| | | | | Dec.31, 2018 | Issued and paid in capital | Reserve for employee stock ownership plan (ESOP) | Retained earnings | Reserves | Total | Non-controlling interest | Total equity | Beginning balance | 11,618,011 | 489,334 | 6,876,988 | 8,867,806 | 27,852,139 | - | 27,852,139 | | | | | | | | | Profit for the period | - | - | 9,062,467 | - | 9,062,467 | - | 9,062,467 | Other comprehensive income: | - | - | - | - | - | - | - | IFRS9 impact | - | - | 455,274 | 156,187 | 611,461 | - | 611,461 | Cumulative foreign currencies translation differences | - | - | - | - | - | - | - | Total comprehensive income | - | - | 9,517,741 | 156,187 | 9,673,928 | - | 9,673,928 | Capital increase | 50,315 | - | - | - | 50,315 | - | 50,315 | Reserve for employee stock ownership plan (ESOP) | - | 408,346 | - | - | 408,346 | - | 408,346 | Dividend | - | - | (2,143,177) | - | (2,143,177) | - | (2,143,177) | Transferred to reserves | - | - | (2,927,869) | 2,854,791 | (73,078) | - | (73,078) | Distribution of profits | - | - | (1,879,020) | - | (1,879,020) | - | (1,879,020) | Changes to Equity | - | - | - | 756,689 | 756,689 | - | 756,689 | Balance at 31 December 2018 | 11,668,326 | 897,680 | 9,444,663 | 12,635,473 | 34,646,142 | - | 34,646,142 | Beginning balance at 1 Jan 2019 | 11,668,326 | 897,680 | 9,444,663 | 12,635,473 | 34,646,142 | - | 34,646,142 | Profit for the period | - | - | 10,033,494 | - | 10,033,494 | - | 10,033,494 | Total comprehensive income: | - | - | 10,033,494 | - | 10,033,494 | - | 10,033,494 | Capital increase | 3,022,495 | - | | - | 3,022,495 | - | 3,022,495 | Reserve for employee stock ownership plan (ESOP) | - | 464,539 | - | - | 464,539 | - | 464,539 | Dividend | - | - | (2,700,544) | - | (2,700,544) | - | (2,700,544) | Transferred to reserves | - | (399,067) | (5,087,167) | 10,545,377 | 5,059,143 | - | 5,059,143 | Balance at 31 December 2019 | 14,690,821 | 963,152 | 11,690,446 | 23,180,850 | 50,525,269 | - | 50,525,269 | | | | | | | | | | | |
| | | | | | | Consolidated cash flow statement for the year ended December 31, 2019 | | | | | | | | | Note | Dec. 31, 2019 | | Dec. 31, 2018 | | | | EGP Thousands | | EGP Thousands | | | | | | | | | | Cash flow from operating activities | | | | | | | Profit before income tax from continued operations | | 14,767,380 | | 12,652,038 | | | | | | | | | | Adjustments to reconcile net profit to net cash provided by operating activities | | | | | | | Fixed assets depreciation | | 587,662 | | 390,830 | | | Impairment charge for credit losses (Loans and advances to customers) | | 1,610,878 | | 3,076,023 | | | Other provisions charges | | 461,869 | | 101,501 | | | Impairment charge for other assets | | (93,313) | | 316,763 | | | Impairment charge for credit losses (due from banks) | | 9,503 | | - | | | Exchange revaluation differences for financial assets at fair value through OCI | | 1,593,030 | | (102,991) | | | Impairment charge for credit losses (financial investments) | | (184,921) | | 39,561 | | | Utilization of other provisions | | (28,135) | | (2,114) | | | Other provisions no longer used | | (6,910) | | (17,670) | | | Impairment of intangible assets | | 651,041 | | - | | | Exchange differences of other provisions | | (110,062) | | (2,269) | | | Profits from selling property, plant and equipment | | (1,439) | | (1,045) | | | (Profits) losses from selling financial investments | | (497,894) | | (441,628) | | | Shares based payments | | 464,539 | | 408,346 | | | Bank's share in the profits of associates | | (1,135) | | (27,419) | | | Operating profits before changes in operating assets and liabilities | | 19,222,093 | | 16,389,926 | | | | | | | | | | | | | | | | | | | | | | | | Net decrease (increase) in assets and liabilities | | | | | | | Due from banks | | (8,870,547) | | (13,661,577) | | | Treasury bills and other governmental notes | | - | | 4,640,524 | | | Financial assets at fair value through P&L | | 2,318,924 | | 4,557,492 | | | Derivative financial instruments | | (2,910) | | (66,141) | | | Loans and advances to banks and customers | | (14,533,328) | | (21,255,952) | | | Other assets | | 163,933 | | (2,263,465) | | | Due to banks | | 4,550,788 | | 5,381,901 | | | Due to customers | | 19,151,586 | | 34,573,817 | | | Income tax obligations paid | | (3,625,579) | | (2,778,973) | | | Other liabilities | | 1,895,241 | | 1,025,022 | | | Net cash provided from operating activities | | 20,270,201 | | 26,542,574 | | | | | | | | | | Cash flow from investing activities | | | | | | | | | | | | | | Payment for purchases of associates | | - | | (10,575) | | | Payment for purchases of property, plant, equipment and branches constructions | | (1,303,181) | | (874,708) | | | Proceeds from selling property, plant and equipment | | 1,439 | | 1,045 | | | Proceeds from redemption of financial assets at amortized cost | | 43,937,957 | | - | | | Payment for purchases of financial assets at amortized cost | | (76,516,842) | | (33,995,313) | | | Payment for purchases of financial assets at fair value through OCI | | (50,954,311) | | (12,670,761) | | | Proceeds from selling financial assets at fair value through OCI | | 54,855,966 | | 2,314,616 | | | Proceeds from selling non current assets held for sale | | - | | 2,059,341 | | | Net cash used in investing activities | | (29,978,972) | | (43,176,355) | | | | | | | | | | | | | Consolidated cash flow statement for the year ended December 31, 2019 | (Cont.) | | | | | | | | | Dec. 31, 2019 | | Dec. 31, 2018 | | | | | EGP Thousands | | EGP Thousands | | | | | | | | | | Cash flow from financing activities | | | | | | | Increase (decrease) in long term loans | | (448,783) | | 46,793 | | | Dividend paid | | (2,700,544) | | (2,143,177) | | | Capital increase | | 105,413 | | 50,315 | | | Net cash used in financing activities | | (3,043,914) | | (2,046,069) | | | | | | | | | | | | | | | | | Net increase (decrease) in cash and cash equivalent during the year | | (12,752,685) | | (18,679,850) | | | Beginning balance of cash and cash equivalent | | 21,115,654 | | 39,795,504 | | | Cash and cash equivalent at the end of the year | | 8,362,969 | | 21,115,654 | | | | | | | | | | Cash and cash equivalent comprise: | | | | | | | Cash and balances with central bank | 13 | 28,273,962 | | 20,058,974 | | | Due from banks | 14 | 28,370,183 | | 46,511,579 | | | Treasury bills and other governmental notes | 19 | 27,634,062 | | 41,999,252 | | | Obligatory reserve balance with CBE | 13 | (22,397,310) | | (13,526,763) | | | Due from banks with maturities more than three months | | (25,125,951) | | (23,914,064) | | | Treasury bills with maturity more than three months | | (28,391,977) | | (50,013,324) | | | Obligatory reserve balance with CBE | | 8,362,969 | | 21,115,654 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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