http://www.rns-pdf.londonstockexchange.com/rns/5862T_1-2023-3-20.pdf
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Consolidated Income Statement for the Year Ended December 31, 2022
Notes |
Dec. 31, 2022 |
Dec. 31, 2021 |
|
EGP Thousands |
EGP Thousands |
Interest and similar income |
55,723,701 |
45,078,169 |
Interest and similar expense |
(24,828,731 ) |
(20,204,272 ) |
Net interest income 3 |
30,894,970 |
24,873,897 |
Fee and commission income |
5,555,082 |
4,045,573 |
Fee and commission expense |
(2,476,945 ) |
(1,655,096 ) |
Net fee and commission income 4 |
3,078,137 |
2,390,477 |
Dividend income 5 |
52,411 |
59,725 |
Net trading income 6 |
2,827,922 |
774,992 |
Profits on financial investments 20 |
1,162,195 |
594,863 |
Administrative expenses 7 |
(9,460,461) |
(7,787,584) |
Other operating expenses 8 |
(4,562,700) |
(1,673,546) |
Impairment charges for credit losses 9 |
(1,584,942) |
(1,679,747) |
Bank's share in the (loss)/profit of associates 12 |
(19,253 ) |
14,996 |
Profit before income tax from continuing operations |
22,388,279 |
17,568,073 |
Income taxes 10 |
(7,769,136 ) |
(5,565,599) |
Net profit for the year |
14,619,143 |
12,002,474 |
Attributable to: |
|
|
Equity holders of the parent |
14,561,381 |
12,006,925 |
Non-controlling interest |
57,762 |
(4,451) |
Net Profit for the year |
14,619,143 |
12,002,474 |
|
|
|
Earning per share 11 |
|
|
Basic attributable to equity holders of the parent |
4.88 |
4.03 |
Diluted attributable to equity holders of the parent |
4.84 |
3.99 |
The accompying notes from 1 to 42 form an integral part of these consolidated financial statements.
Sherif Samy
CEO & Managing director Chairman
20- March -2023 20- March -2023
Consolidated Statement of Comprehensive Income for the Year Ended December 31, 2022 |
||
|
|
|
|
Dec. 31, 2022 |
Dec. 31, 2021 |
|
EGP Thousands |
EGP Thousands |
Profit for the year |
14,619,143 |
12,002,474 |
Comprehensive income items that will not be reclassified to the Profit or Loss: |
|
|
Change in fair value of equity instruments measured at fair value through comprehensive income |
233,046 |
(149,323) |
Tax impact for investments that will not be reclassified to Income Statement |
(61,753) |
13,489 |
Transferred to RE from financial assets at fair value through comprehensive income |
(3,436) |
(177,488) |
Comprehensive income items that is or may be reclassified to the profit or loss: |
|
|
Change in fair value of debt instruments measured at fair value through comprehensive income |
(14,691,866) |
(2,181,779) |
Change in fair value from selling FVOCI financial instruments |
(1,116,776) |
(702,776) |
Cumulative foreign currencies translation differences |
181,324 |
(4,218) |
Tax impact for OCI investment that will be reclassified to Income Statement |
1,215,530 |
(109,394) |
Effect of ECL in fair value of debt instruments measured at fair value through OCI |
455,047 |
(93,566 ) |
Total comprehensive income for the year |
830,259 |
8,597,419 |
As follows: |
|
|
Bank's shareholders |
772,497 |
8,601,870 |
Non-controlling interest |
57,762 |
(4,451 ) |
Total comprehensive income for the year |
830,259 |
8,597,419 |
Notes
Dec. 31, 2021
EGP Thousands
Assets |
|
|
|
|
Cash and balances at the central bank |
13 |
47,492,549 |
|
43,492,248 |
Due from banks |
14 |
133,856,720 |
|
80,141,769 |
Loans and advances to banks, net |
15 |
2,978,197 |
|
312,216 |
Loans and advances to customers, net |
16 |
193,599,872 |
|
145,575,243 |
Financial Assets at fair value through profit or loss |
19 |
247,324 |
|
443,859 |
Derivative financial instruments |
17 |
1,939,961 |
|
225,376 |
Financial Assets at fair value through OCI |
19 |
208,144,247 |
|
197,238,721 |
Financial Assets at amortized cost |
19 |
34,524,760 |
|
20,547,465 |
Right of use assets |
23 |
1,726,082 |
|
1,084,585 |
Investments in associates |
21 |
186,062 |
|
205,315 |
Other assets |
22 |
14,521,427 |
|
11,207,128 |
Intangible assets |
38 |
51,831 |
|
51,831 |
Goodwill |
38 |
206,287 |
|
206,287 |
Deferred tax assets |
10.2 |
185,745 |
|
456,002 |
Property and equipment |
23 |
2,405,434 |
|
2,461,116 |
Total assets |
|
642,066,498 |
|
503,649,161 |
Liabilities and equity |
|
|
|
|
Liabilities |
|
|
|
|
Due to banks |
24 |
3,496,698 |
|
866,056 |
Due to customers |
25 |
531,616,550 |
|
407,241,538 |
Lease liabilities |
23 |
1,690,099 |
|
1,087,820 |
Derivative financial instruments |
17 |
219,752 |
|
265,470 |
Issued debt instruments |
18 |
2,456,607 |
|
1,557,263 |
Other liabilities |
27 |
17,700,479 |
|
13,710,791 |
Current Tax liability |
|
3,051,583 |
|
2,234,985 |
Other loans |
26 |
7,978,975 |
|
5,140,782 |
Provisions |
28 |
7,067,599 |
|
3,541,462 |
Total liabilities |
|
575,278,342 |
|
435,646,167 |
Equity |
|
|
|
|
Issued and paid in capital |
29 |
29,825,134 |
|
19,702,418 |
Reserves |
30 |
19,342,866 |
|
33,552,794 |
Reserve for employee stock ownership plan (ESOP) |
30 |
1,895,435 |
|
1,674,392 |
Retained earnings |
30 |
15,144,290 |
|
12,618,855 |
Total equity attributable to equity holders of the parent |
|
66,207,725 |
|
67,548,459 |
Non-controlling interest |
39 |
580,431 |
|
454,535 |
Total equity |
|
66,788,156 |
|
68,002,994 |
Total liabilities and equity |
|
642,066,498 |
|
503,649,161 |
The accompying notes from 1 to 42 form an integral part of these consolidated financial statements.
CEO & Managing director
20- March -2023
20- March -2023
Consolidated Statement of Changes in Shareholders' Equity
Dec. 31, 2021 Issued and paid in capital
Reserve for employee stock ownership plan (ESOP)
Retained earnings Reserves Total Non-controlling
interest
Total equity
|
Beginning balance at 1st of Jan 2021 14,776,813 1,064,648 9,534,429 32,939,079 58,314,969 483,055 58,798,024
Total comprehensive income - - 12,006,925 - 12,006,925 (4,451) 12,002,474
Capital increase |
4,925,605 |
- |
- |
(4,925,605) |
- |
- |
- |
||||||
Reserve for employee stock ownership plan (ESOP) |
- |
|
609,744 |
|
- |
|
- |
|
609,744 |
|
- |
|
609,744 |
Dividend |
- |
|
- |
|
(156,389) |
|
- |
|
(156,389) |
|
(24,069) |
|
(180,458) |
Transferred to reserves |
- |
|
- |
|
(8,766,110) |
|
5,539,320 |
|
(3,226,790) |
|
- |
|
(3,226,790) |
Balance at 31 December 2021 |
19,702,418 |
|
1,674,392 |
|
12,618,855 |
|
33,552,794 |
|
67,548,459 |
|
454,535 |
|
68,002,994 |
|
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Beginning balance at 1st of Jan 2022 |
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Total comprehensive income |
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Capital increase |
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Reserve for employee stock ownership plan (ESOP) |
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Dividend |
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Transferred to reserves |
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Balance at 31 December 2022 |
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