QNB ALAHLI S.A.E
)Egyptian Joint Stock Company(
Consolidated Financial Statements
Together With Limited Review Report
For The Period Ended September 30, 2022
KPMG Hazem Hassan | BDO Khaled & Co. |
Public Accountants & Consultants | Public Accountants & Advisers |
QNB ALAHLI S.A.E
Consolidated Statement of Financial Position
As at 30 September 2022 | (All amounts are shown in Egyptian Pounds) | ||||
Note | September 30, 2022 | December 31, 2021 | |||
Assets: | |||||
Cash and due from Central Bank of Egypt (CBE) | (16) | 35,766,647,249 | 22,641,706,445 | ||
Due from banks | (17) | 47,806,206,891 | 17,311,427,927 | ||
Treasury bills | (18) | 37,517,695,609 | 40,037,854,401 | ||
Trading investments | (19) | 99,836,235 | 409,760,928 | ||
Loans and credit facilities to customers | (20) | 200,663,923,974 | 172,828,554,467 | ||
Financial derivatives | (21) | 117,378,360 | 36,542,265 | ||
Financial Investments: | |||||
- Fair value through other comprehensive income | (22) | 16,288,730,024 | 15,123,771,188 | ||
- Amortized cost | (22) | 93,628,778,214 | 77,380,468,113 | ||
- Fair value through profit or loss | (22) | 74,221,794 | 92,563,379 | ||
Intangible assets | (23) | 291,079,640 | 282,189,711 | ||
Other assets | (24) | 8,029,126,286 | 7,217,604,583 | ||
Deferred tax assets | (32) | 102,064,865 | 70,602,319 | ||
Finance lease | 3,685,187,914 | 3,298,372,384 | |||
Property and equipment | (25) | 2,751,736,019 | 2,837,249,783 | ||
Total assets | 446,822,613,074 | 359,568,667,893 | |||
Liabilities and equity: | |||||
Liabilities: | |||||
Due to banks | (26) | 3,842,401,249 | 3,458,687,747 | ||
Customer deposits | (27) | 375,940,202,776 | 295,491,962,118 | ||
Financial derivatives | (21) | 19,699,342 | 47,683,515 | ||
Other loans | (28) | 3,191,154,789 | 2,882,244,636 | ||
Other liabilities | (29) | 5,446,892,230 | 4,434,170,818 | ||
Other provisions | (30) | 590,548,898 | 526,745,974 | ||
Insurance policyholders' rights | (31) | 4,739,485,225 | 4,034,207,132 | ||
Current income tax payable | 1,993,065,260 | 1,773,988,334 | |||
Defined benefits obligation | (33) | 571,162,000 | 543,536,132 | ||
Total liabilities | 396,334,611,769 | 313,193,226,406 | |||
Equity: | |||||
Issued and paid-up capital | (34) | 10,774,114,830 | 10,774,114,830 | ||
Reserves | (35) | 26,503,550,586 | 22,578,768,494 | ||
Profit for the period / year and retained earnings | (35) | 13,210,294,648 | 13,022,516,998 | ||
Total equity attributable to equity holders of the bank | 50,487,960,064 | 46,375,400,322 | |||
Non-controlling interests | 41,241 | 41,165 | |||
Total equity | 50,488,001,305 | 46,375,441,487 | |||
Total liabilities and equity | 446,822,613,074 | 359,568,667,893 | |||
Mohamed Bedeir | Ali Rashid Al-Mohannadi |
Chief Executive Officer | Chairman of the Board of Directors |
The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements. (Limited review report attached).
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QNB ALAHLI S.A.E
Consolidated Income Statement
For Nine Months Period Ended 30 September 2022
(All amounts are shown in Egyptian Pounds)
Note | From July 01, 2022 | From January 01, 2022 | From July 01, 2021 | From January 01, 2021 | ||
To September 30, 2022 | To September 30, 2022 | To September 30, 2021 | To September 30, 2021 | |||
Interest on loans and similar income | (6) | 11,515,895,538 | 30,752,293,267 | 8,156,454,851 | 23,297,544,238 | |
Cost of deposits and similar expense | (6) | (6,317,323,788) | (16,643,111,110) | (4,293,827,994) | (12,064,625,768) | |
Net interest income | 5,198,571,750 | 14,109,182,157 | 3,862,626,857 | 11,232,918,470 | ||
Fee and commission income | (7) | 959,713,699 | 2,692,654,072 | 760,400,970 | 2,169,799,017 | |
Fee and commission expense | (7) | (354,751,311) | (945,406,645) | (268,366,085) | (691,144,246) | |
Net interest, fee and commission income | 5,803,534,138 | 15,856,429,584 | 4,354,661,742 | 12,711,573,241 | ||
Dividend income | (8) | 3,904,205 | 39,812,142 | 9,706,770 | 46,377,599 | |
Net trading income | (9) | 27,498,900 | 180,082,509 | 29,682,286 | 77,674,787 | |
Gain on financial investments | (22) | 34,630,639 | 61,293,789 | 1,869,469 | 5,332,018 | |
Impairment credit losses | (12) | (875,415,209) | (2,534,178,774) | (321,283,173) | (1,313,371,671) | |
Administrative expenses | (10) | (1,224,927,248) | (3,539,272,352) | (1,095,490,169) | (3,044,388,802) | |
Other operating revenues (expenses) | (11) | 110,286,671 | 751,085,513 | (165,149,716) | 112,727,405 | |
Share of results of associates | - | - | - | (141,309) | ||
Profit before income tax | 3,879,512,096 | 10,815,252,411 | 2,813,997,209 | 8,595,783,268 | ||
Income tax expense | (13) | (1,302,215,253) | (3,483,669,135) | (905,541,438) | (2,589,257,967) | |
Net profit for the period | 2,577,296,843 | 7,331,583,276 | 1,908,455,771 | 6,006,525,301 | ||
Attributable to: | ||||||
Equity holders of the Bank | 2,577,296,811 | 7,331,583,200 | 1,908,455,770 | 6,006,525,293 | ||
Non-controlling interests | 32 | 76 | 1 | 8 | ||
Net profit for the period | 2,577,296,843 | 7,331,583,276 | 1,908,455,771 | 6,006,525,301 | ||
Earnings per share | (14) | 2.88 | 2.39 |
Mohamed Bedeir | Ali Rashid Al-Mohannadi |
Chief Executive Officer | Chairman of the Board of Directors |
The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements.
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QNB ALAHLI S.A.E | |||||
Consolidated Statement of Comprehensive Income | |||||
For Nine Months Period Ended 30 September 2022 | (All amounts are shown in Egyptian Pounds) | ||||
From July 01, 2022 | From January 01, 2022 | From July 01, 2021 | From January 01, 2021 | ||
To September 30, 2022 | To September 30, 2022 | To September 30, 2021 | To September 30, 2021 | ||
Net profit for the period | 2,577,296,843 | 7,331,583,276 | 1,908,455,771 | 6,006,525,301 |
Other comprehensive income items that will not be reclassified to the Profit or Loss:
Net change in fair value of investments in equity instruments measured at fair value through other comprehensive income
Tax impact related to other comprehensive income that will not be reclassified to the profit or loss
Amount transferred to retained earning, net of tax
Other comprehensive income items that is or may be reclassified to the profit or loss:
)2,536,282( | 2,143,661 | )43,394,818( | 57,335,690 |
)1,984,983( | )10,232,085( | )93,645( | 81,351 |
- | - | )319,163( | )319,163( |
Net change in fair value of debt instruments measured at fair value through other comprehensive income
Tax impact related to other comprehensive income that will be reclassified to the profit or loss
Expected credit loss for fair value of debt instruments measured at fair value through other comprehensive income
)476,543,055( | )784,028,060( | )33,258,971( | )71,930,073( |
11,997,628 | 37,390,476 | 1,844,159 | 7,993,480 |
118,404 | 172,049 | 16,085 | 2,662 |
Total other comprehensive income items for the period net of tax | (468,948,288) | (754,553,959) | )75,206,353( | )6,836,053( |
Total comprehensive income for the period, net of tax | 2,108,348,555 | 6,577,029,317 | 1,833,249,418 | 5,999,689,248 |
Attributable to: | ||||
Equity holders of the Bank | 2,108,348,523 | 6,577,029,241 | 1 833 249 417 | 5,999,689,240 |
Non-controlling interests | 32 | 76 | 1 | 8 |
Total comprehensive income | 2,108,348,555 | 6,577,029,317 | 1,833,249,418 | 5,999,689,248 |
for the period, net of tax | ||||
The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements.
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QNB - Qatar National Bank Alahly SAE published this content on 10 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2022 14:51:05 UTC.