QNB ALAHLI S.A.E )Egyptian Joint Stock Company(
Consolidated Financial Statements Together With Limited Review Report For The Period Ended March 31, 2022
KPMG Hazem Hassan Public Accountants & ConsultantsBDO Khaled & Co. Public Accountants & Advisers
QNB ALAHLI S.A.E
Consolidated Statement of Financial Position
As at 31 March 2022 | (All amounts are shown in Egyptian Pounds) | ||
Note | March 31, 2022 | December 31, 2021 | |
Assets: | |||
Cash and due from Central Bank of Egypt (CBE) | (16) | 25,059,296,673 | 22,641,706,445 |
Due from banks | (17) | 34,400,275,336 | 17,311,427,927 |
Treasury bills | (18) | 27,797,683,115 | 40,037,854,401 |
Trading investments | (19) | 384,597,891 | 409,760,928 |
Loans and credit facilities to customers | (20) | 186,843,728,285 | 172,828,554,467 |
Financial derivatives | (21) | 122,592,648 | 36,542,265 |
Financial Investments: | |||
- Fair value through other comprehensive income | (22) | 14,638,692,275 | 15,123,771,188 |
- Amortized cost | (22) | 86,054,175,817 | 77,380,468,113 |
- Fair value through profit or loss | (22) | 88,527,036 | 92,563,379 |
Intangible assets | (23) | 279,229,953 | 282,189,711 |
Other assets | (24) | 7,731,006,036 | 7,217,604,583 |
Deferred tax assets | (32) | 105,007,217 | 70,602,319 |
Finance lease | 3,603,169,707 | 3,298,372,384 | |
Property and equipment | (25) | 2,787,074,305 | 2,837,249,783 |
Total assets | 389,895,056,294 | 359,568,667,893 | |
Liabilities and equity: | |||
Liabilities: | |||
Due to banks | (26) | 3,562,066,284 | 3,458,687,747 |
Customer deposits | (27) | 323,266,174,900 | 295,491,962,118 |
Financial derivatives | (21) | - | 47,683,515 |
Other loans | (28) | 2,938,652,590 | 2,882,244,636 |
Other liabilities | (29) | 6,752,943,149 | 4,434,170,818 |
Other provisions | (30) | 622,938,998 | 526,745,974 |
Insurance policyholders' rights | (31) | 4,263,923,335 | 4,034,207,132 |
Current income tax payable | 1,959,671,861 | 1,773,988,334 | |
Defined benefits obligation | (33) | 558,086,195 | 543,536,132 |
Total liabilities | 343,924,457,312 | 313,193,226,406 | |
Equity: | |||
Issued and paid-up capital | (34) | 10,774,114,830 | 10,774,114,830 |
Reserves | (35) | 27,739,595,264 | 22,578,768,494 |
Profit for the period / year and retained earnings | (35) | 7,456,847,707 | 13,022,516,998 |
Total equity attributable to equity holders of the bank | 45,970,557,801 | 46,375,400,322 | |
Non-controlling interests | 41,181 | 41,165 | |
Total equity | 45,970,598,982 | 46,375,441,487 | |
Total liabilities and equity | 389,895,056,294 | 359,568,667,893 |
Mohamed Bedeir Chief Executive Officer
The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements. (Limited review report attached).
Ali Rashid Al-Mohannadi Chairman of the Board of Directors
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QNB ALAHLI S.A.E Consolidated Income Statement
For Three Months Period Ended 31 March 2022
(All amounts are shown in Egyptian Pounds)
From January 01, 2022
NoteFrom January 01, 2021
To March 31, 2022
To March 31, 2021
Earnings per share
(14)
Interest on loans and similar income (6) Cost of deposits and similar expense (6) | 9,252,012,247 (4,990,034,192) | 7,359,197,766 (3,788,192,577) |
Net interest income Fee and commission income (7) Fee and commission expense (7) | 4,261,978,055 826,668,142 (261,222,952) | 3,571,005,189 698,134,547 (205,266,946) |
Net interest, fee and commission income Dividend income (8) Net trading income (9) Gain on financial investments (22) Impairment credit losses (12) Administrative expenses (10) Other operating revenues (expenses) (11) Share of results of associates | 4,827,423,245 11,325,209 79,280,867 4,839,238 (1,023,162,604) (1,136,530,522) 480,869,054 - | 4,063,872,790 21,405,674 25,020,520 1,625,581 (497,861,605) (944,460,245) 102,639,935 (196,988) |
Profit before income tax Income tax expense (13) | 3,244,044,487 (1,035,729,492) | 2,772,045,662 (805,470,273) |
Net profit for the period | 2,208,314,995 | 1,966,575,389 |
Attributable to: Equity holders of the Bank Non-controlling interests | 2,208,314,979 16 | 1,966,575,381 8 |
Net profit for the period | 2,208,314,995 | 1,966,575,389 |
0.87
0.76
Mohamed Bedeir Chief Executive Officer
The accompanying notes from (1) to (40) are an integral part of these Consolidated Financial Statements.
Ali Rashid Al-Mohannadi Chairman of the Board of Directors
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QNB ALAHLI S.A.E
Consolidated Statement of Comprehensive Income For Three Months Period Ended 31 March 2022
(All amounts are shown in Egyptian Pounds)From January 01, 2022
To March 31, 2022
From January 01, 2021
To March 31, 2021
Net profit for the periodOther 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
2,208,314,995
1,966,575,389
2,331,018
66,349,865
Tax impact related to other comprehensive income that will not be reclassified to the profit or loss
Other comprehensive income items that is or may be reclassified to the profit or loss:Net change in fair value of debt instruments measured at fair value through other comprehensive income
)6,820,565(
88,186
)160,075,242(
)48,752,509(
Tax impact related to other comprehensive income that will be reclassified to the profit or loss
15,822,180
7,964,236
Expected credit loss for fair value of debt instruments measured at fair value through other comprehensive income
Total other comprehensive income items for the period net of tax
Total comprehensive income for the period, net of tax
2,059,626,994
(148,688,001)
54,608
5,998 25,655,776 1,992,231,165
Attributable to:Equity holders of the Bank
2,059,626,978
1,992,231,157
Non-controlling interests
16
8
Total comprehensive income for the period, net of tax
2,059,626,994
1,992,231,165
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 11 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 14:10:08 UTC.