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

Commercial International Bank (Egypt) S.A.E.

Unconsolidated Financial Statements

March 31, 2012

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

FINANCIAL POSITION

As of March. 31, 2012

Amounts in EGP.

Note

March 31, 2012

Dec. 31 ,2011

Assets

Cash and Due with Central Bank

15

5,395,158,277

7,492,064,510

Due From Banks

16

9,445,148,797

8,449,298,705

Treasury Bills and Other Governmental Notes

17

8,902,509,763

9,213,390,067

Trading Financial Assets

18

694,418,777

561,084,273

Loans and Advances to Banks

19

1,256,754,859

1,395,594,609

Loans and Advances to Customers

20

38,841,381,998

39,669,785,864

Derivative Financial Investments

21

100,130,748

146,544,656

Financial Investments

Available for Sale

22

15,602,737,179

15,412,566,069

Held to Maturity

22

2,957,944,562

29,092,920

Investments in Subsidiary and Associates

23

995,622,298

995,595,778

Investment Property

24

12,024,686

12,774,686

Other Assets

25

1,812,771,974

1,518,509,876

Deferred Tax

33

103,404,688

95,141,726

Property, Plant and Equipment

26

671,123,324

636,775,294

Total Assets

86,791,131,930

85,628,219,033

Liabilities and Equity

Liabilities

Due to Banks

27

1,044,862,620

3,340,794,517

Due to Customers

28

74,253,127,889

71,574,047,530

Derivative Financial Instruments

21

99,867,019

114,287,990

Dividends Payable

593,456,300

-

Other Liabilities

30

1,636,107,108

1,313,785,436

Long Term Loans

29

101,931,664

99,333,376

Other Provisions

31

264,625,909

Total Liabilities

78,054,136,353

76,706,874,758

Equity

Issued & Paid- in Capital

32

5,934,562,990

5,934,562,990

Reserves

32

2,129,264,123

1,085,472,868

Reserve for Employee Stock Ownership Plan (ESOP)

159,589,437

137,354,419

Retained Earnings

1,001,979

15,105,920

Total Equity

8,224,418,529

7,172,496,197

Net Profit of the Period/Year After Tax

512,577,048

1,748,848,078

Total Equity and Net Profit for the Period/Year

8,736,995,577

8,921,344,275

Total Liabilities and Equity

86,791,131,930

85,628,219,033

Contingent Liabilities and Commitments

Letters of Credit, Guarantees and other commitments

37

13,743,236,274

12,559,603,516

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

INCOME STATEMENT

As of March. 31, 2012

Amounts in EGP.

Note

March 31, 2012

March 31, 2011

Interest and Similar Income

1,664,834,562

1,284,128,056

Interest and Similar Expense

(779,319,889)

(653,362,417)

Net Interest Income

6

865,514,673

630,765,639

Fee and Commissions Income

214,089,807

191,450,381

Fee and Commissions Expense

(23,670,700)

(18,987,766)

Net Income from Fees and Commissions

7

190,419,107

172,462,615

Dividend Income

8

3,948,837

442,234

Net Trading Income

9

98,886,825

148,699,032

Profit from Financial Investments

22

(512,588)

1,319,514

Administrative Expenses

10

(353,896,198)

(353,686,436)

Other Operating (Expenses) Income

11

(36,675,496)

(64,939,862)

Impairment Charge for Credit Losses

12

(16,542,204)

(122,800,880)

Net Profit before Tax

751,142,956

412,261,856

Income Tax Expense

13

(246,828,870)

(88,844,259)

Deferred Tax

33 & 13

8,262,962

9,104,963

Net Profit of the Period

512,577,048

332,522,560

Earning per share

14

Basic

0.80

0.52

Diluted

0.78

0.51

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1a

As of March. 31, 2012

Amounts in EGP.

March 31, 2012

March 31, 2011

Cash Flow From Operating Activities

Net Profit Before Tax

751,142,956

412,261,856

Adjustments To Reconcile Net Profit to Net Cash

Provided by Operating Activities

Depreciation

41,461,048

56,694,622

Assets Impairment Charges

16,542,204

122,923,729

Other Provisions Charges

67,087,237

6,214,523

Trading Financial Investment Revaluation Differences

(17,092,843)

41,629,180

Financial Investments Impairment Charge (Release)

2,662,324

(48,065,735)

Utilization of Other Provisions

(7,702,610)

(2,939,853)

Other Provisions No Longer Used

(531,054)

-

Exchange Differences of Other Provisions

1,304,271

3,969,911

Profits From Selling Property, Plant and Equipment

(43,012)

(942,513)

Profits From Selling Financial Investments

(751,298)

(48,401,288)

Profits from Selling Associates

-

(1,873,813)

Exchange Difference of Long Term Loans

90,904

5,076,685

Share Based Payments

22,235,018

20,703,739

Investments in Subsidiary and Associates Revaluation

(26,520)

(508,872)

Real Estate Investments Impairment Charges

-

361,200

Operating Profits Before Changes in Operating Assets and Liabilities

876,378,625

567,103,371

Net Decrease (Increase) in Assets and Liabilities

Due from banks

(1,025,354,198)

(3,279,186,926)

Treasury Bills & Other Governmental Notes

(2,799,053,252)

2,022,306,742

Trading Financial Assets

(116,241,661)

926,096,580

Derivative Financial Instruments

31,992,937

(35,963,064)

Loans and Advances to Banks and Customers

950,701,413

(1,333,938,801)

Other Assets

(295,627,075)

125,682,921

Due to Banks

(2,295,931,897)

1,841,027,396

Due to Customers

2,679,080,359

1,884,579,267

Other Liabilities

75,492,802

26,960,613

Net Cash Provided from Operating Activities

(1,918,561,947)

2,744,668,099

COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E

CASH FLOW STATEMENT 1b

As of March. 31, 2012

March 31, 2012

March 31, 2011

Cash Flow From Investing Activities

Proceeds from Selling Subsidiary and Associates

-

1,000,000

Purchases of Property, Plant and Equipment

(74,401,088)

(25,566,082)

Redemption of Held-to-Maturity Financial Investments

-

34,585,979

Purchases of Held to Maturity Financial Investments

(2,928,851,641)

-

Purchases of Available for Sale Financial Investments

(3,235,631,200)

(1,899,829,040)

Proceeds from Selling Available for Sale Financial Investments

3,130,594,820

1,080,009,117

Proceeds from Selling Real Estate Investments

750,000

-

Net Cash Generated from (Used in) Investing Activities

(3,107,539,110)

(809.800,026)

Cash Flow From Financing Activities

Increase (Decrease) in Long Term Loans

2,507,383

130,760,791

Dividends Paid

(212,750,221)

(251,777,844)

Net Cash Generated from (Used in) Financing Activities

(210,242,838)

(121,017,053)

Net Increase (Decrease) in Cash and Cash Equivalent

(5,236,343,895)

1,813,851,020

Beginning Balance of Cash and Cash Equivalent

8,081,134,203

7,778,944,041

Cash and Cash Equivalent Balance At the End of the Period

2,844,790,308

9,592,795,061

Cash & Cash Equivalent Comprise

Cash and Balances with Central Bank

5,395,158,277

5,168,264,756

Due From Banks

9,445,148,797

9,859,268,757

Treasury Bills and Other Governmental Notes

8,902,509,763

9,309,050,446

Obligatory Reserve Balance With CBE

(2,979,789,724)

(2,509,454,480)

Due from Banks (Time Deposits) More than Three Months

(6,297,816,068)

(7,164,528,077)

Treasury Bills with Maturity More than Three Months

(11,620,420,737)

(5,069,806,341)

Total Cash & Cash Equivalent

2,844,790,308

9,592,795,061

March 31,

2012

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserves

(EGP)

Revaluation Diff.

(EGP)

Risks Reserve

(EGP)

Profits of the Period

(EGP)

Reserve for Employee Stock Ownership Plan ESOP

Total

(EGP)

Beginning Balance

5,934,562,990

231,344,896

1,234,274,960

15,105,920

185,931,315

(723,070,818)

281,689,619

1,624,150,975

137,354,419

8,921,344,275

Transferred to Reserves

-

87,306,567

743,027,060

-

2,716,747

-

-

(833,050,374)

-

-

Dividends Paid

-

-

-

(15,105,920)

-

-

-

(791,100,601)

-

(806,206,521)

Net Profit of the Period

-

-

-

-

-

-

-

512,577,048

-

512,577,048

Transfer from Special Reserve

-

61,697,292

8,143,225

1,001,979

(70,842,496)

-

-

-

-

-

Addition from Financial Investment Revaluation

-

-

-

-

-

87,045,756

-

-

-

87,045,756

Transferred to Bank Risk Reserve

-

-

-

-

-

-

(22,811,813)

22,811,813

-

-

Reserve for Employee Stock Ownership Plan ESOP

-

-

-

-

-

-

-

-

22,235,018

22,235,018

Balance at the end of the Period

5,934,562,990

380,348,755

1,985,445,245

1,001,979

117,805,566

(636,025,062)

258877,806

535,388,861

159,589,437

8,736,995,577

March 31,

2011

Capital

(EGP)

Legal Reserve

(EGP)

General Reserve

(EGP)

Retained Earnings

(EGP)

Special Reserves

(EGP)

Revaluation Diff.

(EGP)

Risk Reserve

(EGP)

Profits of the Period

(EGP)

Reserve for Employee Stock Ownership Plan ESOP

Total

(EGP)

Beginning Balance

5,901,443,600

125,128,337

78,564,646

20,231,298

184,356,569

(18,014,631)

156,992,515

2,010,672,119

149,520,859

8,608,895,311

Transferred to Reserves

-

106,216,559

1,155,710,314

-

1,574,746

-

-

(1,173,875,293)

(89,626,327)

-

Dividends Paid

-

-

-

(20,231,298)

-

-

-

(821,690,906)

-

(841,922,204)

Net Profit of the Period

-

-

-

-

-

-

-

332,522,560

-

332,522,560

Addition from Financial Investment Revaluation

-

-

-

-

-

(285,363,091)

-

-

-

(285,363,091)

Transferred to Bank Risk Reserve

-

-

-

-

-

-

(2,648,019)

2,648,019

-

-

Reserve for Employee Stock ownership plan ESOP

-

-

-

-

-

-

-

-

20,703,739

20,703,739

Balance at the End of Period

5,901,443,600

231,344,896

1,234,274,960

-

185,931,315

(303,377,722)

154,344,396

350,276,499

80,598,271

7,834,836,316