Industrial Development &Workers Bank of Egypt Separate Balance Sheet

Transcription

1 Financial Statements Industrial Development &Workers Bank of Egypt Separate Balance Sheet (as at December 31 st,2011) Assets 31/12/ /12/2010 Cash & Due from Central Bank of Egypt 89,684 34,363 Due from Banks 73,645 75,615 Treasury Bills 204, Trading Financial Assets Loans & Advances to customers 2,462,698 2,465,497 Financial Investments Investments for Sale 33,294 39,088 Investments Held to Maturity 325, ,674 Investments in Subsidiaries & Associates 183, ,015 Intangible Assets 597 1,001 Other Assets 195, ,454 Fixed Assets 30,649 34,135 Total Assets 3,598,864 3,349,730 Liabilities and Shareholders' Equity Liabilities: Due to Banks 1,239, ,281 Customers' Deposits 1,252,496 1,433,138 Other Loans 19,172 20,980 Other Liabilities 155, ,651 Other Provisions 215, ,621 Subordinated Interest Free Deposits 350, ,589 Total Liabilities 3,233,125 2,929,260 Shareholders Equity: a- Paid-in Capital 500, ,000 b- Reserves 8,617 8,160 c- Change in the Value of Supportive Deposits 1,149, ,411 d- Retained (Loss) (1,292,436) (819,101) Total Shareholders Equity 365, ,470 Total Liabilities & Shareholders Equity 3,598,864 3,349,730 1

2 Industrial Development &Workers Bank of Egypt Separate Income Statement (as at December 31 st,2011) 31/12/ /12/2010 Interest and Similar Income 192, ,830 Interest and Similar Expenses (154,156) (141,893) Net Interest Income 38,405 30,937 Add: Fees & Commissions Income 36,388 33,068 Fees & Commissions Expenses (568) (708) Net Income from Fees and Commissions 35,820 32,378 (Less): Dividend Income 1,909 1,696 Net Trading Income 6,618 1,696 Profit (Loss) from Financial Investments (16,590) (39,975) Impairment (charge)release for credit loss (350,000) (400,000) Administrative Expenses (115,725) (90,651) (Charge) of Other Provisions (55,116) (105,452) Other Operating (Expenses) Income (10,029) 7978 Profit(Loss)before Income Tax (464,708) (561,393) Income Tax (Expenses) (8,627) (7,709) Net Profit (Loss)for the Year (473,335) (569,102) Earning per Share (EGP/Share) (7.57) (9.11) 2

3 Industrial Development & Workers Bank of Egypt Separate Statement of Change in Shareholders Equity ( as at December 31 st,2011) Description Paid-In Capital Reserves Change in the Value of Supportive Deposits Retained Loss Year 2010 Balance at the Beginning of the Year 500,000 1, ,377 (249,999) 858,134 Change in the Value of Supportive Deposits for this Year , ,034 Transferred to fair value reserve-revaluation differences of , investments for sale 3,162 Transferred to banking risk reserve Transferred to capital Reserve --- 2, ,860 Net Profit (Loss) for the Year ended December 31 st, 2010 (569,102) (569,102) Balance at the End of the Year 500,000 8, ,411 (819,101) 420,470 Year 2011 Balance at the Beginning of the Year 500,000 8, ,411 (819,101) 420,470 Change in the Value of Supportive Deposits for this Year , ,147 Transferred to fair value reserve-revaluation differences of investments for sale Net Profit( Loss) for the Year ended December 31 st, (473,335) (473,335) Balance at the End of the Year 500,000 8,617 1,149,558 (1,292,436) 365,739 Total 3

4 Industrial Development & Workers Bank of Egypt Separate Cash Flows Statement (for the period ended December 31 st, 2011 From 1/1/2011 to 31/12/2011 (LE.in 000 s) From 1/1/2010 to 31/12/2010 Cash Flows from Operating Activities Net Profit(Loss) before taxes (464,708) (561,393) Adjustments to Reconcile Net Profit to Cash Flows Provided by Operating Activities Depreciation and Amortization 6,237 7,392 Asset Impairment charge 350, ,000 Financial Investments Impairment charge 15,575 42,564 Repossessed Assets to the bank Impairment charge (release) 12,075 1,198 Revaluation Differences of Bonds in Foreign Currencies (986) 1,598 Other Provisions charge (release) 55, ,452 Revaluation Differences of Other Provisions in Foreign Currencies Loss (Gain) on Sale of Financial Investments --- (2,589) Revaluation Differences of Financial Assets Held for Trading Purpose 150 (63) (Gain) Loss on Sale of Fixed Assets (59) --- Operating Profits before Changes in Assets & Liabilities used in operating activities (26,570) (5,821) Net Decrease (Increase) in Assets and Liabilities Deposits with Banks 12,147 (56,110) Treasury Bills and other Governmental Notes their Maturity more than three months (204,591) Loans and Advances to Customers (374,381) (195,007) Other Assets 12,623 7,458 Due to Banks 329, ,154 Customers' Deposits (180,642) 159,926 Other Liabilities 19,318 10,594 Utilization of Provisions --- (8,942) Income Tax Paid (8,627) (7,709) Subordinated Interest Free Deposit 500, Net Cash Flows from ( used in) Operating Activities 79,274 31,543 Cash Flows from Investment Activities Investments for Sale 1,482 (156) Payments to Purchase Investments in Subsidiaries - (74,999) Payments to Purchase Fixed Assets & Branches Preparation (21,803) (3,012) Revenues from Sale of Fixed Assets & Branches Preparation 59 2,860 Payments to Purchase Intangible Assets ---- (1,211) Revenues from Sale of Financial Investments other than Financial Assets Held for Trading Purpose 7, Net Cash Flows from (used in) Investment Activities (12,831) (76,518) Cash Flows from Financing Activities Increase (Decrease) in Reserves of the Fair Value Increase in(paid from) Other Loans (1,808) 2,479 Net Cash Flows From ( used in) Financing Activities (945) 2,479 4

5 Net Increase(Decrease) in Cash and Cash Items during the Year 65,498 (42,496) Net Cash and Cash Items at the Beginning of the Year 41,182 83,678 Net Cash and Cash Items at the end of the Year 106,680 41,182 Cash and Cash Items as follows: Cash& Due from Central Bank of Egypt 89,684 34,363 Due from Banks 73,645 6,819 Treasury Bills and other Governmental Notes 204, Obligatory Reserve Balance with CBE (56,649) ---- Treasury Bills with Maturity exceeding three Months (204,591) Cash and Cash Items 106,680 41,182 5