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

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Condensed Separate Interim Financial Statements

March 31, 2023

Condensed Separate Interim Income Statement for the period ended March 31, 2023

Condensed Separate Cash flows for the period ended March 31 2023

Notes

Mar. 31, 2023

Mar. 31, 2022

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax

9,071,306

6,124,379

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

16

206,400

210,105

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

714,714

(147,259)

Other provisions charges

21

464,368

1,036,307

Impairment (Released) charge for credit losses (due from banks)

(1,549)

4,977

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

234,491

101,757

Impairment (Released) charge for other assets

-

(277,768)

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

(6,033,831)

63

Utilization of other provisions

21

(345)

(156)

Other provisions no longer used

21

-

(385)

Exchange differences of other provisions

21

1,169,894

278,463

profits from selling property and equipment

(118)

(50)

profits from selling financial investments at fair value through OCI

13

(70,920)

(1,021,334)

Shares based payments

190,974

175,235

Operating profits before changes in operating assets and liabilities

5,945,384

6,484,334

Net decrease (increase) in assets and liabilities

Due from banks

12,102,385

25,542,432

Financial assets at fair value through P&L

-

239,339

Derivative financial instruments

(358,715)

(680,290)

Loans and advances to banks and customers

11 - 12

(17,757,613)

(12,715,125)

Other assets

(75,936)

1,851,768

Due to banks

17

4,811,010

2,833,129

Due to customers

18

43,988,897

21,553,142

Current income tax obligations paid

(272,736)

(261,790)

Other liabilities

(362,831)

1,876,780

Net cash generated from (used in) operating activities

48,019,845

46,723,719

Cash flow from investing activities

Payments for investment in subsidiaries

(1,216,022)

-

Payment for purchases of property, equipment and branches constructions

(415,435)

(76,753)

Proceeds from selling property and equipment

118

50

Proceeds from redemption of financial assets at amortized cost

196,783

2,609,283

Payment for purchases of financial assets at amortized cost

(8,454,232)

(2,430,124)

Payment for purchases of financial assets at fair value through OCI

(32,426,908)

(68,194,467)

Proceeds from selling financial assets at fair value through OCI

46,782,676

78,071,439

Net cash generated from (used in) investing activities

4,466,980

9,979,428

Condensed Separate Interim Cash flows for the period ended March 31, 2023 (Cont.)

Mar. 31, 2023

Mar. 31, 2022

EGP Thousands

EGP Thousands

Cash flow from financing activities

Other loans

1,607,404

1,035,994

Dividends paid

(1,964,603)

(4,410,322)

Issued debt instruments

612,624

253,338

Capital increase

165,429

122,716

Net cash generated from (used in) financing activities

420,854

(2,998,274)

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

52,907,679

53,704,873

Beginning balance of cash and cash equivalent

92,895,143

60,891,899

Cash and cash equivalent at the end of the period

145,802,822

114,596,772

Cash and cash equivalent comprise:

Cash and balances at the central bank

52,319,656

30,471,454

Due from banks

169,655,814

120,943,837

Treasury bills and other governmental notes

10

68,681,151

40,371,415

Obligatory reserve balance with CBE

(45,888,981)

(26,030,335)

Due from banks with maturities more than three months

(29,664,721)

(10,245,456)

Treasury bills with maturity more than three months

(69,300,097)

(40,914,143)

Total cash and cash equivalent

145,802,822

114,596,772

Condensed Separate Interim statement of changes in shareholders' equity for the period ended March 31, 2022

Mar. 31, 2022

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

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

Capital increase

122,716

-

502,922

-

-

-

-

-

(502,922)

122,716

Transferred to reserves

-

670,872

8,333,404

-

2,947

-

-

(9,007,223)

-

-

Dividend paid

-

-

-

-

-

-

-

(4,410,322)

-

(4,410,322)

Net profit of the period

-

-

-

-

-

-

-

4,239,592

-

4,239,592

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

(4,201)

-

4,201

-

-

Net unrealized gain/(loss) on financial assets at fair value through OCI after tax

-

-

-

-

-

(3,958,945)

-

-

-

(3,958,945)

Transferred (from) to bank risk reserve

-

-

-

-

-

-

2,840

(2,840)

-

-

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

-

-

-

-

-

101,561

-

-

-

101,561

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

175,235

175,235

Ending balance

19,825,134

3,963,946

37,096,858

1,549,445

18,947

(3,222,354)

11,981

4,607,343

1,346,705

65,198,005

Condensed Separate Interim statement of changes in shareholders' equity for the period ended March 31, 2023

Mar. 31, 2023

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

29,825,134

3,963,946

27,096,858

1,549,445

18,947

(13,138,461)

11,981

16,497,346

1,895,435

67,720,631

Capital increase

165,429

-

-

-

-

-

-

-

-

165,429

Transferred to reserves

-

806,408

11,998,639

-

2,208

-

-

 (12,388,223)

(419,032)

-

Dividend paid

-

-

-

-

-

-

-

(3,738,888)

-

(3,738,888)

Net profit of the period

-

-

-

-

-

-

-

6,084,453

-

6,084,453

Transferred to RE from financial assets at fair value through OCI

-

-

-

-

-

(1,895)

-

1,895

-

-

Net unrealized gain/(loss) on financial assets at fair value through OCI after tax

-

-

-

-

-

(8,507,038)

-

-

-

(8,507,038)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

3,249

(3,249)

-

-

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

-

-

-

-

-

208,250

-

-

-

208,250

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

190,974

190,974

Ending balance of the period

29,990,563

4,770,354

39,095,497

1,549,445

21,155

(21,439,144)

15,230

6,453,334

1,667,377

62,123,811