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Condensed Financial Information - Parent Company Only | 12 Months Ended
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Dec. 31, 2024
Notes and other explanatory information [abstract] |
Condensed Financial Information - Parent Company Only | 27. Condensed financial information - parent company only As described in Note 25, the Bank must comply with NBRK’s capital requirements. Further, the Bank cannot lend more than 10% of Bank’s total capital to the Company, which restricts the use of the Bank’s net assets. The Group performed a test on the restricted net assets of its bank subsidiary and concluded that the restricted net assets exceed 25% of the consolidated net assets of the Group as at 31 December 2023 and 2024. The following is condensed financial information for the Company. Condensed Statements of Profit or Loss and Other Comprehensive Income for the years ended 31 December 2022, 2023, and 2024
|  | 2022 |  |  | 2023 |  |  | 2024 |
REVENUE |  |  | 432,661 |  |  |  | 602,138 |  |  |  | 776,807 |
Dividend income from banking subsidiaries* |  |  | 200,930 |  |  |  | 283,352 |  |  |  | 285,206 |
Dividend income from other subsidiaries* |  |  | 213,819 |  |  |  | 296,700 |  |  |  | 467,500 |
Interest income |  |  | 16,762 |  |  |  | 22,324 |  |  |  | 22,707 |
Other (losses) gains |  |  | 1,150 |  |  |  | (238 | ) |  |  | 1,394 |
COSTS AND OPERATING EXPENSES |  |  | (21,173 | ) |  |  | (24,544 | ) |  |  | (20,826 | )
General and administrative expenses |  |  | (20,818 | ) |  |  | (24,528 | ) |  |  | (20,810 | )
Fee and commission expense |  |  | (355 | ) |  |  | (16 | ) |  |  | (16 | )
NET INCOME BEFORE TAX |  |  | 411,488 |  |  |  | 577,594 |  |  |  | 755,981 |
Income tax |  |  | (3,357 | ) |  |  | (3,705 | ) |  |  | (4,058 | )
NET INCOME |  |  | 408,131 |  |  |  | 573,889 |  |  |  | 751,923 |
OTHER COMPREHENSIVE INCOME |  |  | - |  |  |  | - |  |  |  | - |
TOTAL COMPREHENSIVE INCOME |  |  | 408,131 |  |  |  | 573,889 |  |  |  | 751,923 |
* Joint Stock Company Kaspi.kz directly holds 100% ownership interest in Kaspi Group JSC, the parent company of banking group and indirectly holds 98.95% ownership interest in Kaspi Bank JSC through Kaspi Group JSC. As allowed under IAS 27.10, the investment in banking subsidiaries and other subsidiaries were accounted for under the cost method. Using the equity method, the income in undistributed earnings of banking subsidiaries were KZT 7,252 million, KZT 8,607 million and KZT 11,030 million for 2022, 2023 and 2024, respectively, and the income in undistributed earnings of other subsidiaries were KZT 19,122 million, KZT 78,196 million and KZT 34,690 million for 2022, 2023 and 2024, respectively. Condensed Statements of Financial Position as at 31 December 2023 and 2024
|  | 2023 |  |  | 2024 |
ASSETS: |  |  |  |  |  |
Cash and cash equivalents |  |  | 200,484 |  |  |  | 324,993 |
Investments in banking subsidiaries* |  |  | 171,107 |  |  |  | 171,107 |
Investments in other subsidiaries* |  |  | 44,103 |  |  |  | 39,103 |
Other assets |  |  | 894 |  |  |  | 1,352 |
TOTAL ASSETS |  |  | 416,588 |  |  |  | 536,555 |
LIABILITIES: |  |  |  |  |  |
Other liabilities |  |  | 170 |  |  |  | 155 |
TOTAL LIABILITIES |  |  | 170 |  |  |  | 155 |
EQUITY: |  |  |  |  |  |
Issued capital |  |  | 130,144 |  |  |  | 130,144 |
Treasury shares |  |  | (152,001 | ) |  |  | (151,521 | )
Share-based compensation reserve |  |  | 34,812 |  |  |  | 31,777 |
Retained earnings |  |  | 403,463 |  |  |  | 526,000 |
TOTAL EQUITY |  |  | 416,418 |  |  |  | 536,400 |
TOTAL LIABILITIES AND EQUITY |  |  | 416,588 |  |  |  | 536,555 |
* Using the equity method, the investment in banking subsidiaries were KZT 208,824 million and KZT 221,293 million for 31 December 2023 and 2024, respectively, and the investment in other subsidiaries were KZT 77,624 million and KZT 204,620 million for 31 December 2023 and 2024, respectively. In accordance with NBRK regulations, dividends paid by the Bank to the Company are subject to certain limitations. Condensed Statements of Cash Flows For the Years ended 31 December 2022, 2023, and 2024
|  | 2022 |  |  | 2023 |  |  | 2024 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Interest income received |  |  | 14,221 |  |  |  | 18,991 |  |  |  | 19,303 |
Fees and commissions paid |  |  | (355 | ) |  |  | (16 | ) |  |  | (16 | )
Other income received |  |  | - |  |  |  | 41 |  |  | - |
General and administrative expenses paid |  |  | (835 | ) |  |  | (3,669 | ) |  |  | (3,548 | )
Cash flows from operating activities before changes in operating assets and liabilities |  |  | 13,031 |  |  |  | 15,347 |  |  |  | 15,739 |
Changes in operating assets and liabilities |  |  |  |  |  |  |  |  |
Other assets |  |  | (378 | ) |  |  | 426 |  |  |  | (821 | )
Other liabilities |  |  | 46 |  |  |  | 80 |  |  |  | (14 | )
Cash inflow from operating activities before income tax |  |  | 12,699 |  |  |  | 15,853 |  |  |  | 14,904 |
Income tax paid |  |  | (594 | ) |  |  | (539 | ) |  |  | (587 | )
Net cash inflow from operating activities |  |  | 12,105 |  |  |  | 15,314 |  |  |  | 14,317 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Dividends received from subsidiaries |  |  | 414,749 |  |  |  | 580,052 |  |  |  | 752,706 |
Sale of investments in subsidiaries |  |  | - |  |  |  | - |  |  |  | 5,000 |
Purchase of investments in subsidiaries |  |  | (16,251 | ) |  |  | - |  |  |  | - |
Net cash inflow from investing activities |  |  | 398,498 |  |  |  | 580,052 |  |  |  | 757,706 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (210,102 | ) |  |  | (560,132 | ) |  |  | (646,056 | )
Purchase of treasury shares |  |  | (63,672 | ) |  |  | (60,703 | ) |  |  | (2,852 | )
Net cash outflow from financing activities |  |  | (273,774 | ) |  |  | (620,835 | ) |  |  | (648,908 | )
Effect of changes in foreign exchange rate on cash and cash equivalents |  |  | 1,150 |  |  |  | (279 | ) |  |  | 1,394 |
NET (DECREASE)/ INCREASE IN CASH AND CASH EQUIVALENTS |  |  | 137,979 |  |  |  | (25,748 | ) |  |  | 124,509 |
CASH AND CASH EQUIVALENTS, beginning of period |  |  | 88,253 |  |  |  | 226,232 |  |  |  | 200,484 |
CASH AND CASH EQUIVALENTS, end of period |  |  | 226,232 |  |  |  | 200,484 |  |  |  | 324,993 |

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