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Commercial International Bank (Egypt) S.A.E. |
Unconsolidated Financial Statements |
March 31, 2013 |
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|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
FINANCIAL POSITION |
|
|
|
|
As of March. 31, 2013 |
|
|
|
|
Amounts in EGP. |
Note |
March 31, 2013 |
|
Dec. 31 ,2012 |
Assets |
|
|
|
|
|
|
|
|
|
Cash and Balances with Central Bank |
15 |
5,616,291,150 |
|
5,393,974,124 |
Due From Banks |
16 |
9,299,527,722 |
|
7,957,710,034 |
Treasury Bills and Other Governmental Notes |
17 |
13,719,596,497 |
|
7,978,030,413 |
Trading Financial Assets |
18 |
1,102,511,154 |
|
1,472,281,763 |
Loans and Advances to Banks |
19 |
464,317,683 |
|
1,178,867,739 |
Loans and Advances to Customers |
20 |
42,418,378,012 |
|
40,698,313,773 |
Derivative Financial Investments |
21 |
116,336,336 |
|
137,459,761 |
Financial Investments |
|
|
|
|
Available for Sale |
22 |
20,259,701,752 |
|
21,161,884,032 |
Held to Maturity |
22 |
4,197,685,729 |
|
4,205,753,328 |
Investments in Subsidiary and Associates |
23 |
940,807,185 |
|
938,033,700 |
Investment Property |
24 |
10,395,686 |
|
10,395,686 |
Other Assets |
25 |
2,546,794,822 |
|
2,459,025,844 |
Deferred Tax |
33 |
137,440,670 |
|
129,133,209 |
Property, Plant and Equipment |
26 |
674,228,020 |
|
684,527,896 |
Total Assets |
|
101,504,012,418 |
|
94,405,391,302 |
|
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|
Liabilities and Equity |
|
|
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|
Liabilities |
|
|
|
|
|
|
|
|
|
Due to Banks |
27 |
999,246,979 |
|
1,714,862,716 |
Due to Customers |
28 |
86,148,780,349 |
|
78,834,726,890 |
Derivative Financial Instruments |
21 |
120,656,880 |
|
119,099,260 |
Dividends Payable |
|
746,534,426 |
|
- |
Other Liabilities |
30 |
2,278,469,074 |
|
2,034,351,571 |
Long Term Loans |
29 |
129,130,238 |
|
80,495,238 |
Other Provisions |
31 |
354,991,025 |
|
310,648,113 |
Total Liabilities |
|
90,777,808,971 |
|
83,094,183,788 |
|
|
|
|
|
Equity |
|
|
|
|
Issued & Paid- in Capital |
32 |
5,972,275,410 |
|
5,972,275,410 |
Reserves |
32 |
3,910,067,259 |
|
2,970,458,093 |
Reserve for Employee Stock Ownership Plan (ESOP) |
|
188,722,800 |
|
164,761,121 |
Retained Earnings |
|
- |
|
1,001,979 |
Total Equity |
|
10,071,065,469 |
|
9,108,496,603 |
Net Profit of the Period/Year After Tax |
|
655,137,978 |
|
2,202,710,911 |
Total Equity and Net Profit for the Period/Year |
|
10,726,203,447 |
|
11,311,207,514 |
Total Liabilities and Equity |
|
101,504,012,418 |
|
94,405,391,302 |
Contingent Liabilities and Commitments |
|
|
|
|
Letters of Credit, Guarantees and other commitments |
37 |
14,732,607,169 |
|
14,897,789,005 |
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
INCOME STATEMENT |
|
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|
As of March. 31, 2013 |
|
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|
Amounts in EGP. |
Note |
March 31, 2013 |
|
March 31, 2012 |
|
|
|
|
|
Interest and Similar Income |
|
2,142,541,043 |
|
1,664,834,562 |
Interest and Similar Expense |
|
(1,007,452,996) |
|
(779,319,889) |
|
|
|
|
|
Net Interest Income |
6 |
1,135,088,047 |
|
865,514,673 |
|
|
|
|
|
Fee and Commissions Income |
|
289,209,214 |
|
214,089,807 |
Fee and Commissions Expense |
|
(29,298,795) |
|
(23,670,700) |
Net Income from Fees and Commissions |
7 |
259,910,419 |
|
190,419,107 |
Dividend Income |
8 |
737,384 |
|
3,948,837 |
Net Trading Income |
9 |
132,136,317 |
|
98,886,825 |
Profit (Losses) from Financial Investments |
22 |
1,952,434 |
|
(512,588) |
Administrative Expenses |
10 |
(439,410,616) |
|
(353,896,198) |
Other Operating (Expenses) Income |
11 |
41,489,100 |
|
(36,675,496) |
Impairment Charge for Credit Losses |
12 |
(226,326,368) |
|
(16,542,204) |
Net Profit before Tax |
|
905,576,717 |
|
751,142,956 |
Income Tax Expense |
13 |
(258,746,199) |
|
(246,828,870) |
Deferred Tax |
33 & 13 |
8,307,460 |
|
8,262,962 |
Net Profit of the Period |
|
655,137,978 |
|
512,577,048 |
Earning per share |
14 |
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Basic |
|
1.00 |
|
0.79 |
Diluted |
|
0.98 |
|
0.78 |
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1a |
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As of March. 31, 2013 |
|
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Amounts in EGP. |
|
March 31, 2013 |
|
March 31, 2012 |
Cash Flow From Operating Activities |
|
|
|
|
Net Profit Before Tax |
|
905,576,717 |
|
751,142,956 |
Adjustments To Reconcile Net Profit to Net Cash |
|
|
|
|
Provided by Operating Activities |
|
|
|
|
Depreciation |
|
40,398,449 |
|
41,461,048 |
Impairment charge for credit losses |
|
226,326,368 |
|
16,542,204 |
Other Provisions Charges |
|
34,710,014 |
|
67,087,237 |
Trading Financial Investment Revaluation Differences |
|
27,708,950 |
|
(17,092,843) |
Available for sale and held to maturity investments exchange revaluation differences |
|
(96,308,651) |
|
(3,344,835) |
Financial Investments Impairment Charge (Release) |
|
(3,095,044) |
|
6,007,159 |
Utilization of Other Provisions |
|
(223,505) |
|
(7,702,610) |
Other Provisions No Longer Used |
|
(141,520) |
|
(531,054) |
Exchange Differences of Other Provisions |
|
9,997,924 |
|
1,304,271 |
Profits From Selling Property, Plant and Equipment |
|
(491,491) |
|
(43,012) |
Profits From Selling Financial Investments |
|
(1,951,651) |
|
(751,298) |
Profits from Selling Associates |
|
- |
|
- |
Exchange Differences of Long Term Loans |
- |
|
90,904 |
Share Based Payments |
23,961,679 |
|
22,235,018 |
Investments in Subsidiary and Associates Revaluation |
|
(2,773,485) |
|
(26,520) |
|
Real Estate Investments Impairment Charges |
|
- |
|
- |
Operating Profits Before Changes in Operating Assets and Liabilities |
|
1,163,694,754 |
|
876,378,625 |
|
|
|
|
|
Net Decrease (Increase) in Assets and Liabilities |
|
|
|
|
Due from banks |
|
(1,187,119,103) |
|
(1,025,354,198) |
Treasury Bills & Other Governmental Notes |
|
(2,179,687,466) |
|
(2,799,053,252) |
Trading Financial Assets |
|
342,061,660 |
|
(116,241,661) |
Derivative Financial Instruments |
|
22,681,045 |
|
31,992,937 |
Loans and Advances to Banks and Customers |
|
(1,231,840,550) |
|
950,701,413 |
Other Assets |
|
(4,940,151) |
|
(295,627,075) |
Due to Banks |
|
(715,615,737) |
|
(2,295,931,897) |
Due to Customers |
|
7,314,053,459 |
|
2,679,080,359 |
Other Liabilities |
|
(14,628,696) |
|
75,492,802 |
Net Cash Provided from Operating Activities |
|
3,508,659,215 |
|
(1,918,561,947) |
|
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1b |
|
|
|
|
As of March. 31, 2013 |
|
March 31, 2013 |
|
March 31, 2012 |
Cash Flow From Investing Activities |
|
|
|
|
Purchases of Subsidiary and Associates |
|
- |
|
- |
Purchases of Property, Plant and Equipment |
|
(112,435,909) |
|
(74,401,088) |
Redemption of Held-to-Maturity Financial Investments |
|
8,067,598 |
|
- |
Purchases of Held to Maturity Financial Investments |
|
- |
|
(2,928,851,641) |
Purchases of Available for Sale Financial Investments |
|
(737,071,950) |
|
(3,235,631,200) |
Proceeds from Selling Available for Sale Financial Investments |
|
1,532,349,018 |
|
3,130,594,820 |
Proceeds from Selling Real Estate Investments |
|
- |
|
750,000 |
Net Cash Generated from (Used in) Investing Activities |
|
690,908,757 |
|
(3,107,539,110) |
|
|
|
|
|
Cash Flow From Financing Activities |
|
|
|
|
Increase (Decrease) in Long Term Loans |
|
48,635,000 |
|
2,507,383 |
Dividends Paid |
|
(309,308,739) |
|
(212,750,221) |
Net Cash Generated from (Used in) Financing Activities |
|
(260,673,739) |
|
(210,242,838) |
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalent |
|
3,938,894,233 |
|
(5,236,343,894) |
Beginning Balance of Cash and Cash Equivalent |
|
5,536,080,094 |
|
8,081,134,203 |
Cash and Cash Equivalent Balance At the End of the Period |
|
9,474,974,327 |
|
2,844,790,309 |
|
|
|
|
|
Cash & Cash Equivalent Comprise |
|
|
|
|
Cash and Balances with Central Bank |
|
5,616,291,150 |
|
5,395,158,277 |
Due From Banks |
|
9,299,527,722 |
|
9,445,148,797 |
Treasury Bills and Other Governmental Notes |
|
13,719,596,497 |
|
8,902,509,763 |
Obligatory Reserve Balance With CBE |
|
(3,306,582,184) |
|
(2,979,789,724) |
Due from Banks (Time Deposits) More than Three Months |
|
(5,611,093,131) |
|
(6,297,816,067) |
Treasury Bills with Maturity More than Three Months |
|
(10,242,765,727) |
|
(11,620,420,737) |
Total Cash & Cash Equivalent |
|
9,474,974,327 |
|
2,844,790,309 |
|
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