第99.1展示文本
联合股份公司
KASPI.KZ
截至2024年3月31日三个月的中期简明合并财务报表
财务信息
截至2024年9月30日的九个月结束
2024年9月30日（未经审计）
股份公司Kaspi.kz
目录
中期简明合并财务信息
三个和其他 截至2024年9月30日的九个月（未经审计）： 2024年9月30日止（未经审计）：
中期摘要合并利润或损失表（未经审计） |
3 |
|
|
其他全面收益的中期简明综合收入表（未经审计） |
4 |
|
|
其他综合地位的中期简明综合收入表（未经审计） |
5 |
|
|
其他权益变动的中期简明综合收入表（未经审计） |
6 |
|
|
其他现金流量的中期简明综合收入表（未经审计） |
7-8 |
|
|
未经审计的中期简明综合财务信息的选择性说明注释 |
9-32 |
2
股份公司Kaspi.kz
中期简明合并利润表
2023年和2024年9月30日止三个月和九个月（未经审计）
（以KZt百万为单位，每股收益以KZT计算）
|
票据 |
九个月结束 |
三个月之内结束 |
|
||
|
|
30 九月 2023 |
30 九月 2024 |
30 九月 2023 |
30九月 2024 |
|
|
|
|
|
|
|
|
营业收入 |
4,5,18 |
1,342,697 |
1,801,805 |
508,436 |
649,754 |
|
净费用收入 |
|
682,287 |
907,495 |
266,833 |
329,430 |
|
营业收入 |
|
602,604 |
773,757 |
217,166 |
283,620 |
|
零售收入 |
|
37,133 |
115,216 |
16,027 |
39,542 |
|
其他收益/(损失) |
|
20,673 |
5,337 |
8,410 |
(2,838) |
|
|
|
|
|
|
|
|
成本和营业费用 |
6,18 |
(621,834) |
(903,108) |
(228,873) |
(316,441) |
|
利息开支 |
|
(344,431) |
(451,521) |
(123,957) |
(158,937) |
|
交易费用 |
|
(20,078) |
(21,418) |
(7,238) |
(8,009) |
|
货物和服务成本 |
|
(108,085) |
(212,147) |
(40,749) |
(76,449) |
|
科技与产品开发 |
|
(60,079) |
(80,212) |
(22,138) |
(27,538) |
|
销售和市场营销 |
|
(13,802) |
(31,058) |
(5,073) |
(10,651) |
|
总管理费用 |
|
(18,194) |
(22,458) |
(6,515) |
(7,293) |
|
拨备费用 |
7 |
(57,165) |
(84,294) |
(23,203) |
(27,564) |
|
|
|
|
|
|
|
|
税前净利润 |
|
720,863 |
898,697 |
279,563 |
333,313 |
|
|
|
|
|
|
|
|
所得税 |
8 |
(120,086) |
(158,264) |
(47,071) |
(58,937) |
|
|
|
|
|
|
|
|
净利润 |
|
600,777 |
740,433 |
232,492 |
274,376 |
|
|
|
|
|
|
|
|
归属于： |
|
|
|
|
|
|
公司股东 |
|
597,073 |
727,843 |
231,156 |
269,693 |
|
非控制权益 |
|
3,704 |
12,590 |
1,336 |
4,683 |
|
净利润 |
|
600,777 |
740,433 |
232,492 |
274,376 |
|
|
|
|
|
|
|
|
每股收益 |
|
|
|
|
|
|
基本(KZT) |
9 |
3,143 |
3,835 |
1,218 |
1,419 |
|
稀释(KZT) |
9 |
3,116 |
3,806 |
1,207 |
1,409 |
|
3
股份公司Kaspi.kz
其他综合收益的中期简明合并财务报表
截至2023年和2024年9月30日三个月和九个月（未经审计）
(以KZT千万计)
|
九个月结束 |
三个月之内结束 |
||
|
30九月 2023 |
30九月 2024 |
30九月 2023 |
30九月 2024 |
净利润 |
600,777 |
740,433 |
232,492 |
274,376 |
|
|
|
|
|
其他全面收益 |
|
|
|
|
不会重新分类至损益的项目: |
|
|
|
|
以公允价值计量且其变动计入其他综合收益的权益工具投资再估值准备金的变动 |
67 |
48 |
48 |
10 |
可能随后重新分类为利润或损失的项目： |
|
|
|
|
以公允价值计量且其变动计入其他综合收益的债务工具投资再估值准备金的变动： |
|
|
|
|
净额，税后KZt 0 |
14,334 |
8,197 |
(2,458) |
28,218 |
计入损益的预期信用损失/（回收） |
720 |
(278) |
536 |
(19) |
净额，税后KZt 0 |
3,116 |
1,600 |
2,015 |
22 |
汇率期货变动导致的外国业务翻译差异 |
(59) |
408 |
(247) |
799 |
|
|
|
|
|
本期其他综合收益/(亏损) |
18,178 |
9,975 |
(106) |
29,030 |
|
|
|
|
|
综合收益总额 |
618,955 |
750,408 |
232,386 |
303,406 |
归属于： |
|
|
|
|
公司股东 |
615,060 |
737,713 |
231,051 |
298,418 |
非控制权益 |
3,895 |
12,695 |
1,335 |
4,988 |
综合收益总额 |
618,955 |
750,408 |
232,386 |
303,406 |
4
股份公司Kaspi.kz
基本报表2024年6月30日的中期集中资产负债表。
截至2023年12月31日和2024年9月30日（未经审计）
（单位：百万KZt，每股收益以KZT计）
|
票据 |
31 December 2023 |
30九月 2024 |
资产: |
|
|
|
现金及现金等价物 |
10 |
820,466 |
506,634 |
与哈萨克斯坦国家银行的强制性现金余额 |
|
47,110 |
52,679 |
来自银行的到期款 |
17 |
30,683 |
35,050 |
投资证券和衍生产品 |
11,17 |
1,377,772 |
1,431,290 |
向客户贷款 |
12,17,18 |
4,235,957 |
5,244,716 |
财产、设备和无形资产 |
|
174,346 |
205,224 |
其他 |
18 |
135,598 |
145,018 |
|
|
|
|
资产总计 |
|
6,821,932 |
7,620,611 |
|
|
|
|
负债和股东权益 |
|
|
|
|
|
|
|
负债： |
|
|
|
由于银行 |
13,17 |
154 |
50,927 |
客户账户 |
14,17,18 |
5,441,456 |
5,959,138 |
发行的债务证券 |
17 |
99,468 |
49,831 |
从属债务 |
17 |
62,369 |
60,910 |
其他负债 |
18 |
115,272 |
124,257 |
|
|
|
|
负债合计 |
|
5,718,719 |
6,245,063 |
|
|
|
|
股本： |
|
|
|
已发行股本 |
15 |
130,144 |
130,144 |
库藏股 |
15 |
(152,001) |
(151,521) |
股本溢价 |
|
506 |
506 |
金融资产重估准备及其他储备 |
|
9,719 |
19,589 |
股份支付费用准备 |
16 |
34,810 |
26,477 |
保留盈余 |
|
1,054,945 |
1,314,913 |
归属于公司股东的股东权益总额 |
|
1,078,123 |
1,340,108 |
非控制权益 |
|
25,090 |
35,440 |
总股本 |
|
1,103,213 |
1,375,548 |
|
|
|
|
负债和所有者权益总计 |
|
6,821,932 |
7,620,611 |
5
股份公司Kaspi.kz
基本报表在2024年6月30日和2023年12月31日，股权变动及权益变动的中期集中报表。
截至2023年和2024年9月30日的九个月（未经审计）
(以KZT千万计)
|
已发行股本 |
库藏股 |
其他已付 |
金融资产重估准备和其他准备金 |
股份支付费用准备 |
保留盈余 |
归属于母公司股东的权益合计 |
非控制权益 |
股东权益总计 |
|
130,144 |
(94,058) |
506 |
(9,201) |
29,274 |
762,500 |
819,165 |
6,524 |
825,689 |
净收入 |
- |
- |
- |
- |
- |
597,073 |
597,073 |
3,704 |
600,777 |
其他综合收益 |
- |
- |
- |
17,987 |
- |
- |
17,987 |
191 |
18,178 |
总综合收益 |
- |
- |
- |
17,987 |
- |
597,073 |
615,060 |
3,895 |
618,955 |
收购附属公司，其非控制权益 |
- |
- |
- |
- |
- |
(2,080) |
(2,080) |
2,080 |
- |
3,341,700 |
- |
- |
- |
- |
- |
(399,067) |
(399,067) |
- |
(399,067) |
附属公司向非控制权益宣布的分红 |
- |
- |
- |
- |
- |
- |
- |
(2,548) |
(2,548) |
股票期权累计 |
- |
- |
- |
- |
11,651 |
- |
11,651 |
- |
11,651 |
股份认购期权行权 |
- |
2,760 |
- |
- |
(15,323) |
12,563 |
- |
- |
- |
股票回购计划 |
- |
(45,234) |
- |
- |
- |
- |
(45,234) |
- |
(45,234) |
2023年9月30日的余额 |
130,144 |
(136,532) |
506 |
8,786 |
25,602 |
970,989 |
999,495 |
9,951 |
1,009,446 |
2023年12月31日结余 |
130,144 |
(152,001) |
506 |
9,719 |
34,810 |
1,054,945 |
1,078,123 |
25,090 |
1,103,213 |
净收入 |
- |
- |
- |
- |
- |
727,843 |
727,843 |
12,590 |
740,433 |
其他综合收益 |
- |
- |
- |
9,870 |
- |
|
9,870 |
105 |
9,975 |
总综合收益 |
- |
- |
- |
9,870 |
- |
727,843 |
737,713 |
12,695 |
750,408 |
3,341,700 |
- |
- |
- |
- |
- |
(484,542) |
(484,542) |
- |
(484,542) |
子公司向非控股权益宣布的分红 |
- |
- |
- |
- |
- |
- |
- |
(2,345) |
(2,345) |
股票期权已积累 |
- |
- |
- |
- |
11,666 |
|
11,666 |
- |
11,666 |
股份认购期权行权 |
- |
3,332 |
- |
- |
(19,999) |
16,667 |
- |
- |
- |
股票回购计划 |
- |
(2,852) |
- |
- |
- |
- |
(2,852) |
- |
(2,852) |
2024年9月30日的余额 |
130,144 |
(151,521) |
506 |
19,589 |
26,477 |
1,314,913 |
1,340,108 |
35,440 |
1,375,548 |
6
股份公司Kaspi.kz
中期简明合并现金流量表（续）
截至2023年和2024年9月30日的九个月（未经审计）
(以KZT千万计)
|
九个月 时间段为 30九月 2023 |
|
九个月 时间段为 30九月 2024 |
经营活动产生的现金流量： |
|
|
|
从向客户贷款中获得的利息 |
424,259 |
|
585,592 |
其他利息收入 |
57,208 |
|
139,913 |
支付的利息 |
(330,833) |
|
(439,598) |
个人存款强制保险支出 |
(7,604) |
|
(9,608) |
净费用收入 |
682,431 |
|
917,119 |
零售营业收入已收取 |
37,133 |
|
115,216 |
销售与营销支出已支付 |
(13,622) |
|
(30,936) |
其他收入 |
21,289 |
|
4,955 |
交易费用已支付 |
(20,078) |
|
(21,418) |
购买的货物和服务成本 |
(106,714) |
|
(211,041) |
支付的科技与产品开发支出 |
(50,907) |
|
(54,504) |
支付的一般与行政支出 |
(11,519) |
|
(15,856) |
经营活动产生的现金流量（未计算经营资产和负债变动前情况） |
681,043 |
|
979,834 |
|
|
|
|
营运资产和负债的变化 |
|
|
|
营运资产减少/(增加)： |
|
|
|
与NBRK的强制性现金结存 |
(4,014) |
|
(5,569) |
来自银行的到期款 |
(3,425) |
|
(5,977) |
以公允价值计量的金融资产 |
3,303 |
|
(889) |
向客户贷款 |
(669,550) |
|
(1,077,308) |
其他 |
(31,311) |
|
(4,605) |
营运负债增加/(减少)： |
|
|
|
由于银行 |
(11,368) |
|
50,679 |
客户账户 |
813,091 |
|
495,210 |
公允价值计量下的金融负债 |
881 |
|
438 |
其他负债 |
1,847 |
|
(5,634) |
税前营业活动现金流入 |
780,497 |
|
426,179 |
所缴纳所得税 |
(110,435) |
|
(130,634) |
经营活动产生的净现金流入 |
670,062 |
|
295,545 |
投资活动产生的现金流量： |
|
|
|
购买的房地产、设备和无形资产 |
(43,301) |
|
(64,716) |
处置固定资产所获得的收益 |
155 |
|
273 |
按公平价值计量且其它综合收益中确认的投资证券处置收益 |
1,751,639 |
|
513,137 |
购买公允价值计量且其它综合收益中确认的投资证券 |
(1,976,849) |
|
(527,586) |
子公司收购，扣除取得的现金及现金等价物 |
(4,820) |
|
- |
|
|
|
|
投资活动现金流出净额 |
(273,176) |
|
(78,892) |
7
股份公司Kaspi.kz
中期简明合并现金流量表（续）
截至2023年和2024年9月30日的九个月（未经审计）
(以KZT千万计)
|
九个月 结束 9月30日 2023 |
|
九个月 结束 9月30日 2024 |
|
|
|
|
筹资活动产生的现金流量： |
|
|
|
分红派息 |
(399,067) |
|
(484,542) |
子公司支付给非控股权益的分红派息 |
(2,548) |
|
(2,345) |
购买公司库存股 |
(45,234) |
|
(2,852) |
偿还发行的债务证券 |
(41,261) |
|
(51,195) |
偿还次级债务 |
(5,300) |
|
- |
基本报表显示的筹资活动现金流量流出净额 |
(493,410) |
|
(540,934) |
|
|
|
|
外汇汇率变动对现金及现金等价物的影响 |
9,679 |
|
10,449 |
|
|
|
|
现金及现金等价物净减少额 |
(86,845) |
|
(313,832) |
|
|
|
|
现金及现金等价物期初余额 |
615,360 |
|
820,466 |
|
|
|
|
期末现金及现金等价物余额 |
528,515 |
|
506,634 |
8
股份公司Kaspi.kz
中期简明综合财务信息注释（续）
2024年9月30日止九个月（未经审计）
(以KZT千万计)
概览
Kaspi.kz股份公司运营双面超级应用业务模式：Kaspi.kz面向消费者的超级应用和Kaspi Pay面向商家和企业家的超级应用。我们的产品包括支付、市场和金融科技解决方案，旨在满足消费者和商家的需求。我们的业务模式得到了高度认可的品牌和不断创新的产品的支持，产生了强大的网络效应，从而在所有平台实现增长和良好的财务业绩。
Kaspi.kz板块
我们的业务板块报告基于我们的三大业务平台:
9
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
关于公司集团的信息
股份有限公司Kaspi.kz（“公司”或“集团”）于2008年在哈萨克斯坦共和国注册成立。该公司受哈萨克斯坦共和国国家银行（“NBRK”）和哈萨克斯坦共和国金融市场监管与发展局的监管。公司的注册地址为哈萨克斯坦共和国阿拉木图市Nauryzbai Batyr街154A，邮政编码050013。
自2023年12月31日以来，集团结构没有显著变化。
股东情况如下：
|
12月31日 2023 % |
|
9月30日 2024 % |
贝尔基金* |
27.53 |
|
24.97 |
Mikheil Lomtadze |
24.67 |
|
22.60 |
维亚切斯拉夫·金 |
23.47 |
|
21.40 |
公众投资者 |
20.92 |
|
27.38 |
管理 |
3.41 |
|
3.65 |
|
|
|
|
总计 |
100.00 |
|
100.00 |
*截至2023年12月31日和2024年9月30日，亚洲股权合伙有限公司分别持有21.06%和9.02%的总股份，金融科技合伙有限公司分别持有0%和9.5%的总股份，贝瑞金融科技网络有限公司分别持有6.47%和6.45%的总股份，代表所有基金类型
该中期简明合并基本报表于2024年10月29日获得批准。
该中期简明合并基本报表是根据国际会计准则（“IAS”）第34号编制的， 中间期财务报告（IAS 34）该中期简明合并基本报表是基于集团持续经营的假设编制的，因为集团具备继续控件的资源，至少可以持续到未来12个月。在做出这一评估时，管理层考虑了与当前和未来经济状况相关的广泛信息，包括现金流、利润和资本资源的预测。
该中期简明合并基本报表未包含年度合并基本报表中所需的所有信息和披露。集团省略了那些会实质性重复2023年根据国际财务报告准则（“IFRS”）编制的经审计年度合并基本报表中所含信息的披露，例如会计政策和账户明细，这些内容在数量或组成上没有发生重大变化。
10
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
集团在编制中期简明合并基本报表时使用的期末汇率如下：
|
12月31日 2023 |
|
9月30日 2024 |
|
|
|
|
哈萨克斯坦坚戈/美元 |
454.56 |
|
481.19 |
哈萨克斯坦坚戈/eur |
502.24 |
|
538.45 |
本中期简明合并财务信息是根据历史成本惯例编制的，但对某些物业和金融工具进行了重估。
本中期简明合并财务信息遵循与截至2023年12月31日集团合并基本报表编制时所采用的相同会计政策、展示和计算方法。
新修订准则的采纳
本年度有效的新修订国际财务报告准则
以下修订及财报解读将于集团自
2024年1月1日起生效：
国际财务报告准则S2 气候相关披露 |
2024年1月1日 |
国际财务报告准则S1 可持续性相关财务信息披露的通用要求 |
2024年1月1日 |
负债的分类为流动负债或非流动负债（国际会计准则第1号修订） |
2024年1月1日 |
负债分类为流动负债或非流动负债 — 推迟生效日期（对国际会计准则第1号的修订） |
2024年1月1日 |
上述标准和解释已由集团管理层审核，并确定对集团的合并基本报表没有重大影响。
新发布和修订的国际财务报告准则（IFRS）尚未生效
在授权本财务信息之日，集团尚未应用以下新发布和修订的国际财务报告准则，这些准则已发布但尚未生效：
新发布或修订的标准或解释 |
适用于年度报告期间 自以下日期或之后开始 |
对国际财务报告准则第16号的修订 - 销售及租回中的租赁负债 |
2024年1月1日 |
对国际会计准则第1号的修订 – 含有契约的非流动负债 |
2024年1月1日 |
管理层不认为上述标准的采用会对集团未来期间的压缩合并基本报表产生重大影响。
11
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
营业收入包括手续费收入、利息收入、零售收入、奖励和其他收益。集团零售客户获得的奖励将从营业收入中扣除。
|
九个月 结束 9月30日 2023 |
九个月 结束 9月30日 2024 |
三个月 结束 9月30日 2023 |
三个月 结束 9月30日 2024 |
|
|
|
|
|
收入 |
1,342,697 |
1,801,805 |
508,436 |
649,754 |
收费收入 |
710,162 |
946,900 |
276,318 |
342,212 |
利息收入 |
602,604 |
773,757 |
217,166 |
283,620 |
零售收入 |
37,133 |
115,216 |
16,027 |
39,542 |
奖励 |
(27,875) |
(39,405) |
(9,485) |
(12,782) |
其他收益/(损失) |
20,673 |
5,337 |
8,410 |
(2,838) |
按业务部门划分的营业收入如下：
|
九个月 结束 9月30日 2023 |
九个月 结束 9月30日 2024 |
三个月 结束 9月30日 2023 |
三个月 结束 9月30日 2024 |
支付 |
339,014 |
421,293 |
124,873 |
155,980 |
支付费用营业收入 |
260,788 |
328,450 |
97,009 |
121,027 |
利息收入 |
78,226 |
92,843 |
27,864 |
34,953 |
|
|
|
|
|
购物中心 |
283,566 |
497,996 |
125,250 |
178,940 |
市场费用营业收入 |
243,479 |
379,858 |
108,158 |
137,377 |
零售收入 |
37,133 |
115,216 |
16,027 |
39,542 |
其他收益 |
2,954 |
1,040 |
1,065 |
139 |
利息收入 |
- |
1,882 |
- |
1,882 |
|
|
|
|
|
金融科技 |
747,992 |
929,691 |
267,798 |
331,605 |
利息收入 |
524,378 |
680,757 |
189,302 |
248,510 |
金融科技费用营业收入 |
205,895 |
244,637 |
71,151 |
86,072 |
其他收益/(损失) |
17,719 |
4,297 |
7,345 |
(2,977) |
Intergroup |
- |
(7,770) |
- |
(3,989) |
营业收入 |
1,370,572 |
1,841,210 |
517,921 |
662,536 |
奖励 |
(27,875) |
(39,405) |
(9,485) |
(12,782) |
收入 |
1,342,697 |
1,801,805 |
508,436 |
649,754 |
截至2024年9月30日的九个月内，内部集团代表了市场费用收入，抵消了吸引金融科技汽车贷款客户的市场营销费用。此外，内部集团还包括由于将自由现金流存入银行的定期存款而产生的市场和支付平台的利息收入，这被金融科技的利息支出所抵消。
其他收益/(损失)主要是外汇操作的净收益和金融资产及负债的净收益。截至2023年和2024年9月30日的九个月内，外汇操作的净收益分别为 KZt 1081700万 和 KZt 184400万。截止2023年和2024年9月30日的三个月内，外汇操作的净收益分别为 KZt 625100万 和 KZt 39900万。
12
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
截至2023年9月30日和2024年9月30日的九个月内，金融资产和负债的净收益分别为KZt 653500万和KZt 178100万。 截至2023年9月30日和2024年9月30日的三个月内，按公允价值计入损益的金融资产和负债的净收益/(损失)分别为KZt 100000万和KZt (3,555)百万。
以下表格中分别按照收入确认的时间展示了手续费收入和零售收入：
|
九个月 结束 9月30日 2023 |
九个月 结束 9月30日 2024 |
三个月 结束 9月30日 2023 |
三个月 结束 9月30日 2024 |
按照时间点转移的商品和服务 |
521,912 |
799,552 |
214,435 |
289,500 |
支付费用收入 - 交易收入 |
241,300 |
304,478 |
90,250 |
112,581 |
市场平台费用收入 - 卖方费用 |
243,479 |
379,858 |
108,158 |
137,377 |
零售收入 |
37,133 |
115,216 |
16,027 |
39,542 |
随着时间的推移转移的货物和服务 |
225,383 |
268,609 |
77,910 |
94,518 |
支付费用收入 - 会员收入 |
19,488 |
23,972 |
6,759 |
8,446 |
金融科技费用收入 - 会员收入 |
2,375 |
2,589 |
847 |
869 |
金融科技费用收入 - 金融科技银行服务费用 |
203,520 |
242,048 |
70,304 |
85,203 |
总费用和零售营业收入 |
747,295 |
1,068,161 |
292,345 |
384,018 |
集团将其业务报告为三个营业部门。
以下表格呈现每个部门的营业收入和净利润摘要：
|
九个月 结束 9月30日 2023 |
九个月 结束 9月30日 2024 |
三个月 结束 9月30日 2023 |
三个月 结束 9月30日 2024 |
|
|
|
|
|
细分营业收入 |
1,370,572 |
1,841,210 |
517,921 |
662,536 |
支付 |
339,014 |
421,293 |
124,873 |
155,980 |
购物中心 |
283,566 |
497,996 |
125,250 |
178,940 |
金融科技 |
747,992 |
929,691 |
267,798 |
331,605 |
Intergroup |
- |
(7,770) |
- |
(3,989) |
|
|
|
|
|
净利润 |
600,777 |
740,433 |
232,492 |
274,376 |
支付 |
219,531 |
272,195 |
81,939 |
102,551 |
购物中心 |
160,474 |
232,761 |
73,862 |
83,873 |
金融科技 |
220,772 |
235,477 |
76,691 |
87,952 |
经营部门是根据集团如何日常管理业务及提供的产品和服务类型来识别的。经营部门的报告方式与内部报告一致，这些报告由管理委员会审阅并使用（管理委员会被认定为首席经营决策者，即“CODM”）。每个经营部门的经营业绩指标是营业收入和净利润。
13
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
截至2023年和2024年9月30日的九个月内，从营业收入中扣除的成本和营业费用包括利息支出分别为KZt 34443100万和KZt 45152100万，预备费用分别为KZt 5716500万和KZt 8429400万，均归因于金融科技部门，还包括各业务领域共同确认的股份报酬费用和其他费用。
管理层认为，其他业务领域的费用对于分析我们持续经营并不重要。
以下表格呈现了按业务领域划分的股份报酬费用摘要：
|
九个月 结束 9月30日 2023 |
九个月 结束 9月30日 2024 |
三个月 结束 9月30日 2023 |
三个月 结束 9月30日 2024 |
|
|
|
|
|
股权基础补偿 |
(11,651) |
(11,666) |
(3,952) |
(3,888) |
支付 |
(3,775) |
(4,405) |
(1,262) |
(1,470) |
购物中心 |
(1,194) |
(1,506) |
(398) |
(510) |
金融科技 |
(6,682) |
(5,755) |
(2,292) |
(1,908) |
|
|
|
|
|
|
九个月 结束 9月30日 2023 |
九个月 结束 9月30日 2024 |
三个月 结束 9月30日 2023 |
三个月 结束 9月30日 2024 |
|
|
|
|
|
成本和营业费用 |
(621,834) |
(903,108) |
(228,873) |
(316,441) |
利息支出 |
(344,431) |
(451,521) |
(123,957) |
(158,937) |
交易费用 |
(20,078) |
(21,418) |
(7,238) |
(8,009) |
货物和服务成本 |
(108,085) |
(212,147) |
(40,749) |
(76,449) |
科技与产品开发 |
(60,079) |
(80,212) |
(22,138) |
(27,538) |
销售和市场营销 |
(13,802) |
(31,058) |
(5,073) |
(10,651) |
总管理费用 |
(18,194) |
(22,458) |
(6,515) |
(7,293) |
预提费用（注7） |
(57,165) |
(84,294) |
(23,203) |
(27,564) |
利息费用包括客户账户利息、零售存款强制保险的利息费用以及债务证券利息费用，包括次级债务和对银行的到期款项
交易费用主要由与接受、处理和促进支付交易相关的成本组成。这些成本包括支付处理商、支付网络和各种服务提供商支付的费用
货物和服务成本包括为运营零售网络、24小时来电支持和与客户沟通、产品包装和交付以及其他可以归属于集团与产品和服务相关的营运活动的成本。这还包括我们为消费品支付的价格，随后销售产生零售收入的产品
技术与产品开发包括与新产品研发以及现有产品和服务的维护相关的员工和承包商成本，产品和服务的开发、设计、数据科学和维护，以及基础设施成本。基础设施成本包括服务器、网络设备、idc概念、kartomats、postomats 和支付设备的折旧、租金、水电费和其他费用
14
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
这些费用对于支持我们的科技和平台是必要的。总体而言，这些成本反映了我们为向客户提供各种产品和服务而进行的投资。
销售和市场营销主要包括在线和离线广告费用、促销费用、员工成本以及为吸引或留住消费者和商家而直接发生的其他费用。还包括我们的慈善和赞助活动。
一般和管理费用主要包括为支持我们的业务而发生的成本，包括法律、人力资源、财务、风险、合规、执行、专业服务费用、办公设施及其他支持职能。
员工福利、折旧和摊销费用以及经营租赁费用如下所示：
|
截至九个月 2023年9月30日 |
截至九个月 2024年9月30日 |
|||||
|
员工福利 |
折旧与摊销 |
营业 |
|
员工福利 |
折旧与摊销 |
经营租赁 |
货物和服务成本 |
(16,665) |
(237) |
(939) |
|
(21,233) |
- |
(955) |
科技与产品开发 |
(28,011) |
(15,854) |
(2,426) |
|
(40,292) |
(18,374) |
(4,050) |
销售和市场营销 |
(1,254) |
- |
(85) |
|
(2,126) |
- |
(114) |
总管理费用 |
(11,755) |
(2,630) |
(257) |
|
(12,713) |
(2,953) |
(736) |
总计 |
(57,685) |
(18,721) |
(3,707) |
|
(76,364) |
(21,327) |
(5,855) |
|
截至三个月 2023年9月30日 |
截至三个月 2024年9月30日 |
|||||
|
员工福利 |
折旧与摊销 |
营业 |
|
员工福利 |
折旧和摊销 |
经营租赁 |
货物和服务成本 |
(5,682) |
- |
(290) |
|
(7,364) |
- |
(329) |
科技与产品开发 |
(9,872) |
(6,249) |
(896) |
|
(13,846) |
(6,217) |
(1,503) |
销售和市场营销 |
(438) |
- |
(26) |
|
(733) |
- |
(45) |
总管理费用 |
(4,049) |
(891) |
(132) |
|
(4,195) |
(1,031) |
(220) |
总计 |
(20,041) |
(7,140) |
(1,344) |
|
(26,138) |
(7,248) |
(2,097) |
与股票基础补偿相关的费用在补偿接受者所任职的各个职能中进行确认。下表列出了所指期间按职能分类的股票基础补偿费用分析：
|
九个月 结束 9月30日 2023 |
九个月 结束 30 九月 2024 |
三个月 结束 30 九月 2023 |
三个月 结束 30 九月 2024 |
|
|
|
|
|
股权基础补偿 |
(11,651) |
(11,666) |
(3,952) |
(3,888) |
货物和服务成本 |
(988) |
(988) |
(330) |
(330) |
科技与产品开发 |
(5,192) |
(6,705) |
(1,696) |
(2,235) |
销售和市场营销 |
(377) |
(406) |
(125) |
(136) |
总管理费用 |
(5,094) |
(3,567) |
(1,801) |
(1,187) |
15
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
2023年9月30日止九个月的减值准备变动情况如下：
|
贷款给客户 |
来自银行的到期款 |
|
以公允价值计量的其他综合收益金融资产 |
|
现金及现金等价物 |
|
其他 |
|
应急情况 |
|
总计 |
|||||
|
阶段 1 |
阶段 2 |
阶段 3 |
POCI |
阶段 1 |
|
阶段 1 |
阶段 2 |
第三阶段 |
|
阶段 1 |
|
阶段 3 |
|
阶段 1 |
|
|
截至ECL的减值准备 |
67,604 |
11,785 |
135,313 |
- |
6 |
|
82 |
656 |
- |
|
3 |
|
7,794 |
|
39 |
|
223,282 |
减值准备变动 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-转入第1阶段 |
14,411 |
(1,737) |
(12,674) |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
- |
-转入第2阶段 |
(8,382) |
13,579 |
(5,197) |
- |
- |
|
(1) |
1 |
|
|
- |
|
- |
|
- |
|
- |
-转入第3阶段 |
(13,518) |
(8,204) |
21,722 |
- |
- |
|
|
(530) |
530 |
|
- |
|
- |
|
- |
|
- |
由于信用风险参数变化而产生的净变动 |
(26,163) |
1,385 |
46,641 |
70 |
7 |
|
(3) |
39 |
656 |
|
3 |
|
1,322 |
|
(5) |
|
23,952 |
新资产发行或收购 |
57,322 |
- |
- |
- |
- |
|
28 |
|
|
|
- |
|
- |
|
- |
|
57,350 |
偿还资产（除计提减值准备外） |
(27,703) |
(1,473) |
(9,518) |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
(38,694) |
修改效应 |
- |
- |
14,557 |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
14,557 |
对合并利润表的总体影响 |
3,456 |
(88) |
51,680 |
70 |
7 |
|
25 |
39 |
656 |
|
3 |
|
1,322 |
|
(5) |
|
57,165 |
核销后的收回款净额 |
- |
- |
(43,134) |
- |
- |
|
- |
- |
- |
|
- |
|
(3,737) |
|
- |
|
(46,871) |
汇率期货差额 |
- |
- |
(1) |
- |
- |
|
- |
- |
- |
|
- |
|
(48) |
|
- |
|
(49) |
截至2023年9月30日 |
63,571 |
15,335 |
147,709 |
70 |
13 |
|
106 |
166 |
1,186 |
|
6 |
|
5,331 |
|
34 |
|
233,527 |
16
股份公司Kaspi.kz
中期简明合并基本报表附注（续）
截至2024年9月30日的九个月（未经审核）
(以KZT千万计)
截至2024年9月30日的九个月内，损失准备的变动情况如下：
|
贷款给客户 |
应收款项 银行 |
|
以公允价值计量的其他综合收益金融资产 |
|
现金及现金 等值物 |
|
其他 |
|
应急情况 |
|
总计 |
|||||
|
阶段 1 |
阶段 2 |
阶段 3 |
POCI |
阶段 1 |
|
阶段 1 |
阶段 2 |
阶段 3 |
|
阶段 1 |
|
阶段 3 |
|
阶段 1 |
|
|
截止至2023年12月31日的预期信用损失准备金 |
59,939 |
16,290 |
166,042 |
261 |
6 |
|
114 |
158 |
1,136 |
|
23 |
|
5,640 |
|
35 |
|
249,644 |
减值准备变动 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 转入阶段1 |
25,849 |
(4,343) |
(21,506) |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
- |
- 转入阶段2 |
(9,409) |
17,655 |
(8,246) |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
- |
- 转入阶段3 |
(21,498) |
(8,158) |
29,656 |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
- |
由于信用风险参数变动而导致的净变动 |
(29,401) |
2,882 |
50,637 |
1,152 |
1 |
|
167 |
(18) |
(548) |
|
39 |
|
1,468 |
|
(11) |
|
26,368 |
新发行或获得的资产 |
69,082 |
- |
- |
- |
- |
|
120 |
- |
- |
|
- |
|
- |
|
- |
|
69,202 |
偿还的资产（除注销外） |
(24,238) |
(1,300) |
(8,208) |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
(33,746) |
修改效果 |
- |
- |
22,470 |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
22,470 |
对综合损益表的总影响 |
15,443 |
1,582 |
64,899 |
1,152 |
1 |
|
287 |
(18) |
(548) |
|
39 |
|
1,468 |
|
(11) |
|
84,294 |
注销，扣除回收款项后 |
|
|
(44,175) |
- |
- |
|
- |
- |
- |
|
- |
|
565 |
|
- |
|
(43,610) |
汇率期货差额 |
|
|
(3) |
- |
- |
|
- |
- |
- |
|
- |
|
- |
|
- |
|
(3) |
截止2024年9月30日 |
70,324 |
23,026 |
186,667 |
1,413 |
7 |
|
401 |
140 |
588 |
|
62 |
|
7,673 |
|
24 |
|
290,325 |
由于贷款部分偿还导致的信用风险参数变化所产生的净变动，包括拨备的减少。
截至2023年12月31日和2024年9月30日，金融资产公允价值变动计入其他综合收益的减值损失准备为KZt 140800万和
KZt 112900万，分别计入权益中的“金融资产重估准备和其他储备”。
在截至2024年9月30日的九个月期间，集团对其准备金方法进行了修订，根据该修订，逾期1080天后无法合理预计能追回 有担保的违约汽车贷款。因此，汽车贷款在逾期超过1080天时将被全额冲销。该政策对以前期间的影响不大。
17
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
The Group provides for taxes for the current period based on the tax accounts maintained and prepared in accordance with the respective tax regulations of the Republic of Kazakhstan, the Republic of Azerbaijan, Ukraine and Uzbekistan, where the Company and its subsidiaries operate and which may differ from IFRS.
The Group is subject to certain permanent tax differences due to non-tax deductibility of certain expenses and a tax-free regime for certain income.
Deferred taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. Temporary differences relate mostly to different methods of income and expense recognition as well as to recorded values of certain assets.
Deferred income tax liabilities comprise:
|
31 December 2023 |
30 September 2024 |
|
|
|
Vacation reserve, accrued bonuses and share-based compensation |
1,242 |
975 |
Property, equipment and intangible assets |
(4,012) |
(3,729) |
Other |
527 |
(843) |
Net deferred tax liability |
(2,243) |
(3,597) |
Relationships between net income before tax and income tax expenses are explained as follows:
|
Nine months ended 30 September 2023 |
Nine months ended 30 September 2024 |
Three months ended 30 September 2023 |
Three months ended 30 September 2024 |
Net income before tax |
720,863 |
898,697 |
279,563 |
333,313 |
Tax at the statutory tax rate of 20% |
(144,173) |
(179,739) |
(55,913) |
(66,662) |
Non-taxable income |
29,120 |
25,017 |
10,511 |
8,578 |
Non-deductible expense |
(5,033) |
(3,542) |
(1,669) |
(853) |
|
|
|
|
|
Income tax expense |
(120,086) |
(158,264) |
(47,071) |
(58,937) |
|
|
|
|
|
Current income tax expense |
(121,373) |
(156,910) |
(47,153) |
(58,661) |
Deferred income tax benefit/(expense) |
1,287 |
(1,354) |
82 |
(276) |
Income tax expense |
(120,086) |
(158,264) |
(47,071) |
(58,937) |
Non-taxable income was represented by interest income on governmental and other qualified securities in accordance with the tax legislation. Statutory income tax rate is 20% in Kazakhstan and Azerbaijan, 18% in Ukraine and 15% in Uzbekistan.
|
30 September 2023 |
30 September 2024 |
Net deferred tax liability: |
|
|
Balance at 31 December |
(3,205) |
(2,243) |
Change in deferred income tax balances recognised in profit or loss |
1,287 |
(1,354) |
At the end of the period |
(1,918) |
(3,597) |
18
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
Earnings per share are determined by dividing the net income attributable to shareholders
of the Company by the weighted average number of common shares outstanding during the nine months ended 30 September 2024. For the purpose of diluted earnings per share calculation, the Group considers dilutive effects of share-based compensation.
|
30 September 2023 |
30 September 2024 |
Net income attributable to the shareholders of the Company |
597,073 |
727,843 |
Weighted average number of common shares for basic earnings per share |
189,976,406 |
189,770,380 |
Weighted average number of common shares for diluted earnings per share |
191,624,662 |
191,225,640 |
Earnings per share – basic (KZT) |
3,143 |
3,835 |
Earnings per share – diluted (KZT) |
3,116 |
3,806 |
Reconciliation of the number of shares used for basic and diluted earnings per share:
|
30 September |
30 September |
|
2023 |
2024 |
Weighted average number of common shares for basic earnings per share |
189,976,406 |
189,770,380 |
Number of potential common shares attributable to share-based compensation |
1,648,256 |
1,455,260 |
Weighted average number of common shares for diluted earnings per share |
191,624,662 |
191,225,640 |
|
31 December |
30 September 2024 |
|
|
|
Cash on hand |
259,639 |
165,548 |
Current accounts with other banks |
274,534 |
86,573 |
Short-term deposits with other banks |
216,217 |
254,513 |
Reverse repurchase agreements |
70,076 |
- |
|
|
|
Total cash and cash equivalents |
820,466 |
506,634 |
Cash on hand includes cash balances with ATMs and cash in transit.
As at 31 December 2023 and 30 September 2024, current accounts and short-term deposits with NBRK are KZT 90,098 million and KZT 191,301 million, respectively.
As at 31 December 2023 and 30 September 2024, the fair value of collateral of reverse repurchase agreements classified as cash and cash equivalents, are KZT 70,160 million and KZT Nil, respectively.
As at 31 December 2023 and 30 September 2024, restricted deposits included in due from banks with investment credit ratings (higher than ‘BBB-‘) in favor of international payments systems were KZT 27,357 million and KZT 31,905 million, respectively.
19
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
Investment securities and derivatives comprise:
|
31 December |
30 September 2024 |
|
|
|
Total financial assets at FVTOCI |
1,377,130 |
1,429,940 |
Total financial assets at FVTPL |
642 |
1,350 |
|
|
|
Total investment securities and derivatives |
1,377,772 |
1,431,290 |
|
|
|
|
|
|
Financial assets at FVTOCI comprise: |
31 December |
30 September 2024 |
|
|
|
Debt securities |
1,376,728 |
1,429,502 |
Equity investments |
402 |
438 |
|
|
|
Total financial assets at FVTOCI |
1,377,130 |
1,429,940 |
|
Interest |
31 December |
Interest |
30 September 2024 |
Debt securities |
|
|
|
|
Bonds of the Ministry of Finance of the Republic of Kazakhstan |
0.60-16.70 |
930,726 |
0.60-16.70 |
1,151,317 |
Corporate bonds |
2.00-15.88 |
252,946 |
2.00-15.88 |
275,400 |
Sovereign bonds of foreign countries |
0.63-3.50 |
1,687 |
0.63-4.00 |
2,785 |
Discount notes of the NBRK |
14.44 |
191,369 |
- |
- |
|
|
|
|
|
Total debt securities |
|
1,376,728 |
|
1,429,502 |
|
A- and higher |
|
BBB+ to BBB- |
|
BB+ to B- |
|
Not rated |
|
Total |
Debt securities as at 31 December 2023 |
33,681 |
|
1,335,500 |
|
4,037 |
|
3,510 |
|
1,376,728 |
Debt securities as at 30 September 2024 |
37,053 |
|
1,314,508 |
|
4,615 |
|
73,326 |
|
1,429,502 |
Financial assets at FVTPL comprise:
|
31 December |
|
30 September 2024 |
|
|
|
|
Derivative financial instruments |
642 |
|
1,350 |
Total financial assets at FVTPL |
642 |
|
1,350 |
As at 30 September 2024, financial assets at FVTPL included swap and spot instruments of
KZT 43 million (2023: KZT 642 million) with a notional amount of KZT 235,707 million
(2023: KZT 165,555 million) and forwards of KZT 1,307 (2023: KZT Nil) with a notional amount of KZT 187,603 (2023: KZT Nil).
As at 30 September 2024, financial liabilities at FVTPL included swap and spot instruments of
KZT 217 million (2023: KZT 187 million) with a notional amount of KZT 240,083 million
(2023: KZT 164,686 million) and forwards of KZT 1,387 million (2023: KZT 978 million) with a notional amount of KZT 192,874 million (2023: KZT 14,739 million).
20
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
As at 31 December 2023 and 30 September 2024, investment securities were not pledged or somehow restricted, except for bonds of the Ministry of Finance of the Republic of Kazakhstan, notes of NBRK and corporate bonds pledged under repurchase agreements with other banks totaling KZT 154 million and KZT 22,384 million, respectively (Note 13).
|
31 December 2023 |
30 September 2024 |
|
|
|
Gross loans to customers |
4,478,489 |
5,526,146 |
Allowance for impairment losses (Note 7) |
(242,532) |
(281,430) |
|
|
|
Total loans to customers |
4,235,957 |
5,244,716 |
All loans to customers issued by the Group were allocated to the Fintech segment for internal segment reporting purposes.
Movements in allowances for impairment losses on loans to customers for the nine months ended 30 September 2023 and 2024 are disclosed in Note 7.
As at 31 December 2023 and 30 September 2024, accrued interest of KZT 46,207 million and
KZT 59,134 million, respectively, was included in loans to customers.
Loans with principal or accrued interest in arrears for more than 90 days are classified as
non-performing loans (“NPL”). These loans were classified in Stage 3. Allowance for impairment losses to NPLs reflects the Group’s total provision as a percentage of NPL’s. Considering the ratio represents allowance for impairment losses for all loans as a percentage of NPLs, the ratio can be more than 100%.
The following table sets forth the Group’s outstanding NPLs as compared to the total allowance for impairment losses on total loans to customers:
|
Gross NPLs |
Total allowance for impairment |
Total allowance for impairment losses to Gross NPLs |
|
|
|
|
As at 31 December 2023 |
244,161 |
242,532 |
99% |
As at 30 September 2024 |
310,958 |
281,430 |
91% |
21
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
Provision expenses on loans to customers:
|
Nine months ended 30 September 2023 |
Nine months ended 30 September 2024 |
Three months ended 30 September 2023 |
Three months ended 30 September 2024 |
Provision expenses on loans to customers: |
|
|
|
|
Loans to customers |
(55,118) |
(83,076) |
(22,569) |
(27,036) |
Total provision expenses on loans to customers |
(55,118) |
(83,076) |
(22,569) |
(27,036) |
The Group did not provide loans, which individually exceeded 10% of the Group’s equity.
The gross carrying amount and related allowance for impairment losses on loans to customers by stage were as follows:
|
Stage 1 |
Stage 2 |
Stage 3 |
|
|
|
12-month ECL |
Lifetime |
Lifetime |
POCI |
Total |
|
|
|
|
|
|
Gross loans to customers |
4,048,478 |
55,804 |
363,703 |
10,504 |
4,478,489 |
Allowance for impairment losses |
(59,939) |
(16,290) |
(166,042) |
(261) |
(242,532) |
Carrying amount as at 31 December 2023 |
3,988,539 |
39,514 |
197,661 |
10,243 |
4,235,957 |
|
Stage 1 |
Stage 2 |
Stage 3 |
|
|
|
12-month ECL |
Lifetime |
Lifetime |
POCI |
Total |
|
|
|
|
|
|
Gross loans to customers |
4,983,639 |
87,431 |
439,183 |
15,893 |
5,526,146 |
Allowance for impairment losses |
(70,324) |
(23,026) |
(186,667) |
(1,413) |
(281,430) |
Carrying amount as at 30 September 2024 |
4,910,731 |
(67,420) |
252,572 |
13,994 |
5,244,716 |
During the nine months ended 30 September 2023 and 2024, the Group has restructured loans to customers, which were classified as NPL, in the amount of KZT 71,877 million and
KZT 93,601 million, respectively, by providing an interest free extended repayment schedule. During the nine months ended 30 September 2023 and 2024, KZT 24,024 million and
KZT 41,577 million, respectively, of restructured loans were collected.
As at 31 December 2023 and 30 September 2024, the Group’s restructured loans in
Stage 3 amounted to the gross carrying amount of KZT 57,571 million and KZT 81,024 million, respectively.
As at 31 December 2023 and 30 September 2024, the Group’s restructured loans in Stage 2 amounted to the gross carrying amount of KZT 8,821 million and KZT 13,921 million, respectively.
As at 31 December 2023 and 30 September 2024, the Group’s restructured loans in Stage 1 amounted to the gross carrying amount of KZT 1,568 million and KZT 12,818 million, respectively.
As at 31 December 2023 and 30 September 2024, the Group’s restructured loans recognized as POCI amounted to the gross carrying amount of KZT 10,504 million and KZT 15,893 million, respectively.
22
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
|
31 December 2023 |
30 September 2024 |
Recorded at amortised cost: |
|
|
Time deposits of banks and other financial institutions |
- |
28,056 |
Repurchase agreements |
154 |
22,871 |
|
|
|
Total due to banks |
154 |
50,927 |
As at 31 December 2023 and 30 September 2024, accrued interest of KZT 1 million and KZT 94 million, respectively, was included in due to banks.
Fair value of securities pledged as collateral of repurchase agreements, which were classified as due to banks as at 31 December 2023 and 30 September 2024, amounted to KZT 154 million and KZT 22,384 million, respectively.
|
31 December 2023 |
30 September 2024 |
|
|
|
|
|
Individuals |
|
|
|
Term deposits |
4,316,825 |
4,880,422 |
|
Current accounts |
826,328 |
790,503 |
|
Total due to individuals |
5,143,153 |
5,670,925 |
|
|
|
|
|
Corporate customers |
|
|
|
Term deposits |
44,233 |
79,628 |
|
Current accounts |
254,070 |
208,585 |
|
Total due to corporate customers |
298,303 |
288,213 |
|
|
|
|
|
Total customer accounts |
5,441,456 |
5,959,138 |
|
As at 31 December 2023 and 30 September 2024, accrued interest of KZT 44,044 million and
KZT 51,008 million, respectively, was included in term deposits within customer accounts.
As at 31 December 2023 and 30 September 2024, customer accounts of KZT 60,260 million and
KZT 53,195 million, respectively, were held as security against loans to customers.
As at 31 December 2023 and 30 September 2024, customer accounts of KZT 97,806 million (1.80% of total customer accounts) and KZT 90,192 million (1.51% of total customer accounts), respectively, were due to the top twenty customers.
As at 31 December 2023 and 30 September 2024, customer accounts were predominately denominated in KZT, comprising 91% and 92%, respectively.
23
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
The table below provides a reconciliation of the change in the number of authorised shares, issued and fully paid shares, treasury shares and shares outstanding:
|
Authorised shares |
Issued and fully paid shares |
Treasury shares |
Shares outstanding |
|
|
|
|
|
Common shares |
|
|
|
|
|
|
|
|
|
1 January 2023 |
216,742,000 |
199,500,000 |
(9,190,030) |
190,309,970 |
GDR options exercised (Note 16) |
- |
- |
618,788 |
618,788 |
GDR buyback program |
- |
- |
(1,595,293) |
(1,595,293) |
|
|
|
|
|
31 December 2023 |
216,742,000 |
199,500,000 |
(10,166,535) |
189,333,465 |
|
|
|
|
|
GDR options exercised (Note 16) |
- |
- |
747,178 |
747,178 |
GDR buyback program |
- |
- |
(64,914) |
(64,914) |
30 September 2024 |
216,742,000 |
199,500,000 |
(9,484,271) |
190,015,729 |
During the years ended 31 December 2022, 2023 and nine months ended 30 September 2024, the Board of Directors approved nine separate GDR buyback programs.
The Group accounts for GDRs repurchased in Treasury Shares component of Share Capital.
One GDR represents one share.
The following table summarizes the details of the GDR buyback programs:
|
Start date |
|
Termination |
|
Number of GDRs acquired |
|
Total amount paid |
1st buy-back program |
22 April 2022 |
|
21 July 2022 |
|
998,429 |
|
22,841 |
2nd buy-back program |
22 July 2022 |
|
21 October 2022 |
|
788,153 |
|
21,325 |
3rd buy-back program |
22 October 2022 |
|
24 February 2023 |
|
1,131,380 |
|
38,474 |
4th buy-back program |
22 March 2023 |
|
21 July 2023 |
|
531,995 |
|
18,740 |
5th buy-back program |
22 July 2023 |
|
21 October 2023 |
|
283,689 |
|
12,614 |
6th buy-back program |
22 October 2023 |
|
16 January 2024 |
|
303,286 |
|
13,233 |
30 September 2024 |
|
|
|
|
4,036,932 |
|
127,227 |
The Group accounts for GDRs repurchased as treasury shares.
The table below provides a reconciliation of the change in outstanding share capital fully paid:
|
|
Issued and fully paid shares |
Treasury |
Total |
Balance at 1 January 2023 |
|
130,144 |
(94,058) |
36,086 |
GDR options exercised |
|
- |
2,760 |
2,760 |
GDR buyback program |
|
- |
(60,703) |
(60,703) |
Balance at 31 December 2023 |
|
130,144 |
(152,001) |
(21,857) |
GDR options exercised |
|
- |
3,332 |
3,332 |
GDR buyback program |
|
- |
(2,852) |
(2,852) |
Balance at 30 September 2024 |
|
130,144 |
(151,521) |
(21,377) |
24
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
The following tables represent dividends declared:
|
Dividends declared |
Dividend per share |
|
|
|
March 2023 |
269,365 |
KZT 1,350 |
September 2023 |
129,702 |
KZT 750 |
Total for the period ended 30 September 2023 |
399,067 |
|
|
Dividends declared |
Dividend per share |
|
|
|
February 2024 |
161,514 |
KZT 850 |
April 2024 |
161,514 |
KZT 850 |
August 2024 |
161,514 |
KZT 850 |
Total for the period ended 30 September 2024 |
484,542 |
|
In 2023, the share option program was expanded to include more senior executives and other core Group personnel. The share-based awards are used to attract, incentivize and retain employees over the long-term by the management of the Group.
Share-based compensation expense
According to IFRS 2, this accelerates the recognition of compensation expenses resulting in a higher proportion of expenses being recognized in the early years of overall plan.
|
|
30 September |
30 September 2024 |
|
|
|
|
Share-based compensation expense |
|
(11,651) |
(11,666) |
Share options |
|
(11,651) |
(11,666) |
GDR Options
The fair value of GDR options at the date of grant is determined using the Black-Scholes model. The fair value determined at the grant date is expensed over the five-year vesting period, based on the Group’s estimate of the number of GDR options that will eventually vest. Recipients of GDR options are entitled to receive dividends once GDR options vested and exercised.
The inputs into the Black-Scholes model are as follows:
|
31 December 2023 |
30 September 2024 |
|
|
|
Black-Scholes model inputs: |
|
|
Weighted average share price in USD |
67.3 |
67.3 |
Expected volatility |
42.4% |
42.4% |
Risk-free rate |
4.2% |
4.2% |
Dividend yield |
7.0% |
7.0% |
Expected volatility is based on the historical share price volatility over the past 3 years.
25
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
The following table summarizes the details of the GDR options outstanding:
|
31 December 2023 (GDRs) |
30 September 2024 (GDRs) |
Outstanding at the beginning of the period |
2,266,166 |
2,202,438 |
Granted |
564,800 |
- |
Forfeited |
(9,740) |
- |
Exercised |
(618,788) |
(747,178) |
Expired |
- |
- |
Outstanding at the end of the period |
2,202,438 |
1,455,260 |
In the period ended 31 December 2023 and 30 September 2024, 618,788 GDR options and
747,178 GDR options, respectively, were exercised and GDRs were issued from treasury shares.
The following table represents Share-based compensation reserve outstanding:
|
|
Share-Based Compensation reserve |
1 January 2023 |
|
29,274 |
GDR options accrued |
|
20,859 |
GDR options exercised |
|
(15,323) |
31 December 2023 |
|
34,810 |
GDR options accrued |
|
11,666 |
GDR options exercised |
|
(19,999) |
30 September 2024 |
|
26,477 |
IFRS defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Some of the Group's financial assets and financial liabilities are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets and financial liabilities are determined (in particular, the valuation technique(s) and inputs used).
26
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
Financial assets/financial liabilities |
Fair value as at 31 December 2023 |
Fair value as at 30 September 2024 |
Fair value hierarchy |
Valuation technique(s) and key input(s) |
|
|
|
|
|
|
|
|
|
|
Non-derivative financial assets at FVTOCI (Note 11) |
3,968 |
7,886 |
Level 1 |
Quoted prices in an active market. |
Non-derivative financial assets at FVTOCI (Note 11) |
1,370,806 |
1,419,124 |
Level 2 |
Quoted prices in markets that are not active. |
Non-derivative financial assets at FVTOCI (Note 11) |
2,322 |
2,871 |
Level 3 |
DCF method with weighted average discount ratio 7.3% |
Unlisted Equity investments classified as financial assets at FVTOCI (Note 11) |
34 |
59 |
Level 3 |
Adjusted net assets based on most recent published financial statements of unlisted companies with discount for marketability and liquidity. Discount ratios varies from 10% to 30%. |
Derivative financial assets (Note 11) |
642 |
1,350 |
Level 2 |
DCF method. Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties. |
Derivative financial liabilities (Note 11) |
1,165 |
1,604 |
Level 2 |
DCF method. Future cash flows are estimated based on forward exchange rates (from observable forward exchange rates at the end of the reporting period) and contract forward rates, discounted at a rate that reflects the credit risk of various counterparties. |
As at 31 December 2023, the fair value of the investment securities in Level 2 includes short-term and long-term sovereign debt securities of KZT 407,086 million and KZT 713,131 million, respectively. As at 30 September 2024, the fair value of the investment securities in Level 2 includes short-term and long-term sovereign debt securities of KZT 372,037 million and KZT 777,226 million, respectively. Those investment securities are by nature and for regulatory purposes treated as high quality liquid assets, but are classified as Level 2 due to insufficient trading on regulated market.
There were no transfers between Level 1 and Level 2 in the period.
27
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
The reconciliation of Level 3 fair value measurements of financial assets is presented as follows:
|
|
|
Fair value through other comprehensive income |
|||
|
|
Unquoted debt securities |
|
|
Total |
|
1 January 2024 |
|
2,322 |
|
|
2,322 |
|
|
|
|
|
|
|
|
Total gains or losses: |
|
|
|
|
|
|
- in profit or loss |
|
- |
|
|
- |
|
- in other comprehensive income |
|
549 |
|
|
549 |
|
Purchases |
|
- |
|
|
- |
|
Issues |
|
- |
|
|
- |
|
Disposals/settlements |
|
- |
|
|
- |
|
Transfer into level 3 |
|
- |
|
|
- |
|
Transfers out of level 3 |
|
- |
|
|
- |
|
|
|
|
|
|
|
|
30 September 2024 |
|
2,871 |
|
|
2,871 |
|
During the nine months ended 30 September 2023 and 2024, there were no transfers between Level 1, Level 2 and Level 3.
Except as detailed in the following table, management of the Group considers that the carrying amount of financial assets and financial liabilities recognised in the consolidated financial statements approximate their fair values.
|
31 December 2023 |
|
|||
|
Carrying amount |
|
Fair value |
|
Fair value hierarchy |
|
|
|
|
|
|
Due from banks |
30,683 |
|
30,048 |
|
Level 2 |
Loans to customers |
4,235,957 |
|
4,230,722 |
|
Level 3 |
Due to banks |
154 |
|
154 |
|
Level 2 |
Customer accounts |
5,441,456 |
|
5,382,189 |
|
Level 2 |
Debt securities issued |
99,468 |
|
96,666 |
|
Level 2 |
Subordinated debt |
62,369 |
|
60,895 |
|
Level 2 |
|
30 September 2024 |
|
|||
|
Carrying amount |
|
Fair value |
|
Fair value hierarchy |
|
|
|
|
|
|
Due from banks |
35,050 |
|
34,644 |
|
Level 2 |
Loans to customers |
5,244,716 |
|
4,952,192 |
|
Level 3 |
Due to banks |
50,927 |
|
50,275 |
|
Level 2 |
Customer accounts |
5,959,138 |
|
5,907,540 |
|
Level 2 |
Debt securities issued |
49,831 |
|
48,625 |
|
Level 2 |
Subordinated debt |
60,910 |
|
59,160 |
|
Level 2 |
28
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
Assets and liabilities for which fair value approximates carrying value
For financial assets and liabilities that have a short-term maturity (less than 3 months), it is assumed that the carrying amounts approximate to their fair value. This assumption is also applied to demand deposits and savings accounts without a maturity.
Due from banks
The estimated fair value of term due from banks is determined by discounting the contractual cash flows using interest rates currently offered for due from banks with similar terms.
Loans to customers
Loans to individual customers are made at fixed rates. The fair value of fixed rate loans has been estimated by reference to the market rates available at the reporting date for loans with similar maturity profile.
Due to banks
The estimated fair value of due to banks is determined by discounting the contractual cash flows using interest rates currently offered for due to banks with similar terms.
Customer accounts
The estimated fair value of term deposits is determined by discounting contractual cash flows using interest rates currently offered for deposits with similar terms. For current accounts which are non-interest bearing, the Group considers fair value to equal carrying value, which is equivalent to the amount payable on the balance sheet date.
Debt securities issued, subordinated debt
Debt securities issued and subordinated debt are valued using quoted prices.
29
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
In considering each possible related party relationship, attention is directed to the substance of the relationship, and not merely the legal form. The Group had the following transactions outstanding with related parties:
|
31 December 2023 |
30 September 2024 |
||
|
Transactions with related parties |
Total category as per financial statements captions |
Transactions with related parties |
Total category as per financial statements captions |
|
|
|
|
|
Consolidated statements of financial position |
|
|
|
|
Gross loans to customers |
2,435 |
4,478,489 |
1,283 |
5,526,146 |
- entities controlled by the key management personnel of the Group |
2,435 |
|
1,283 |
|
|
|
|
|
|
Allowance for impairment losses on loans to customers |
(2) |
(242,532) |
- |
(281,430) |
- entities controlled by the key management personnel of the Group |
(2) |
|
- |
|
|
|
|
|
|
Other assets |
1,196 |
135,598 |
1,267 |
145,018 |
- entities controlled by the key management personnel of the Group |
1,196 |
|
1,267 |
|
|
|
|
|
|
Customer accounts |
15,259 |
5,441,456 |
6,959 |
5,959,138 |
- entities controlled by the key management personnel of the Group |
9,526 |
|
1,643 |
|
- key management personnel of the Group |
5,662 |
|
5,297 |
|
- other related parties |
71 |
|
19 |
|
|
|
|
|
|
Other liabilities |
5,050 |
115,272 |
724 |
124,257 |
- entities controlled by the key management personnel of the Group |
5,004 |
|
724 |
|
- key management personnel of the Group |
46 |
|
- |
|
30
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
|
|
30 September 2023 |
30 September 2024 |
|||
|
|
|
Transactions with related parties |
Total |
Transactions with related parties |
Total |
Consolidated Statements of Profit or Loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
REVENUE |
|
|
|
|
|
|
Net fee revenue |
|
|
3,107 |
682,287 |
3,199 |
907,495 |
- entities controlled by the key management personnel of the Group |
|
|
2,994 |
|
3,075 |
|
- key management personnel |
|
|
113 |
|
124 |
|
|
|
|
|
|
|
|
Interest revenue |
|
|
199 |
602,604 |
157 |
773,757 |
- entities controlled by the key management personnel of the Group |
|
|
199 |
|
157 |
|
|
|
|
|
|
|
|
Other gains/(losses) |
|
|
2 |
20,673 |
- |
5,337 |
- entities controlled by the key management personnel of the Group |
|
|
2 |
|
- |
- |
|
|
|
|
|
|
|
COSTS AND OPERATING EXPENSES |
|
|
|
|
|
|
Interest expense |
|
|
(427) |
(344,431) |
(490) |
(451,521) |
- entities controlled by the key management personnel of the Group |
|
|
(409) |
|
(5) |
|
- key management personnel of the Group |
|
|
(16) |
|
(484) |
|
- other related parties |
|
|
(2) |
|
(1) |
|
Transaction expenses |
|
|
(113) |
(20,078) |
(134) |
(21,418) |
- entities controlled by the key management personnel of the Group |
|
|
(113) |
|
(134) |
|
|
|
|
|
|
|
|
Cost of goods and services |
|
|
(3,065) |
(108,085) |
(4,856) |
(212,147) |
- entities controlled by the key management personnel of the Group |
|
|
(3,065) |
|
(4,856) |
|
|
|
|
|
|
|
|
Up until its acquisition in October 2023, Kolesa Group was an entity controlled by the key management personnel of the Group and was a party to an agreement, under which we were paying fees to Kolesa Group for car loans generated on Kolesa’s car classifieds platform. During the nine months ended 30 September 2023 and 2024, transaction costs attributable to origination of loans to customers and paid to entities controlled by the key management personnel of the Group, were KZT 3,061 million and KZT Nil, respectively.
During the nine months 30 September 2023 and 2024, the total value of goods purchased from entities controlled by the key management personnel was KZT 2,507 million and KZT 4,312 million, respectively, from which KZT 2,600 million and KZT 4,356 million, respectively, recognised in cost of goods and services.
During the nine months 30 September 2023 and 2024, the total value of equipment and other assets purchased from entities controlled by the key management personnel was KZT Nil and KZT 1,026 million, respectively.
31
Joint Stock Company Kaspi.kz
Notes to the Interim Condensed Consolidated Financial Information (Continued)
For the nine months ended 30 September 2024 (Unaudited)
(in millions of KZT)
Compensation to directors and other members of key management is presented as follows:
|
|
Nine months ended 30 September 2023 |
Nine months ended 30 September 2024 |
|||
|
|
Transactions with related parties |
Total category as per financial statements captions |
|
Transactions with related parties |
Total category as per financial statements captions |
Compensation to key management personnel: |
|
|
|
|
|
|
Employee benefits |
|
(402) |
(57,685) |
|
(322) |
(76,364) |
Share-based compensation |
|
(3,157) |
(11,651) |
|
(1,362) |
(11,666) |
The management of Kaspi Bank JSC (“the Bank”-subsidiary of the Company) monitors capital adequacy ratio based on requirements of standardised approach of Basel Committee of Banking Supervision “Basel III: A global regulatory framework for more resilient banks and banking systems” (December 2010, updated in June 2011).
The capital adequacy ratios calculated on the basis of the Bank’s consolidated financial statements under Basel III with updated RWA methodology are presented in the following table:
|
31 December 2023 |
|
30 September 2024 |
|
|
|
|
Tier 1 capital (k1.2) |
17.4% |
|
17.5% |
Total capital (k.2) |
18.1% |
|
18.0% |
The Bank complies with NBRK’s capital requirements. The minimum regulatory capital adequacy requirements are 6.5% for k1.2 and 8% for k.2, excluding a conservation buffer of 3% and systemic buffer of 1% for each.
The following table presents the Bank’s capital adequacy ratios in accordance with the NBRK requirements:
|
31 December 2023 |
|
30 September 2024 |
|
|
|
|
Tier 1 capital (k1.2) |
12.6% |
|
12.5% |
Total capital (k.2) |
13.0% |
|
12.7% |
On 17 October 2024 Kaspi.kz signed a stock purchase agreement to purchase Class A and Class B shares representing 65.41% of the total outstanding share capital of Hepsiburada. The aggregate consideration for the transaction is approximately USD 1,127 million, payable in cash in two tranches: USD 600 million at closing, and USD 527 million no later than in six months post-closing. Subject to customary closing conditions and receipt of regulatory approval by certain Turkish government agencies.
On 18 October 2024, the Board of Directors of the Company proposed a dividend of
KZT 850 per share, subject to Shareholder approval.
32