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

12 Nov 2007 07:04

Commercial Intnl Bank (Egypt) SAE12 November 2007 FINANCIAL POSITIONAs of September 30, 2007Amounts in L.E. Note Sep. 30, 2007 Dec. 31, 2006Assets Cash & Due From Central Bank 4 5,111,767,158 3,742,876,516Due From Banks 5 10,835,411,071 5,432,677,413Treasury Bills & Other Notes Discountable at CBE 6 2,077,756,172 4,058,745,805Trading Financial Investments 7 536,965,266 887,142,138Available for Sale Financial Investments 8 2,344,723,457 3,178,163,512Loans & Overdrafts (Net of Provision for Doubtful Debts) 9&10 20,310,094,731 17,464,675,855Held to maturity Financial Investments 11 527,294,714 822,284,338Financial Investments in Subsidiary and associated companies 12 393,333,575 475,836,460Debit Balances and Other Assets 14 1,191,862,173 821,707,644Deferred Tax 25 52,895,508 40,632,719Fixed Assets (Net) 15 572,664,379 497,753,223Total Assets 43,954,768,204 37,422,495,623 Liabilities & Shareholders' EquityLiabilities Due to Banks 16 1,905,902,091 1,212,524,120Customer Deposits 17 36,730,968,250 31,600,227,198Dividends & Profit Sharing 0 287,235,147Credit Balances & Other Liabilities 18 811,449,981 843,634,576Long Term Loans 19 149,242,616 99,166,861Other Provisions 20 391,622,567 339,825,378 Total Liabilities 39,989,185,505 34,382,613,280 Shareholders' EquityIssued & Paid- in Capital 1,950,000,000 1,950,000,000Reserves 1,088,238,561 1,089,882,343Reserve for employee stock ownership plan (ESOP) 28 21,869,688 0Total Shareholders' Equity 21 3,060,108,249 3,039,882,343Net Profit of the Period 905,474,450 -Total Shareholders' Equity & Net Profit 3,965,582,699 3,039,882,343Total Liabilities & Shareholders' Equity 43,954,768,204 37,422,495,623Contingent & commitments Liabilities 22 11,552,241,295 6,864,843,585 INCOME STATEMENTFor the Period from Jan. 1 2007 to Sep. 30 2007 Amounts in LE. Note From Jan. 1, 2007 From Jan. 1, 2006 To Sep. 30, 2007 To Sep. 30, 2006 Interest Received from clients & Banks 1,878,451,694 1,261,921,115Interest Received from Treasury Bills & Bonds 308,605,257 423,566,913Interest Paid to Clients & Banks (1,338,606,099) (980,517,046)Net Interest Income 848,450,852 704,970,982Banking Fees & Commissions 420,373,860 294,983,957Share Dividends 62,860,246 34,319,519Foreign Exchange Income 23 114,055,188 76,835,713Profit from Selling Financial Investment 77,045,256 82,962,658Profits from Dispose part of Subsidiaries 24 148,393,558 0Trading Investment Revaluation Differences 1,708,699 15,291,106Other Income 24,209,777 78,131,294Total Fee Income 848,646,584 582,524,246Net Operating Income 1,697,097,436 1,287,495,228 Provisions (209,250,000) (173,410,750)Other Investment Revaluation Differences 7,108,252 (4,324,682)General & Administration Expenses & Depreciation (422,323,931) (416,961,786)Other Expenses (57,393,317) (45,385,782) (681,858,996) (640,083,000)Net Operating Profits 1,015,238,440 647,412,228Non-Operating income 305,200 178,000Net Profit Before Tax 1,015,238,440 647,590,228Income Tax (122,331,979) (51,956,497)Deferred Tax 25 12,262,789 19,057,037Net Profit After Tax 905,474,450 614,690,768 CASH FLOW STATEMENT 1aFor the Period from Jan. 1 2007 to Sep. 30 2007Amounts in LE. Sep. 30, 2007 Sep. 30, 2006Cash Flow From Operating ActivitiesNet Income Before Tax 1,015,543,640 647,590,228Adjustments To Reconcile Net IncomeTotal Net Cash Provided by operatingDepreciation 89,444,937 67,267,917Provisions (Additions during the period) 209,250,000 173,410,750Trading Financial Investment Evaluation Diff. (1,708,699) (15,291,106)Other Financial Investment Evaluation Diff. (7,108,252) 4,324,682Utilization of Provision (Other than Provision for Doubtful Debts) - 900Difference in revaluation of FCY Provision Balances (1,217,811) (27,113)Gains From Selling of Fixed Assets (305,200) (178,000)Profit From Selling of Investments (77,045,256) (82,962,658)Profits from Dispose part of a Subsidiary (148,393,558) -Income Tax Paid - (146,533,648)FCY Revaluation Difference of Long Term Loans 1,364,449 1,602,829Reserve for Employee Stock Ownership Plan (ESOP) 21,869,688 -Operating Profit Before Changes in Operating Assets and 1,101,693,938 649,204,781Liabilities Net Decrease (Increase) in AssetsDue from banks (5,281,256,609) (920,209,740)Treasury Bills & Other Notes Discountable at CBE 2,640,133,947 785,832,337Trading Financial Investments 351,885,571 814,152,448Available for Sale Financial Investments 1,065,987,121 (558,679,583)Loans & Overdrafts (2,952,088,393) (2,706,606,981)Debit Balances & Other Assets (358,746,053) (538,496,569) Net Increase (Decrease) In LiabilitiesDue to Banks 693,377,971 (365,549,651)Customer Deposits 5,130,741,052 3,794,583,429Credit Balances & Other Liabilities (154,516,574) (517,428,787)Net Cash Provided from Operating Activities 2,237,211,971 436,801,684 CASH FLOW STATEMENT 1bFor the Period from Jan. 1 2007 to Sep. 30 2007 Sep. 30, 2007 Sep. 30, 2006Cash Flow From Investment ActivitiesPurchase of Subsidiaries 82,502,885 (23,844,014)Prepaid for Fixed Assets, premises and Fitting-out of Branches (225,024,852) (178,163,657)Purchase of Held-to-Maturity Investments 294,989,624 223,319,457Net Cash (Used in) Investment Activities 152,467,657 21,311,786 Cash Flow From Financing ActivitiesDecrease in Long Term Loans 48,711,306 6,951,484Dividends Paid (287,235,147) (200,165,754)Reverse for financial investment revaluation Diff (1,643,782) (1,879,577) Net Cash (Used in) provided from Financing Activities (240,167,623) (195,093,847) Net cash & cash equivalent 2,149,512,005 263,019,623Beginning Balance of cash and cash equivalent 4,023,396,002 3,401,951,193Cash & Cash equivalent Balance At the End of the period 6,172,908,007 3,664,970,816 Cash & Cash Equivalent are Represented as FollowsCash and Due from Central Bank 5,111,767,158 3,346,997,364Due From Banks 10,835,411,071 4,350,114,935Treasury Bills 2,077,756,172 2,677,961,367Due to Banks 10,584,771,442) (4,239,885,085)Treasury Bills with Maturity More than Three Months (1,267,254,952) (2,470,217,765)Total Cash & Cash Equivalent 6,172,908,007 3,664,970,816 COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.ESTATEMENT OF CHANGES IN SHAREHOLDERS EQUITYAs of September 30, 2007 2006 Capital Legal General Special Reserves for Profits of the Reserve Total Reserves Reserves Reserves Inv. Rev. year for ESOP Beginning 1,300,000,000 331,128,634 723,775,555 162,709,903 9,646,006 0 0 2,527,260,098BalanceCapital 650,000,000 0 (650,000,000) 0 0 (514,809,617) 0 0IncreaseTransfer to 0 40,102,238 474,707,379 0 0 (514,809,617) 0 0ReservesDistributed 0 0 0 0 0 (287,235,147) 0 (287,235,147)ProfitsNet Profit 0 0 0 0 0 802,044,764 0 802,044,764Usage part 0 0 0 0 (2,187,372) 0 0 (2,187,372)of reserveEnding 1,950,000,000 371,230,872 548,482,934 162,709,903 7,458,634 (514,809,617) 0 3,039,882,343Balance 2007 Capital Legal General Special Reserves for Profits of Reserve Total Reserves Reserves Reserves Inv. Rev. the year for ESOP Beginning 1,950,000,000 371,230,872 548,482,934 162,709,903 7,458,634 0 0 2,527,260,098Balance Usage part 0 0 0 0 (1,643,782) 0 0 (1,879,577)of reserveNet Profits 0 0 0 0 0 905,474,450 0 905,474,450of thePeriodReserve for 0 0 0 0 0 0 21,869,688 21,869,688ESOPEnding 1,950,000,000 371,230,872 548,482,934 162,709,903 5,814,852 614,690,768 21,869,688 3,140,071,289Balance This information is provided by RNS The company news service from the London Stock Exchange