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Commercial International Bank (Egypt) S.A.E. |
Unconsolidated Financial Statements |
March 31, 2014 |
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COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
FINANCIAL POSITION |
|
|
|
|
As of March. 31, 2014 |
|
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|
|
Amounts in EGP. |
Note |
March 31, 2014 |
|
Dec. 31 ,2013 |
Assets |
|
|
|
|
|
|
|
|
|
Cash and Balances with Central Bank |
15 |
4,694,156,406 |
|
4,796,240,354 |
Due From Banks |
16 |
9,700,572,320 |
|
8,893,670,965 |
Treasury Bills and Other Governmental Notes |
17 |
22,768,621,764 |
|
23,654,812,174 |
Trading Financial Assets |
18 |
3,416,233,656 |
|
2,246,347,806 |
Loans and Advances to Banks |
19 |
43,542,211 |
|
132,422,732 |
Loans and Advances to Customers |
20 |
42,683,088,366 |
|
41,837,951,712 |
Derivative Financial Investments |
21 |
93,698,197 |
|
103,085,538 |
Financial Investments |
|
|
|
|
Available for Sale |
22 |
27,053,060,381 |
|
23,363,501,695 |
Held to Maturity |
22 |
4,185,480,015 |
|
4,187,173,991 |
Investments in Subsidiary and Associates |
23 |
605,387,225 |
|
599,276,660 |
Investment Property |
24 |
4,056,000 |
|
9,695,686 |
Other Assets |
25 |
2,966,228,564 |
|
2,879,794,496 |
Deferred Tax |
33 |
65,757,407 |
|
83,755,441 |
Property, Plant and Equipment |
26 |
986,108,579 |
|
964,538,516 |
Total Assets |
|
119,265,991,091 |
|
113,752,267,766 |
|
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|
Liabilities and Equity |
|
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|
Liabilities |
|
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|
Due to Banks |
27 |
876,140,847 |
|
1,373,410,040 |
Due to Customers |
28 |
102,851,393,543 |
|
96,940,270,000 |
Derivative Financial Instruments |
21 |
118,091,960 |
|
114,878,583 |
Current Income Tax obligations |
|
1,152,996,108 |
|
1,179,708,811 |
Other Liabilities |
30 |
1,621,544,763 |
|
1,446,046,680 |
Long Term Loans |
29 |
141,302,084 |
|
132,153,227 |
Other Provisions |
31 |
494,788,351 |
|
450,755,558 |
Total Liabilities |
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107,256,257,656 |
|
101,637,222,899 |
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Equity |
|
|
|
|
Issued & Paid- in Capital |
32 |
9,081,734,430 |
|
9,002,435,690 |
Reserves |
32 |
2,044,048,206 |
|
307,223,285 |
Reserve for Employee Stock Ownership Plan (ESOP) |
|
105,223,752 |
|
190,260,457 |
Total Equity |
|
11,231,006,388 |
|
9,499,919,432 |
Net Profit of the Period/Year After Tax |
|
778,727,047 |
|
2,615,125,435 |
Total Equity and Net Profit for the Period/Year |
|
12,009,733,435 |
|
12,115,044,867 |
Total Liabilities and Equity |
|
119,265,991,091 |
|
113,752,267,766 |
Contingent Liabilities and Commitments |
|
|
|
|
Letters of Credit, Guarantees and other commitments |
37 |
18,051,540,509 |
|
16,182,489,160 |
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
INCOME STATEMENT |
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As of March. 31, 2014 |
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Amounts in EGP. |
Note |
March 31, 2014 |
|
March 31, 2013 |
|
|
|
|
|
Interest and Similar Income |
|
2,564,459,415 |
|
2,142,541,043 |
Interest and Similar Expense |
|
(1,192,662,060) |
|
(1,007,452,996) |
|
|
|
|
|
Net Interest Income |
6 |
1,371,797,355 |
|
1,135,088,047 |
|
|
|
|
|
Fee and Commissions Income |
|
356,427,131 |
|
289,209,214 |
Fee and Commissions Expense |
|
(36,851,976) |
|
(29,298,795) |
Net Income from Fees and Commissions |
7 |
319,575,155 |
|
259,910,419 |
Dividend Income |
8 |
1,234,794 |
|
737,384 |
Net Trading Income |
9 |
151,931,713 |
|
132,136,317 |
Profit (Losses) from Financial Investments |
22 |
3,968,948 |
|
1,952,434 |
Administrative Expenses |
10 |
(392,434,440) |
|
(344,644,091) |
Other Operating (Expenses) Income |
11 |
(149,158,334) |
|
(53,277,425) |
Impairment Charge ( Release) for Credit Losses |
12 |
(184,587,065) |
|
(226,326,368) |
Net Profit before Tax |
|
1,122,328,126 |
|
905,576,717 |
Income Tax Expense |
13 |
(325,603,045) |
|
(258,746,199) |
Deferred Tax |
33 & 13 |
(17,998,034) |
|
8,307,460 |
Net Profit of the Period |
|
778,727,047 |
|
655,137,978 |
Earning per share |
14 |
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Basic |
|
0.76 |
|
0.66 |
Diluted |
|
0.75 |
|
0.65 |
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COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1a |
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As of March. 31, 2014 |
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Amounts in EGP. |
|
March 31, 2014 |
|
March 31, 2013 |
Cash Flow From Operating Activities |
|
|
|
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Net Profit Before Tax |
|
1,122,328,126 |
|
905,576,717 |
Adjustments To Reconcile Net Profit to Net Cash |
|
|
|
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Provided by Operating Activities |
|
|
|
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Depreciation |
|
51,160,489 |
|
40,398,449 |
Impairment charge for credit losses |
|
184,587,065 |
|
226,326,368 |
Other Provisions Charges |
|
45,221,385 |
|
34,710,014 |
Trading Financial Investment Revaluation Differences |
|
3,520,438 |
|
27,708,950 |
Available for sale and held to maturity investments exchange revaluation differences |
|
(3,336,225) |
|
(96,308,651) |
Financial Investments Impairment Charge (Release) |
|
411,873 |
|
(3,095,044) |
Utilization of Other Provisions |
|
(1,633,053) |
|
(223,505) |
Other Provisions No Longer Used |
|
- |
|
(141,520) |
Exchange Differences of Other Provisions |
|
444,461 |
|
9,997,924 |
Profits From Selling Property, Plant and Equipment |
|
(72,757) |
|
(491,491) |
Profits From Selling Financial Investments |
|
(3,973,106) |
|
(1,951,651) |
Share Based Payments |
27,314,941 |
|
23,961,679 |
Investments in Subsidiary and Associates Revaluation |
|
(110,565) |
|
(2,773,485) |
|
Operating Profits Before Changes in Operating Assets and Liabilities |
|
1,425,863,072 |
|
1,163,694,754 |
|
|
|
|
|
Net Decrease (Increase) in Assets and Liabilities |
|
|
|
|
Due from banks |
|
(814,219,816) |
|
(1,187,119,103) |
Treasury Bills & Other Governmental Notes |
|
1,349,983,072 |
|
(2,179,687,466) |
Trading Financial Assets |
|
(1,173,406,288) |
|
342,061,660 |
Derivative Financial Instruments |
|
12,600,718 |
|
22,681,045 |
Loans and Advances to Banks and Customers |
|
(940,843,197) |
|
(1,231,840,550) |
Other Assets |
|
(90,095,764) |
|
(4,940,151) |
Due to Banks |
|
(497,269,193) |
|
(715,615,737) |
Due to Customers |
|
5,911,123,543 |
|
7,314,053,459 |
Income Tax obligations Paid |
|
(352,315,748) |
|
(242,162,433) |
Other Liabilities |
|
175,498,083 |
|
227,533,737 |
Net Cash Provided from Operating Activities |
|
5,006,918,482 |
|
3,508,659,215 |
|
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1b |
|
|
|
|
As of March. 31, 2014 |
|
March 31, 2014 |
|
March 31, 2013 |
Cash Flow From Investing Activities |
|
|
|
|
Purchases of Subsidiary and Associates |
|
(6,000,000) |
|
- |
Purchases of Property, Plant and Equipment |
|
(68,996,099) |
|
(112,435,909) |
Redemption of Held-to-Maturity Financial Investments |
|
1,693,976 |
|
8,067,598 |
Purchases of Available for Sale Financial Investments |
|
(4,913,751,526) |
|
(737,071,950) |
Proceeds from Selling Available for Sale Financial Investments |
|
1,493,776,127 |
|
1,532,349,018 |
Proceeds from Selling Real Estate Investments |
|
5,639,686 |
|
- |
Net Cash Generated from (Used in) Investing Activities |
|
(3,487,637,836) |
|
690,908,757 |
|
|
|
|
|
Cash Flow From Financing Activities |
|
|
|
|
Increase (Decrease) in Long Term Loans |
|
9,148,857 |
|
48,635,000 |
Dividends Paid |
|
(1,253,337,989) |
|
(309,308,739) |
Capital Increase |
|
79,298,740 |
|
- |
Net Cash Generated from (Used in) Financing Activities |
|
(1,164,890,392) |
|
(260,673,739) |
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalent during the period |
|
354,390,254 |
|
3,938,894,233 |
Beginning Balance of Cash and Cash Equivalent |
|
11,758,996,230 |
|
5,536,080,094 |
Cash and Cash Equivalent Balance At the End of the Period |
|
12,113,386,484 |
|
9,474,974,327 |
|
|
|
|
|
Cash & Cash Equivalent Comprise |
|
|
|
|
Cash and Balances with Central Bank |
|
4,694,156,406 |
|
5,616,291,150 |
Due From Banks |
|
9,700,572,320 |
|
9,299,527,722 |
Treasury Bills and Other Governmental Notes |
|
22,768,621,764 |
|
13,719,596,497 |
Obligatory Reserve Balance With CBE |
|
(3,225,921,408) |
|
(3,306,582,184) |
Due from Banks (Time Deposits) More than Three Months |
|
(5,961,288,644) |
|
(5,611,093,131) |
Treasury Bills with Maturity More than Three Months |
|
(15,862,753,954) |
|
(10,242,765,727) |
Total Cash & Cash Equivalent |
|
12,113,386,484 |
|
9,474,974,327 |
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