|
|
|
|
|
|
|
|
Condensed Separate Interim Cash Flows for the period ended
June 30, 2024
|
|
|
|
|
|
|
|
|
|
|
Notes
|
Jun. 30,
2024
|
|
Jun. 30,
2023
|
|
|
|
|
|
|
|
|
|
Cash flow from operating activities
|
|
|
|
|
|
|
Profit before income tax
|
|
38,559,838
|
|
20,127,696
|
|
|
Adjustments to reconcile profits to net cash provided by
operating activities
|
|
|
|
|
|
|
Fixed assets depreciation
|
17
|
521,764
|
|
416,248
|
|
|
Impairment Release/charge for credit
losses (Loans and advances to customers and banks)
|
|
2,387,134
|
|
983,641
|
|
|
Other provisions
Release/charge
|
22
|
196,961
|
|
1,146,440
|
|
|
Impairment Release/charge for credit
losses (due from banks)
|
|
(35)
|
|
2,890
|
|
|
Impairment Release/charge for
credit losses (financial investments)
|
|
(327,324)
|
|
226,300
|
|
|
Impairment Release/charge for other
assets
|
|
(7,173)
|
|
-
|
|
|
Exchange revaluation differences for
financial assets at fair value through OCI and AC
|
|
(18,461,627)
|
|
(5,858,602)
|
|
|
Revaluation differences Impairment
charge for Financial Assets at Fair value through OCI
|
|
1,182,360
|
|
-
|
|
|
Revaluation differences Impairment
charge for Financial Assets at Amortized cost
|
|
100,975
|
|
-
|
|
|
Revaluation differences Impairment
charge for due from banks
|
|
105
|
|
-
|
|
|
Utilization of other
provisions
|
22
|
(8,970)
|
|
(1,031)
|
|
|
Other provisions no longer
used
|
22
|
(4,220)
|
|
-
|
|
|
Exchange revaluation differences of
other provisions
|
22
|
3,707,089
|
|
1,178,333
|
|
|
Profits/losses from selling property
and equipment
|
|
(2,184)
|
|
(130)
|
|
|
Profits/losses from selling
financial investments at fair value through OCI
|
14.1
|
(297,208)
|
|
(92,572)
|
|
|
Share based payments
|
|
533,219
|
|
402,192
|
|
|
Operating profits before changes in operating assets and
liabilities
|
|
28,080,704
|
|
18,531,405
|
|
|
|
|
|
|
|
|
|
Net
decrease / increase in assets and liabilities
|
|
|
|
|
|
|
Due from banks
|
|
36,256,280
|
|
32,434,410
|
|
|
Financial assets at fair value
through P&L
|
|
(172,728)
|
|
-
|
|
|
Derivative financial
instruments
|
|
164,384
|
|
(212,709)
|
|
|
Loans and advances to banks and
customers
|
12-13
|
(53,204,190)
|
|
(25,329,650)
|
|
|
Other assets
|
|
(18,799,962)
|
|
(4,448,765)
|
|
|
Due to banks
|
18
|
(8,429,958)
|
|
20,464,950
|
|
|
Due to customers
|
19
|
182,431,141
|
|
126,298,231
|
|
|
Current income tax obligations
paid
|
|
(926,384)
|
|
(817,428)
|
|
|
Other liabilities
|
|
(5,875,532)
|
|
2,117,243
|
|
|
Net
cash generated from (used in) operating
activities
|
|
159,523,755
|
|
169,037,687
|
|
|
|
|
|
|
|
|
|
Cash flow from investing activities
|
|
|
|
|
|
|
Proceeds from sale of investments in
associates
|
|
7,173
|
|
-
|
|
|
Payments for investment in
subsidiaries
|
|
(200,000)
|
|
(1,216,022)
|
|
|
Payment for purchases of property,
equipment and branches construction
|
|
(1,262,707)
|
|
(700,038)
|
|
|
Proceeds from selling property and
equipment
|
|
2,184
|
|
130
|
|
|
Proceeds from redemption of
financial assets at amortized cost
|
|
1,240,196
|
|
196,783
|
|
|
Payment for purchases of financial
assets at amortized cost
|
|
(69,609,595)
|
|
(9,045,180)
|
|
|
Payment for purchases of financial
assets at fair value through OCI
|
|
(58,448,832)
|
|
(51,454,096)
|
|
|
Proceeds from selling financial
assets at fair value through OCI
|
|
47,255,555
|
|
59,328,407
|
|
|
Net
cash generated from (used in) investing
activities
|
|
(81,016,026)
|
|
(2,890,016)
|
|
|
|
Condensed Separate Interim Cash Flows for the period ended
June 30, 2024 (Cont.)
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 30,
2024
|
|
Jun. 30,
2023
|
|
|
|
|
|
|
|
|
|
Cash flow from financing activities
|
|
|
|
|
|
|
Other loans
|
|
7,074,520
|
|
3,179,561
|
|
|
Dividends paid
|
|
(5,078,792)
|
|
(3,577,639)
|
|
|
Issued debt instruments
|
|
1,709,668
|
|
614,030
|
|
|
Capital increase
|
|
236,570
|
|
369,876
|
|
|
Net
cash generated from (used in) financing
activities
|
|
3,941,966
|
|
585,828
|
|
|
|
|
|
|
|
|
|
Net (decrease) increase in cash and
cash equivalent during the period
|
|
82,449,695
|
|
166,733,499
|
|
|
Beginning balance of cash and cash
equivalent
|
|
233,912,193
|
|
92,895,143
|
|
|
Cash and cash equivalent at the end of the
period
|
|
316,361,888
|
|
259,628,642
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalent comprise:
|
|
|
|
|
|
|
Cash and balances at the central
bank
|
9
|
43,371,479
|
|
33,404,357
|
|
|
Due from banks
|
|
305,020,997
|
|
281,505,636
|
|
|
Treasury bills and other
governmental notes
|
11
|
118,676,181
|
|
71,798,021
|
|
|
Obligatory reserve balance with
CBE
|
|
(25,285,404)
|
|
(25,558,292)
|
|
|
Due from banks with maturity more
than three months
|
|
(7,684,847)
|
|
(29,663,385)
|
|
|
Treasury bills and other
governmental notes with maturity more than three months
|
|
(117,736,518)
|
|
(71,857,695)
|
|
|
Total cash and cash equivalent
|
|
316,361,888
|
|
259,628,642
|
