|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial International Bank (Egypt) S.A.E. |
Unconsolidated Financial Statements |
March 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
FINANCIAL POSITION |
|
|
|
|
As of March. 31, 2015 |
|
|
|
|
Amounts in EGP. Thousands |
Note |
March 31, 2015 |
|
Dec. 31 ,2014 |
Assets |
|
|
|
|
|
|
|
|
|
Cash and balances with Central Bank |
15 |
8,842,134 |
|
7,502,256 |
Due from banks |
16 |
9,808,665 |
|
9,279,896 |
Treasury bills and other governmental notes |
17 |
30,678,768 |
|
30,539,402 |
Trading financial assets |
18 |
5,584,181 |
|
3,727,571 |
Loans and advances to banks, net |
19 |
32,267 |
|
118,091 |
Loans and advances to customers, net |
20 |
53,739,928 |
|
49,279,817 |
Derivative financial instruments |
21 |
115,099 |
|
52,188 |
Financial investments |
|
|
|
|
- Available for sale |
22 |
32,215,900 |
|
27,688,410 |
- Held to maturity |
22 |
10,208,841 |
|
9,160,746 |
Investments in subsidiary and associates |
23 |
564,686 |
|
564,686 |
Investment properties |
24 |
908,393 |
|
884,094 |
Other assets |
25 |
3,825,829 |
|
3,745,362 |
Deferred tax assets |
33 |
142,160 |
|
122,110 |
Property, plant and equipment |
26 |
1,008,384 |
|
982,296 |
Total assets |
|
157,675,235 |
|
143,646,925 |
Liabilities and equity |
|
|
|
|
Liabilities |
|
|
|
|
Due to banks |
27 |
409,774 |
|
1,131,385 |
Due to customers |
28 |
136,175,230 |
|
122,244,933 |
Derivative financial instruments |
21 |
256,295 |
|
137,175 |
Dividends Payable |
|
1,089,808 |
|
- |
Current tax liabilities |
|
542,567 |
|
1,814,609 |
Other liabilities |
30 |
3,743,009 |
|
2,541,965 |
Long term loans |
29 |
214,662 |
|
242,878 |
Other provisions |
31 |
752,066 |
|
718,356 |
Total liabilities |
|
143,183,411 |
|
128,831,301 |
Equity |
|
|
|
|
Issued and paid up capital |
32 |
9,081,734 |
|
9,081,734 |
Reserves |
32 |
4,109,909 |
|
1,908,594 |
Reserve for employee stock ownership plan (ESOP) |
|
220,375 |
|
177,766 |
Total equity |
|
13,412,018 |
|
11,168,094 |
Net profit for the period / year after tax |
|
1,079,806 |
|
3,647,530 |
Total equity and net profit for period / year |
|
14,491,824 |
|
14,815,624 |
Total liabilities and equity |
|
157,675,235 |
|
143,646,925 |
|
|
|
|
|
Contingent liabilities and commitments |
|
|
|
|
Letters of credit, guarantees and other commitments |
37 |
27,676,096 |
|
25,309,960 |
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
INCOME STATEMENT |
|
|
|
|
As of March. 31, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts in EGP Thousands. |
Note |
March 31, 2015 |
|
March 31, 2014 |
|
|
|
|
|
Interest and similar income |
|
3,377,796 |
|
2,564,459 |
Interest and similar expense |
|
(1,508,295) |
|
(1,192,662) |
Net interest income |
6 |
1,869,501 |
|
1,371,797 |
|
|
|
|
|
Fee and commission income |
|
455,338 |
|
356,427 |
Fee and commission expense |
|
(53,418) |
|
(36,852) |
Net fee and commission income |
7 |
401,920 |
|
319,575 |
|
|
|
|
|
Dividend income |
8 |
491 |
|
1,235 |
Net trading income |
9 |
63,528 |
|
151,931 |
Profit (Losses) on financial investments |
22 |
163,823 |
|
3,969 |
Administrative expenses |
10 |
(488,665) |
|
(392,434) |
Other operating (expenses) income |
11 |
12,623 |
|
(149,158) |
Impairment (charge) release for credit losses |
12 |
(420,898) |
|
(184,587) |
Profit before income tax |
|
1,602,323 |
|
1,122,328 |
|
|
|
|
|
Income tax expense |
13 |
(542,567) |
|
(325,603) |
Deferred tax assets |
33 & 13 |
20,050 |
|
(17,998) |
Net profit for the period |
|
1,079,806 |
|
778,727 |
|
|
|
|
|
Earning per share |
14 |
|
|
|
Basic |
|
1.05 |
|
0.76 |
Diluted |
|
1.03 |
|
0.75 |
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1a |
|
|
|
|
As of March. 31, 2015 |
|
|
|
|
Amounts in EGP Thousands. |
Mar. 31, 2015 |
|
Mar. 31, 2014 |
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operating activities |
|
|
|
|
Profit before income tax |
1,602,323 |
|
1,122,328 |
|
Adjustments to reconcile net profit to net cash provided by operating activities |
|
|
|
|
Depreciation |
53,089 |
|
51,161 |
|
Impairment charge for credit losses |
420,898 |
|
184,587 |
|
Other provisions charges |
25,945 |
|
45,221 |
|
Trading financial investments revaluation differences |
94,997 |
|
3,520 |
|
Available for sale and held to maturity investments exchange revaluation differences |
(69,351) |
|
(3,336) |
|
Financial investments impairment charge (release) |
22,868 |
|
412 |
|
Utilization of other provisions |
(155) |
|
(1,633) |
|
Other provisions no longer used |
- |
|
- |
|
Exchange differences of other provisions |
7,920 |
|
- |
|
Profits from selling property, plant and equipment |
(647) |
|
(73) |
|
|
Profits from selling financial investments |
(177,242) |
|
(3,973) |
|
Shares based payments |
42,609 |
|
27,315 |
|
Investments in subsidiary and associates revaluation |
- |
|
(110) |
|
Real estate investments revaluation |
(24,299) |
|
- |
|
Operating profits before changes in operating assets and liabilities |
1,998,955 |
|
1,425,863 |
|
|
|
|
|
|
Net decrease (increase) in assets and liabilities |
|
|
|
|
Due from banks |
(1,637,714) |
|
(763,004) |
|
Treasury bills and other governmental notes |
(3,500,850) |
|
1,349,983 |
|
Trading financial assets |
(1,951,607) |
|
(1,173,406) |
|
Derivative financial instruments |
56,209 |
|
12,601 |
|
Loans and advances to banks and customers |
(4,795,185) |
|
(940,843) |
|
Other assets |
(44,200) |
|
(90,096) |
|
Due to banks |
(721,611) |
|
(497,269) |
|
Due to customers |
13,930,297 |
|
5,911,124 |
|
Income tax obligations paid |
(1,814,609) |
|
175,498 |
|
Other liabilities |
1,201,044 |
|
175,498 |
|
Net cash provided from operating activities |
2,720,729 |
|
5,058,135 |
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1b |
|
|
|
|
As of March. 31, 2015 |
Mar. 31, 2015 |
|
Mar. 31, 2014 |
|
Cash Flow From Investing Activities |
|
|
|
|
Purchase of subsidiary and associates |
- |
|
(6,000) |
|
Purchases of property, plant and equipment |
(114,796) |
|
(68,996) |
|
Redemption of held to maturity financial investments |
2,765,025 |
|
1,694 |
|
Purchases of held to maturity financial investments |
(3,813,120) |
|
- |
|
Purchases of available for sale financial investments |
(5,852,952) |
|
(4,913,752) |
|
Proceeds from selling available for sale financial investments |
1,666,620 |
|
1,493,776 |
|
Purchases of real estate investments |
- |
|
5,640 |
|
Net Cash Generated from (Used in) Investing Activities |
(5,349,223) |
|
(3,487,638) |
|
|
|
|
|
|
Cash Flow From Financing Activities |
|
|
|
|
Increase (Decrease) in Long Term Loans |
(28,216) |
|
9,149 |
|
Dividends Paid |
(473,838) |
|
(1,253,338) |
|
Capital Increase |
- |
|
79,299 |
|
Net Cash Generated from (Used in) Financing Activities |
(502,054) |
|
(1,164,890) |
|
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalent during the period |
(3,130,548) |
|
405,607 |
|
Beginning Balance of Cash and Cash Equivalent |
14,811,360 |
|
11,862,042 |
|
Cash and Cash Equivalent Balance At the End of the Period |
11,680,812 |
|
12,267,649 |
|
|
|
|
|
|
Cash & Cash Equivalent Comprise |
|
|
|
|
Cash and Balances with Central Bank |
8,842,134 |
|
4,694,156 |
|
Due From Banks |
9,808,665 |
|
9,700,572 |
|
Treasury Bills and Other Governmental Notes |
30,678,768 |
|
22,768,622 |
|
Obligatory Reserve Balance With CBE |
(6,820,947) |
|
(3,071,659) |
|
Due from Banks (Time Deposits) More than Three Months |
(5,216,772) |
|
(5,961,288) |
|
Treasury Bills with Maturity More than Three Months |
(25,611,036) |
|
(15,862,754) |
|
Total Cash & Cash Equivalent |
11,680,812 |
|
12,267,649 |
|
|
|
|
|
|
|
|
|
