| Attributable to equity holders of the parents |
|
| Dec. 31, 2017 | Issued and paid in capital | Reserve for employee stock ownership plan (ESOP) | Retained earnings | Reserves | Total | Non-controlling interest | Total equity |
|
|
|
|
|
|
| EGP Thousands | Beginning balance | 11,470,603 | 248,148 | 4,160,601 | 149,480 | 16,028,832 | 47,432 | 16,076,264 | Profit for the year | - | - | 5,448,248 | - | 5,448,248 | 14,148 | 5,462,396 | Other comprehensive income : |
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|
|
|
|
| Net (Loss)/gain on available-for-sale financial assets | - | - | - | 22,219 | 22,219 | - | 22,219 | Cumulative foreign currencies translation differences | - | - | - | 8,588 | 8,588 | - | 8,588 | Total comprehensive income | - | - | 5,448,248 | 30,807 | 5,479,055 | 14,148 | 5,493,203 | Capital increase | 68,057 | - | - | - | 68,057 | - | 68,057 | Reserve for employee stock ownership plan (ESOP) | - | 187,000 | - | - | 187,000 | - | 187,000 | Dividend | - | - | (1,467,346) | - | (1,467,346) | (1,395) | (1,468,741) | Transferred to reserves | - | (91,688) | (3,176,762) | 3,268,450 | - | - | - | Change during the year | - | - | 545,226 | - | 545,226 | 72,892 | 618,118 | Balance at 31 December 2016 | 11,538,660 | 343,460 | 5,509,967 | 3,448,737 | 20,840,824 | 133,077 | 20,973,901 | Profit for the year | - | - | 6,778,536.0 | - | 6,778,536 | 24,050 | 6,802,586 | Other comprehensive income : |
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|
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| Net (Loss)/gain on available-for-sale financial assets | - | - | - | 537,286 | 537,286 | - | 537,286 | Cumulative foreign currencies translation differences | - | - | - | - | - | - | - | Total comprehensive income | - | - | 6,778,536 | 537,286 | 7,315,822 | 24,050 | 7,339,872 | Capital increase | 79,351 | - |
| - | 79,351 | - | 79,351 | Reserve for employee stock ownership plan (ESOP) | - | 290,884 | - | - | 290,884 | - | 290,884 | Dividend | - | - | (1,350,204) | - | (1,350,204) | - | (1,350,204) | Transferred to reserves | - | (145,010) | (4,745,361) | 4,890,371 | - | - | - | Change during the year | - | - | 684,050 | - | 684,050 | (157,127) | 526,923 | Cumulative foreign currencies translation differences | - | - | - | (8,588) | (8,588) | - | (8,588) | Balance at 31 December 2017 | 11,618,011 | 489,334 | 6,876,988 | 8,867,806 | 27,852,139 | - | 27,852,139 |
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| Consolidated cash flow statement for the year ended December 31, 2017 |
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| Notes | Dec. 31, 2017 |
| Dec. 31, 2016 |
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|
| EGP Thousands |
| EGP Thousands |
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|
|
|
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|
| Cash flow from operating activities |
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|
|
|
|
| Profit before income tax from continued operations |
| 9,292,103 |
| 7,428,903 |
|
| Profit before income tax from discontinued operations | 40 | - |
| 158,040 |
|
| Adjustments to reconcile net profit to net cash provided by operating activities |
|
|
|
|
|
| Fixed assets depreciation |
| 353,681 |
| 288,057 |
|
| Impairment charge for credit losses |
| 1,742,281 |
| 892,874 |
|
| Other provisions charges |
| 212,622 |
| 150,847 |
|
| Trading financial investments revaluation differences |
| (248,072) |
| (269,283) |
|
| Available for sale and held to maturity investments exchange revaluation differences |
| 100,078 |
| (2,219,961) |
|
| Goodwill impairment |
| - |
| 217,078 |
|
| Financial investments impairment charge |
| (83,079) |
| 82,428 |
|
| Utilization of other provisions |
| (25,463) |
| (3,696) |
|
| Other provisions no longer used |
| (97,897) |
| (78,405) |
|
| Exchange differences of other provisions |
| 11,840 |
| 583,550 |
|
| Profits from selling property, plant and equipment |
| (607) |
| (1,682) |
|
| Profits from selling financial investments |
| 99,047 |
| (35,193) |
|
| Profits from selling investments in associates |
| - |
| 90,447 |
|
| Shares based payments |
| 290,884 |
| 187,000 |
|
| Bank's share in the profits of associates |
| (38,636) |
| (131,799) |
|
| Associates financial investments revaluation differences |
| 228 |
| 683 |
|
| Operating profits before changes in operating assets and liabilities |
| 11,609,010 |
| 7,339,888 |
|
|
|
|
|
|
|
|
| Net decrease (increase) in assets and liabilities |
|
|
|
|
|
| Due from banks |
| (2,594,442) |
| 264,072 |
|
| Treasury bills and other governmental notes |
| (16,466,420) |
| (16,057,258) |
|
| Trading financial assets |
| (4,601,991) |
| 3,672,526 |
|
| Derivative financial instruments |
| 95,161 |
| (2,918) |
|
| Loans and advances to banks and customers |
| (4,019,132) |
| (29,440,654) |
|
| Other assets |
| (1,121,981) |
| (4,450,111) |
|
| Due to banks |
| (1,131,078) |
| 1,408,227 |
|
| Due to customers |
| 18,802,058 |
| 76,506,379 |
|
| Income tax obligations paid |
| (2,017,034) |
| (1,949,694) |
|
| Other liabilities |
| 1,897,201 |
| 4,354,673 |
|
| Net cash provided from operating activities |
| 451,352 |
| 41,645,130 |
|
|
|
|
|
|
|
|
| Cash flow from investing activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from redemption of subsidiary and associates |
| 750 |
| (12,036) |
|
| Payment (proceeds) for purchases and sell of subsidiary and associates |
| (44,318) |
| 176,161 |
|
| Payment for purchases of property, plant, equipment and branches constructions |
| (745,089) |
| (560,631) |
|
| Proceeds from redemption of held to maturity financial investments |
| 13,354,468 |
| 4,094 |
|
| Payment for purchases of held to maturity financial investments |
| (4,597,254) |
| (44,667,810) |
|
| Payment for purchases of available for sale financial investments |
| (25,868,230) |
| (3,334,122) |
|
| Proceeds from selling available for sale financial investments |
| 1,261,980 |
| 46,370,851 |
|
| Proceeds from selling non current assets held for sale |
| 628,521 |
| (2,989) |
|
| Goodwill impairment |
| - |
| - |
|
| Non current assets held for sale |
| 428,011 |
| - |
|
| Net cash used in investing activities |
| (15,581,161) |
| (2,026,482) |
|
|
|
|
|
|
|
|
|
|
|
| Consolidated cash flow statement for the year ended December 31, 2017 | (Cont.) |
|
|
|
|
|
|
|
| Dec. 31, 2017 |
| Dec. 31, 2016 |
|
|
|
| EGP Thousands |
| EGP Thousands |
|
|
|
|
|
|
|
|
| Cash flow from financing activities |
|
|
|
|
|
| Increase (decrease) in long term loans |
| 3,524,063 |
| 28,915 |
|
| Dividend paid |
| (1,350,204) |
| (1,463,450) |
|
| Capital increase |
| 79,351 |
| 68,057 |
|
| Payment related to finanace lease |
| (3,588) |
| (12,380) |
|
| Net cash used in financing activities |
| 2,249,622 |
| (1,378,858) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in cash and cash equivalent during the year |
| (12,880,187) |
| 38,239,790 |
|
| Beginning balance of cash and cash equivalent |
| 52,675,691 |
| 14,435,901 |
|
| Cash and cash equivalent at the end of the year |
| 39,795,504 |
| 52,675,691 |
|
|
|
|
|
|
|
|
| Cash and cash equivalent comprise: |
|
|
|
|
|
| Cash and balances with central bank |
| 14,663,289 |
| 10,522,040 |
|
| Due from banks |
| 45,319,766 |
| 58,011,034 |
|
| Treasury bills and other governmental notes |
| 54,478,202 |
| 39,177,184 |
|
| Obligatory reserve balance with CBE |
| (8,878,986) |
| (5,438,235) |
|
| Due from banks with maturities more than three months |
| (11,132,919) |
| (11,408,904) |
|
| Treasury bills with maturity more than three months |
| (54,653,848) |
| (38,187,428) |
|
| Total cash and cash equivalent |
| 39,795,504 |
| 52,675,691 |
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Last checked at