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

Condensed Consolidated Interim Cash flows for the period ended June 30, 2021

Notes

Jun. 30, 2021

Jun. 30, 2020

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

8,660,128

7,542,412

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

Fixed assets depreciation

14

411,612

383,782

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

1,061,426

2,144,988

Other provisions charges

17

350,039

1,098,888

Impairment charge for credit losses (due from banks)

12,901

24,154

Impairment charge for credit losses (financial investments)

(54,113)

90,512

Impairment charge for other assets

25,524

24,621

Exchange revaluation differences for financial assets at fair value through OCI

50,039

(84,884)

Goodwill amortization

22

48,134

8,381

Intangible assets amortization

23

12,094

-

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

(72,957)

78,615

Utilization of other provisions

17

(44,173)

(1,066)

Other provisions no longer used

17

(9,145)

(43,200)

Exchange differences of other provisions

17

(9,196)

3,011

Profits from selling property, plant and equipment

(1,250)

(94)

(Profits) losses from selling financial investments

12

(514,837)

(924,720)

Released (Impairment) charges of investments in associates and subsidiaries

(14,093)

14,100

Shares based payments

316,514

296,959

Bank's share in the profits of associates

(11,794)

(6,994)

Operating profits before changes in operating assets and liabilities

10,216,853

10,649,465

Net decrease (increase) in assets and liabilities

Due from banks

(8,642,436)

(598,148)

Financial assets at fair value through P&L

12

151,530

61,477

Derivative financial instruments

(19,897)

(41,469)

Loans and advances to banks and customers

10 - 11

(12,747,967)

(3,109,801)

Other assets

(1,921,109)

907,956

Due to banks

15

(7,501,843)

466,875

Due to customers

16

44,831,706

15,697,986

Income tax obligations paid

(974,323)

(4,639,364)

Other liabilities

791,514

(2,946,225)

Net cash used in (generated from) operating activities

24,184,028

16,448,752

Cash flow from investing activities

Proceeds from Investments in associates.

-

750

Proceeds (payments) for investment in associates.

(158,360)

-

Payment for purchases of property, plant, equipment and branches constructions

(530,638)

(739,117)

Proceeds from selling property, plant and equipment

1,250

94

Proceeds from redemption of financial assets at amortized cost

2,688,858

59,360,102

Payment for purchases of financial assets at amortized cost

(2,617)

(44,945,839)

Payment for purchases of financial assets at fair value through OCI

(111,888,471)

(50,868,698)

Proceeds from selling financial assets at fair value through OCI

69,864,103

55,517,561

Proceeds from investment in subsidiaries.

-

194,722

Net cash generated from (used in) investing activities

(40,025,875)

18,519,575

Condensed Consolidated Interim Cash flows for the period ended June 30, 2021 (Cont.)

Jun. 30, 2021

Jun. 30, 2020

EGP Thousands

EGP Thousands

Cash flow from financing activities

Received (Repaid) in long term loans

(2,120,154)

(22,492)

Dividend paid

(1,360,652)

(3,370,464)

Net cash generated from (used in) financing activities

(3,480,806)

(3,392,956)

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

(19,322,653)

31,575,371

Beginning balance of cash and cash equivalent

75,796,375

22,895,017

Cash and cash equivalent at the end of the period

56,473,722

54,470,388

Cash and cash equivalent comprise:

Cash and balances at the central bank

31,958,480

31,267,392

Due from banks

79,415,055

56,990,499

Treasury bills and other governmental notes

58,679,906

27,591,164

Obligatory reserve balance with CBE

(26,358,215)

(22,995,458)

Due from banks with maturities more than three months

(28,800,903)

(10,271,665)

Treasury bills with maturity more than three months

(58,420,601)

(28,111,544)

Total cash and cash equivalent

56,473,722

54,470,388

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended June 30, 2020

Jun. 30, 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

Transferred to reserves

-

590,106

7,840,286

-

-

1,440

-

-

(8,431,832)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(3,370,464)

-

-

(3,370,464)

-

(3,370,464)

Minority interest

-

-

-

-

-

-

-

-

-

-

-

-

453,248

453,248

Net profit of the period

-

-

-

-

-

-

-

-

4,997,805

-

-

4,997,805

-

4,997,805

Transferred from reserve of financial assets at fair value through OCI

-

-

-

-

-

-

(55,142)

-

55,142

-

-

-

-

-

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

-

-

-

-

-

-

(1,483,581)

-

-

-

-

(1,483,581)

-

(1,483,581)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

1,259

(1,259)

-

-

-

-

-

ECL for impairment of debt instruments investments

-

-

-

-

-

-

90,512

-

-

-

-

90,512

-

90,512

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

296,959

-

296,959

-

296,959

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

(854)

(854)

-

(854)

Balance at the end of the period

14,690,821

2,778,135

24,314,715

1,549,445

-

14,906

2,663,570

6,423

5,131,049

1,260,111

1,647

52,410,822

453,248

52,864,070

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended June 30, 2021

Jun. 30, 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

Transferred to reserves

-

514,939

8,420,479

-

-

1,094

-

-

(8,936,512)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(1,360,652)

-

-

(1,360,652)

-

(1,360,652)

Net profit of the period

-

-

-

-

-

-

-

-

6,089,870

-

-

6,089,870

(1,712)

6,088,158

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

-

-

-

-

-

-

(104,406)

-

104,406

-

-

-

-

-

Transferred from previous years' outstanding balances

-

-

-

-

-

-

-

-

8,333

-

-

8,333

-

8,333

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

-

-

-

-

-

-

(1,625,170)

-

-

-

-

(1,625,170)

-

(1,625,170)

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

-

-

-

-

-

-

(54,113)

-

-

-

-

(54,113)

-

(54,113)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

316,514

-

316,514

-

316,514

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

(360)

(360)

-

(360)

Balance at the end of the period

14,776,813

3,293,074

33,186,137

1,549,445

8,183

16,000

2,191,825

9,141

6,442,442

1,381,162

(4,044)

62,850,178

481,343

63,331,521