MM Group for Industry and International Trade (S.A.E ... · MM Group for Industry and International Trade (S.A.E) Cairo-Egypt Consolidated Financial Statements For the Period 31 March

MM Group for Industry and International Trade (SAE) Cairo- Egypt

Consolidated Financial Statements For the Period 31 March 2020

With Limited Review Report

Auditors review report 3

Consolidated statement of financial position 4

Consolidated statement of income (Profit and loss) 5

Consolidated statement of comprehensive Income 6

Consolidated Statement of change in equity 7

Consolidated Statement of cash flows 8

Notes to the consolidated financial statements 9-24

Moore Egypt Public AccounLanLS amp Consultants Head Office 5 AI Ahram St Heliopolis Cairo Egypt 11757

MOORE Egypt

PO Box 329 Hel iopo lis Down Town Office 8(A) Ali EI Kassa r St Opera Squa re Down Town Cairo Egypt l1lll1 Alexandria Office 196 Port Said St Sporting Alexand ria Egypt 21321 wwwmoore -egyptcom

Limited Review Report

To Messrs Management of MM Group for Industry and International Trade (Egyptian Joint Stock Company)

Introduction

We have perfonned a limited review for the accompanying consolidated financial statements of MM Group for Industry and International Trade Company which comprise the financial position as of March 31 2020 and the related statements of income comprehensive income changes of shareholders equity and cash flows for the three months that ended and a summary of significant accounting policies and other explanatory notes Management is responsible for the preparation and fair presentation of these interim consolidated financial statements in accordance with Egyptian Accounting Standards our responsibility is to express a conclusion on these interim financial statements based on our limited review

Scope of Limited Review

We conducted our limited review in accordance with the Egyptian Standard on Review Engagements 2410 limited review of interim financial statement performed by the Independent Auditor of the entity A limited review of interim financial statements consists of making inquiries primarily of persons responsible for Financial and accounting matters in the company and applying analytical and other limited review procedures A limited review is substantially less in scope than an audit conducted in accordance with Egyptian Standards on Auditing and consequently does not enable as to obtain assurance that we would become aware of all significant matters that might be identified in an audit Accordingly we do not express an audit opinion on these interim financial statements

Conclusion

Except for the effects for the previous paragraph based our limited review nothing has come to our attention that causes us to believe that the accompanying interim Financial statements do not present Fairly in all material respects the Financial position of MM Group for Industry and Intemational Trade Company as at March 31 2020 and of Financial performance and its cash flows for the three months then ended in accordance with Egyptian accounting standards

Emphasis of Matter

Without considering the following as a qualification

the Company has prepared the consolidated financial statements based on the financial statements prepared by management of n Ebtikar for Financial Investments (SAE) Mediterranean industrial company and Tamweel for General Trade for the period ending March 312020 which is classified as an investment in associates

Subsequent events following the financial period that do not require an amendment to the financial statements the impact of the recent outbreak (Covid-19) virus on the global economy and the markets continues and its negative impact related to the developments of this event which can be achieved in the future in several ways The company has taken procedures to reduce the impact associated with the development of the event and to identify these effects see Note No (26) of the notes to the financial statements for the financial period ending 31 March 2020

~~~

Cairo 9 June 2020 ~J~ i)~~ c

~ ~j~~

~

bull - l trmiddotmo~AJIMl~ ~- ali~

MM Group for Industry and International Trade (SAE) Consolidated financial statements for the period ended 31 March 2020

Translation from Arabic

Consolidated Statement of Financial Position Notes 3132020 31122019

Non-current assets EGP EGP

Fixed assets (4) 86440471 76496834

Investments property (5) 1 729214 1841501

Projects under construction (6) 1 368423 1230624

Investments in associates (7) 404055325 401 048237

Total non-current assets 493593433 480617196

Current assets

Inventory (8) 1 313570956 1 101305669

Receivables amp notes receivables (9) 637229013 507408742

Due from related parties (10-1 ) 3184050 4279957

Advances to suppliers 294097403 314570811

Debtors amp other debit balances (11 ) 191583225 204781 102

Investments at fair value through profit and loss (12) 49887412 50211 472

Cash on hand and at banks (13) 124372 089 149381124

Total current assets 2613924148 2331938877

Total assets 3107517 581 2812556073

Equity

Issued and paid up capital (14) 383625000 383625000

Legal reserve 45215631 45215631

General reserve 64462273 64462273

Gains arising from translating the financial statements 2107503

Retained earning 938137308 476806210

Profit for the period 1year 105921 669 459466852

Total equity of parent company 1 539469384 1429575966

Non-controlling interest 105001 856 104206372

Total equity 1644471240 1 533782338

Non-current liabilities

Deferred tax liability 667577 1165858

Total Non-current liabilities 667577 1 165858

Current liabilities

Provisions (15) 29418444 29516539

Credit Bank 393407855 280314215

Due to related parties (10-2) 110015968 116547206

Customers Advance payment 155060132 187884850

Suppliers amp notes payables (16) 612849427 535961 282

Creditors amp other credit balances (17) 66814287 48904115

Accrual income tax (18) 94812651 78479670

Total current liabilities 1462378764 1277 607 877

Total equity and liabilities 3107517581 281255amp 073

-The accompanying notes are an integral part of the consolidated financial statements - Auditors report attached

Chief F middot JSkk~ E

Khaled Gamal Mohamed A ~ Mahmoud Khaled HamcbtSftte111

I Officer

Page 4 of 24



Consolidated- statement of income (profit and Loss) Notes 3132020 3132019

EGP EGP

Net sales (19) 2233087605 2896616975

Less

Cost of sales (20) (1 982271 285) (2 628954 186)

Gross profit 250816320 267662789

Less

Sales amp distribution expenses (21 ) (87167306) (73793010)

General amp administrative expenses (22) (6078663) (3891 705)

Depreciation of administrative assets (1 022942) (529796)

Total expenses (94268911) (78214511)

Net operating profit 156547409 189448278

(Less) 1Add

lossGain from subsidiaries and associated companies (7) (1 400484) 8802929

Takaful contribution for health insurance (4749966) (7268 111)

Income from investment property 2027831 1320000

Depreciation of investment property (112287) (114244)

(Loss)Gain from investments at fair value through profit and loss (2021 490) 1901 710

Capital loss (22206)

Finance expenses (11 991 655) (7097409)

Credit interest 804518 1510727

Provisions (15) (243454)

Provisions no longer required (15) 124953

Foreign currency exchange gain 1(loss) 687809 (3513956)

Net profit for the period before taxes 139894432 184746470

(Less) IAdd

Income tax

Deferred tax

(18) (33754343)

498281

(41353004)

(424911)

Net profit for the period after taxes 106638370 142968555

Distributed on follows

Owners of the parent company 105921 669 135344230

Non-controlling interest 716701 7624325

106638370 142968555

Earnings Per Share (EGPShare) (23) 014 022

-The accompanying notes are an integral part of the consolidated financial statements

Chairm~ Chief]SCial Officer Financial~~e~~k ~ __Ke~aIMohamed J NV ~ ~~yzjMahmoud Kh aled H arndY-Salerii

Page 5 of 24



Consolidated statement of comprehensive Income

3132020 3132019 EGP EGP

Net profit for the period after taxes 106 638 370 142 968555

Add

Other comprehensive Income


Investments available for sale (net change at fair value) 30701

Total other comprehensive Income 108745873 142999256

Disturbed as follows

Owners of the parent company 108029172 135374931



- The accompanying notes are an integral part of the consolidated financial statements

~~~Wl~e~ Osama Fath~~ ~crshy~r d Gamal Mohamed

Mahmoud

Page 6of24

MIVi ~roujJ for lIiuustly and II IltrnaUUIlal ( lade (vAE) Consolidated financial statements for the period ended 31 March 2020

Translation from Arabic Consolidated Statement of Change in Equity

Equity of the parent company Gains

3132019 Paid-up General

arising from translating

the financial Investments revaluation Retained Profit of the Total

Non-controlling

Capital Legal Reserve Reserve statements reserve earning period interest Total Equity EGP EGP EGP EGP EGP EGP EGP EGP EGP EGP

Balance as of January 1 2019 306900000 32294029 64462273 (109950) 348764332 271245686 1023556370 113730348 1137286718

Transferred to retained earning 271245686 (271 245 686)

Control of subsidiaries adjustments 730652 730652 (19293672) (18563020)

Comprehensive Income for the period 30701 135344230 135374931 7624325 142999256

Balance as of 31 march 2019 306900000 32294029 64 462 273 (79249) 620740670 135344 230 1159661 953 102061 001 1261722954

3132020

Balance as of march 1 2020 383625000 45215631 64462273 476806210 459466852 1429575966 104206372 1 533782338

Transferred to retained earning 459466852 (459466852)

Retained earnings adjustment 1642417 1 642417 1642417

Control of subsidiaries adjustments 221 829 221829 78783 300612 2107503

Comprehensive Income for the period 105921 669 108029172 716701 108745873 2107503Balance as of 31 march 2020 383625000 45215631 64462273 938137308 105921669 1539469384 105001 856 1644 471240

- The accompanying notes are an integral part of the Consolidated financial statements

Financial Ma~ Chin Office~~~ ~~ O~ayKhaled Gamal Mohamed Mahmoud



Consolidated Statement of Cash Flows Notes

Cash flows from operating activities

Net profit before income tax

Adjustments to reconcile net profit to cash flows

From operating activities

Fixed assets depreciation (4)

Investment Property depreciation (5)

Gainloss from Investments in associated companies (7) Retained earnings adjustments Provisions no longer required (15) Provision (15)

Gains(Ioss) from investments at fair value through profit and (12)

loss

Finance expenses

Capital Gain

(Ioss)gain foreign currency exchange

Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)

Net operating income 160718642 186001255

Change in inventory (8) (212 265 287) (227 540 237)

Change in Receivables and notes receivables (9) (129820271) (166248332) Change in due from related parties (10middot1) 1 095907 702405

Change in Advance to suppliers 20473408 (27947820) Change in Debtors and other debit balances (11) 13197877 (24594693) Change in Suppliers and Notes payable (16) 76888 145 444165457

Change in Due to related parties (10-2) (6531238) (12544776) Change in Advance accounts Receivables (32824718) 29307216 Change in Creditors and other credit balances (17) 17910172 (13631 761) Cash flows (used in) 1provided by operating activities (91 157363) 187668714

Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)

Net Cash flow (used in)1 provided by operating activities (120570380) 168917638

Cash flows from investment activities

(Payments) for purchase of fixed assets and projects under

construction

(4) (6) (8465305) (3641 529)

(Payments) for associated company (7) (6589774) (17500000)

(Payments) for investment in subsidiaries(net after cash

balance) (2272 113) (18563020)

Proceeds from credit interest 804518 1510727

Foreign currency exchange 687809 (3513956)

Proceeds from Investments at fair value through profit and loss (1 697430) (441 750)

Net cash flows (used in) by investment activities (17 532 295) (42149528)

Cash flows from financing activities

Change in bank over draft 113093640 (59815728)

Net cash flows provided by(used in financing activities 113093640 (59815728)

Net change in cash and cash equivalents during the year (25009035) 66952382

Cash and cash equivalents at the beginning of the year 149381 124 98040434 Cash and cash equivalents at the end of the year (13) 124372089 164992816

Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman

Khaled Gamal Mohamed Mahmoud

~~~L

MM Group for Industry and International Trade (5 rlorl 31

Notes to the consolidated financial statements

1 About The company

A Companys background

MM Group for Industry and International Trade (SAE) is established under the Law No159 of 1981 and its executive regulations and considering the provisions of law No 95 of 1992 and its executive regulations and has been reaistered in the commercial reaister under No609 10 of Ramadan city on January 3 1996

Based on a Extraordinary general assembly held on April 5 2016 the decree of the general authority for investment and free zones no 6382 year 2016 which decided to the company into shy

bull MM Group company for the industry and international ( The Splitter) bull MTI company for real estate investment (SAE) (The Spfitted)

And use the date of the of the company at book value on the Companys financial statements at December 31 2015 as a basis to assess the assets and liabilities of the company for the purpose of solit and it was registered in the comercial reaister on december 29 2016

6th - According to the as of 2017 that agree to make an Initial public offering of 30of the shares of MM Group for industry and international trade company (SAE) in the Egyptian stock market on april 11 2017

B Companys Purpose

Producing and assembling vehicles agricultural tractors and related equipment heavy and light means of transportation and performing engine overhauls (b) maintenance installation and repairs through spl3cii3lized service (c) trading of cars agricultural tractors and related equipment loaders all heavy and light means of transportation including required spare parts maintenance and other related activities

and cladding pipes which is by the company

producing the required production supplies to serve the Companys purposes

all goods and products authorized for import in accordance to the Law

utilizing Egyptian commercial agencies for trading in electronic devices related to remote sensing and providing Advance technical and technological trading of telecommunication devices and mobile phones and the maintenance and reoair there of through soecialized service centres

the sale and of real estate properties land and movable assets to serve the Companys purposes (except for areas mentioned in the Ministerial Decree No 12 of Law No 94 of 2005 as well as the Sinai Peninsula and Shalateen which requires a prior approval from GAFls chairman)

assembling and manufactUring split air conditioners and mobile in one of the new industrial areas

oVMrfiM all goods and products authorized for export in accordance to the Law

Selling all goods and products mentioned as a part of the companys purpose including HhiI agricultural fork lift and loader

Sale of mobile lines and mobile recharge cards

Sale of electrical and non-electrical household appliances

The may have an interest in or participate with or others that perform similar activities and which may further the achievement of its objectives in Egypt or abroad The Company may also merge with purchase or such according to the Drovisions of the Law and its Executive

Page 9 of 24

MM Group for Industry and International Trade (SAE) ended March 2020

1 About The company (continued)

C Companys location

- The companys main residance and legal location is in the 10th of Ramadan City The Head Quarter of the company is in 18 EI Obour - Buildings Salah Salem Cairo

D Companys Duration

the fiscal year for the company begins on the 1s1 of January and ends on December of each year

- The duration is twenty-five years from the date of in the commercial

E Approval of the financial statements

- The consolidated financial statements of the Company for the period ended 31 March 2020 were authorized for issuance in accordance with a decree ofthe board of directors held on June 9 2020

2 Basis for preparation of financial statements

A Basis of consolidation

-The consolidated financial statements are prepared by consolidating the financial statements of the Holding Company and its subsidiaries through collecting similar items of assets liabilities equity revenues and expenses

-The investment cost borne the holding company in its subsidiaries was eliminated along with the holding companys share in the equity of each subsidiary

- Unrealized intercompany transactions are eliminated

- Non-controllable interest in net equity and in net profit of subsidiaries controlled by the company are included in the equity in the consolidated financial statements under an clause non-controlling interests and are calculated as eaual to their share in the carrying value of the net assets of the

-The acquisition cost was distributed as follows-

The fair value of assets and liabilities owned at the date of acquisition and within the limits of the share of the parent company that was acquired on that date

- The additional acquisition cost over the share of the parent companys share in the capital of the subsidiary companies is recognized as goodwill

Scope of consolidated financial statements

The consolidated financial statements include the companies in which the company contributes more than 50 of its capital and it has control over it and companies with less than 50 contribution The company has the ability to control the companys decisions The following are the companies listed in the consolidated financial statements

Investment

MM for Export amp Import 99

Qanawat for trading and distribution company 7048

Mediterranean industrial company 9910

B Commitment to accounting standards and laws

These financial statements were in accordance with CUVULIGII Accounting Standards and prevailing

laws and regulations

C Disclosure and presentation currency

The financial statements are presented in Pound which is the Companys functional currency

Page 10 of 24

MM Group for Industry and International period ended Consolidated financial statements for

2 Basis for preparation of financial statements (continued)

D Use of estimates and

The preparation of the consolidated financial statements are in-accordance with the Egyptian Accounting Standards

requiring to make estimates and that affect assets and liabilities revenues and expenses

during the financial period

Actual results may differ from these estimates The estimates and assumptions are reviewed on-going basis and

the effects ofthe modification of the accounting estimates in the period in which estimates are revised

and estimates are mainly used in the application of pOlicies with significant impact on

balances included in the financial statements and which are disclosed under the following notes

Fixed assets

Investment Property

Financial instruments

Provisions

3 Significant accounting policies

The Company applies the following policies consistently and it is consistent with that applied in aU the financial years disclosed in these consolidated financial statements

3middot1 Foreign currencies translation

Transactions in foreign currencies are initially recorded using the exchanqe rate nrolinn on the date of the transaction

Monetary assets and liabilities denominated in foreign currencies are retranslated the rates riiinn at the balance sheet date All differences are recoQnized in the statement of income

Nonmonetary items that are measured at historical cost in foreign currencies are translated using the rates prevailing at the date of the initial

3middot2 Fixed assets and its deprecation

a The first recognition and initial measurement

Fixed assets are stated at the historical cost after deducting accumulated rionrpltiM and accumulated impairment losses

b Subsequent Cost

Such cost includes the cost of replaCing part of the fixed assets when that cost is incurred if the recognition criteria are met Likewise when major improvements are performed its cost is recognized in the carrying amount of the fixed assets as a replacement if the recognition criteria are satisfied aU other repair and maintenance costs are recoQnized in the statement of profit or loss as incurred

c Depreciation

Depreciation is determined based on the fixed assets less salvage value as residual value at the end of estimated useful life The Salvage value of asset is the net amount currently expected to be obtained as a result of Disposal if it is in the expected condition at the end of its useful life The amount is carried on the income statement according to the method the useful life estimated to each kind of fixed assets except land that not depreciated the depreciation of fixed assets are depreciated according to the following rates

Asset Depreciation

Rate

Building facilities and decoration 5

Computers 50

Other assets 25

11 of 24

MM Group for Industry and International Trade (SAE) the

3 Significant accounting policies (continued)

3-3 Investment property

The Investment are the real estate values that have been obtained for the purpose of resale or for rent or both and are not for sale within the normal of the company The initial record of these investments are done using the cost method - the acquisition cost - or at the date of to be re-measured by removing the impairment of those investments at the end of the financial period taking into account the active market conditions of these properties with the included in the recoverable amount of the acquisition cost of these investments in the income statement In the event of a rise in its recoverable amount it is added to the same item and within the limits already recognized on the income statements previous financial periods and do not include any of these real estate investments and held either only for the purpose of the subsequent act in the near future or for development or resale within the normal activity of the company

The real estate investments are recorded at historical cost net of accumulated depreciation and impairment if any and are depreciated using straight line method and according to estimated useful life of each asset in accordance with the following

Asset Useful life

Building (Commercial renovation and decoration) 20 years

3middot4 Projects under construction

The cost of the purchase construction and installation of fixed assets are recorded under this item until those assets are ready for use after which those amounts are transferred to fixed assets

3middot5 Investments in associates

An associate is an entity over which the Group has Significant influence that is not control or joint control influence exists where the Company holds voting rights of 20 to 50 in an entity

AcqWSlrH)ns of Associates are accounted for using the purchase method goodwill on acquisition of an associate if any is not but is rather included within the carrying amount of the investment Investments in associates are accounted for subsequently in the consolidated financial statements using the equity method

According to the equity method an investment in an associate is initially in the statement of financial position at cost and is subsequently adjusted to the Groups share in profit or loss and other changes in the net assets of the associate

3middot6 Investments available for sale

These assets are initially measured at fair value plus any directly attributable transaction costs Subsequent to initial recognition they are measured at fair value and changes other than impairment losses and foreign currency differences on debt instruments are recognized in other comprehensive Income and accumulated in the fair value reserve When these assets are de-recognized the accumulated gain or losses in equity is reclassified as profit or losses if the Company cannot define at fair value it can be stated at cost less impairment

3middot7 Investments at fair value through profit and loss

This category includes financial assets held for trading A financial instrument is classified as an instrument held for trading if it is primarily for the purpose of the sale in the short term or if it represents a part of a portfolio of specific financial instruments that are managed tthr

and there is evidence of recent actual transactions that resulted in short-term profit taking instrument

Page 12 of24

3-10

MM Group for Industry and International ttornont for

3 Significant accounting (continued)

3-8 Inventory

A Agricultural tractors Telecommunications

The inventory is stated at the lower of cost or net realizable value The cost of inventory is based on first-in firstshyout principal

B Automotive

Inventory is evaluated and the sold units are priced at the actual cost till the end of the sales transaction where a cost center for each unit is made

C Consumer Electronics

The raw material inventories are stated at the lower of the cost or net realizable value The cost of raw material is based on the weighted average method

3middot9 Revenue

bull Sales revenue

Revenue from the sale of goods is measured at the fair value of the consideration received or net of returns and allowances trade discounts and volume discounts Revenue is recognized when the significant risks and rewards of ownership have been transferred to the buyer and in the presence of sufficient expectation for the flow of economic benefits with the sales transaction and when the company doesnt have the right for continuous managerial control over the when the buyer receives them and in case of exportation the risks and rewards of the ownership of the goods are transferred to the freight conditions where revenues are usually ronirI when the goods are exportation

bull Credit interest

Credit interest revenues are on the basis of time ratio taking into consideration the rate of retum on the original value

in value of assets

1) Financial assets

A financial asset is considered to be impaired if evidence indicates that one or more events have had a negative effect on the estimated future cash flows of that asset An impairment loss in respect of an available-for-sale financial asset is calculated by reference to its current fair value Individually financial assets are tested for impairment on an individual basis all impairment losses are in income statement Impairment losses are reversed in the income statement when there is evidence recover of the impairment losses

2) Non-financial assets

The non-financial assets other than Assets arising from construction contracts and inventories are reviewed to determine whether there is any indication of impairment if any such indication exists then the assets recoverable amount is estimated An impairment loss is if the amount of an asset or its cash-generating unit exceeds its recoverable amount A cash-generating unit smallest identifiabie asset group that generates cash flows that largely are independent from other assets and groups Impairment losses are recognized in the income statement The recoverable amount of an asset or cash-generating unit is the of its value in use and its fair value less its selling costs In value in use the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset An loss is reversed if there has been a change in the estimates used to determine the recoverable amount An impairment loss is reversed only to the extent that the assets carrying amount does not exceed the carrying amount that would have been determined net of depreciation or amortization if no impairment loss had been ranar1

Page 13 of24

79 of in 1975 as ltInonrlorl

MM Group for Industry and International Trade (SA Consolidated financial statements for the oeriod ended 31 March 2020


3-11 Provisions

A provision is recognized when the has legal or constructive as a result of past events and it is probable that an outflow of will be to these obligations with the ability to make reliable estimate for these obligations Provisions are reviewed at the date of preparing the financial statements and adjusted when necessary to show its best estimate

3-12 Taxes

A Income Tax

Income tax is a tax on the Companys profit and is calculated according to the relevant laws regulations and instructions that are currently implemented in this while using the prevailing income tax at the date of preparing the balance sheet The tax on income should be reflected in the income statement

B Deferred taxes

Deferred tax occurs to reflect the existence of some temporary differences due to the difference in time frames when the current value of assets and liabilities are recognized between the prevailing taxation principles and accounting principles that are adhered to when preparing the financial statements The deferred tax is determined according to the prevailing method used to settle the value of assets and liabilities It should be taken into account that the deferred tax considered an asset of the company if there is a possibility that it may be used to reduce the accrued tax profits of the company for future years and the amount of the deferred tax considered as an asset of the company is reduced by the amount that may not be off-set aaainst future taxes

3-13 Receivables notes receivable debtors and other debit balance and advances to suppliers

Receivables note receivable debtors and other debit balance and advances to suppliers are recorded by face value net of impairment

3-14 Related Parties Transactions

Transactions with related are recorded in the same way as in normal course of business according to the conditions stated by the ltgtnnt and on the same basis as transactions with others

3-15 LeClal reserve

According to the articles of the company shall transfer 5 of the yearly net profit to the reserves account in the shareholders equity up to when the legal reserve balance is equal to 50 of the

companys paid up capital in the event the said reserve falls below 50 transfer is resumed

3-16 Employees Benefits

The company is its share in the social insurance funds according to the Social Insurance Act No and is recoanized as wage and expense in the income statement according to

the accrual basis

3-17 The Contingent Liabilities and Commitments

Contingent liabilities and commitments of which the company is part of as well as out off-balance sheet do not represent actual assets or liabilities at the date of financial statements

3-18 Dividends

Dividends are recognized as an obligation in the period which the declarations of distributions are made

14 of 24

MM Group for Industry and International Trade (SAE)

3 accounting (continued)

3-19 Cash Flow Statement

The cash flow statement is according to the indirect method

3-20 Cash and cash equivalent

3-21

For Purpose of the cash flow statement Cash and cash tlUUJVClltll

and time deposits less than three month

Comparative

include cash on hand and at banks

The figures are reclassified when necessary to comply with current figures

3-22 per share

per share is calculated by dividing the profits by the number of ordinary shares of the company by the weighted average of the number of shares during the year

3-23 Capital mlnlllAmAnt

The Board of Directors policy is to maintain a capital base to maintain investors creditors and market confidence and to sustain future development of the business

The board of directors aims to make a balance between the interest rates which can be attained with the high rates of borrowings and the benefits amp received guarantees through maintain a healthy capital structure

3-24 Fair value of financial instruments

The financial instruments is represented in the companys financial assets and liabilities and the financial assets include the account receivables notes receivables and other debt balances and cash on hand and at bank also the financial liabilities include customers Advance payments contractors accounts and notes oavable and other credit balances According to the basis of evaluation followed in evaluating the companys assets and liabilities which is present in the disclosure footnotes of the financial statements the fair value of the financial instruments dont differ

il1llifiti from its book value at the date of the oreoaration of the financial statements

3middot25 Financial instruments and risk management related

The financial instruments are balances of bank accounts cash on hand and at banks Receivables amp Notes Debtors amp other debit balances suppliers creditors and other credit balances The following are the most significant risks related to the financial instruments and the procedures taken the company to minimize the effect of such risks

1) Credit risk

This risk is represented in the disability of clients to pay their outstanding liabilities this risk is considered limited as the cllents have a solid credit history

2) Liquidity risk

The liquidity risk is charectarized by factors that impact the repayment of part or all of the commitments According to the policy the suitable policies are taken to decrease the level of minimum

3) Interest rate risk

Interest rate risk is in the in value of financial instrument due to the fluctuation of the market interest rates This risk is considered based on the companys on financing needed for operations

4) Foreign currency risk

The foreign is the fluctuation of currency rates since that affect the companys receivables and currency also asset and liability evaluation in foreign Also as it is in note (31) the and liabilities in foreign currency are evaluated using the rate in the date of financial statements

Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol

Furniture dmarch 31 202Jl

and equipment and office Elevators and air

Land constructions and Devices Vehicles devices conditioners Decorations ments Total

EGP EGP EGP EGP EGP EGP EGP EGP EGP EGP

Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709

Additions durina the period 898896 4693125 474544 570281 107007 220006 1363647 8321506

Additions of control on subsidiaries 13252603 4973347 21206 447239 64 058 18158453

of the period 295) 295)

Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313

Accumulated depreciation in Jan 1 2020 15833416 16153255 13405851 11 931 519 13865611 5614593 3310090 82585815

of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951

Additions of control on subsidiaries bullbull 6931008 4422316 21206 430576 64 058 11869164

088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471

This is of 3 220 243 LE which is the book value of fullv depreciated assets that are still in use

3132020

Vehicles

And Device 48133 1770042

Furniture and office device 14913 1 387155 3

The investment was reclassified in the subsidiaries to of 2475 shares of the investments in Mediterranean industrial company so that increase in the share from to 991 and so controllina the financial policies of the company

16 of 24

for 11Iuustry and Imernallol -I the ended 31

4middot Fixed Assets

Furniture

and and office Elevators and air leasehold December 31 2019 land constructions and Devices Vehicles devices computers conditioners Decorations improvements Total


Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026

Additions during the year 4199271 3113606 2343213 2613573 356085 5128404 5133013 22881165

Disposals (66 (185100) (251 482)

Balance in December 31 2019 19058400 16164432 24123090 20928451 18961 509 17 845 321 7331860 26843910 159082709

Accumulated depreciation in January 1 2019 15025254 14984691 11538361 9800855 11929210 5088152 2092551 71435541

808222 1834457 1 998124 2130664 1 936401 526441 1277539 835019Depreciation of the year 11346867

Accumulated depreciation of disposals (65899) (130634) (196533)

Accumulated depreciation in December 312019 15833416 16153255 13405851 11 931519 13865611 5614593 3370090

Net book value in December 312019 19058400 330956 1369835 7522606 7029990 3979716 1123267 23413820

This figure is of 3 134 979 LE which is the book value of nonrofbtcn assets that are still in use

31122019

eqUipment And Device 48133 Vehicles 1 748836 Furniture and office device 14913 Computers 1 323097

3134979

82585815

76496834

MM Group for Industry and International Trade (SAE) Consolidated financial statements for oeriod ended 31 March 2020

5- Investment property

EI Mohandeseen EIObour

Showroom Showroom Total

Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406

6shy under construction

3132020 31122019 EGP EGP

101n of Ramadan Buildings 966143 828344

1368423 1230624

7- Investments in associates

Investment

Percentage

alma shanre company for industrial trade 31

Tamweel for General Trade 5000

ledilerranean industrial company

ilodem technology services company 35

Ebtekar for financial investment company 4990

IPE Capital limited company 4310

Application amp Systems 146

levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000

The company did not start its activity and has not yet issued financial statement The investment was reclassified in the subsidiaries according to purchase of 2 475 shares of the investments in

Mediterranean industrial company for trading and distribution so that increase in the share from 496 to 9910 and so controlling the financial policies of the company

8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613

Impairment of inventory (16 029 944) (16 029 944)

1313570 956 1101305669

180f24

1566

for Industry and International Trade

9middot Receivables amp Notes Receivables

Accounts Receivables

Notes Receivable

Notes receivable under collection

3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758

of receivables amp notes receivables (17570016) (17570016)

637229013 507408742

10- Related Parties Transactions

1) Due from related parties

31312020 31122019

EGP EGP


Modern technology services company 3184050 3184050

3184050 4279957

2) Due to related parties

MTI for Real Estate Investment

Shareholders credit balances

BPE Caoitallimited company

3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24

MM Group for Industry and International Trade (SAE) Consolidated financial statements for the Deriod ended March 2020

11middot Debtors and other debit balances

3132020 311122019

EGP EGP

Staff loan 4963178 5131484

Withholding tax 59157524 61 353121

Vodafone company 22372 570 29243876

Tax Authority VAT 45526224 51 550 762

with others 4136 065 3371765

Custom authority 1221 546 1 437033

Prepaid expenses 22581640 20963293

Other debit balances 31651 753 31 757043

Impairment in debtors and other debit balances (27275) (27275)

191583225 204781102

12- Investments at fair value through profit and loss

Investments in portfolios managed by others

3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472

13shy Cash on hand and at banks

31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -

14middot Issued and Paid-up Capital

- The authorized capital of the company was determined to be 100 000 000 LE and the issued was determined on the date of establishment to be 21 000000 distributed over 210000 shares at a par value of 100 LE and a paid-up capital of 5250000 LE and has been registered in the commercial register on January 3 1996

- According to the decision of the extraordinary held on April 30 1997 the amount of the authorized capital was increased from 100 000 000 LE to 150 000 000 LE and the issued and fully paidshyup-capital amounted to 36 900 000 LE distributed over 369 000 shares at a par value of 100 LE per share and has been registered in the commercial on August 141997

- According to the decision of the extraordinary general assembly held on July 10 2003 the par value of the share was split from 100 LE per share to 10 LE per share in a paid up capital of 36900000 distributed on 3 690 000 shares at a par value of LE 10 per share

According to the decision of the board of directors meeting held on May 18 2006 the issued and paid up capital was increased from 36 900 000 LE to LE 60 000 000 distributed over 6 000 000 shares at a par value of 10 LE per share and has been registered in the commercial register no 555 on May 29 2006

200f24

on December

MM Group for Industry and International Trade (SA ended

14middotlssued and paid~up (continued)

- According to the decision of the board of directors held on March 3 2007 the issued and paid up was increase from 60 000 000 LE to 90 000 000 LE distributed over 9 000 000 shares at a par value of 10 LE per share and has been registered in the commercial register no 531 on April 22 2007

to the decision of the board of directors held on December 10 2007 the issued and up capital was increased from 90 000 000 LE to 000 000 LE distributed over 12 000 000

at a par value of 10 LE per share and has been reaistered in the commercial reaister no 1767

According to the decision of the board of directors meeting held on December 13 2008 the issued and paid up was increased from 150 000 000 LE to 500 000 000 LE and has been reaistered in the commercial reaister no 627 on Aoril21 2008

The company then increased its issued and paid capital from 120000 000 LE to 180 000 000 LE and has been registered in the commercial no 1887 on December 21 2008

According to the decision of the board of directors held on May 12 2010 the issued and paid up capital was increased from 180 000 000 LE to 198000000 LE million distributed over 19800000 shares with a par value of LE1 a per share and has been registered in the commercial reaister no 1167 on May 252010

According to the decision of the extraordinary assembly held on September 272014 the issued and paid up was increased from 198 000 000 LE to 264 000 000 LE deducted from the general reserve amounted to 66 000 000 LE which was distributed over 26 400 000 shares with a par value of 10 LE per share and has been registered in the commercial on March 162015

to the decision of the extraordinary general held on June 18 2015 the issued and paid up capital was increased from 264 000 000 LE to 396 000 000 LE deducted from the reserve using a total of 132 000 000 LE which was ultimately distributed over 39 600 000 shares at a par value of 10 LE per share and has been registered in the commercial reaister on October 252015

According to the decision of the extraordinary assembly held on April 42016 the company split the par value of shares from 10 LE per share to 1 LE per share distributed over 369000000 shares at a par value of 1 LE per and increase the authorized capital form 500 000 000 LE to 1 000 000 000 LE and has been reaistered in the commercial register on June 92016

According to the decision of the extraordinary general held on 24 October 2016 the valuation report was approved for issuance to GAFI in order to split the company into two Consolidated MM Group for Industry and Intemational Trade (splitting) and MTI for Real Estate Investment (splitter) with an issued capital of 245 520 000 LE distributed over 396 000 000 shares at a par value of 62 LE and has been reoistered in the commercial reoister on December 292016

According to the decision of the extraordinary general assembly held on May 2018 the issued and paid up capital was increased from 245 520 000 LE to 306 900 000 LE from the Retained eamings

a 61 380 000 LE which was ultimately distributed across 495 000 000 shares at a par value of 062 LE per share and has been in the commercial on July 102018

According to the decision of the extraordinary general assembly held on April 15 2019 the issued and up capital was increased from 306900 000 LE to 383 625 000 LE from the Retained eamings

using a 76 725 000 LE which was ultimately distributed across 618750000 shares at a par value of 062 LE per share and has been registered in the commercial register on May 222019

210f24

15- Provisions

311312020 31122019

EGP EGP

Beginning Balance 29516539 28955382

29418444 29516539

16- Suppliers and Notes

31312020

EGP

31122019

EGP

Notes 584453013 505339171

17- Creditors and other credit balances

Tax authority

Ministry of Health - Takaful contribution for health insurance

Accrued l=rInltgtltgtltgt

Creditor of fixed assets purchased

Other credit balances

612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax

Accrued revenue on advanced payments to tax authority

Tax in advance

19middot Net sales

Consumer and electronics activity

Telecommunication activity

Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24

MM Group for Industry and International Trade (SA Consolidated financial statements for the period ended March 2020

3132020 3132019

EGP EGP

Consumer electronics activity 1 330163430 1963229269

Telecommunication activity 303951293 310935014

Automotive activity 340158265 345627655

Tractors and pioes activity 7998297 9162248

1982271285

21- Sales amp distributions Expenses

31312020 3132019

EGP EGP

Salaries and Wages 33769800 28791217

Sales commission expenses 3709913 3556974

of fixed assets 3242642 1606598

Other Expenses 46444951 39838221

87167306

22- General amp Administrative Expenses

3132020 3132019 EGP EGP

Salaries and wages 2558046 2111513

Transportation Fees 229935 327679

Other I=VAnltgt 3 290 682 1452513

23- Earnings per share (EGP 1share)

3132020 3132019

EGP EGP

Net profit for the period 105921 669 135344230 Less

profit share 10062559 12857702 Board of director profit share

87331 051 111163326 495000000618750000

014 022

According to Suggestion of the Board of Directors for the purpose to Calculate per share

Page 23 of 24


Translation from Arabic 24middot Contingent Liabilities

The letters of guarantee issued at the companys request by commercial banks in Egypt in favor of third parties as of 31 December 2019

March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000

AI Ahli Bank Of Kuwait 21000

Ahli United Bank 81 750000 Attijariwafa Bank 1536900

214875200 21000 25000

25middot Tax Status

The company is subjected to law No 159 for year 1981 and its executive regulations the tax status of the company is as follows

1 Corporate Tax

- Corporate tax was inspected and settled till 31 December 2016

- The Company submits tax retums regularly in accordance with the legal cut-off dates

2 VAT tax

- VAT tax has been inspected and settled up to 2015The Company submits tax fillings regularly in accordance with the legal cut-off dates

3 Stamp Tax

Stamp duty tax has been inspected and settled up to 31 July 2006 and it has been inspected up to 31 December 2014 Currently preparing to inspect for the year 2015 through 2018

4 Withholding tax

Withholding tax was paid up to 31 March 2020 was inspected till 31 December 2017

5 Payroll Tax

- Payroll Tax was inspected and settled for the years 2005 through 2012 - Payroll tax was inspected for the years 2013 through 2016 -The Company submits monthly reconciliations in accordance with the legal cut-off dates

26- Subsequent event

The second half of march have witnessed the beginning of the impact of the outbreak of corona virus on the Egyptian market and the Egyptian government announced unprecedented measures to combat the virus infection and its spread The company has formed a risk committee to manage the crisis and the objectives of this period has been defined in maintaining all employees and securing them from corona risks as well as continuing the companys operations all risks were studied and evaluated and taken a serious of precautionary measures to reduce all risks on employees and to ensure the continuity of the supply chain (operational manufacturing sales and collection operations in this period and there is not effect on the companys current economic situation (its financial position business result and cash flow) And given to of the lack of clarity of the effects that could be caused by the development of the situation related to the effect of the spread of the virus (Covid-19) in the future the effects of development on the companys activity cannot be determined precisely at the present time

C~ Chief ~if~al Officer Financial Manager

K~~Gamal Mohamed ~~ --- = Mahmoud Khaled Hamdy S ~~d

Page 240f24

Auditors review report 3

Consolidated statement of financial position 4

Consolidated statement of income (Profit and loss) 5

Consolidated statement of comprehensive Income 6

Consolidated Statement of change in equity 7

Consolidated Statement of cash flows 8

Notes to the consolidated financial statements 9-24


MOORE Egypt




Introduction




Conclusion


Emphasis of Matter




~~~


~ ~j~~

~






Fixed assets (4) 86440471 76496834





Current assets

Inventory (8) 1 313570956 1 101305669








Total assets 3107517 581 2812556073

Equity


Legal reserve 45215631 45215631







Total equity 1644471240 1 533782338




Current liabilities

Provisions (15) 29418444 29516539

Credit Bank 393407855 280314215











I Officer

Page 4 of 24




EGP EGP

Net sales (19) 2233087605 2896616975

Less

Cost of sales (20) (1 982271 285) (2 628954 186)

Gross profit 250816320 267662789

Less




Total expenses (94268911) (78214511)


(Less) 1Add













(Less) IAdd

Income tax

Deferred tax

(18) (33754343)

498281

(41353004)

(424911)





106638370 142968555




Page 5 of 24




3132020 3132019 EGP EGP


Add











Mahmoud

Page 6of24







Non-controlling







3132020



















loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24


MOORE Egypt




Introduction




Conclusion


Emphasis of Matter




~~~


~ ~j~~

~






Fixed assets (4) 86440471 76496834





Current assets

Inventory (8) 1 313570956 1 101305669








Total assets 3107517 581 2812556073

Equity


Legal reserve 45215631 45215631







Total equity 1644471240 1 533782338




Current liabilities

Provisions (15) 29418444 29516539

Credit Bank 393407855 280314215











I Officer

Page 4 of 24




EGP EGP

Net sales (19) 2233087605 2896616975

Less

Cost of sales (20) (1 982271 285) (2 628954 186)

Gross profit 250816320 267662789

Less




Total expenses (94268911) (78214511)


(Less) 1Add













(Less) IAdd

Income tax

Deferred tax

(18) (33754343)

498281

(41353004)

(424911)





106638370 142968555




Page 5 of 24




3132020 3132019 EGP EGP


Add











Mahmoud

Page 6of24







Non-controlling







3132020



















loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24





Fixed assets (4) 86440471 76496834





Current assets

Inventory (8) 1 313570956 1 101305669








Total assets 3107517 581 2812556073

Equity


Legal reserve 45215631 45215631







Total equity 1644471240 1 533782338




Current liabilities

Provisions (15) 29418444 29516539

Credit Bank 393407855 280314215











I Officer

Page 4 of 24




EGP EGP

Net sales (19) 2233087605 2896616975

Less

Cost of sales (20) (1 982271 285) (2 628954 186)

Gross profit 250816320 267662789

Less




Total expenses (94268911) (78214511)


(Less) 1Add













(Less) IAdd

Income tax

Deferred tax

(18) (33754343)

498281

(41353004)

(424911)





106638370 142968555




Page 5 of 24




3132020 3132019 EGP EGP


Add











Mahmoud

Page 6of24







Non-controlling







3132020



















loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24




EGP EGP

Net sales (19) 2233087605 2896616975

Less

Cost of sales (20) (1 982271 285) (2 628954 186)

Gross profit 250816320 267662789

Less




Total expenses (94268911) (78214511)


(Less) 1Add













(Less) IAdd

Income tax

Deferred tax

(18) (33754343)

498281

(41353004)

(424911)





106638370 142968555




Page 5 of 24




3132020 3132019 EGP EGP


Add











Mahmoud

Page 6of24







Non-controlling







3132020



















loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24




3132020 3132019 EGP EGP


Add











Mahmoud

Page 6of24







Non-controlling







3132020



















loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24







Non-controlling







3132020



















loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24












loss

Finance expenses

Capital Gain


Credit interest

3132020 EGP

139894432

5250951

112287

1400484 1642417 (124953)

2021490

11 991 655

22206

(687809) (804518)

3132019 EGP

184746470

2501 088

114244

(8802929)

243454

(1 901 710)

7097409

3513956 (1 510727)






Paid Income Tax

Used in provisions

Paid Debit Interest

(18) (17 421 362)

(11 991 655)

(11115702)

(537965)

(7097409)




construction

(4) (6) (8465305) (3641 529)



balance) (2272 113) (18563020)










Financial Manager

OsamaF~l _

O~~-(JPage8of24

Chairman


~~~L



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24



1 About The company







B Companys Purpose













Page 9 of 24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24



C Companys location


D Companys Duration
















Investment









Page 10 of 24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24











Fixed assets

Investment Property


Provisions










b Subsequent Cost


c Depreciation


Asset Depreciation

Rate


Computers 50

Other assets 25

11 of 24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24






Asset Useful life













Page 12 of24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24

3-10



3-8 Inventory



B Automotive




3middot9 Revenue

bull Sales revenue




in value of assets

1) Financial assets




Page 13 of24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24




3-11 Provisions


3-12 Taxes

A Income Tax


B Deferred taxes






3-15 LeClal reserve





the accrual basis



3-18 Dividends


14 of 24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24






3-21



Comparative



3-22 per share










1) Credit risk


2) Liquidity risk






Page 15 of 24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24

Irlyustry dl

4- Fixed Assets

Leasehol





Cost in Jan 1 2020 19058400 16164 432 24123090 20928457 18961509 17 845 327 1337860 26843910 7819124 159082709




Balance in March 31 19058400 29417035 29995333 25642788 19883292 18479666 7444867 21063916 186091313


of the 57825 993340 1284017 933662 762691 304544 485623 429249 5250951


088) (49

22822309 22168911 14111074 13295151 14692360 5919131 3855713 2191 641 99656902

19058400 6594126 1826422 10931114 6581535 3187306 1525730 23208203 6920435 86440471


3132020

Vehicles

And Device 48133 1770042



16 of 24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24



Furniture



Cost in January 12019 19058400 16164432 19990201 11999951 16618296 15231154 6981115 21115506 2686111 136441026


Disposals (66 (185100) (251 482)








31122019


3134979

82585815

76496834





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24





Cost in January 1 2020 9400498 9400499

112287 112287

55612406 31140000 86752406


3132020 31122019 EGP EGP


1368423 1230624


Investment

Percentage








levelopment company

3132020

EGP 279346

4827599

9737213

373609978

14000000

1 601189

404055325

Control of

Subsidiaries

adjustments

EGP 222764

(2404966)

Additions

during the

year

EGP

5001775

1 587999

6589774

Gains (Ioss)

for the year

EGP 56582

(174176)

76291

(1 370805)

11624

311212019

EGP

2404966

9660922

374980783

14000 000



8shy Inventory

for sale

Parts

Goods in transit

3132020

EGP

794744066

32836231

502020603

311212019

EGP

792446222

31769677

293119714

1 329600 900 1117 335 613


1313570 956 1101305669

180f24

1566




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24




Notes Receivable


3132020

EGP

471083952

152214723

31500354

31122019

EGP

419497147

78083893

27397718

654799029 524978758


637229013 507408742



31312020 31122019

EGP EGP



3184050 4279957





3132020

EGP

95649599

4366369

10000000

31122019

EGP

101 570701

4976505

10000000

190f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24



3132020 311122019

EGP EGP

Staff loan 4963178 5131484




with others 4136 065 3371765





191583225 204781102



3132020

EGP

49887412

49887412

31122019

EGP

50211472

50211472


31312020

EGP

31122019

EGP

Current Account

Time Deposits

Cash on Hand

102470096

609066

124372 089

138701 435

453928

149381 124 _ - - -






200f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24

on December

















210f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24

15- Provisions

311312020 31122019

EGP EGP


29418444 29516539


31312020

EGP

31122019

EGP

Notes 584453013 505339171


Tax authority





612849427 535961282

3132020 31122019

EGP EGP

18879941 7856629

24560543 21452994

2385866 1 494061

7772400 7772400

13215537 10328031

66814287 48904115

31132020 31122019

EGP EGP

78479670 28657593

33754343 137335383

(17421 362) (28 657593)

(1 673146)

(57 182567)

_ _ 94812651

for the period

Income tax expense

lmltgtnt for tax


Tax in advance

19middot Net sales



Automotive activity

Tractors and

31132020 EGP

1438383875

330607884

454621576

9474270

3132019 EGP

2133443194

329192843

421 104808

12876130

2233087605 2896616975

Page 22 of 24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24


3132020 3132019

EGP EGP





1982271285


31312020 3132019

EGP EGP





87167306


3132020 3132019 EGP EGP



Other I=VAnltgt 3 290 682 1452513


3132020 3132019

EGP EGP



87331 051 111163326 495000000618750000

014 022


Page 23 of 24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24




March 31 2020

EGP USD Euro

QNB ALAHLI 131 588300 25000



214875200 21000 25000

25middot Tax Status


1 Corporate Tax



2 VAT tax


3 Stamp Tax


4 Withholding tax


5 Payroll Tax






Page 240f24

Documents

MM Group for Industry and International Trade (S.A.E ... · MM Group for Industry and International Trade (S.A.E) Cairo-Egypt Consolidated Financial Statements For the Period 31 March