Condensed Separate Interim Cash flows for the period ended September 30, 2020 | | | | | | | | | Notes | Sep. 30, 2020 | | Sep. 30, 2019 | | | | EGP Thousands | | EGP Thousands | | | | | | | | Cash flow from operating activities | | | | | | Profit before income tax | | 11,290,726 | | 11,777,254 | | Adjustments to reconcile net profit to net cash provided by operating activities | | | | | | Fixed assets depreciation | 14 | 503,005 | | 425,637 | | Impairment charge for credit losses (Loans and advances to customers and banks) | | 3,761,572 | | 1,256,000 | | Other provisions charges | 17 | 972,522 | | 12,494 | | Impairment charge for credit losses (due from banks) | | 12,395 | | 23,161 | | Impairment charge for credit losses (financial investments) | | 88,192 | | (71,846) | | Impairment charge for other assets | | 56,245 | | 83,213 | | Exchange revaluation differences for financial assets at fair value through OCI | | 238,906 | | 1,303,741 | | Intangible assets amortization | | - | | 97,656 | | Impairment charge financial assets at fair value through OCI | | 79,126 | | 45,664 | | Utilization of other provisions | 17 | (1,479) | | (27,733) | | Other provisions no longer used | 17 | (6,022) | | (96,499) | | Exchange differences of other provisions | 17 | (17,670) | | (103,531) | | (Profits) losses from selling property, plant and equipment | | (872) | | (1,439) | | (Profits) losses from selling financial investments | 12 | (979,144) | | (310,329) | | Shares based payments | | 447,694 | | 371,997 | | Released (Impairment) charges of investments in associates and subsidiaries | | 14,100 | | - | | Operating profits before changes in operating assets and liabilities | | 16,459,296 | | 14,785,440 | | | | | | | | Net decrease (increase) in assets and liabilities | | | | | | Due from banks | | (5,824,055) | | (13,052,086) | | Treasury bills and other governmental notes | | (4,325,377) | | 4,974,205 | | Financial assets at fair value through P&L | 12 | 74,562 | | 2,252,280 | | Derivative financial instruments | | (4,144) | | (67,282) | | Loans and advances to banks and customers | 10 - 11 | (2,311,001) | | (4,796,325) | | Other assets | | 653,639 | | 247,536 | | Due to banks | 15 | (2,999,346) | | (5,431,711) | | Due to customers | 16 | 26,727,228 | | 22,543,760 | | Income tax obligations paid | | (4,389,254) | | (3,625,579) | | Other liabilities | | (4,645,456) | | 1,862,133 | | Net cash used in (generated from) operating activities | | 19,416,092 | | 19,692,371 | | | | | | | | Cash flow from investing activities | | | | | | Proceeds from investments in associates. | | 750 | | - | | Payments for investment in subsidiaries and associates. | | (680,836) | | - | | Payment for purchases of property, plant, equipment and branches constructions | | (809,475) | | (1,066,607) | | Proceeds from selling property, plant and equipment | | 872 | | 1,439 | | Proceeds from redemption of financial assets at amortized cost | | 37,493,345 | | 33,937,957 | | Payment for purchases of financial assets at amortized cost | | - | | (47,344,534) | | Payment for purchases of financial assets at fair value through OCI | | (51,331,273) | | (26,637,577) | | Proceeds from selling financial assets at fair value through OCI | | 24,096,252 | | 5,354,858 | | Net cash generated from (used in) investing activities | | 8,769,635 | | (35,754,464) | | | | | | | | | Cash flow from financing activities | | | | | | Increase (decrease) in long term loans | | 4,492,249 | | (321,235) | | Dividend paid | | (3,370,464) | | (2,700,544) | | Capital increase | | 85,992 | | - | | Net cash generated from (used in) financing activities | | 1,207,777 | | (3,021,779) | | | | | | | | | | | | | | Net increase (decrease) in cash and cash equivalent during the period | | 29,393,504 | | (19,083,872) | | Beginning balance of cash and cash equivalent | | 22,895,017 | | 34,303,645 | | Cash and cash equivalent at the end of the period | | 52,288,521 | | 15,219,773 | | | | | | | | Cash and cash equivalent comprise: | | | | | | Cash and balances at the central bank | 7 | 35,579,884 | | 27,205,020 | | Due from banks | | 56,274,241 | | 25,629,602 | | Treasury bills and other governmental notes | 9 | 31,967,018 | | 44,736,504 | | Obligatory reserve balance with CBE | 7 | (29,856,359) | | (20,770,245) | | Due from banks with maturities more than three months | | (8,958,909) | | (16,541,989) | | Treasury bills with maturity more than three months | | (32,717,354) | | (45,039,119) | | Total cash and cash equivalent | | 52,288,521 | | 15,219,773 | | | | | | |
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Condensed Separate Interim statement of changes in shareholders' equity for the period ended September 30, 2019 | Sep. 30, 2019 | 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 | 11,668,326 | 1,710,293 | 12,776,215 | 1,549,445 | 12,421 | (1,860,851) | 4,323 | 9,555,755 | 738,320 | 36,154,247 | Capital increase | 2,917,082 | - | (2,917,082) | - | - | - | - | - | - | - | Transferred to reserves | - | 477,736 | 6,375,589 | - | 1,045 | - | - | (6,854,370) | - | - | Dividend paid | - | - | - | - | - | - | - | (2,700,544) | - | (2,700,544) | Net profit for the period | - | - | - | - | - | - | - | 8,541,122 | - | 8,541,122 | Net unrealised gain/(loss) on financial assets at fair value through OCI | - | - | - | - | - | 5,271,372 | - | - | - | 5,271,372 | Transferred (from) to bank risk reserve | - | - | - | - | - | - | 841 | (841) | - | - | ECL for impairment of debt instruments investments | - | - | - | - | - | (71,846) | - | - | - | (71,846) | Cost of employees stock ownership plan (ESOP) | - | - | - | - | - | - | - | - | 371,997 | 371,997 | Ending balance | 14,585,408 | 2,188,029 | 16,234,722 | 1,549,445 | 13,466 | 3,338,675 | 5,164 | 8,541,122 | 1,110,317 | 47,566,348 | | | | | | | | | | | | Condensed Separate 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 | 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 | 14,690,821 | 2,188,029 | 16,474,429 | 1,549,445 | 13,466 | 4,111,781 | 5,164 | 11,803,555 | 963,152 | 51,799,842 | Capital increase | 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) | Net profit for the period | - | - | - | - | - | - | - | 7,395,567 | - | 7,395,567 | Transferred from reserve for financial assets at fair value through OCI | - | - | - | - | - | (76,717) | - | 76,717 | - | - | Net unrealised gain/(loss) on financial assets at fair value through OCI | - | - | - | - | - | (2,290,581) | - | - | - | (2,290,581) | Transferred (from) to bank risk reserve | - | - | - | - | - | - | 1,259 | (1,259) | - | - | Release provision for impairment of debt instruments investments | - | - | - | - | - | 88,192 | - | - | - | 88,192 | Cost of employees stock ownership plan (ESOP) | - | - | - | - | - | - | - | - | 447,694 | 447,694 | Ending balance | 14,776,813 | 2,778,135 | 24,314,716 | 1,549,445 | 14,906 | 1,832,675 | 6,423 | 7,472,283 | 1,410,846 | 54,156,242 | | | | | | | | | | | | | | | | | | | | | | | | | | |
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