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

Condensed Consolidated Interim Cash flows for the period ended September 30, 2021

Notes

Sep. 30, 2021

Sep. 30, 2020

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

13,979,431

11,239,451

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

Fixed assets depreciation

14

636,413

558,536

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

1,383,887

3,761,456

Other provisions charges

18

190,525

974,522

Impairment charge for credit losses (due from banks)

37,880

13,218

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

(98,246)

88,192

Impairment (Released) charge for other assets

31,975

56,245

Exchange revaluation differences for financial assets at fair value through OCI

40,050

238,906

Goodwill amortization

23

58,448

20,302

Intangible assets amortization

24

14,685

-

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

-

79,126

Utilization of other provisions

18

(44,978)

(1,479)

Other provisions no longer used

18

(12,255)

(6,022)

Exchange differences of other provisions

18

(13,722)

(17,670)

Profits from selling property and equipment

(2,124)

(872)

Losses (profits) from selling financial investments

12

(643,467)

(979,144)

Impairment (Released) charges of investments in associates and subsidiaries

(15,016)

14,100

Shares based payments

477,644

447,694

Bank's share in the profits of associates

(18,354)

(24,327)

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

16,002,776

16,462,234

Net decrease (increase) in assets and liabilities

Due from banks

(272,238)

(5,972,551)

Financial assets at fair value through P&L

12

153,260

74,562

Derivative financial instruments

(24,448)

(3,735)

Loans and advances to banks and customers

10 - 11

(20,943,748)

(2,977,814)

Other assets

(1,611,672)

592,680

Due to banks

15

(7,271,485)

(2,990,512)

Due to customers

16

63,033,657

27,878,364

Income tax obligations paid

(2,153,441)

(4,389,254)

Other liabilities

1,706,495

(4,589,999)

Net cash used in (generated from) operating activities

48,619,156

24,083,975

Cash flow from investing activities

Proceeds from Investments in associates.

-

750

Proceeds (payments) for investment in associates.

(158,360)

-

Payment for purchases of property, equipment and branches constructions

(677,464)

(921,312)

Proceeds from selling property and equipment

2,124

872

Proceeds from redemption of financial assets at amortized cost

4,753,398

37,493,345

Payment for purchases of financial assets at amortized cost

(2,617)

-

Payment for purchases of financial assets at fair value through OCI

(208,509,917)

(55,823,590)

Proceeds from selling financial assets at fair value through OCI

147,101,717

24,041,845

Proceeds from investment in subsidiaries.

-

194,722

Net cash generated from (used in) investing activities

(57,491,119)

4,986,632

Condensed Consolidated Interim Cash flows for the period ended September 30, 2021 (Cont.)

Sep. 30, 2021

Sep. 30, 2020

EGP Thousands

EGP Thousands

Cash flow from financing activities

Received (Repaid) in long term loans

(2,113,845)

4,492,249

Dividend paid

(1,360,652)

(3,370,464)

Issued debt instruments

1,556,032

-

Capital increase

-

85,992

Net cash generated from (used in) financing activities

(1,918,465)

1,207,777

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

(10,790,428)

30,278,384

Beginning balance of cash and cash equivalent

75,796,375

22,895,017

Cash and cash equivalent at the end of the period

65,005,947

53,173,401

Cash and cash equivalent comprise:

Cash and balances at the central bank

33,326,348

35,786,423

Due from banks

72,296,624

56,934,238

Treasury bills and other governmental notes

9

65,656,846

32,133,958

Obligatory reserve balance with CBE

(27,265,818)

(30,004,955)

Due from banks with maturities more than three months

(16,980,376)

(8,958,909)

Treasury bills with maturity more than three months

(62,027,677)

(32,717,354)

Total cash and cash equivalent

65,005,947

53,173,401

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended September 30, 2020

Sep. 30, 2020

Issued and paid up capital

Legal reserve

General reserve

General risk reserve

Reserve for transactions under common control

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders Equity

Minority Interest

Total

EGP Thousands

Beginning balance

14,690,821

2,188,029

16,474,429

1,549,445

-

13,466

4,111,781

5,164

11,881,657

963,152

2,501

51,880,445

-

51,880,445

Capital increase

85,992

-

-

-

-

-

-

-

-

-

-

85,992

-

85,992

Transferred to reserves

-

590,106

7,840,287

-

-

1,440

-

-

(8,431,833)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(3,370,464)

-

-

(3,370,464)

-

(3,370,464)

Minority interest

-

-

-

-

-

-

-

-

-

-

-

-

343,954

343,954

Net profit of the period

-

-

-

-

-

-

-

-

7,346,392

-

-

7,346,392

(2,100)

7,344,292

Transferred from reserve of financial assets at fair value through OCI

-

-

-

-

-

-

(76,717)

-

76,717

-

-

-

-

-

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

-

-

-

-

-

-

(2,292,039)

-

-

-

-

(2,292,039)

-

(2,292,039)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

1,259

(1,259)

-

-

-

-

-

ECL for impairment of debt instruments investments

-

-

-

-

-

-

88,192

-

-

-

-

88,192

-

88,192

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

447,694

-

447,694

-

447,694

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

(1,187)

(1,187)

-

(1,187)

Balance at the end of the period

14,776,813

2,778,135

24,314,716

1,549,445

-

14,906

1,831,217

6,423

7,501,210

1,410,846

1,314

54,185,025

341,854

54,526,879

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

Sep. 30, 2021

Issued and paid up capital

Legal reserve

General reserve

General risk reserve

Reserve for transactions under common control

Capital reserve

Reserve for financial assets at fair value through OCI

Banking risks reserve

Retained earnings

Reserve for employee stock ownership plan

Cumulative foreign currencies translation differences

Total Shareholders Equity

Minority Interest

Total

EGP Thousands

Beginning balance

14,776,813

2,778,135

24,765,658

1,549,445

8,183

14,906

3,975,514

6,423

10,539,715

1,064,648

(3,684)

59,475,756

483,055

59,958,811

Capital increase

4,925,605

-

(4,925,605)

-

-

-

-

-

-

-

-

-

-

-

Transferred to reserves

-

514,939

8,420,479

1,461

-

1,094

-

-

(8,937,973)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(1,360,652)

-

-

(1,360,652)

-

(1,360,652)

Minority Interest share

-

-

-

-

-

-

-

-

-

-

-

-

(25,219)

(25,219)

Net profit of the period

-

-

-

-

-

-

-

-

9,877,295

-

-

9,877,295

(1,932)

9,875,363

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

-

-

-

-

-

-

(177,362)

-

177,362

-

-

-

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

8,333

-

-

8,333

-

8,333

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

-

-

-

-

-

-

(2,375,618)

-

-

-

-

(2,375,618)

-

(2,375,618)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

2,718

(2,718)

-

-

-

-

-

Effect of ECL in fair value of debt instruments measured at fair value through OCI

-

-

-

-

-

-

(98,246)

-

-

-

-

(98,246)

-

(98,246)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

477,644

-

477,644

-

477,644

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

1,048

1,048

-

1,048

Balance at the end of the period

19,702,418

3,293,074

28,260,532

1,550,906

8,183

16,000

1,324,288

9,141

10,301,362

1,542,292

(2,636)

66,005,560

455,904

66,461,464