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

Condensed Consolidated Interim Cash flows for the period ended March 31 2022

Notes

Mar. 31, 2022

Mar. 31, 2021

EGP Thousands

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

6,142,091

4,088,949

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

Fixed assets depreciation

16

223,781

194,609

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

(145,266)

720,756

Other provisions charges

21

1,036,252

114,109

Impairment charge for credit losses (due from banks)

4,776

(4,030)

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

101,798

(14,644)

Impairment (Released) charge for other assets

(277,768)

12,676

Exchange revaluation differences for financial assets at fair value through OCI

63

23,042

Goodwill amortization

26

10,314

37,819

Intangible assets amortization

27

2,591

9,502

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

-

(72,957)

Utilization of other provisions

21

(156)

(43,518)

Other provisions no longer used

21

(385)

(5,872)

Exchange differences of other provisions

21

278,463

(15,271)

Profits from selling property and equipment

(50)

(1,250)

Losses (profits) from selling financial investments

13

(1,040,297)

(420,698)

Shares based payments

175,235

162,451

Bank's share in the profits of associates

(2,841)

(11,061)

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

6,508,601

4,774,612

Net decrease (increase) in assets and liabilities

Due from banks

25,468,271

(12,278,859)

Financial assets at fair value through P&L

13

239,339

18,839

Derivative financial instruments

(680,085)

(66,183)

Loans and advances to banks and customers

11 - 12

(12,821,977)

(2,178,284)

Other assets

1,844,416

(371,049)

Due to banks

17

2,859,939

(6,304,086)

Due to customers

18

21,780,515

25,079,066

Income tax obligations paid

(259,516)

(29,046)

Other liabilities

1,860,904

(25,774)

Net cash used in (generated from) operating activities

46,800,407

8,619,236

Cash flow from investing activities

Proceeds (payments) for investment in associates.

-

(158,360)

Payment for purchases of property, equipment and branches constructions

(92,999)

(348,974)

Proceeds from selling property and equipment

50

1,250

Proceeds from redemption of financial assets at amortized cost

2,609,283

452,910

Payment for purchases of financial assets at amortized cost

(2,474,553)

(237,609)

Payment for purchases of financial assets at fair value through OCI

(68,625,535)

(55,600,830)

Proceeds from selling financial assets at fair value through OCI

78,456,150

33,585,657

Net cash generated from (used in) investing activities

9,872,396

(22,305,956)

Condensed Consolidated Interim Cash flows for the period ended March 31, 2022 (Cont.)

Mar. 31, 2022

Mar. 31, 2021

EGP Thousands

EGP Thousands

Cash flow from financing activities

Received (Repaid) in long term loans

1,035,994

(14,410)

Dividend paid

(4,410,322)

(1,360,652)

Issued debt instruments

253,338

-

Capital increase

122,716

-

Net cash generated from (used in) financing activities

(2,998,274)

(1,375,062)

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

53,674,529

(15,061,782)

Beginning balance of cash and cash equivalent

61,065,822

75,796,375

Cash and cash equivalent at the end of the period

114,740,351

60,734,593

Cash and cash equivalent comprise:

Cash and balances at the central bank

30,581,505

21,800,293

Due from banks

121,128,084

97,518,428

Treasury bills and other governmental notes

10

40,379,000

52,371,207

Obligatory reserve balance with CBE

(26,188,639)

(15,805,888)

Due from banks with maturities more than three months

(10,245,456)

(42,484,048)

Treasury bills with maturity more than three months

(40,914,143)

(52,665,399)

Total cash and cash equivalent

114,740,351

60,734,593

Condensed Consolidated Interim statement of changes in shareholders' equity for the period ended March 31, 2021

Mar. 31, 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

-

-

-

-

-

-

-

-

2,873,044

-

-

2,873,044

419

2,873,463

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

-

-

-

-

-

-

(1,674,309)

-

-

-

-

(1,674,309)

-

(1,674,309)

Transferred (from) to banking risk reserve

-

-

-

-

-

-

-

2,718

(2,718)

-

-

-

-

-

ECL for impairment of debt instruments investments

-

-

-

-

-

-

(14,644)

-

-

-

-

(14,644)

-

(14,644)

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

162,451

-

162,451

-

162,451

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

364

364

-

364

Balance at the end of the period

14,776,813

3,293,074

33,186,137

1,549,445

8,183

16,000

2,182,155

9,141

3,225,616

1,227,099

(3,320)

59,470,343

483,474

59,953,817

Condensed Consolidated 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

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

-

502,922

-

-

-

-

-

-

(502,922)

-

122,716

-

122,716

Transferred to reserves

-

670,872

8,333,404

-

-

2,947

-

-

(9,007,223)

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

(4,410,322)

-

-

(4,410,322)

-

(4,410,322)

Net profit of the year

-

-

-

-

-

-

-

-

4,244,231

-

-

4,244,231

15,387

4,259,618

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

-

-

-

-

-

-

(4,201)

-

4,201

-

-

-

-

-

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

-

-

-

-

-

-

(3,961,167)

-

-

-

-

(3,961,167)

-

(3,961,167)

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

-

-

-

-

-

-

101,602

-

-

-

-

101,602

-

101,602

Cost of employees stock ownership plan (ESOP)

-

-

-

-

-

-

-

-

-

175,235

-

175,235

-

175,235

Cumulative foreign currencies translation differences

-

-

-

-

-

-

-

-

-

-

56,854

56,854

39,279

96,133

Balance at the end of the period

19,825,134

3,963,946

37,096,858

1,550,906

8,183

18,947

(3,222,394)

11,981

4,524,449

1,346,705

52,636

65,177,351

509,201

65,686,552