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

Condensed Consolidated Interim Cash flows for the period ended June 30, 2022

Notes

Jun. 31, 2022

Jun. 31, 2021

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

11,325,469

8,660,128

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

Fixed assets depreciation

16

445,305

411,612

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

(41,818)

1,061,426

Other provisions charges

21

1,513,929

350,039

Impairment charge for credit losses (due from banks)

4,970

12,901

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

110,825

(54,113)

Impairment (Released) charge for other assets

(277,768)

25,524

Exchange revaluation differences for financial assets at fair value through OCI

(2,840,747)

50,039

Goodwill amortization

26

20,629

48,134

Intangible assets amortization

27

5,183

12,094

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

-

(72,957)

Utilization of other provisions

21

(1,707)

(44,173)

Other provisions no longer used

21

(267)

(9,145)

Exchange differences of other provisions

21

303,949

(9,196)

Profits from selling property and equipment

(1,142)

(1,250)

Losses (profits) from selling financial investments

13

(1,065,443)

(514,837)

Impairment (Released) charges of investments in associates and subsidiaries

-

(14,093)

Shares based payments

384,255

316,514

Bank's share in the profits of associates

(5,214)

(11,794)

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

9,880,408

10,216,853

Net decrease (increase) in assets and liabilities

Due from banks

13,218,002

(8,642,436)

Financial assets at fair value through P&L

13

239,339

151,530

Derivative financial instruments

(882,092)

(19,897)

Loans and advances to banks and customers

11 - 12

(25,997,906)

(12,747,967)

Other assets

(280,761)

(1,921,109)

Due to banks

17

2,092,943

(7,501,843)

Due to customers

18

21,624,749

44,831,706

Current income tax obligations paid

(684,278)

(974,323)

Other liabilities

2,751,421

791,514

Net cash used in (generated from) operating activities

21,961,825

24,184,028

Cash flow from investing activities

Proceeds (payments) for investment in associates.

-

(158,360)

Payment for purchases of property, equipment and branches constructions

(331,846)

(530,638)

Proceeds from selling property and equipment

1,142

1,250

Proceeds from redemption of financial assets at amortized cost

622,072

2,688,858

Payment for purchases of financial assets at amortized cost

(41,770)

(2,617)

Payment for purchases of financial assets at fair value through OCI

(67,715,983)

(111,888,471)

Proceeds from selling financial assets at fair value through OCI

44,348,943

69,864,103

Net cash generated from (used in) investing activities

(23,117,442)

(40,025,875)

Condensed Consolidated Interim Cash flows for the period ended June 30, 2022 (Cont.)

Jun. 30, 2022

Jun. 30, 2021

EGP Thousands

EGP Thousands

Cash flow from financing activities

Increase (decrease) in long term loans

846,869

(2,120,154)

Dividend paid

(4,410,322)

(1,360,652)

Increase (decrease) in issued debt instruments

307,661

-

Capital increase

122,716

-

Net cash generated from (used in) financing activities

(3,133,076)

(3,480,806)

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

(4,288,693)

(19,322,653)

Beginning balance of cash and cash equivalent

61,065,822

75,796,375

Cash and cash equivalent at the end of the period

56,777,129

56,473,722

Cash and cash equivalent comprise:

Cash and balances at the central bank

41,970,190

31,958,480

Due from banks

56,974,029

79,415,055

Treasury bills and other governmental notes

10

76,380,971

58,679,906

Obligatory reserve balance with CBE

(36,172,792)

(26,358,215)

Due from banks with maturities more than three months

(10,529,528)

(28,800,903)

Treasury bills with maturity more than three months

(71,845,741)

(58,420,601)

Total cash and cash equivalent

56,777,129

56,473,722

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 year

-

-

-

-

-

-

-

-

6,089,870

-

-

6,089,870

(1,712)

6,088,158

Transferred from reserve 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 after tax

-

-

-

-

-

-

(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

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended June 30, 2022

Jun. 30, 2022

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

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

Capital increase

122,716

-

-

-

-

-

-

-

-

-

-

122,716

-

122,716

Transferred to reserves

-

670,872

8,836,326

-

-

2,947

-

-

(9,007,223)

(502,922)

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(4,410,322)

-

-

(4,410,322)

-

(4,410,322)

Net profit of the year

-

-

-

-

-

-

-

-

7,764,797

-

-

7,764,797

15,530

7,780,327

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

-

-

-

-

-

-

(4,227)

-

4,227

-

-

-

-

-

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

-

-

-

-

-

-

(7,377,135)

-

-

-

-

(7,377,135)

-

(7,377,135)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

2,840

(2,840)

-

-

-

-

-

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

-

-

-

-

-

-

104,188

-

-

-

-

104,188

-

104,188

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

384,255

-

384,255

-

384,255

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

85,542

85,542

54,747

140,289

Balance at the end of the period

19,825,134

3,963,946

37,096,858

1,550,906

8,183

18,947

(6,635,802)

11,981

8,045,041

1,555,725

81,324

65,522,243

524,812

66,047,055