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Commercial International Bank (Egypt) S.A.E. |
|
Unconsolidated Financial Statements |
|
September 30, 2015 |
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COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
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FINANCIAL POSITION |
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As of September 30, 2015 |
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|
|
Amounts in EGP Thousands. |
|
Note |
Sep. 30, 2015 |
|
Dec. 31 ,2014 |
Assets |
|
|
|
|
|
|
|
|
|
|
|
Cash and balances with central bank |
|
15 |
9,230,657 |
|
7,502,256 |
Due from banks |
|
16 |
15,690,424 |
|
9,279,896 |
Treasury bills and other governmental notes |
|
17 |
28,542,497 |
|
30,539,402 |
Trading financial assets |
|
18 |
6,353,779 |
|
3,727,571 |
Loans and advances to banks, net |
|
19 |
44,946 |
|
118,091 |
Loans and advances to customers, net |
|
20 |
57,711,842 |
|
49,279,817 |
Derivative financial instruments |
|
21 |
77,773 |
|
52,188 |
Financial investments |
|
|
|
|
|
- Available for Sale |
|
22 |
43,313,457 |
|
27,688,410 |
- Held to Maturity |
|
22 |
9,262,579 |
|
9,160,746 |
Investments in subsidiary and associates |
|
23 |
564,686 |
|
564,686 |
Investment properties |
|
24 |
- |
|
884,094 |
Other assets |
|
25 |
4,114,139 |
|
3,745,362 |
Deferred tax assets |
|
33 |
207,797 |
|
122,110 |
Property, plant and equipment |
|
26 |
1,000,660 |
|
982,296 |
Total Assets |
|
|
176,115,236 |
|
143,646,925 |
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|
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|
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Liabilities and Equity |
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|
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|
Liabilities |
|
|
|
|
|
|
|
|
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|
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Due to Banks |
|
27 |
930,072 |
|
1,131,385 |
Due to Customers |
|
28 |
154,378,886 |
|
122,244,933 |
Derivative Financial Instruments |
|
21 |
56,362 |
|
137,175 |
Current Income Tax Obligations |
|
|
1,430,088 |
|
1,814,609 |
Other Liabilities |
|
30 |
2,520,233 |
|
2,541,965 |
Long Term Loans |
|
29 |
168,456 |
|
242,878 |
Other Provisions |
|
31 |
846,280 |
|
718,356 |
Total Liabilities |
|
|
160,330,377 |
|
128,831,301 |
|
|
|
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|
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Equity |
|
|
|
|
|
Issued & Paid- in Capital |
|
32 |
9,176,482 |
|
9,081,734 |
Reserves |
|
32 |
2,854,892 |
|
1,908,594 |
Reserve for Employee Stock Ownership Plan (ESOP) |
|
|
242,580 |
|
177,766 |
Total Equity |
|
|
12,273,954 |
|
11,168,094 |
Net Profit of the Period/Year After Tax |
|
|
3,510,905 |
|
3,647,530 |
Total Equity and Net Profit for the Period/Year |
|
|
15,784,859 |
|
14,815,624 |
Total Liabilities and Equity |
|
|
176,115,236 |
|
143,646,925 |
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
|
INCOME STATEMENT |
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|
|
As of September 30, 2015 |
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|
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|
|
Amounts in EGP Thousands. |
|
Note |
Sep. 30, 2015 |
|
Sep. 30, 2014 |
Interest and similar income |
|
|
10,739,385 |
|
8,199,148 |
Interest and similar expense |
|
|
(4,831,979) |
|
(3,826,333) |
Net interest income |
|
6 |
5,907,406 |
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4,372,815 |
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|
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Fee and Commissions Income |
|
|
1,383,052 |
|
1,179,439 |
Fee and Commissions Expense |
|
|
(199,589) |
|
(127,371) |
Net Fees and Commission Income |
|
7 |
1,183,463 |
|
1,052,068 |
Dividend income |
|
8 |
33,769 |
|
28,358 |
Net trading income |
|
9 |
439,725 |
|
573,952 |
Profit (Losses) on financial investments |
|
22 |
158,337 |
|
73,866 |
Administrative expenses |
|
10 |
(1,412,574) |
|
(1,194,054) |
Other operating (expenses) income |
|
11 |
(334,540) |
|
(484,463) |
Impairment (charge) release for credit losses |
|
12 |
(1,120,280) |
|
(466,534) |
Profit before income tax |
|
|
4,855,306 |
|
3,956,008 |
Income Tax Expense |
|
13 |
(1,430,088) |
|
(1,337,505) |
Deferred Tax Assets |
|
33 & 13 |
85,687 |
|
438 |
Net Profit for the Period |
|
|
3,510,905 |
|
2,618,941 |
Earnings per share |
|
14 |
|
|
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Basic |
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|
3.39 |
|
2.53 |
Diluted |
|
|
3.33 |
|
2.48 |
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COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
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CASH FLOW STATEMENT 1a |
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As of September 30, 2015 |
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|
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Amounts in EGP Thousands. |
|
|
Sep. 30, 2015 |
|
Sep. 30, 2014 |
Cash Flow From Operating Activities |
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|
|
|
|
Profit Before Income Tax |
|
|
4,855,306 |
|
3,956,008 |
Adjustments To Reconcile Net Profit to Net Cash Provided by Operating Activities |
|
|
|
|
|
Depreciation |
|
|
163,728 |
|
157,913 |
Impairment charge for credit losses |
|
|
1,120,280 |
|
466,534 |
Other provisions charges |
|
|
113,569 |
|
114,528 |
Trading financial investments revaluation differences |
|
|
352,177 |
|
(34,356) |
Available for sale and held to maturity investments exchange revaluation differences |
|
|
(96,639) |
|
(38,176) |
Financial investments impairment charge (release) |
|
|
(28,083) |
|
1,493 |
Utilization of other provisions |
|
|
(4,649) |
|
(5,733) |
Exchange differences of other provisions |
|
|
19,004 |
|
(951) |
Profits from selling property, plant and equipment |
|
|
(1,127) |
|
(689) |
Profits from selling financial investments |
|
|
(161,897) |
|
(74,947) |
Shares based payments |
|
|
127,827 |
|
81,945 |
Investments in subsidiary and associates revaluation |
|
- |
|
(1) |
Operating Profits Before Changes in Operating Assets and Liabilities |
|
|
6,459,496 |
|
4,623,568 |
|
|
|
|
|
|
Net Decrease (Increase) in Assets and Liabilities |
|
|
|
|
|
Due from banks |
|
|
(7,329,312) |
|
(5,316.680) |
Treasury bills and other governmental notes |
|
|
2,335,423 |
|
(3,085,888) |
Trading financial assets |
|
|
(2,978,385) |
|
(1,214,266) |
Derivative financial instruments |
|
|
(106,398) |
|
28,381 |
Loans and advances to banks and customers |
|
|
(9,479,160) |
|
(4,932,210) |
Other assets |
|
|
(315,794) |
|
(559,213) |
Due to banks |
|
|
(201,313) |
|
204,357 |
Due to customers |
|
|
32,133,953 |
|
19,004,737 |
Income tax obligations paid |
|
|
(1,814,609) |
|
(1,179,709) |
Other liabilities |
|
|
(21,732) |
|
887,223 |
Net Cash Provided from Operating Activities |
|
|
18,682,169 |
|
8,460,300 |
|
|
COMMERCIAL INTERNATIONAL BANK (EGYPT) S.A.E |
|
CASH FLOW STATEMENT 1b |
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|
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|
|
As of September 30, 2015 |
|
|
Sep. 30, 2015 |
|
Sep. 30, 2014 |
Cash Flow From Investing Activities |
|
|
|
|
|
Purchase of subsidiary and associates |
|
|
- |
|
(7,178) |
Purchases of property, plant and equipment |
|
|
(233,948) |
|
(193,711) |
Redemption of held to maturity financial investments |
|
|
3,917,715 |
|
2,473 |
Purchases of held to maturity financial investments |
|
|
(4,019,548) |
|
(4,804,951) |
Purchases of available for sale financial investments |
|
|
(21,237,674) |
|
(6,851,235) |
Proceeds from selling available for sale financial investments |
|
|
4,698,647 |
|
4,970,853 |
Proceeds from selling real estate investments |
|
|
884,094 |
|
5,640 |
Net cash generated from (used in) investing activities |
|
|
(15,990,714) |
|
(6,878,109) |
|
|
|
|
|
|
Cash Flow From Financing Activities |
|
|
|
|
|
Increase (Decrease) in Long Term Loans |
|
|
(74,422) |
|
98,725 |
Dividend Paid |
|
|
(1,563,646) |
|
(1,253,338) |
Capital Increase |
|
|
94,748 |
|
79,299 |
Net Cash Generated from (Used in) Financing Activities |
|
|
(1,543,320) |
|
(1,075,314) |
|
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalent During the Period |
|
|
1,148,135 |
|
506,877 |
Beginning Balance of Cash and Cash Equivalent |
|
|
14,811,360 |
|
11,862,042 |
Cash and Cash Equivalent At the End of the Period |
|
|
15,959,495 |
|
12,368,919 |
|
|
|
|
|
|
Cash and Cash Equivalent Comprise |
|
|
|
|
|
Cash and balances with central bank |
|
|
9,230,657 |
|
6,611,568 |
Due from banks |
|
|
15,690,424 |
|
13,061,562 |
Treasury bills and other governmental notes |
|
|
28,542,497 |
|
26,581,039 |
Obligatory reserve balance with CBE |
|
|
(7,032,352) |
|
(4,508,216) |
Due from banks (time deposits) more than three months |
|
|
(10,696,968) |
|
(9,078,408) |
Treasury bills with maturity more than three months |
|
|
(19,774,763) |
|
(20,298,626) |
Total Cash and Cash Equivalent |
|
|
15,959,495 |
|
12,368,919 |
