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Commercial International Bank (Egypt) S.A.E. |
Unconsolidated Financial Statements |
June 30, 2015 |
|
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|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
FINANCIAL POSITION |
|
|
|
|
As of June 30, 2015 |
|
|
|
|
Amounts in EGP Thousands |
Note |
June 30, 2015 |
|
Dec. 31, 2014 |
Assets |
|
|
|
|
|
|
|
|
|
Cash & Balances with Central Bank |
15 |
12,668,642 |
|
7,502,256 |
Due From Banks |
16 |
8,426,970 |
|
9,279,896 |
Treasury Bills and Other Governmental Notes |
17 |
26,567,156 |
|
30,539,402 |
Trading Financial Assets |
18 |
5,957,488 |
|
3,727,571 |
Loans and advances to banks, net |
19 |
34,182 |
|
118,091 |
Loans and advances to customers, net |
20 |
55,214,730 |
|
49,279,817 |
Derivative Financial Instruments |
21 |
76,532 |
|
52,188 |
Financial Investments |
|
|
|
|
Available for Sale |
22 |
37,560,629 |
|
27,688,410 |
Held to Maturity |
22 |
9,763,861 |
|
9,160,746 |
Investments in Subsidiary and Associates |
23 |
564,686 |
|
564,686 |
Investment Properties |
24 |
908,393 |
|
884,094 |
Other Assets |
25 |
3,790,285 |
|
3,745,362 |
Deferred Tax Assets |
33 |
223,197 |
|
122,110 |
Property, Plant and Equipment |
26 |
1,030,979 |
|
982,296 |
Total Assets |
|
162,787,730 |
|
143,646,925 |
|
|
|
|
|
Liabilities and Equity |
|
|
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|
Liabilities |
|
|
|
|
|
|
|
|
|
Due to Banks |
27 |
599,254 |
|
1,131,385 |
Due to Customers |
28 |
143,015,402 |
|
122,244,933 |
Derivative Financial Instruments |
21 |
140,748 |
|
137,175 |
Dividends Payable |
|
- |
|
- |
Current Tax Liabilities |
|
1,130,674 |
|
1,814,609 |
Other Liabilities |
30 |
2,063,304 |
|
2,541,965 |
Long Term Loans |
29 |
205,974 |
|
242,878 |
Other Provisions |
31 |
771,454 |
|
718,356 |
Total Liabilities |
|
147,926,810 |
|
128,831,301 |
|
|
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Equity |
|
|
|
|
Issued and Paid Up Capital |
32 |
9,176,482 |
|
9,081,734 |
Reserves |
32 |
3,285,720 |
|
1,908,594 |
Reserve for Employee Stock Ownership Plan (ESOP) |
|
199,971 |
|
177,766 |
Total Equity |
|
12,662,173 |
|
11,168,094 |
Net Profit for the Period/Year |
|
2,198,747 |
|
3,647,530 |
Total Equity And Net Profit For Period/Year |
|
14,860,920 |
|
14,815,624 |
Total Liabilities, Equity and Minority Interest |
|
162,787,730 |
|
143,646,925 |
|
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COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
INCOME STATEMENT |
|
|
|
|
As of June 30, 2015 |
|
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|
|
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|
|
Amounts in EGP Thousands |
Note |
June 30, 2015 |
|
June 30, 2014 |
|
|
|
|
|
Interest and Similar Income |
|
6,917,409 |
|
5,268,734 |
Interest and Similar Expenses |
|
(3,109,039) |
|
(2,462,911) |
|
|
|
|
|
Net Interest Income |
6 |
3,808,370 |
|
2,805,823 |
|
|
|
|
|
Fees and Commissions Income |
|
924,302 |
|
763,978 |
Fees and Commissions Expense |
|
(122,286) |
|
(80,233) |
Net Fee and Commissions Income |
7 |
802,016 |
|
683,745 |
|
|
|
|
|
Dividend Income |
8 |
14,367 |
|
28,356 |
Net Trading Income |
9 |
190,441 |
|
399,639 |
Profit (losses) from Financial Investments |
22 |
158,424 |
|
9,379 |
Administrative Expenses |
10 |
(952,386) |
|
(757,887) |
Other operating (Expenses) Income |
11 |
(144,456) |
|
(292,909) |
Impairment (Charge) Release for Credit Losses |
12 |
(648,442) |
|
(359,160) |
Profit Before Income Tax |
|
3,228,334 |
|
2,516,986 |
|
|
|
|
|
Income Tax Expense |
13 |
(1,130,674) |
|
(843,785) |
Deferred Tax |
33 & 13 |
101,087 |
|
(10,198) |
Net Profit for The period |
|
2,198,747 |
|
1,663,003 |
|
|
|
|
|
Earnings per share |
14 |
|
|
|
Basic |
|
2.12 |
|
1.60 |
Diluted |
|
2.09 |
|
1.58 |
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1a |
|
|
|
|
As of June 30, 2015 |
|
|
|
|
Amounts in EGP Thousands |
|
June 30, 2015 |
|
June 30, 2014 |
Cash Flow from Operating Activities |
|
|
|
|
Profit Before Income Tax |
|
3,228,334 |
|
2,516,986 |
Adjustments To Reconcile Net Profit |
|
|
|
|
To Net Cash Provided by Operating Activities |
|
|
|
|
Depreciation |
|
107,181 |
|
102,925 |
Impairment Charges for credit losses |
|
648,442 |
|
359,160 |
Other Provisions Charges |
|
44,094 |
|
98,156 |
Trading Financial Investment Revaluation Differences |
|
270,246 |
|
(42,020) |
Available for sale and held to maturity investments exchange revaluation differences |
|
(69,351) |
|
(38,176) |
Financial Investments Impairment Charge (Release) |
|
(17,226) |
|
8,436 |
Utilization of Other Provisions |
|
(538) |
|
(6,306) |
Exchange Differences of Other Provisions |
|
9,542 |
|
5,411 |
Profits From Selling Property, Plant and Equipment |
|
(798) |
|
(392) |
Profits From Selling Financial Investments |
|
(177,395) |
|
(9,387) |
Shares Based Payments |
|
85,218 |
|
54,630 |
Investments in Associates Revaluation |
|
- |
|
(1) |
Real estate investments revaluation |
|
(24,299) |
|
- |
Operating Profits Before Changes in Operating Assets and Liabilities |
|
4,103,450 |
|
3,049,422 |
|
|
|
|
|
Net Decrease (Increase) in Assets and Liabilities |
|
|
|
|
Due from banks |
` |
(3,812,236) |
|
(3,636,603) |
Treasury Bills and Other Governmental Notes |
|
2,116,239 |
|
953,655 |
Trading Financial Assets |
|
(2,500,163) |
|
(973,902) |
Derivative Financial Instruments |
|
(20,771) |
|
20,374 |
Loans and Advances to Banks and Customers |
|
(6,499,446) |
|
(3,791,450) |
Other Assets |
|
(35,440) |
|
(390,244) |
Due to Banks |
|
(532,131) |
|
(690,043) |
Due to Customers |
|
20,770,469 |
|
14,224,920 |
Income Tax obligations Paid |
|
(1,814,609) |
|
(1,179,709) |
Other Liabilities |
|
(478,661) |
|
(7,025) |
Net Cash Provided from Operating Activities |
11,296,701 |
|
7,579,395 |
|
|
|
|
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
CASH FLOW STATEMENT 1b |
|
|
|
|
As of June. 30, 2015 |
|
June 30, 2015 |
|
June 30, 2014 |
Cash Flow From Investing Activities |
|
|
|
|
Purchase of Subsidiary and Associates |
|
- |
|
(7,178) |
Purchase of Property, Plant and Equipment |
|
(164,549) |
|
(122,003) |
Redemption of Held-to-Maturity Financial Investments |
|
3,416,433 |
|
3,132 |
Purchases of held to maturity financial investments |
|
(4,019,548) |
|
(4,804,952) |
Purchases of Available for Sale Financial Investments |
|
(13,050,692) |
|
(6,195,277) |
Proceeds from Selling Available For Sale Financial Investments |
|
2,672,674 |
|
2,801,684 |
Purchases of Real Estate Investments |
|
- |
|
5,640 |
Net Cash Generated from (Used in) Investing Activities |
|
(11,145,682) |
|
(8,318,954) |
|
|
|
|
|
Cash Flow From Financing Activities |
|
|
|
|
Increase (Decrease) in Long Term Loans |
|
(36,904) |
|
80,035 |
Dividend Paid |
|
(1,563,646) |
|
(1,253,338) |
Capital Increase |
|
94,748 |
|
79,299 |
Net Cash Generated from (Used in) Financing Activities |
|
(1,505,802) |
|
(1,094,004) |
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalent during the period |
|
(1,354,783) |
|
(1,833,563) |
Beginning Balance of Cash and Cash Equivalent |
|
14,811,360 |
|
11,862,042 |
Cash and Cash Equivalent Balance At the End of the Period |
|
13,456,577 |
|
10,028,479 |
|
|
|
|
|
Cash and Cash Equivalent Comprise: |
|
|
|
|
Cash and Balances with Central Bank |
|
12,668,642 |
|
6,135,522 |
Due From Banks |
|
8,426,970 |
|
11,397,564 |
Treasury Bills and Other Governmental Notes |
|
26,567,156 |
|
20,661,024 |
Obligatory Reserve Balance With CBE |
|
(10,528,028) |
|
(4,298,440) |
Due from Banks (Time Deposits) More than Three Months |
|
(3,684,216) |
|
(7,608,108) |
Treasury Bills With Maturity More than Three months |
|
(19,993,947) |
|
(16,259,083) |
Total Cash & Cash Equivalent |
|
13,456,577 |
|
10,028,479 |
