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

Condensed Separate Interim Cash flows for the period ended June 30, 2022

Notes

Jun. 30, 2022

Jun. 30, 2021

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax

11,415,242

8,648,784

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

Fixed assets depreciation

16

427,873

411,612

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

(94,868)

1,060,008

Other provisions charges

21

1,513,984

350,323

Impairment charge for credit losses (due from banks)

5,357

13,181

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

103,960

(54,113)

Impairment (Released) charge for other assets

(277,768)

25,524

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

(2,840,747)

50,039

Impairment (Released) charge financial assets at fair value through OCI

-

(72,957)

Utilization of other provisions

21

(1,707)

(44,173)

Other provisions no longer used

21

(267)

(9,145)

Exchange differences of other provisions

21

303,949

(9,196)

Losses (profits) from selling property and equipment

(1,142)

(1,250)

Losses (profits) from selling financial investments

13

(1,065,443)

(514,837)

Shares based payments

384,255

316,514

Impairment (Released) charges of investments in associates and subsidiaries

-

10,275

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

9,872,678

10,180,589

Net decrease (increase) in assets and liabilities

Due from banks

13,240,715

(8,642,436)

Financial assets at fair value through P&L

13

239,339

151,530

Derivative financial instruments

(882,092)

(19,897)

Loans and advances to banks and customers

11 - 12

(25,746,135)

(12,680,083)

Other assets

(291,414)

(1,944,779)

Due to banks

17

2,107,063

(7,502,230)

Due to customers

18

21,455,167

44,869,003

Current income tax obligations paid

(780,370)

(973,779)

Other liabilities

(283,863)

794,030

Net cash used in (generated from) operating activities

18,931,088

24,231,948

Cash flow from investing activities

Proceeds (payments) for investment in associates.

(49,900)

(158,360)

Payment for purchases of property, equipment and branches constructions

(312,818)

(522,975)

Proceeds from selling property and equipment

1,142

1,250

Proceeds from redemption of financial assets at amortized cost

659,761

2,654,583

Payment for purchases of financial assets at amortized cost

(41,770)

(3,844)

Payment for purchases of financial assets at fair value through OCI

(67,627,930)

(111,506,191)

Proceeds from selling financial assets at fair value through OCI

45,512,886

71,451,202

Net cash generated from (used in) investing activities

(21,858,629)

(38,084,335)

Condensed Separate Interim Cash flows for the period ended June 30, 2022 (Cont.)

Jun. 30, 2022

Jun. 30, 2021

EGP Thousands

EGP Thousands

Cash flow from financing activities

Increase (decrease) in long term loans

846,869

(2,120,154)

Dividend paid

(4,410,322)

(1,360,652)

Increase (decrease) in issued debt instruments

307,661

-

Capital increase

122,716

-

Net cash generated from (used in) financing activities

(3,133,076)

(3,480,806)

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

(6,060,617)

(17,333,193)

Beginning balance of cash and cash equivalent

60,891,899

75,965,247

Cash and cash equivalent at the end of the period

54,831,282

58,632,054

Cash and cash equivalent comprise:

Cash and balances at the central bank

41,845,093

31,792,597

Due from banks

57,016,700

79,116,502

Treasury bills and other governmental notes

10

76,375,291

58,677,132

Obligatory reserve balance with CBE

(36,065,936)

(26,239,755)

Due from banks with maturities more than three months

(12,494,125)

(26,293,821)

Treasury bills with maturity more than three months

(71,845,741)

(58,420,601)

Total cash and cash equivalent

54,831,282

58,632,054

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

Jun. 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

-

-

-

-

-

-

-

-

-

-

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 year

-

-

-

-

-

-

-

6,077,342

-

6,077,342

Transferred from reserve of financial assets at fair value through OCI

-

-

-

-

-

(104,406)

-

104,406

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

8,333

-

8,333

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

-

-

-

-

-

(1,624,416)

-

-

-

(1,624,416)

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

-

-

-

-

-

(54,113)

-

-

-

(54,113)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

316,514

316,514

Ending balance

14,776,813

3,293,074

33,186,137

1,549,445

16,000

2,188,052

9,141

6,367,810

1,381,162

62,767,634

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

Jun. 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

122,716

-

-

-

-

-

-

-

-

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 year

-

-

-

-

-

-

-

7,773,991

-

7,773,991

Transferred from reserve on disposal of financial assets at fair value through OCI

-

-

-

-

-

(4,227)

-

4,227

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

(7,358,230)

-

-

-

(7,358,230)

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

-

-

-

-

-

104,188

-

-

-

104,188

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

384,255

384,255

Ending balance

19,825,134

3,963,946

37,096,858

1,549,445

18,947

(6,619,038)

11,981

8,141,768

1,555,725

65,544,766