EFG : Consolidated Financial Statements- 2Q2023

EFG - Hermes Holding Company"previously" (Egyptian Joint Stock Company)

Translation of consolidated financial statements originally issued in Arabic

Consolidated income statement

2023

2022

Note no.

For the period

For the period

For the period

For the period

(in EGP)

from 1/4/2023

from 1/1/2023

from 1/4/2022

from 1/1/2022

to 30/6/2023

to 30/6/2023

to 30/6/2022

to 30/6/2022

*(Restated)

Interest income

(33)

3,153,512,636

6,060,078,992

2,191,360,027

4,283,716,088

Interest expense

(2,085,667,078)

(4,042,700,213)

(1,343,743,236)

(2,573,711,654)

Net Interest Income

1,067,845,558

2,017,378,779

847,616,791

1,710,004,434

Fee and commission income

(33)

1,502,742,879

3,138,229,628

1,164,329,453

2,153,820,791

Fee and commission expense

(153,729,184)

(318,338,659)

(126,970,039)

(225,535,234)

Net Fees and commission Income

1,349,013,695

2,819,890,969

1,037,359,414

1,928,285,557

Securities gain (loss)

2,010,484

82,183,832

43,429,408

(666,477,100)

Changes in investments at fair value through profit & loss

399,007,356

1,104,969,746

(186,522,265)

(75,741,688)

Dividend income

(33)

35,294,548

51,888,859

3,151,357

3,255,993

Other revenues

(28)

119,764,620

265,001,397

27,739,571

55,822,552

Foreign currencies exchnage differences

75,014,778

1,149,009,358

256,522,712

996,253,076

Gains on selling assets held for sale

8,179,567

9,529,567

2,056,379

2,056,379

Share of profit from equity accounted investees

(33)

30,207,472

32,029,440

17,705,700

31,463,161

Revenue

3,086,338,078

7,531,881,947

2,049,059,067

3,984,922,364

General administrative expenses

(32)

(1,756,377,488)

(4,376,412,750)

(1,190,655,755)

(2,350,469,554)

Financial guarantee provision

(23)

(13,925,819)

(22,330,986)

(5,320,995)

(8,928,674)

Impairment loss on assets

(29)

(305,574,094)

(605,892,516)

(160,235,219)

(169,650,272)

Provisions

(23)

(37,018,771)

(57,439,133)

(818,565)

(22,078,096)

Depreciation and amortization

(13,14,15)

(131,274,563)

(228,564,228)

(78,320,141)

(147,382,479)

Profit before tax

842,167,343

2,241,242,334

613,708,392

1,286,413,289

Income tax expense

(30)

(288,422,428)

(750,546,903)

(163,681,392)

(391,331,463)

Profit for the period

553,744,915

1,490,695,431

450,027,000

895,081,826

Profit attributable to:

Owners of the company

404,650,633

1,289,217,540

336,989,574

680,709,321

Non - controlling interests

(26)

149,094,282

201,477,891

113,037,426

214,372,505

553,744,915

1,490,695,431

450,027,000

895,081,826