QNB ALAHLI S.A.E QNB ALAHLI S.A.E
)Egyptian Joint Stock Company(
Separate 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 | |||
Separate 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) | 35,766,625,264 | 22,641,702,434 |
Due from banks | (17) | 47,071,770,376 | 16,162,820,220 |
Treasury bills | (18) | 36,535,545,020 | 39,358,600,416 |
Loans and credit facilities to customers | (19) | 203,032,886,609 | 174,640,546,661 |
Financial derivatives | (20) | 117,378,360 | 36,542,265 |
Financial Investments: | |||
- Fair value through other comprehensive income | (21) | 16,288,730,024 | 15,123,771,188 |
- Amortized cost | (21) | 90,581,030,538 | 75,291,377,974 |
- Fair value through profit or loss | (21) | 64,780,016 | 92,549,632 |
Investments in subsidiaries | (22) | 540,261,839 | 540,261,839 |
Intangible assets | (23) | 285,199,911 | 275,574,773 |
Other assets | (24) | 7,839,695,983 | 7,245,969,779 |
Deferred tax assets | (31) | 62,267,884 | 17,536,340 |
Property and equipment | (25) | 2,686,679,689 | 2,767,837,797 |
Total assets | 440,872,851,513 | 354,195,091,318 | |
Liabilities and equity: | |||
Liabilities: | |||
Due to banks | (26) | 3,842,401,249 | 3,458,687,747 |
Customer deposits | (27) | 376,932,112,751 | 296,239,871,183 |
Financial derivatives | (20) | 19,699,342 | 47,683,515 |
Other loans | (28) | 3,040,861,163 | 2,436,745,862 |
Other liabilities | (29) | 5,133,260,434 | 4,206,302,232 |
Other provisions | (30) | 576,346,077 | 507,669,021 |
Current income tax payable | 1,957,072,717 | 1,702,880,760 | |
Defined benefits obligation | (32) | 571,162,000 | 543,536,132 |
Total liabilities | 392,072,915,733 | 309,143,376,452 | |
Equity: | |||
Issued and paid-up capital | (33) | 10,774,114,830 | 10,774,114,830 |
Reserves | (34) | 26,472,912,312 | 22,548,130,220 |
Profit for the period / year and retained earnings | (34) | 11,552,908,638 | 11,729,469,816 |
Total equity | 48,799,935,780 | 45,051,714,866 | |
Total liabilities and equity | 440,872,851,513 | 354,195,091,318 | |
Mohamed Bedeir | Ali Rashid Al-Mohannadi |
Chief Executive Officer | Chairman of the Board of Directors |
The accompanying notes from (1) to (39) are an integral part of these Separate Financial Statements. (Limited review report attached).
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QNB ALAHLI S.A.E
Separate 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) | 11,417,945,392 | 30,458,372,425 | 8,056,715,310 | 22,998,721,462 |
Cost of deposits and similar expense | (6) | )6,323,837,815( | )16,658,033,742( | )4,301,600,752( | )12,083,168,305( |
Net interest income | 5,094,107,577 | 13,800,338,683 | 3,755,114,558 | 10,915,553,157 | |
Fee and commission income | (7) | 973,869,461 | 2,734,263,992 | 772,190,394 | 2,207,623,491 |
Fee and commission expense | (7) | )354,485,082( | )945,022,396( | )268,364,010( | )691,042,662( |
Net interest, fee and commission income | 5,713,491,956 | 15,589,580,279 | 4,258,940,942 | 12,432,133,986 |
Dividend income | (8) | 3,904,205 | 39,812,142 | 9,706,770 | 46,377,599 |
Net trading income | (9) | 26,440,872 | 162,443,474 | 25,891,103 | 70,813,577 |
Gain on financial investments | (21) | 34,406,406 | 60,856,570 | 1,869,153 | 5,913,226 |
Impairment credit losses | (12) | )860,007,654( | )2,497,179,182( | )313,338,933( | )1,272,855,014( |
Administrative expenses | (10) | )1,197,465,285( | )3,454,634,317( | )1,069,825,148( | )2,971,629,693( |
Other operating revenues (expenses) | (11) | 88,348,150 | 444,304,180 | )175,239,361( | )106,251,224( |
Profit before income tax | 3,809,118,650 | 10,345,183,146 | 2,738,004,526 | 8,204,502,457 | |
Income tax expense | (13) | )1,267,125,414( | )3,390,258,949( | )876,840,488( | )2,510,313,016( |
Net profit for the period | 2,541,993,236 | 6,954,924,197 | 1,861,164,038 | 5,694,189,441 | |
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 (39) are an integral part of these Separate Financial Statements.
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QNB ALAHLI S.A.E
Separate 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
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:
Net change in fair value of debt instruments measured at fair value through other comprehensive income
2,541,993,236 | 6,954,924,197 | 1,861,164,038 | 5,694,189,441 |
)2,536,282( | 2,143,661 | )43,394,819( | 57,335,688 |
)1,984,983( | )10,232,085( | )93,645( | 81,352 |
- | - | )319,163( | )319,163( |
)476,543,055( | )784,028,060( | )33,258,971( | )71,930,073( |
Tax impact related to other comprehensive income that will be reclassified to the profit or loss | 11,997,628 | 37,390,476 | 1,844,159 | 7,993,480 |
Expected credit loss for fair value of debt instruments measured at fair value through other | 118,404 | 172,049 | 16,085 | 2,662 |
comprehensive income | ||||
Total other comprehensive income items for the period, net of tax | (468,948,288) | (754,553,959) | )75,206,354( | )6,836,054( |
Total comprehensive income for the period, net of tax | 2,073,044,948 | 6,200,370,238 | 1,785,957,684 | 5,687,353,387 |
The accompanying notes from (1) to (39) are an integral part of these Separate 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 15:01:01 UTC.
