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1st Quarter Results - Consolidated Statements

RNS Number : 0689O

Commercial Intnl Bank (Egypt) SAE

12 May 2024

Click on, or paste the following link into your web browser, to view the associated PDF document

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

Consolidated Financial Statements

March 31, 2024

Consolidated Statement of Financial Position as at March 31, 2024
		Notes	Mar. 31, 2024	Dec. 31, 2023
		Notes	EGP Thousands	EGP Thousands
	Assets
	Cash and balances at the central bank	9	36,731,091	71,887,821
	Due from banks	10	292,721,033	231,085,244
	Loans and advances to banks, net	12	1,140,170	822,448
	Loans and advances to customers, net	13	270,496,805	234,985,936
	Derivative financial instruments		1,677,011	1,105,148
	Financial investments
	- Financial Assets at Fair Value through P&L	14	974,297	-
	- Financial Assets at Fair Value through OCI	14	249,660,996	233,125,234
	- Financial Assets at Amortized cost	14	93,690,317	38,341,019
	- Investments in associates	15	120,910	115,979
	Non current assets held for sale	30.1	244	161
	Other assets	16	25,011,464	18,972,786
	Deferred tax assets		2,148,344	1,685,231
	Property and equipment	17	2,774,970	2,739,092
	Total assets		977,147,652	834,866,099
	Liabilities and equity
	Liabilities
	Due to banks	18	5,529,064	12,458,003
	Due to customers	19	796,080,537	677,237,479
	Non current liabilities held for sale	30.2	1,297	873
	Derivative financial instruments		602,480	140,934
	Current income tax liabilities		5,445,769	9,395,534
	Other liabilities	20	29,905,796	18,339,465
	Issued debt instruments	21	4,699,516	3,073,349
	Other loans		19,184,788	12,483,907
	Other provisions	22	14,706,748	11,095,089
	Total liabilities		876,155,995	744,224,633
	Equity
	Issued and paid up capital		30,195,010	30,195,010
	Reserves		55,719,754	28,807,042
	Reserve for employee stock ownership plan (ESOP)		1,786,010	1,486,010
	Retained earnings *		13,130,675	29,993,331
	Total equity and net profit for the period / year		100,831,449	90,481,393
	Non Controlling Interest		160,208	160,073
	Total minority interest, equity and net profit for the period/year		100,991,657	90,641,466
	Total liabilities and equity		977,147,652	834,866,099


	The accompanying notes are an integral part of these financial statements ..
	( Limited Review report attached )
*	Including net profit for the current year



	Hussein Abaza		Hisham Ezz Al-Arab
	CEO & Managing Director		Chairman

Consolidated Income Statement for the year Ended March 31, 2024

Notes

Mar. 31, 2024

Mar. 31, 2023

EGP Thousands

Interest and similar income

36,652,802

19,823,554

Interest and similar expense

(17,852,691)

(8,939,377)

Net interest income

18,800,111

10,884,177

Fee and commission income

2,685,963

2,005,304

Fee and commission expense

(1,118,912)

(792,175)

Net fee and commission income

1,567,051

1,213,129

Dividend income

610

32,362

Net trading income

16,202,148

1,851,908

Profits (Losses) on financial investments

14.1

224,271

70,920

Administrative expenses

(2,928,640)

(2,063,690)

Other operating income (expenses)

(14,975,056)

(2,040,922)

Goodwill amortization

(10,314)

Intangible assets amortization

(2,591)

Impairment release (charges) for credit losses

(1,421,114)

(944,829)

Bank's share in the profits / losses of associates

4,931

(14,871)

Profit before income tax

17,474,312

8,975,279

Income tax expense

(5,926,187)

(2,262,132)

Deferred tax assets (Liabilities)

376,765

(645,223)

Net profit from continued operations

11,924,890

6,067,924

Discontinued Operations

Net profit (loss) from discontinued operations

30.3

870

Net profit for the period

11,924,890

6,068,794

Non Controlling Interest

456

3,847

Bank's shareholders

11,924,434

6,064,947

Earnings per share

Basic

3.50

1.78

Diluted

3.46

1.76

Hussein Abaza

Hisham Ezz Al-Arab

CEO & Managing Director

Chairman

Condensed Consolidated Interim statement of Comprehensive Income for the period ended March 31, 2024

	Mar. 31, 2024	Mar. 31, 2023

Net profit for the period	11,924,890	6,068,794

Transferred to RE from financial assets at fair value through comprehensive income	-	(1,895)
Change in fair value of Financial invesments measured at fair value through comprehensive income after tax	1,915,786	(8,522,293)
Cumulative foreign currencies translation differences	831,452	100,603
Effect of ECL on fair value of debt instruments measured at fair value through comprehensive income	744,813	208,752
Total comprehensive income for the period	15,416,941	(2,146,039)


As follows:
Bank's shareholders	15,416,485	(2,149,886)
Non Controlling Interest	456	3,847
Total comprehensive income for the period	15,416,941	(2,146,039)

Condensed Consolidated Interim Cash flows for the period ended March 31, 2024

Notes

Mar. 31, 2024

Mar. 31, 2023

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

17,474,312

8,975,279

Profit (loss) from discontinued operations

870

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

261,427

228,065

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

1,712,500

707,740

Other provisions Release/charge

41,587

464,311

Impairment Release/charge for credit losses (due from banks)

(646)

2,096

Impairment Release/charge for credit losses (financial investments)

(290,740)

234,993

Impairment Release/charge for other assets

(4,782)

Exchange revaluation differences for financial assets at fair value through OCI and AC

(17,328,576)

(6,033,831)

Goodwill amortization

10,314

Intangible assets amortization

2,591

Revaluation differences Impairment charge for Financial Assets at Fair value through OCI

1,130,412

Revaluation differences Impairment charge for Financial Assets at Amortized cost

95,225

Revaluation differences Impairment charge for due from banks

1,393

Utilization of other provisions

(297)

(345)

Other provisions no longer used

(4,220)

Exchange Revaluation differences of other provisions

3,574,589

1,169,894

Profits/losses from selling property and equipment

(118)

Profits/losses from selling financial investments at fair value through OCI

14.1

(224,271)

(70,920)

Share based payments

300,000

190,974

Bank's share in the profits / losses of associates

(4,931)

14,871

Operating profits before changes in operating assets and liabilities

6,732,982

5,896,784

Net decrease / increase in assets and liabilities

Due from banks

41,887,372

12,110,117

Financial assets at fair value through P&L

(974,297)

Derivative financial instruments

157,890

(359,998)

Loans and advances to banks and customers

12 - 13

(37,541,091)

(17,792,410)

Other assets

(5,893,831)

(96,139)

Non current assets held for sale

(244)

(220,335)

Due to banks

(6,928,939)

4,790,187

Due to customers

118,843,058

45,212,196

Current income tax obligations paid

(480,418)

(270,197)

Non current liabilities held for sale

1,297

890

Other liabilities

1,820,664

(354,332)

Net cash generated from (used in) operating activities

117,624,443

48,916,763

Cash flow from investing activities

Proceeds from sale of investments in associates

4,782

Payment for purchases of property, equipment and branches construction

(437,370)

(457,850)

Proceeds from selling property and equipment

118

Proceeds from redemption of financial assets at amortized cost

285,507

196,783

Payment for purchases of financial assets at amortized cost

(53,615,996)

(8,533,818)

Payment for purchases of financial assets at fair value through OCI

(26,592,698)

(32,339,905)

Proceeds from selling financial assets at fair value through OCI

26,222,450

46,767,421

Payment for investment in subsidiaries

(1,008,761)

Net cash generated from (used in) investing activities

(54,133,325)

4,623,988

Condensed Consolidated Interim Cash flows for the period ended March 31, 2024 (Cont.)

Mar. 31, 2024

Mar. 31, 2023

EGP Thousands

Cash flow from financing activities

Other loans

6,700,881

1,607,404

Dividends paid

(5,078,792)

(1,988,585)

Issued debt instruments

1,626,167

612,624

Capital increase

165,429

Net cash generated from (used in) financing activities

3,248,256

396,872

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

66,739,374

53,937,623

Beginning balance of cash and cash equivalent

234,317,913

92,969,526

Cash and cash equivalent at the end of the period

301,057,287

146,907,149

:Cash and cash equivalent comprise

Cash and balances at the central bank

36,731,091

52,462,528

Due from banks

292,723,938

170,733,811

Treasury bills and other governmental notes

119,754,167

68,681,151

Obligatory reserve balance with CBE

(19,531,282)

(46,005,523)

Due from banks with maturity more than three months

(8,740,302)

(29,664,721)

Treasury bills and other governmental notes with maturity more than three months

(119,880,325)

(69,300,097)

Total cash and cash equivalent

301,057,287

146,907,149


Condensed Consolidated Interim statement of changes in shareholders' equity
Mar. 31, 2023	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	Non Controlling Interest	Total


Beginning balance	29,825,134	3,963,946	27,096,858	1,550,906	8,183	18,947	(13,188,818)	11,981	16,393,841	1,895,435	181,324	67,757,737	580,431	68,338,168
Capital increase	165,429	-	-	-	-	-	-	-	-	-	-	165,429	-	165,429
Reserve for transactions under common control	-	-	-	-	(679,155)	-	-	-	-	-	-	(679,155)	-	(679,155)
Transferred to reserves	-	806,408	11,998,639	-	-	2,208	-	-	(12,388,223)	(419,032)	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(3,738,888)	-	-	(3,738,888)	(23,982)	(3,762,870)
Net profit for the period	-	-	-	-	-	-	-	-	6,064,947	-	-	6,064,947	3,847	6,068,794
Change in non controlling interest from acquisition of subsidiaries	-	-	-	-	-	-	-	-	-	-	-	-	(536,867)	(536,867)
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	(1,895)	-	1,895	-	-	-	-	-
Net unrealized gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(8,522,293)	-	-	-	-	(8,522,293)	-	(8,522,293)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	3,249	(3,249)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	208,752	-	-	-	-	208,752	-	208,752
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	190,974	-	190,974	-	190,974
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	100,603	100,603	99,192	199,795
Balance at 31 March 2023	29,990,563	4,770,354	39,095,497	1,550,906	(670,972)	21,155	(21,504,254)	15,230	6,330,323	1,667,377	281,927	61,548,106	122,621	61,670,727




Mar. 31, 2024	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	Non Controlling Interest	Total
Beginning balance	30,195,010	4,770,354	39,840,707	1,550,906	(670,972)	21,155	(16,868,691)	15,230	29,993,331	1,486,010	148,353	90,481,393	160,073	90,641,466
Capital increase	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transferred to reserves	-	1,438,320	21,958,960	-	-	1,663	-	-	(23,398,943)	-	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(5,366,429)	-	-	(5,366,429)	-	(5,366,429)
Net profit for the period	-	-	-	-	-	-	-	-	11,924,434	-	-	11,924,434	456	11,924,890
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in non controlling interest from acquisition of subsidiaries	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transferred from RE to banking risk reserve	-	-	-	-	-	-	-	19,024	(19,024)	-	-	-	-	-
Net unrealised gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	1,915,786	-	-	-	-	1,915,786	-	1,915,786
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	2,694	(2,694)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	744,813	-	-	-	-	744,813	-	744,813
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	300,000	-	300,000	-	300,000
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	831,452	831,452	(321)	831,131
Ending balance	30,195,010	6,208,674	61,799,667	1,550,906	(670,972)	22,818	(14,208,092)	36,948	13,130,675	1,786,010	979,805	100,831,449	160,208	100,991,657

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1st Quarter Results - Consolidated Statements - Commercial International Bank (egypt) S.A.E. (GDR) | RNS | Ticker

RNS Number : 0689O

Commercial Intnl Bank (Egypt) SAE

12 May 2024

Click on, or paste the following link into your web browser, to view the associated PDF document

http://www.rns-pdf.londonstockexchange.com/rns/0689O_1-2024-5-12.pdf

http://www.rns-pdf.londonstockexchange.com/rns/0689O_2-2024-5-12.pdf

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

Consolidated Financial Statements

March 31, 2024

Consolidated Statement of Financial Position as at March 31, 2024
		Notes	Mar. 31, 2024	Dec. 31, 2023
		Notes	EGP Thousands	EGP Thousands
	Assets
	Cash and balances at the central bank	9	36,731,091	71,887,821
	Due from banks	10	292,721,033	231,085,244
	Loans and advances to banks, net	12	1,140,170	822,448
	Loans and advances to customers, net	13	270,496,805	234,985,936
	Derivative financial instruments		1,677,011	1,105,148
	Financial investments
	- Financial Assets at Fair Value through P&L	14	974,297	-
	- Financial Assets at Fair Value through OCI	14	249,660,996	233,125,234
	- Financial Assets at Amortized cost	14	93,690,317	38,341,019
	- Investments in associates	15	120,910	115,979
	Non current assets held for sale	30.1	244	161
	Other assets	16	25,011,464	18,972,786
	Deferred tax assets		2,148,344	1,685,231
	Property and equipment	17	2,774,970	2,739,092
	Total assets		977,147,652	834,866,099
	Liabilities and equity
	Liabilities
	Due to banks	18	5,529,064	12,458,003
	Due to customers	19	796,080,537	677,237,479
	Non current liabilities held for sale	30.2	1,297	873
	Derivative financial instruments		602,480	140,934
	Current income tax liabilities		5,445,769	9,395,534
	Other liabilities	20	29,905,796	18,339,465
	Issued debt instruments	21	4,699,516	3,073,349
	Other loans		19,184,788	12,483,907
	Other provisions	22	14,706,748	11,095,089
	Total liabilities		876,155,995	744,224,633
	Equity
	Issued and paid up capital		30,195,010	30,195,010
	Reserves		55,719,754	28,807,042
	Reserve for employee stock ownership plan (ESOP)		1,786,010	1,486,010
	Retained earnings *		13,130,675	29,993,331
	Total equity and net profit for the period / year		100,831,449	90,481,393
	Non Controlling Interest		160,208	160,073
	Total minority interest, equity and net profit for the period/year		100,991,657	90,641,466
	Total liabilities and equity		977,147,652	834,866,099


	The accompanying notes are an integral part of these financial statements ..
	( Limited Review report attached )
*	Including net profit for the current year



	Hussein Abaza		Hisham Ezz Al-Arab
	CEO & Managing Director		Chairman

Consolidated Income Statement for the year Ended March 31, 2024

Notes

Mar. 31, 2024

Mar. 31, 2023

EGP Thousands

Interest and similar income

36,652,802

19,823,554

Interest and similar expense

(17,852,691)

(8,939,377)

Net interest income

18,800,111

10,884,177

Fee and commission income

2,685,963

2,005,304

Fee and commission expense

(1,118,912)

(792,175)

Net fee and commission income

1,567,051

1,213,129

Dividend income

610

32,362

Net trading income

16,202,148

1,851,908

Profits (Losses) on financial investments

14.1

224,271

70,920

Administrative expenses

(2,928,640)

(2,063,690)

Other operating income (expenses)

(14,975,056)

(2,040,922)

Goodwill amortization

(10,314)

Intangible assets amortization

(2,591)

Impairment release (charges) for credit losses

(1,421,114)

(944,829)

Bank's share in the profits / losses of associates

4,931

(14,871)

Profit before income tax

17,474,312

8,975,279

Income tax expense

(5,926,187)

(2,262,132)

Deferred tax assets (Liabilities)

376,765

(645,223)

Net profit from continued operations

11,924,890

6,067,924

Discontinued Operations

Net profit (loss) from discontinued operations

30.3

870

Net profit for the period

11,924,890

6,068,794

Non Controlling Interest

456

3,847

Bank's shareholders

11,924,434

6,064,947

Earnings per share

Basic

3.50

1.78

Diluted

3.46

1.76

Hussein Abaza

Hisham Ezz Al-Arab

CEO & Managing Director

Chairman

Condensed Consolidated Interim statement of Comprehensive Income for the period ended March 31, 2024

	Mar. 31, 2024	Mar. 31, 2023

Net profit for the period	11,924,890	6,068,794

Transferred to RE from financial assets at fair value through comprehensive income	-	(1,895)
Change in fair value of Financial invesments measured at fair value through comprehensive income after tax	1,915,786	(8,522,293)
Cumulative foreign currencies translation differences	831,452	100,603
Effect of ECL on fair value of debt instruments measured at fair value through comprehensive income	744,813	208,752
Total comprehensive income for the period	15,416,941	(2,146,039)


As follows:
Bank's shareholders	15,416,485	(2,149,886)
Non Controlling Interest	456	3,847
Total comprehensive income for the period	15,416,941	(2,146,039)

Condensed Consolidated Interim Cash flows for the period ended March 31, 2024

Notes

Mar. 31, 2024

Mar. 31, 2023

EGP Thousands

Cash flow from operating activities

Profit before income tax from continued operations

17,474,312

8,975,279

Profit (loss) from discontinued operations

870

Adjustments to reconcile profits to net cash provided by operating activities

Fixed assets depreciation

261,427

228,065

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

1,712,500

707,740

Other provisions Release/charge

41,587

464,311

Impairment Release/charge for credit losses (due from banks)

(646)

2,096

Impairment Release/charge for credit losses (financial investments)

(290,740)

234,993

Impairment Release/charge for other assets

(4,782)

Exchange revaluation differences for financial assets at fair value through OCI and AC

(17,328,576)

(6,033,831)

Goodwill amortization

10,314

Intangible assets amortization

2,591

Revaluation differences Impairment charge for Financial Assets at Fair value through OCI

1,130,412

Revaluation differences Impairment charge for Financial Assets at Amortized cost

95,225

Revaluation differences Impairment charge for due from banks

1,393

Utilization of other provisions

(297)

(345)

Other provisions no longer used

(4,220)

Exchange Revaluation differences of other provisions

3,574,589

1,169,894

Profits/losses from selling property and equipment

(118)

Profits/losses from selling financial investments at fair value through OCI

14.1

(224,271)

(70,920)

Share based payments

300,000

190,974

Bank's share in the profits / losses of associates

(4,931)

14,871

Operating profits before changes in operating assets and liabilities

6,732,982

5,896,784

Net decrease / increase in assets and liabilities

Due from banks

41,887,372

12,110,117

Financial assets at fair value through P&L

(974,297)

Derivative financial instruments

157,890

(359,998)

Loans and advances to banks and customers

12 - 13

(37,541,091)

(17,792,410)

Other assets

(5,893,831)

(96,139)

Non current assets held for sale

(244)

(220,335)

Due to banks

(6,928,939)

4,790,187

Due to customers

118,843,058

45,212,196

Current income tax obligations paid

(480,418)

(270,197)

Non current liabilities held for sale

1,297

890

Other liabilities

1,820,664

(354,332)

Net cash generated from (used in) operating activities

117,624,443

48,916,763

Cash flow from investing activities

Proceeds from sale of investments in associates

4,782

Payment for purchases of property, equipment and branches construction

(437,370)

(457,850)

Proceeds from selling property and equipment

118

Proceeds from redemption of financial assets at amortized cost

285,507

196,783

Payment for purchases of financial assets at amortized cost

(53,615,996)

(8,533,818)

Payment for purchases of financial assets at fair value through OCI

(26,592,698)

(32,339,905)

Proceeds from selling financial assets at fair value through OCI

26,222,450

46,767,421

Payment for investment in subsidiaries

(1,008,761)

Net cash generated from (used in) investing activities

(54,133,325)

4,623,988

Condensed Consolidated Interim Cash flows for the period ended March 31, 2024 (Cont.)

Mar. 31, 2024

Mar. 31, 2023

EGP Thousands

Cash flow from financing activities

Other loans

6,700,881

1,607,404

Dividends paid

(5,078,792)

(1,988,585)

Issued debt instruments

1,626,167

612,624

Capital increase

165,429

Net cash generated from (used in) financing activities

3,248,256

396,872

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

66,739,374

53,937,623

Beginning balance of cash and cash equivalent

234,317,913

92,969,526

Cash and cash equivalent at the end of the period

301,057,287

146,907,149

:Cash and cash equivalent comprise

Cash and balances at the central bank

36,731,091

52,462,528

Due from banks

292,723,938

170,733,811

Treasury bills and other governmental notes

119,754,167

68,681,151

Obligatory reserve balance with CBE

(19,531,282)

(46,005,523)

Due from banks with maturity more than three months

(8,740,302)

(29,664,721)

Treasury bills and other governmental notes with maturity more than three months

(119,880,325)

(69,300,097)

Total cash and cash equivalent

301,057,287

146,907,149


Condensed Consolidated Interim statement of changes in shareholders' equity
Mar. 31, 2023	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	Non Controlling Interest	Total


Beginning balance	29,825,134	3,963,946	27,096,858	1,550,906	8,183	18,947	(13,188,818)	11,981	16,393,841	1,895,435	181,324	67,757,737	580,431	68,338,168
Capital increase	165,429	-	-	-	-	-	-	-	-	-	-	165,429	-	165,429
Reserve for transactions under common control	-	-	-	-	(679,155)	-	-	-	-	-	-	(679,155)	-	(679,155)
Transferred to reserves	-	806,408	11,998,639	-	-	2,208	-	-	(12,388,223)	(419,032)	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(3,738,888)	-	-	(3,738,888)	(23,982)	(3,762,870)
Net profit for the period	-	-	-	-	-	-	-	-	6,064,947	-	-	6,064,947	3,847	6,068,794
Change in non controlling interest from acquisition of subsidiaries	-	-	-	-	-	-	-	-	-	-	-	-	(536,867)	(536,867)
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	(1,895)	-	1,895	-	-	-	-	-
Net unrealized gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	(8,522,293)	-	-	-	-	(8,522,293)	-	(8,522,293)
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	3,249	(3,249)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	208,752	-	-	-	-	208,752	-	208,752
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	190,974	-	190,974	-	190,974
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	100,603	100,603	99,192	199,795
Balance at 31 March 2023	29,990,563	4,770,354	39,095,497	1,550,906	(670,972)	21,155	(21,504,254)	15,230	6,330,323	1,667,377	281,927	61,548,106	122,621	61,670,727




Mar. 31, 2024	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	Non Controlling Interest	Total
Beginning balance	30,195,010	4,770,354	39,840,707	1,550,906	(670,972)	21,155	(16,868,691)	15,230	29,993,331	1,486,010	148,353	90,481,393	160,073	90,641,466
Capital increase	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transferred to reserves	-	1,438,320	21,958,960	-	-	1,663	-	-	(23,398,943)	-	-	-	-	-
Dividends paid	-	-	-	-	-	-	-	-	(5,366,429)	-	-	(5,366,429)	-	(5,366,429)
Net profit for the period	-	-	-	-	-	-	-	-	11,924,434	-	-	11,924,434	456	11,924,890
Transferred to RE from financial assets at fair value through OCI	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in non controlling interest from acquisition of subsidiaries	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transferred from RE to banking risk reserve	-	-	-	-	-	-	-	19,024	(19,024)	-	-	-	-	-
Net unrealised gain/(loss) on financial assets at fair value through OCI after tax	-	-	-	-	-	-	1,915,786	-	-	-	-	1,915,786	-	1,915,786
Transferred (from) to banking risk reserve	-	-	-	-	-	-	-	2,694	(2,694)	-	-	-	-	-
Effect of ECL in fair value of debt instruments measured at fair value through OCI	-	-	-	-	-	-	744,813	-	-	-	-	744,813	-	744,813
Cost of employees stock ownership plan (ESOP)	-	-	-	-	-	-	-	-	-	300,000	-	300,000	-	300,000
Cumulative foreign currencies translation differences	-	-	-	-	-	-	-	-	-	-	831,452	831,452	(321)	831,131
Ending balance	30,195,010	6,208,674	61,799,667	1,550,906	(670,972)	22,818	(14,208,092)	36,948	13,130,675	1,786,010	979,805	100,831,449	160,208	100,991,657

END

QRFDLLFFZELBBBQ

TIDM	CBKD
Share Price	Loading...
Market Cap	Loading...

Date	13 May 2024
Time	07:00:05
Category	Results
ID	0689O

TIDM	CBKD
Share Price	Loading...
Market Cap	Loading...

Date	13 May 2024
Time	07:00:05
Category	Results
ID	0689O

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1st Quarter Results - Consolidated Statements

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