QNB ALAHLI S.A.E QNB ALAHLI S.A.E
)Egyptian Joint Stock Company(
Separate Financial Statements
Together With Auditors' Report
For The Year Ended December 31, 2021
KPMG Hazem Hassan | BDO Khaled & Co. |
Public Accountants & Consultants | Public Accountants & Advisers |
QNB ALAHLI S.A.E | |||
Separate Statement of Financial Position | |||
As at 31 December 2021 | (All amounts are shown in Egyptian Pounds) | ||
Note | December 31, 2021 | December 31, 2020 | |
Assets: | |||
Cash and due from Central Bank of Egypt (CBE) | (16) | 22,641,702,434 | 17,166,854,367 |
Due from banks | (17) | 16,162,820,220 | 5,223,798,459 |
Treasury bills | (18) | 39,358,600,416 | 41,990,573,212 |
Loans and credit facilities to customers | (19) | 174,640,546,661 | 164,962,066,483 |
Financial derivatives | (20) | 36,542,265 | 106,092,208 |
Financial Investments: | |||
- Fair value through other comprehensive income | (21) | 15,123,771,188 | 2,474,382,352 |
- Amortized cost | (21) | 75,291,377,974 | 46,068,820,147 |
- Fair value through profit or loss | (21) | 92,549,632 | 71,688,942 |
Investments in subsidiaries and associates | (22) | 540,261,839 | 542,109,089 |
Intangible assets | (23) | 275,574,773 | 188,123,187 |
Other assets | (24) | 7,245,969,779 | 4,117,223,362 |
Deferred tax assets | (31) | 17,536,340 | 43,274,395 |
Property and equipment | (25) | 2,767,837,797 | 2,520,938,962 |
Total assets | 354,195,091,318 | 285,475,945,165 | |
Liabilities and equity: | |||
Liabilities: | |||
Due to banks | (26) | 3,458,687,747 | 4,138,835,958 |
Customer deposits | (27) | 296,239,871,183 | 233,892,109,030 |
Financial derivatives | (20) | 47,683,515 | 54,698,875 |
Other loans | (28) | 2,436,745,862 | 3,251,740,567 |
Other liabilities | (29) | 4,206,302,232 | 3,297,177,299 |
Other provisions | (30) | 507,669,021 | 586,820,076 |
Current income tax payable | 1,702,880,760 | 1,288,010,783 | |
Defined benefits obligation | (32) | 543,536,132 | 513,228,220 |
Total liabilities | 309,143,376,452 | 247,022,620,808 | |
Equity: | |||
Issued and paid-up capital | (33) | 10,774,114,830 | 10,774,114,830 |
Reserves | (34) | 22,548,130,220 | 17,614,978,484 |
Profit for the year and retained earnings | (34) | 11,729,469,816 | 10,064,231,043 |
Total equity | 45,051,714,866 | 38,453,324,357 | |
Total liabilities and equity | 354,195,091,318 | 285,475,945,165 | |
Mohamed Bedeir | Mohamed Osman El-Dib |
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. (Auditors' report attached)
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QNB ALAHLI S.A.E
Separate Income Statement
For The Year Ended 31 December 2021
(All amounts are shown in Egyptian Pounds) | |
From January 01, 2021 | From January 01, 2020 |
Note | |
To December 31, 2021 | To December 31, 2020 |
Interest on loans and similar income | (6) | 31,736,719,240 | 30,466,796,512 |
Cost of deposits and similar expense | (6) | )16,814,289,851( | )16,113,253,167( |
Net interest income | 14,922,429,389 | 14,353,543,345 | |
Fee and commission income | (7) | 3,058,021,640 | 2,337,288,072 |
Fee and commission expense | (7) | )976,126,129( | )489,650,227( |
Net interest, fee and commission income | 17,004,324,900 | 16,201,181,190 | |
Dividend income | (8) | 246,341,199 | 35,584,250 |
Net trading income | (9) | 104,624,137 | 98,761,017 |
Gain on financial investments | (21) | 8,921,312 | 6,483,172 |
Impairment credit losses | (12) | )2,218,276,368( | )2,104,233,392( |
Administrative expenses | (10) | )4,072,001,185( | )3,618,588,799( |
Other operating revenues (expenses) | (11) | )221,666,650( | )215,992,811( |
Profit before income tax | 10,852,267,345 | 10,403,194,627 | |
Income tax expense | (13) | )3,400,229,701( | )3,004,683,987( |
Net profit for the Year | 7,452,037,644 | 7,398,510,640 | |
Earnings per share | (14) | 3.10 | 3.08 |
Mohamed Bedeir | Mohamed Osman El-Dib |
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 - Qatar National Bank Alahly SAE published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 14:57:05 UTC.
