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,2017) Assets 31/12/ /12/2016 Cash & Due from Central Bank of Egypt 179,266 51,268 Due from Banks 10,080,349 2,361,398 Treasury Bills 2,547,807 1,065,388 Loans & Advances to customers 6,410,422 4,589,223 Financial Investments Investments for Sale 2,604 20,882 Investments Held to Maturity 74,153 2,650 Investments in Subsidiaries & Associates 174, ,998 Intangible Assets Other Assets 491, ,392 Fixed Assets 31,666 31,328 Total Assets 19,993,268 8,649,210 Liabilities and Shareholders' Equity Liabilities:- Due to Banks 2,424,164 1,505,806 Customers' Deposits 14,134,115 4,090,573 Other Loans 1,032, ,797 Other Liabilities 427, ,240 Other Provisions 58, ,095 Supportive Deposits 469, ,160 Total Liabilities 18,545,964 7,369,671 7,369,671 Shareholders Equity: a- Paid-in Capital 500, ,000 b- Reserves 59,079 14,810 c- Change in the Value of Supportive Deposits 2,030,475 2,088,840 d- Retained (Loss) (1,142,250) (1,324,111) Total Shareholders Equity 1,447,304 1,279,539 Total Liabilities & Shareholders Equity 19,993,268 8,649,210

2 Industrial Development &Workers Bank of Egypt Separate Income Statement (for the financial year ended December 31 st,2017) 31/12/ /12/2016 Interest and Similar Income 1,768, ,472 Interest and Similar Expenses (1,215,551) (444,285) Net Interest Income 552, ,187 Fees & Commissions Income 66,872 61,619 Fees & Commissions Expenses (7,175) (1,674) Net Income from Fees and Commissions 59,697 59,945 Dividend Income 14,628 14,404 Net Trading Income 5,879 12,610 (Loss) from Financial Investments (1,635) (821) Impairment Charge of Credit loss (121,715) (10,000) Administrative Expenses (328,632) (189,562) (Charge) of Other Provisions 110,274 (6,284) Other Operating Income 4,222 6,267 Profit(Loss)before Income Tax 295, ,746 Income Tax (Expenses) (51,083) (38,696) Net Profit (Loss)for the Year 244, ,050 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,2017) Description Paid-In Capital Reserves Change in the Value of Supportive Deposits Retained Losses 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 , ,747 Transfer of some reserves in the transferred losses in accordance with (4,140) the general assembly resolution (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 Year 2017 Balance as at 1/1 / ,000 14,810 2,088,840 (1,324,111) 1,279,539 Employees' remuneration settlement in accordance with the general assembly resolution (18,007) (18,007) Change in the Value of Supportive Deposits for this Year (58,365) (58,365) Transfer of Capital reserves in the transferred losses --- (13,496) , Fair value reserve- net change in fair value of investments for sale (327) (327) Net Profit for the Year ended December 31 st, ,, ,464 Transfer to IFRS9 Standard Risk , (58,092) Balance as at December 31 st, ,000 59,079 2,030,475 (1,142,250) 1,447,304 Total

4 Industrial Development & Workers Bank of Egypt Separate Cash Flows Statement ( for the financial year ended December 31 st, 2017) 31/12/ /12/2016 Cash Flows from Operating Activities Net Profit(Loss) before taxes 295, ,746 Adjustments to Reconcile Net Profit to Cash Flows Provided from Operating Activities Depreciation and Amortization 3,454 3,261 Impairment charge of Credit Losses 121,715 10,000 Impairment charge of Financial Investments 1, Impairment charge (release) of Repossessed Assets to the bank 16, Other Provisions charge (release) (112,751) 5,742 Revaluation Differences of Other Provisions in Foreign Currencies Loss (Gain) on Sale of Financial Investments 79 (2,426) (Gain) Loss on Sale of Fixed Assets (439) (784) Operating Profits before Changes in Assets & Liabilities resulted from operating activities 325, Net Decrease (Increase) in Assets and Liabilities Due from Banks (115,236) 61,726 Treasury Bills and other Governmental Notes, more than three months maturity (1,478,761) 1,448,651 Loans and Advances to Customers (1,676,824) (1,130,813) Other Assets (77,517) (110,213) Due to Banks 918,359 (83,852) Customers' Deposits 10,043,542 1,902,513 Other Liabilities 172,406 36,785 Utilized of Provisions (120,000) (1,047) Income Tax Paid (51,083) (38,696) Net Cash Flows result from ( used in) Operating Activities 7,940,226 2,329,767 Cash Flows from Investment Activities Investments for Sale (20,141) (20,780) Payments to Purchase Fixed Assets & Branches Preparation (85,461) (75,834) Revenues from Sale of Fixed Assets & Branches Preparation 785 1,822 Payments to Purchase Intangible Assets (134) (533) Revenues from Sale of Financial Investments other than Financial Assets for Trading Purpose 19,372 14,578 Net Cash Flows from (used in) Investment Activities (85,579) (80,747) Cash Flows from Financing Activities Increase (Decrease) in Reserves 328 (3,843) Change in Other Loans 219,882 83,313 Held to Maturity Investments (71,504) Net Cash Flows resulted from Financing Activities 148,706 79,470 Net Increase(Decrease) in Cash and Cash Items during the Year 8,003,353 2,328,490 Cash and Cash Items at the Beginning of the Year 2,415,983 87,493 Cash and Cash Items at the end of the Year 10,419,336 2,415,983 Cash and Cash Items as follows:- Cash& Due from Central Bank of Egypt 179,266 51,268

5 Due from Banks 10,080,349 2,361,398 Treasury Bills and other Governmental Notes 2,544,149 1,069,046 Balance with CBE according to Obligatory Reserve (115,513) (342) Treasury Bills with Maturity exceeding three Months (2,268,915) (1,065,387) Cash and Cash Items 10,419,336 2,415,983

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