74.8% increase in the value paid-up capital of economic bodies

Central Agency for Public Mobilization and Statistics (CAPAMS), issued " Annual Bulletin of Statistics and Financial Indicators for Economic Bodies 2021/2022 ". 

• Value of paid-up capital increased to reach EGP 280.1 billion compared to EGP 160.3 billion for the year 2020/2021, an increase of 74.8% as a result of the increase in storage and transport support activities to reach EGP 103.7 billion compared to EGP 6 billion, an increase of 1632.6% over the year 2020/2021.

• Value of projects under implementation decreased to reach EGP 147.9 billion compared to EGP 165.7 billion for the year 2020/2021, a decrease of 10.8% as a result of the completion of projects and their conversion into fixed assets, despite their increase in mining and quarrying activity by 67.5% over the year 2020/2021.

● Value of Revenues of the current activity increased to reach 1130.0 billion pounds compared to 796.1 billion pounds, an increase of 41.9% over the year 2020/2021, as a result of an increase in revenues of the General Petroleum Corporation affected by the rise in oil prices globally by 46.4% over the year 2020/2021.

• value of the distributable surplus increased to reach EGP 250.1 billion compared to EGP 210.2 billion, an increase of 19.0% over the year 2020/2021, as a result of the increase in real estate and leasing activity by 91.3%, as well as the transport and storage activity by 27.8% over the year 2020/2021. 

• Value of current assets increased to reach EGP 3372.8 billion compared to EGP 2817.8 billion, an increase of 19.7% over the year 2020/2021 as a result of the increase in all its elements (inventory - debtors - financial investments - cash in banks) for the year 2020/2021.

• Value of subsidies increased to reach 339.9 billion pounds compared to 285.2 billion pounds, an increase of 19.2% in 2020/2021, as a result of the increase in support provided to the General Petroleum Corporation (mining activity) by an increase of 216.3% over the year 2020/2021 to cover the difference in oil prices globally.