| | | | | | Notes | Sep. 30, 2019 | | Sep. 30, 2018 | | EGP Thousands | | EGP Thousands | | | | | | Net profit for the period | | 8,537,594 | | 7,019,141 | Reserve for financial assets at fair value through OCI | | 5,199,526 | | (3,313,259) | Cumulative foreign currencies translation differences | | 3,747 | | - | Total other comprehensive income for the period | | 13,740,867 | | 3,705,882 | | | | | | | | | | | Consolidated cash flow for the period ended September 30, 2019 | | Notes | Sep. 30, 2019 | | Sep. 30, 2018 | | | EGP Thousands | | EGP Thousands | | | | | | Cash flow from operating activities | | | | | Profit before income tax from continued operations | | 11,773,726 | | 9,411,654 | Adjustments to reconcile net profit to net cash provided by operating activities | | | | | Fixed assets depreciation | 24 | 425,637 | | 279,798 | Impairment charge for credit losses | 12 | 1,256,000 | | 2,803,402 | Other provisions charges | 29 | 12,494 | | 90,731 | Provisions charges - due from banks | 12 | 23,161 | | - | Provisions charges - financial investments | 12 | (71,846) | | - | Impairment charge for other assets | 23 | 83,213 | | 242,481 | Exchange revaluation differences for financial assets at fair value through OCI | 21 | 1,303,741 | | (103,827) | Intangible assets amortization | 40 | 97,656 | | 97,656 | Impairment charge financial assets at fair value through OCI | 21 | 45,664 | | 19,721 | Exchange differences in financial investments in subsidiary | 22 | 4,104 | | - | Utilization of other provisions | 29 | (27,733) | | (969) | Other provisions no longer used | 29 | (96,499) | | (45,079) | Exchange differences of other provisions | 29 | (103,531) | | 2,776 | Profits from selling property, plant and equipment | 11 | (1,439) | | (1,045) | (Profits) losses from selling financial investments | 21 | (310,329) | | (421,874) | Shares based payments | | 371,997 | | 324,510 | Bank's share in the profits of associates | | (291) | | (16,346) | Operating profits before changes in operating assets and liabilities | | 14,785,725 | | 12,683,589 | | | | | | Net decrease (increase) in assets and liabilities | | | | | Due from banks | 16 | (13,052,086) | | (42,520,192) | Treasury bills and other governmental notes | 41 | 4,974,205 | | 6,405,425 | Financial assets at fair value through P&L | 21 | 2,252,280 | | 3,182,127 | Derivative financial instruments | 20 | (67,282) | | (42,783) | Loans and advances to banks and customers | 18 - 19 | (4,796,325) | | (18,806,624) | Other assets | 42 | 247,459 | | (3,368,677) | Due to banks | 25 | (5,431,711) | | (513,151) | Due to customers | 26 | 22,548,279 | | 29,858,162 | Income tax obligations paid | | (3,625,579) | | (2,778,973) | Other liabilities | 28 | 1,862,821 | | 1,459,794 | Net cash provided from operating activities | | 19,697,786 | | (14,441,303) | | | | | | Cash flow from investing activities | | | | | Payment for purchases of associates | | - | | (10,575) | Payment for purchases of property, plant, equipment and branches constructions | | (1,067,918) | | (652,768) | Proceeds from selling property, plant and equipment | 11 | 1,439 | | 1,045 | Proceeds from redemption of financial assets at amortized cost | 21 | 33,937,957 | | 7,321,780 | Payment for purchases of financial assets at amortized cost | 21 | (47,344,534) | | (4,703,236) | Payment for purchases of financial assets at fair value through OCI | 21 | (26,637,577) | | (11,372,289) | Proceeds from selling financial assets at fair value through OCI | | 5,350,754 | | 1,985,962 | Net cash used in investing activities | | (35,759,879) | | (7,430,081) | | | | | | Consolidated cash flow for the period ended September 30, 2019 (Cont.) | | | | | | | Sep. 30, 2019 | | Sep. 30, 2018 | | | EGP Thousands | | EGP Thousands | Cash flow from financing activities | | | Increase in long term loans | 27 | (321,235) | 4,358 | Dividend paid | | (2,700,544) | (2,143,177) | Capital Increase | | - | 50,315 | Net cash used in (provided from) financing activities | | (3,021,779) | (2,088,504) | | | | | | | Net increase (decrease) in cash and cash equivalent during the period | | (19,083,872) | (23,959,888) | Beginning balance of cash and cash equivalent | | 34,303,645 | 49,208,837 | Cash and cash equivalent at the end of the period | | 15,219,773 | 25,248,949 | | | | | | | | Cash and cash equivalent comprise: | | | Cash and balances with central bank | 15 | 27,205,020 | 33,253,111 | Due from banks | 16 | 25,629,602 | 45,038,599 | Treasury bills and other governmental notes | 17 | 44,736,504 | 48,324,427 | Obligatory reserve balance with CBE | 15 | (20,770,245) | (23,004,955) | Due from banks with maturities more than three months | | (16,541,989) | (30,113,810) | Treasury bills with maturity more than three months | | (45,039,119) | (48,248,423) | Total cash and cash equivalent | | 15,219,773 | 25,248,949 | | | | | | |
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