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

Condensed Separate Interim Cash flows for the period ended March 31, 2022

Notes

Mar. 31, 2022

Mar. 31, 2021

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax

6,124,379

4,091,786

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

Fixed assets depreciation

16

210,105

194,609

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

(147,259)

720,756

Other provisions charges

21

1,036,307

114,144

Impairment charge for credit losses (due from banks)

4,977

(4,030)

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

101,757

(14,644)

Impairment (Released) charge for other assets

(277,768)

12,676

Exchange revaluation differences for financial assets at fair value through OCI

63

23,042

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

-

(72,957)

Utilization of other provisions

21

(156)

(43,518)

Other provisions no longer used

21

(385)

(5,872)

Exchange differences of other provisions

21

278,463

(15,271)

Losses (profits) from selling property and equipment

(50)

(1,250)

Losses (profits) from selling financial investments

13

(1,021,334)

(420,698)

Shares based payments

175,235

162,451

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

6,484,334

4,741,224

Net decrease (increase) in assets and liabilities

Due from banks

25,542,432

(12,278,859)

Financial assets at fair value through P&L

13

239,339

18,839

Derivative financial instruments

(680,290)

(66,183)

Loans and advances to banks and customers

11 - 12

(12,715,125)

(2,173,587)

Other assets

1,851,768

(284,984)

Due to banks

17

2,833,129

(6,304,086)

Due to customers

18

21,553,142

25,076,047

Income tax obligations paid

(261,790)

(29,046)

Other liabilities

1,876,780

(236,449)

Net cash used in (generated from) operating activities

46,723,719

8,462,916

Cash flow from investing activities

Proceeds (payments) for investment in associates.

-

(158,360)

Payment for purchases of property, equipment and branches constructions

(76,753)

(347,656)

Proceeds from selling property and equipment

50

1,250

Proceeds from redemption of financial assets at amortized cost

2,609,283

346,898

Payment for purchases of financial assets at amortized cost

(2,430,124)

(3,844)

Payment for purchases of financial assets at fair value through OCI

(68,194,467)

(55,216,492)

Proceeds from selling financial assets at fair value through OCI

78,071,439

34,497,956

Net cash generated from (used in) investing activities

9,979,428

(20,880,248)

Condensed Separate Interim Cash flows for the period ended March 31, 2022 (Cont.)

Mar. 31, 2022

Mar. 31, 2021

EGP Thousands

EGP Thousands

Cash flow from financing activities

Received (Repaid) in long term loans

1,035,994

(14,410)

Dividend paid

(4,410,322)

(1,360,652)

Issued debt instruments

253,338

-

Capital increase

122,716

-

Net cash generated from (used in) financing activities

(2,998,274)

(1,375,062)

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

53,704,873

(13,792,394)

Beginning balance of cash and cash equivalent

60,891,899

75,965,247

Cash and cash equivalent at the end of the period

114,596,772

62,172,853

Cash and cash equivalent comprise:

Cash and balances at the central bank

30,471,454

21,580,813

Due from banks

120,943,837

97,088,303

Treasury bills and other governmental notes

10

40,371,415

52,339,135

Obligatory reserve balance with CBE

(26,030,335)

(15,671,568)

Due from banks with maturities more than three months

(10,245,456)

(40,498,431)

Treasury bills with maturity more than three months

(40,914,143)

(52,665,399)

Total cash and cash equivalent

114,596,772

62,172,853

Condensed Separate Interim statement of changes in shareholders' equity for the period ended March 31, 2021

Mar. 31, 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

-

-

-

-

-

-

-

2,876,300

-

2,876,300

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

-

-

-

-

-

(1,674,309)

-

-

-

(1,674,309)

Transferred (from) to bank risk reserve

-

-

-

-

-

-

2,718

(2,718)

-

-

ECL for impairment of debt instruments investments

-

-

-

-

-

(14,644)

-

-

-

(14,644)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

162,451

162,451

Ending balance

14,776,813

3,293,074

33,186,137

1,549,445

16,000

2,177,628

9,141

3,166,768

1,227,099

59,402,105

Condensed Separate Interim statement of changes in shareholders' equity for the period ended March 31, 2022

Mar. 31, 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

-

502,922

-

-

-

-

-

(502,922)

122,716

Transferred to reserves

-

670,872

8,333,404

-

2,947

-

-

(9,007,223)

-

-

Dividend paid

-

-

-

-

-

-

-

(4,410,322)

-

(4,410,322)

Net profit of the year

-

-

-

-

-

-

-

4,239,592

-

4,239,592

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

-

-

-

-

-

(4,201)

-

4,201

-

-

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

-

-

-

-

-

(3,958,945)

-

-

-

(3,958,945)

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

-

-

-

-

-

101,561

-

-

-

101,561

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

175,235

175,235

Ending balance

19,825,134

3,963,946

37,096,858

1,549,445

18,947

(3,222,354)

11,981

4,607,343

1,346,705

65,198,005