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

Commercial International Bank (Egypt) S.A.E.

Unconsolidated Financial Statements

September 30, 2011

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

FINANCIAL POSITION

As of Sep.30, 2011

Amounts in EGP.

Note

30-Sep-2011

31-Dec-2010

Assets

Cash & Due From Central Bank

15

4,585,370,018

5,675,241,791

Due From Banks

16

11,595,011,255

6,769,607,397

Treasury Bills & Other Governmental Notes

17

8,647,963,786

8,821,003,566

Trading Financial Assets

18

599,733,069

1,422,038,841

Loans & Overdrafts for Banks (Net after provisions)

19

179,935,995

125,833,038

Loans & Overdrafts for Customers (Net after provisions)

20

37,781,044,706

35,048,707,895

Financial Derivatives

21

158,821,014

139,263,948

Financial Investments:-

Available for Sale

22

14,880,838,015

13,605,347,030

Held to Maturity

22

69,066,925

289,151,745

Financial Investments in Subsidiary and Associated Co.

23

1,007,819,234

996,317,538

Real Estate investments

24

28,334,464

28,695,664

Debit Balances and Other Assets

25

1,378,540,947

1,375,945,140

Deferred Tax

33

84,492,142

79,656,694

Fixed Assets (Net)

26

629,330,705

716,071,158

Total Assets

81,626,302,275

75,092,881,445

Liabilities & Shareholders' Equity:-

Liabilities

Due to Banks

27

1,515,067,636

1,322,279,909

Customer Deposits

28

69,869,923,902

63,479,883,624

Financial Derivatives

21

108,072,845

113,551,040

Credit Balances & Other Liabilities

30

1,061,426,133

1,123,883,898

Long Term Loans

29

95,915,648

129,113,425

Other Provisions

31

272,197,292

310,238,930

Total Liabilities

72,922,603,456

66,478,950,826

Shareholders' Equity

Issued and Paid- in Capital

32

5,934,562,990

5,901,443,600

Reserves

32

1,460,416,239

416,828,938

Reserve for Employee Stock Ownership Plan (ESOP)

122,008,975

149,520,859

Retained Earning

-

20,231,298

Total Shareholders' Equity

7,516,988,204

6,488,024,695

Net Profit of the Period/Year after tax

1,186,710,615

2,125,905,924

Total Shareholders' Equity & Net Profit of the Period/Year

8,703,698,819

8,613,930,619

Total Liabilities & Shareholders' Equity

81,626,302,275

75,092,881,445

Contingent Liabilities & commitments

Letters of Credit, Guarantees and other Commitments

37

12,007,321,308

11,879,748,713

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

INCOME STATEMENT

As of Sep. 30, 2011

Amounts in EGP.

Note

Sep. 30, 2011

Sep. 30, 2010

Interest and Similar Income

6

3,973,996,549

3,306,493,377

Interest Expense and Similar Charges

6

(2,028,815,453)

(1,664,991,389)

Net Interest Income

1,945,181,095

1,641,501,988

Fees & Commissions Income

7

614,274,291

609,954,166

Fees and Commissions Expense

7

(64,114,837)

(58,278,187)

Net Fees and Commissions Income

550,159,454

551,675,979

Dividends Income

8

58,015,412

124,246,264

Net Trading Income

9

1,97,209,565

252,193,234

Profit from Financial Investments

22

78,409,261

171,541,834

Administrative Expenses

10

(968,821,954)

(877,566,249)

Other operating (Expenses) Income

11

(45,722,562)

3,181,161

Losses of impairment of loans

12

(312,228,115)

(28,702,347)

Net Profit before Tax

1,502,202,156

1,841,071,865

Income Tax

13

(320,326,989)

(299,810,196)

Deferred Tax

13&33

4,835,448

(203,828)

Net Profit After Tax

1,186,710,615

1,541,057,841

Earning per share

Basic

14

1.66

2.13

Diluted

14

1.62

2.08

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT

As of Sep. 30, 2011

Amounts in EGP.

Sep. 30, 2011

Sep. 30, 2010

Cash Flow From Operating Activities

Net Income Before Tax

1,502,202,156

1,841,071,865

Adjustments To Reconcile Net Income

To Net Cash Provided by operating Activities

Depreciation

143,036,462

134,728,750

Provisions (Formed during the period)

315,292,360

83,404,585

Trading Financial Investment Evaluation Differences

43,856,029

(70,759,769)

Financial Investments Impairment

(45,885,268)

(32,544,969)

Utilization of Provisions (except Provisions for Doubtful Debts)

(3,119,614)

(1,556,850)

Provisions no longer used (except provisions for doubtful debts)

(40,284,922)

(108,037,726)

FCY Revaluation Differences of Provision Balances (except Doubtful Debt)

3,926,263

4,657,616

Profits From Selling of Fixed Assets

(2,664,190)

(2,073,253)

Profits From Selling of Financial Investments

(93,073,621)

(126,694,967)

Profits from selling an Investment in Associated

(1,873,813)

96

FCY Revaluation Difference of Long Term Loans

459,526

176,557

Share Based Payments

62,114,443

56,766,651

Investment in Subsidiary and Associated Co. Evaluation differences

(501,696)

(614,711)

Impairment from Real estate investments

361,200

5,989,700

Operating Profits Before Changes in Operating Assets and Liabilities

1,883,847,325

1,784,513,575

Net Decrease (Increase) in Assets and liabilities

Due from banks

(4,998,033,002)

135,222,889

Treasury Bills & Other Governmental Notes

121,265,205

1,047,055,612

Trading Financial Assets

778,449,743

(474,142,850)

Financial Derivatives (Net)

(25,035,261)

38,530,721

Loans & Overdrafts

(3,100,295,504)

(6,528,511,716)

Debit Balances and Other Assets

34,117,966

(52,520,084)

Due to Banks

192,787,727

292,228,569

Customer Deposits

6,390,040,278

5,712,154,680

Credit Balances & Other Liabilities

(382,784,752)

(350,311,291)

Net Cash Provided from Operating Activities

894,359,724

1,604,220,105

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT

As of Sep. 30, 2011

Sep. 30, 2011

Sep. 30, 2010

Cash Flow From Investing Activities

Payments to purchase Subsidiary and Associated Co.

(11,000,000)

(16,455,599)

Income from Selling Subsidiary and Associated Co.

-

48,750

Purchase of fixed assets, premises and fitting out of branches

(90,345,592)

(122,473,601)

Redemption of Held-to-Maturity Financial Investments

230,201,187

249,632,622

Held to Maturity Financial Investment Purchases

(5,000,000)

(15,919,404)

Purchase of Available for Sale Financial Investment

(1,490,030,694)

(4,561,124,872)

Net Cash (Used in) Provided from Investing Activities

(1,366,175,100)

(4,466,292,104)

Cash Flow From Financing Activities

Increase (Decrease) in Long Term Loans

(33,657,304)

41,651,016

Dividends Paid

(841,922,204)

(658,369,589)

Capital Increase

33,119,390

25,721,800

Net Cash (Used in) provided from Financing Activities

(842,460,118)

(590,996,773)

Net Cash and Cash Equivalent Changes

(1,314,275,493)

(3,453,068,773)

Beginning Balance of Cash and Cash Equivalent

7,778,944,041

10,062,335,630

Cash & Cash equivalent Balance At the End of the Period

6,464,668,548

6,609,266,857

Cash & Cash Equivalent are Represented as Follows:-

Cash and Due from Central Bank

4,585,370,018

4,532,172,246

Due From Banks

11,595,011,255

7,571,838,916

Treasury Bills and Other Governmental Notes

8,647,963,786

8,416,562,813

Obligatory Reserve balance with CBE

(2,782,468,103)

(2,429,632,454)

Due from Banks (Time Deposits) More than Three Months

(8,610,360,530)

(4,944,604,992)

Treasury Bills with Maturity More than Three Months

(6,970,847,877)

(6,537,069,672)

Total Cash & Cash Equivalent

6,464,668,548

6,609,266,857

Sep. 30, 2010

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserves

(EGP)

Reserves for A.F.S Investments Revaluation Diff.

(EGP)

Banking Risks Reserve

(EGP)

Profits of the Period

(EGP)

Reserve for Employee Stock Ownership Plan (ESOP)

(EGP)

Total

(EGP)

Beginning Balance

2,925,000,000

513,606,534

1,463,656,484

(1,942,684)

206,530,551

(106,589,600)

26,652,790

1,756,956,708

161,728,985

6,945,599,768

Capital Increase

2,976,443,600

(476,326,032)

(2,474,395,768)

-

-

-

-

-

-

25,721,800

Transferred to Reserves

-

87,847,835

1,089,303,930

-

-

-

-

(1,098,587,119)

(78,564,646)

-

Dividends Paid

-

-

-

-

-

-

-

(658,369,589)

-

(658,369,589)

Net Profit of the period

-

-

-

-

-

-

-

1,541,057,841

-

1,541,057,841

Transferred to Retained Earning

-

-

-

22,173,982

(22,173,982)

-

-

-

-

-

Addition from Financial Investment Revaluation

-

-

-

-

-

110,090,291

-

-

-

110,090,291

Transferred to Bank Risk Reserve

-

-

-

-

-

-

113,960,161

(113,960,161)

-

-

Reserve for Employee Stock Ownership Plan (ESOP)

-

-

-

-

-

-

-

-

56,766,651

56,766,651

Balance at the end of Period

5,901,443,600

125,128,337

78,564,646

20,231,298

184,356,569

3,500,691

140,612,951

1,427,097,680

139,930,991

8,020,866,762

Sep. 30, 2011

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserves

(EGP)

Reserves for A.F.S Inv. Revaluation Diff.

(EGP)

Banking Risk Reserve

(EGP)

Profits of the period

(EGP)

Reserve for Employee Stock Ownership Plan (ESOP)

EGP

Total

(EGP)

Beginning Balance

5,901,443,600

125,128,337

78,564,646

20,231,298

184,356,569

2,126,596

156,992,515

1,995,566,199

149,520,859

8,613,930,618

Capital Increase

33,119,390

-

-

-

-

-

-

-

-

33,119,390

Transferred to Reserves

-

106,216,559

1,115710,315

-

1,574,746

-

-

(1,173,875,293)

(89,626,327)

-

Dividends Paid

-

-

-

(20,231,298)

-

-

-

(821,690,906)

-

(841,922,204)

Net Profit of the Period

-

-

-

-

-

-

-

1,186,710,615

-

1,186,710,615

Addition from Financial Investment Revaluation

-

-

-

-

-

(350,254,044)

-

-

-

(350,254,044)

Transferred from bank Risk Reserves

-

-

-

-

-

-

76,166,450

(76,166,450)

-

-

Reserve for Employee Stock Ownership Plan (ESOP)

-

-

-

-

-

-

-

-

62,114,443

62,114,443

Balance at the End of Period

5,934,562,990

231,344,896

1,234,274,960

-

185,931,315

(348,127,448)

233,158,965

1,110,544,166

122,008,975

8,703,698,819