Industrial Development &Workers Bank of Egypt Separate Balance Sheet

Transcription

1 Industrial Development &Workers Bank of Egypt Separate Balance Sheet (as at December 31 st,2016) Assets 31/12/ /12/2015 Cash & Due from Central Bank of Egypt 51,268 29,117 Due from Banks 2,361,398 59,068 Treasury Bills 1,065,388 2,514,038 Loans & Advances to customers 4,589,223 3,473,038 Financial Investments Investments for Sale 20,882 21,944 Investments Held to Maturity 2,650 2,650 Investments in Subsidiaries & Associates 174, ,998 Intangible Assets Other Assets 351, ,095 Fixed Assets 31,328 32,224 Total Assets 8,649,210 6,536,586 Liabilities and Shareholders' Equity Liabilities:- Due to Banks 1,505,806 1,589,658 Customers' Deposits 4,090,573 2,188,060 Other Loans 812, ,485 Other Liabilities 246, ,455 Other Provisions 303, ,857 Supportive Deposits 411, ,907 Total Liabilities 7,369,671 5,846,422 Shareholders Equity: a- Paid-in Capital 500, ,000 b- Reserves 14,810 18,652 c- Change in the Value of Supportive Deposits 2,088,840 1,668,093 d- Retained (Loss) (1,324,111) (1,496,581) Total Shareholders Equity 1,279, ,164 Total Liabilities & Shareholders Equity 8,649,210 6,536,586

2 Industrial Development &Workers Bank of Egypt Separate Income Statement (for the financial year ended December 31 st,2016) 31/12/ /12/2015 Interest and Similar Income 786, ,342 Interest and Similar Expenses (444,285) (330,892) Net Interest Income 342, ,450 Fees & Commissions Income 61,619 60,007 Fees & Commissions Expenses (1,674) (992) Net Income from Fees and Commissions 59,945 59,015 Dividend Income 14,404 16,638 Net Trading Income 12,610 14,892 (Loss) from Financial Investments (821) (3,008) Impairment Charge of Credit loss (10,000) (85,964) Administrative Expenses (189,562) (166,457) (Charge) of Other Provisions (6,284) (92) Other Operating Income 6,267 27,646 Profit(Loss)before Income Tax 228, ,120 Income Tax (Expenses) (38,696) (45,477) Net Profit (Loss)for the Year 190,050 94,643 Earning per Share (LE //Share)

3 Industrial Development & Workers Bank of Egypt Statement of Change in Shareholders Equity ( for the financial year ended December 31 st,2016) Description Paid-In Capital Reserves Change in the Value of Supportive Deposits Retained Loss Year 2015 Balance as at 1/1/ ,000 19,020 1,756,223 (1,567,681) 707,562 Relative Stamp settlement on the defaulting customers (previous years ), according to the ministerial decree no 61 for the year 2015 (23,543) (23,543) Change in the Value of Supportive Deposits for this Year (88,130) (88,130) Fair value reserve- net change in fair value of investments for sale (368) (368) Net Profit for the Year ended December 31 st, ,643 94,643 Balance as at December 31 st, ,000 18,652 1,668,093 (1,496,581) 690,164 Year 2016 Balance as at 1/1 / ,000 18,652 1,668,093 (1,496,581) 690,164 Employees' remuneration settlement in accordance with the general assembly resolution (17,580) (17,580) Change in the Value of Supportive Deposits for this Year 420, ,747 Transfer of some reserves in the transferred losses in accordance with the general assembly resolution (4,140) (4,140) Fair value reserve- net change in fair value of investments for sale Net Profit for the Year ended December 31 st, , ,050 Balance as at December 31 st, ,000 14,810 2,088,840 (1,324,111) 1,279,539 Total

4 Industrial Development & Workers Bank of Egypt Separate Cash Flows Statement ( for the financial year ended December 31 st, 2016) From 1/1/2016 to 31/12/2016 From 1/1/2015 to 31/12/2015 Cash Flows from Operating Activities Net Profit(Loss) before taxes 228, ,120 Adjustments to Reconcile Net Profit to Cash Flows Provided from Operating Activities Depreciation and Amortization 3,261 3,428 Impairment charge of Credit Losses 10,000 85,964 Impairment charge of Financial Investments Impairment charge (release) of Repossessed Assets to the bank Other Provisions charge (release) 5, Revaluation Differences of Other Provisions in Foreign Currencies Loss (Gain) on Sale of Financial Investments ) 2,426( 2,867 (Gain) Loss on Sale of Fixed Assets (784) --- Operating Profits before Changes in Assets & Liabilities resulted from operating activities 244, ,495 Net Decrease (Increase) in Assets and Liabilities Due from Banks 61,726 (12,102) Treasury Bills and other Governmental Notes, more than three months maturity 1,448,651 (169,892) Loans and Advances to Customers (1,130,813) (473,439) Other Assets (110,213) (6,232) Due to Banks (83,852) (264,563) Customers' Deposits 1,902, ,194 Other Liabilities 36,785 (19,204) Utilized of Provisions (1,047) (394) Income Tax Paid (38,696) (45,478) Net Cash Flows result from ( used in) Operating Activities 2,329,767 (165615) Cash Flows from Investment Activities Investments for Sale (20,780) (14,317) Revenues of Investments Held to Maturity ( Ministry of Finance Bonds) ---- (491) Payments to Purchase Fixed Assets & Branches Preparation (75,834) (23,901) Revenues from Sale of Fixed Assets & Branches Preparation 1, Payments to Purchase Intangible Assets (533) (51) Revenues from Sale of Financial Investments other than Financial Assets for Trading Purpose 14,578 9,891 Net Cash Flows from (used in) Investment Activities (80,747) (28,819) Cash Flows from Financing Activities Increase (Decrease) in Reserves ) 3,843( Change in Other Loans 83,313 36,353 Net Cash Flows resulted from Financing Activities 79,470 36,353 Net Increase(Decrease) in Cash and Cash Items during the Year 2,328,490 (158,081) Net Cash and Cash Items at the Beginning of the Year 87, ,574 Net Cash and Cash Items at the end of the Year 2,415,983 87,493 Cash and Cash Items as follows: Cash& Due from Central Bank of Egypt 51,268 29,117

5 Due from Banks 2,361,398 59,069 Treasury Bills and other Governmental Notes 1,069,046 2,514,039 Balance with CBE according to Obligatory Reserve (342) (693) Treasury Bills with Maturity exceeding three Months (1,065,387) (2,514,039) Cash and Cash Items 2,415,983 87,493

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