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

Separate Balance Sheet as at December 31, 2021

Notes

Dec. 31, 2021

Dec. 31, 2020

EGP Thousands

EGP Thousands

Assets

Cash and balances at the central bank

15

43,385,222

33,572,597

Due from banks

16

79,991,287

86,997,034

Loans and advances to banks, net

18

312,216

776,980

Loans and advances to customers, net

19

144,765,808

118,854,880

Derivative financial instruments

20

225,376

248,759

Investments

- Financial Assets at Fair Value through P&L

21

240,987

359,959

- Financial Assets at Fair Value through OCI

21

192,390,931

147,646,432

- Financial assets at Amortized cost

21

20,318,767

25,020,917

- Investments in associates and subsidiaries

22

1,014,350

874,348

Other assets

23

11,141,917

9,095,212

Deferred tax assets (Liabilities)

32

460,026

437,772

Property and equipment

24

2,404,237

2,259,940

Total assets

496,651,124

426,144,830

Liabilities and equity

Liabilities

Due to banks

25

862,759

8,815,561

Due to customers

26

406,100,916

340,086,524

Derivative financial instruments

20

265,265

331,073

Current tax liabilities

2,234,985

859,582

Other liabilities

29

8,021,310

5,679,266

Issued debt instruments

27

1,557,263

-

Other loans

28

5,140,782

7,746,946

Other provisions

30

3,539,676

3,221,252

Total liabilities

427,722,956

366,740,204

Equity

Issued and paid up capital

31

19,702,418

14,776,813

Reserves

34

33,767,423

33,085,554

Reserve for employee stock ownership plan (ESOP)

34

1,674,392

1,064,648

Retained earnings *

34

13,783,935

10,477,611

Total equity and net profit for the year

68,928,168

59,404,626

Total liabilities and equity

496,651,124

426,144,830

The accompanying notes are an integral part of these financial statements.

(Audit report attached)

*

Including net profit for the current year

Hussein Abaza

Sherif Samy

CEO & Managing Director

Chairman

Separate 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

18,980,885

15,297,119

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

Fixed assets depreciation

24

858,609

677,501

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

12

1,753,908

4,777,592

Other provisions charges

30

381,601

1,232,731

Impairment charge for credit losses (due from banks)

12

17,108

6,514

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

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)

Losses (profits) from selling property and equipment

11

(2,947)

(1,094)

Losses (profits) from selling financial investments

21

(702,776)

(1,018,469)

Shares based payments

609,744

552,438

Impairment (Released) charges of investments in associates and subsidiaries

21

18,359

16,511

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

21,806,984

22,121,162

Net decrease (increase) in assets and liabilities

Due from banks

15 - 16

(17,927,084)

(10,899,927)

Financial assets at fair value through P&L

21

118,972

58,822

Derivative financial instruments

20

(42,425)

16,109

Loans and advances to banks and customers

18 - 19

(27,183,640)

(4,276,558)

Other assets

41

(2,155,845)

649,301

Due to banks

25

(7,952,802)

(2,995,046)

Due to customers

26

66,014,392

35,602,869

Income tax obligations paid

29

(3,443,674)

(3,779,782)

Other liabilities

1,490,795

(7,700,878)

Net cash generated from operating activities

30,725,673

28,796,072

Cash flow from investing activities

Proceeds from investments in associates.

-

750

Payments for investment in subsidiaries and associates.

(158,360)

(721,352)

Payment for purchases of property, equipment and branches constructions

(942,173)

(987,061)

Proceeds from selling property and equipment

11

2,947

1,094

Proceeds from redemption of financial assets at amortized cost

21

4,705,849

82,203,469

Payment for purchases of financial assets at amortized cost

21

(3,844)

-

Payment for purchases of financial assets at fair value through OCI

21

(250,190,493)

(112,382,696)

Proceeds from selling financial assets at fair value through OCI

203,196,606

54,970,226

Net cash used in (generated from) investing activities

(43,389,468)

23,084,430

Separate 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

(1,360,652)

(3,370,464)

Issued debt instruments

1,557,263

-

Capital increase

-

85,992

Net cash used in (generated from) financing activities

(2,409,553)

1,189,728

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

(15,073,348)

53,070,230

Beginning balance of cash and cash equivalent

75,965,247

22,895,017

Cash and cash equivalent at the end of the year

60,891,899

75,965,247

Cash and cash equivalent comprise:

Cash and balances at the central bank

15

43,385,222

33,572,597

Due from banks

16

80,031,726

87,020,365

Treasury bills and other governmental notes

17

41,579,504

39,464,714

Obligatory reserve balance with CBE

15

(38,016,793)

(27,610,380)

Due from banks with maturities more than three months

(23,801,430)

(16,280,760)

Treasury bills with maturity more than three months

(42,286,330)

(40,201,289)

Total cash and cash equivalent

60,891,899

75,965,247

Separate 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

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

8,291,229

-

1,440

-

-

(8,431,833)

(450,942)

-

Dividend paid

-

-

-

-

-

-

-

(3,370,464)

-

(3,370,464)

Net profit for the year

-

-

-

-

-

-

-

10,299,882

-

10,299,882

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

-

-

-

-

-

(76,717)

-

76,717

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

101,013

-

101,013

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

-

-

-

-

-

(269,259)

-

-

-

(269,259)

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

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

552,438

552,438

Ending balance

14,776,813

2,778,135

24,765,658

1,549,445

14,906

3,970,987

6,423

10,477,611

1,064,648

59,404,626

Separate 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

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

14,776,813

2,778,135

24,765,658

1,549,445

14,906

3,970,987

6,423

10,477,611

1,064,648

59,404,626

Capital increase

4,925,605

-

(4,925,605)

-

-

-

-

-

-

-

Transferred to reserves

-

514,939

8,420,479

-

1,094

-

-

(8,936,512)

-

-

Dividend paid

-

-

-

-

-

-

-

(1,360,652)

-

(1,360,652)

Net profit for the year

-

-

-

-

-

-

-

13,420,385

-

13,420,385

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

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

-

-

-

-

-

(3,060,702)

-

-

-

(3,060,702)

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)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

609,744

609,744

Ending balance

19,702,418

3,293,074

28,260,532

1,549,445

16,000

639,231

9,141

13,783,935

1,674,392

68,928,168