Efg-hold.gdr S Regulatory News (EFGD)

2022

2021

EGP

EGP

Restated

Assets

Notes

Cash and cash equivalents

5

 26,214,250,479

30,876,257,819

Funded facilities to customers

8

 13,904,711,801

10,454,979,766

Banking loans and facilities (aiBank)

8.1

 19,317,430,427

9,544,916,760

Accounts receivable

7

 5,569,133,136

5,611,375,904

Investments at fair value through profit and loss

6

 6,772,893,362

8,002,539,778

Investments at fair value through OCI

9

 14,080,120,999

16,820,480,365

Investments at amortized cost

12

 11,518,692,377

10,050,278,918

Assets held for sale

11

 349,701,081

310,745,145

Equity accounted investees

10

 606,432,818

461,315,552

Investment properties

13

 118,984,442

125,529,472

Property and equipment

14

 1,636,042,509

1,522,312,110

Goodwill and other intangible assets

15

 1,954,749,801

993,839,079

Deferred tax assets

22

 64,486,447

41,521,424

Other assets

16

 3,401,909,847

2,564,263,111

Total assets

105,509,539,526

97,380,355,203

Liabilities

Due to banks and financial institutions

17

 12,371,835,820

17,736,580,111

Customer deposits

18

 48,130,171,764

38,564,737,371

Loan and borrowings

24

 4,996,029,063

5,501,069,487

Creditors and other credit balances

21

 4,982,664,616

3,531,967,772

Accounts payable - customers credit balances FVTPL

19

379,039,443

3,890,060,348

Accounts payable - customers credit balances

 9,595,446,350

8,537,833,096

Issued bonds

20

 500,000,000

550,000,000

Provisions

23

 903,715,808

690,001,941

Current tax liability

 473,873,472

363,572,503

Deferred tax liabilities

22

 800,661,223

410,044,804

Total liabilities

 83,133,437,559

79,775,867,433

Equity

Share capital

25

 5,838,424,030

4,865,353,355

Legal reserve

 867,454,520

840,272,556

Share premium

 1,668,623,811

1,668,623,811

Other reserves

 3,125,555,888

783,420,592

Retained earnings

 7,460,139,693

6,486,918,967

Equity attributable to owners of the Group

 18,960,197,942

14,644,589,281

Non - controlling interests

26

 3,415,904,025

2,959,898,489

Total equity

 22,376,101,967

17,604,487,770

Total liabilities and equity

105,509,539,526

97,380,355,203

Mona Zulficar

Chairperson

Karim Awad

Group Chief Executive Officer

Notes

2022

2021

EGP

EGP

Restated

Interest income

32

9,295,888,885

4,416,355,205

Interest expense

32

 (5,698,004,648)

(1,831,314,272)

Net interest income

3,597,884,237

2,585,040,933

Fee and commission income

32

4,804,815,709

3,395,050,747

Fee and commission expense

32

 (508,239,556)

(344,114,579)

Net fee and commission income

4,296,576,153

3,050,936,168

Securities' losses for investments at FVTPL

32

 (847,026,822)

(7,302,092)

Changes in the fair value of investments at FVTPL

6-32

923,031,019

(76,153,571)

Dividend income

32

5,660,968

31,853,072

Other revenues

28

159,190,766

146,867,227

Gains on dereceognition of financial assets at amortized cost

32

222,309,757

88,347,943

Impairment loss on financial assets - net of recoveries

29

 (726,510,890)

(137,995,100)

Foreign currencies exchange differences

32

 2,495,674,925

234,140,416

Gains on selling assets held for sale

32

 5,486,779

3,864,407

Share of proft/(loss) from equity accounted investees

32

 76,562,049

(14,173,369)

Bargain purchase gain

15

 -

97,562,892

 10,208,838,941

6,002,988,926

General and administrative expenses

31

 (6,541,863,982)

(3,796,051,268)

Financial guarantee provision

23

 (21,174,484)

(5,673,313)

Impairment loss on goodwill and intangible assets

32

 (10,239,218)

(16,034,698)

Provisions

23

 (156,889,673)

(96,968,478)

Depreciation and amortisation

31.2

 (296,470,780)

(196,292,200)

Profit before tax

 3,182,200,804

1,891,968,969

Income tax expense

30

 (1,103,724,498)

(350,195,700)

Profit for the year

 2,078,476,306

1,541,773,269

Attributable to:

Shareholders of the Holding Company

1,724,108,570

1,425,807,709

Non-controlling interests

354,367,736

115,965,560

2,078,476,306

1,541,773,269

Earnings per share:

Basic earning per share - EGP

34

1.48

1.27

Diluted earnings per share - EGP

34

1.48

1.27

Notes

2022

2021

EGP

EGP

Restated

Profit for the year

 2,078,476,306

1,541,773,269

Other comprehensive income items:

Items that may be reclassified to the consolidated statement of profit or loss

Foreign operations - foreign currency translation differences

3,210,783,015

(15,450,147)

Foreign currency translation differences - reclassified to profit or loss

(852,751,863)

(167,306,760)

Net losses on investments in debt instruments at FVOCI- net change in fair value

(157,786,834)

(10,639,480)

Investments at fair value through OCI - net change in fair value - reclassified to profit or loss

(3,015,600)

34,043,158

Tax relating to such items

22

24,443,416

(930,181)

2,221,672,134

(160,283,410)

Items that will not be reclassified to the consolidated statement of profit or loss

Investment at fair value through OCI - reclassified to retained Earnings

(547,139)

(15,659)

Net gains on investments in equity instruments designated at fair value through OCI

49,993,934

10,802,502

Share of other comprehensive income of equity accounted investees

206,189

-

Actuarial gain/(loss) re-measurement of employees' benefits obligations

23

(4,505,067)

971,076

Total other comprehensive income for the year

2,266,820,051

(148,525,491)

Total comprehensive income for the year

4,345,296,357

1,393,247,778

Attributable to:

Shareholders of the Holding Company

3,842,008,839

1,268,728,563

Non-controlling interests

503,287,518

124,519,215

4,345,296,357

 1,393,247,778