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

Consolidated Cash Flow for the Year Ended December 31, 2021

Notes

Dec. 31, 2021

Dec. 31, 2020

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

18,833,357

15,236,308

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

Fixed assets depreciation

24

885,060

733,032

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

12

1,756,505

4,806,518

Other provisions charges

30

381,138

1,234,980

Impairment charge for credit losses (due from banks)

12

16,808

7,081

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

12

(93,566)

205,182

Impairment (Released) charge for other assets

31,975

69,217

Exchange revaluation differences for financial assets at fair value through OCI and at amortized cost

21

17,261

249,642

Goodwill amortization

43

41,257

27,505

Intangible assets amortization

44

10,366

6,911

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

21

-

79,126

Utilization of other provisions

30

(45,483)

(2,382)

Other provisions no longer used

30

(2,451)

(13,273)

Exchange differences of other provisions

30

(15,243)

(7,193)

Profits from selling property and equipment

11

(2,947)

(1,094)

Losses (profits) from selling financial investments

21

(702,776)

(1,018,469)

Impairment (Released) charges of investments in associates and subsidiaries

21

107,913

16,511

Shares based payments

609,744

552,438

Bank's share in the profits of associates

(14,996)

(22,426)

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

21,813,922

22,159,614

Net decrease (increase) in assets and liabilities

Due from banks

15 - 16

(17,183,300)

(10,899,927)

Financial assets at fair value through P&L

21

118,972

58,822

Derivative financial instruments

20

(42,220)

16,109

Loans and advances to banks and customers

18 - 19

(27,280,547)

(5,020,609)

Other assets

41

(2,135,921)

568,988

Due to banks

25

(7,951,479)

(2,993,072)

Due to customers

26

66,072,088

36,720,995

Income tax obligations paid

(3,444,749)

(3,779,782)

Other liabilities

29

1,499,027

(7,645,182)

Net cash generated from operating activities

31,465,793

29,185,956

Cash flow from investing activities

Proceeds from Investments in associates.

-

750

Payment for purchases of associates

(158,360)

-

Payment for purchases of property, equipment and branches constructions

(981,186)

(1,091,829)

Proceeds from selling property and equipment

11

2,947

1,094

Proceeds from redemption of financial assets at amortized cost

21

4,741,459

82,309,481

Payment for purchases of financial assets at amortized cost

21

(3,844)

(233,765)

Payment for purchases of financial assets at fair value through OCI

21

(250,679,698)

(112,791,966)

Proceeds from selling financial assets at fair value through OCI

203,315,958

54,137,187

Proceeds from investment in subsidiaries.

-

194,722

Net cash used in (generated from) investing activities

(43,762,724)

22,525,674

Consolidated Cash Flow for the Year Ended December 31, 2021 (Cont.)

Dec. 31, 2021

Dec. 31, 2020

EGP Thousands

EGP Thousands

Cash flow from financing activities

Decreased (increase) in long term loans

28

(2,606,164)

4,474,200

Dividend paid

(1,384,721)

(3,370,464)

Issued debt instruments

1,557,263

-

Capital increase

-

85,992

Net cash used in (generated from) financing activities

(2,433,622)

1,189,728

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

(14,730,553)

52,901,358

Beginning balance of cash and cash equivalent

75,796,375

22,895,017

Cash and cash equivalent at the end of the year

61,065,822

75,796,375

Cash and cash equivalent comprise:

Cash and balances at the central bank

15

43,492,248

33,768,549

Due from banks

16

80,182,766

87,450,490

Treasury bills and other governmental notes

17

41,579,504

39,497,692

Obligatory reserve balance with CBE

15

(38,100,936)

(27,744,700)

Due from banks with maturities more than three months

(23,801,430)

(16,974,367)

Treasury bills with maturity more than three months

(42,286,330)

(40,201,289)

Total cash and cash equivalent

61,065,822

75,796,375

Consolidated Statement of Changes in Shareholders' Equity for the Year Ended December 31, 2020

Dec. 31, 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

8,291,229

-

-

1,440

-

-

(8,431,833)

(450,942)

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(3,370,464)

-

-

(3,370,464)

-

(3,370,464)

Minority interest

-

-

-

-

-

-

-

-

-

-

-

-

485,779

485,779

Net profit of the year

-

-

-

-

-

-

-

-

10,238,157

-

-

10,238,157

(1,834)

10,236,323

Transferred from reserve of financial assets at fair value through OCI

-

-

-

-

-

-

(76,717)

-

76,717

-

-

-

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

101,013

-

-

101,013

-

101,013

Change in retained earnings from acquisition of subsidiaries

-

-

-

-

-

-

-

-

45,727

-

-

45,727

-

45,727

Reserve for transactions under common control

-

-

-

-

8,183

-

-

-

-

-

-

8,183

-

8,183

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

-

-

-

-

-

-

(264,732)

-

-

-

-

(264,732)

-

(264,732)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

1,259

(1,259)

-

-

-

-

-

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

-

-

-

-

-

-

205,182

-

-

-

-

205,182

-

205,182

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

552,438

-

552,438

-

552,438

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

(6,185)

(6,185)

(890)

(7,075)

Balance at the end of the year

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

Consolidated Statement of Changes in Shareholders' Equity for the Year Ended December 31, 2021

Dec. 31, 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)

(24,069)

(1,384,721)

Minority Interest share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net profit of the year

-

-

-

-

-

-

-

-

13,272,209

-

-

13,272,209

(4,451)

13,267,758

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

-

-

-

-

-

-

(177,488)

-

177,488

-

-

-

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

8,333

-

-

8,333

-

8,333

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

-

-

-

-

-

-

(3,063,088)

-

-

-

-

(3,063,088)

-

(3,063,088)

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

-

-

-

-

-

-

(93,566)

-

-

-

-

(93,566)

-

(93,566)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

609,744

-

609,744

-

609,744

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

(534)

(534)

-

(534)

Balance at the end of the year

19,702,418

3,293,074

28,260,532

1,550,906

8,183

16,000

641,372

9,141

13,696,402

1,674,392

(4,218)

68,848,202

454,535

69,302,737