,981)

11,981

12,573,600

1,751,123

64,531,053