| | | | | | Notes | Jun. 30, 2019 | | Jun. 30, 2018 | | EGP Thousands | | EGP Thousands | | | | | | Net profit for the period | | 5,354,500 | | 4,424,412 | Reserve for financial assets at fair value through OCI | | 2,729,193 | | (2,410,531) | Cumulative foreign currencies translation differences | | 4,182 | | - | Total other comprehensive income for the period | | 8,087,875 | | 2,013,881 | | | | | | | | | | | Consolidated cash flow for the period ended June 30, 2019 | | Notes | Jun. 30, 2019 | | Jun. 30, 2018 | | | EGP Thousands | | EGP Thousands | | | | | | Cash flow from operating activities | | | | | Profit before income tax from continued operations | | 7,395,936 | | 5,924,545 | Adjustments to reconcile net profit to net cash provided by operating activities | | | | | Fixed assets depreciation | 24 | 275,052 | | 180,206 | Impairment charge for credit losses | 12 | 875,635 | | 1,291,167 | Other provisions charges | 29 | 3,140 | | 99,715 | Provisions charges - due from banks | 12 | 29,156 | | - | Provisions charges - financial investments | 12 | (109,667) | | - | Impairment charge for other assets | 23 | 52,772 | | 214,000 | Exchange revaluation differences for financial assets at fair value through OCI | 21 | 886,795 | | (91,952) | Intangible assets amortization | 40 | 65,104 | | 65,104 | Impairment charge financial assets at fair value through OCI | 21 | 45,664 | | 19,842 | Exchange differences in financial investments in subsidiary | 22 | 3,020 | | - | Utilization of other provisions | 29 | 1,878 | | (872) | Other provisions no longer used | 29 | (126,575) | | (62,000) | Exchange differences of other provisions | 29 | (69,724) | | (790) | Profits from selling property, plant and equipment | 11 | (1,439) | | - | (Profits) losses from selling financial investments | 21 | (65,445) | | (421,837) | Shares based payments | | 247,998 | | 215,861 | Bank's share in the profits of associates | | 1,101 | | (7,457) | Operating profits before changes in operating assets and liabilities | | 9,510,401 | | 7,425,532 | | | | | | Net decrease (increase) in assets and liabilities | | | | | Due from banks | 16 | (25,049,337) | | (27,757,024) | Treasury bills and other governmental notes | 41 | 24,315,394 | | 20,314,670 | Financial assets at fair value through P&L | 21 | 2,262,513 | | 389,097 | Derivative financial instruments | 20 | (75,592) | | (42,938) | Loans and advances to banks and customers | 18 - 19 | (4,776,117) | | (19,945,443) | Other assets | 42 | 1,289,326 | | (567,525) | Due to banks | 25 | (5,879,606) | | 3,779,710 | Due to customers | 26 | 20,265,649 | | 16,102,770 | Income tax obligations paid | | (3,625,579) | | (2,778,973) | Other liabilities | 28 | (1,225,572) | | (1,480,689) | Net cash provided from operating activities | | 17,011,480 | | (4,560,813) | | | | | | Cash flow from investing activities | | | | | Payment for purchases of associates | | - | | (10,575) | Payment for purchases of property, plant, equipment and branches constructions | | (840,953) | | (404,485) | Proceeds from selling property, plant and equipment | 11 | 1,439 | | - | Proceeds from redemption of financial assets at amortized cost | 21 | 33,290,053 | | 4,982,600 | Payment for purchases of financial assets at amortized cost | 21 | (32,633,462) | | - | Payment for purchases of financial assets at fair value through OCI | 21 | (11,433,512) | | (10,731,239) | Proceeds from selling financial assets at fair value through OCI | | 5,105,870 | | 724,732 | Net cash used in investing activities | | (6,510,565) | | (5,438,967) | | | | | | Consolidated cash flow for the period ended June 30, 2019 (Cont.) | | | | | | | Jun. 30, 2019 | | Jun. 30, 2018 | | | EGP Thousands | | EGP Thousands | Cash flow from financing activities | | | Increase in long term loans | 27 | (230,801) | 24,901 | Dividend paid | | (2,700,544) | (2,143,177) | Net cash used in (provided from) financing activities | | (2,931,345) | (2,118,276) | | | | | | | Net increase (decrease) in cash and cash equivalent during the period | | 7,569,570 | (12,118,056) | Beginning balance of cash and cash equivalent | | 34,303,645 | 49,208,837 | Cash and cash equivalent at the end of the period | | 41,873,215 | 37,090,781 | | | | | | | | Cash and cash equivalent comprise: | | | Cash and balances with central bank | 15 | 24,993,377 | 24,601,352 | Due from banks | 16 | 66,543,158 | 51,245,308 | Treasury bills and other governmental notes | 17 | 25,344,096 | 33,938,896 | Obligatory reserve balance with CBE | 15 | (15,980,212) | (14,042,817) | Due from banks with maturities more than three months | | (33,329,274) | (24,312,780) | Treasury bills with maturity more than three months | | (25,697,930) | (34,339,178) | Total cash and cash equivalent | | 41,873,215 | 37,090,781 | | | | | | |
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