BANK | GROUP | ||||
As at | Notes | 31.12.2016
LKR 000 |
31.12.2015
LKR 000 |
31.12.2016
LKR 000 |
31.12.2015
LKR 000 |
Assets | |||||
Cash and cash equivalents | 25 | 4,330,934 | 4,305,247 | 4,344,260 | 4,314,777 |
Balances with Central Bank of Sri Lanka | 26 | 8,062,567 | 5,553,809 | 8,062,567 | 5,553,809 |
Placements with banks | 27 | 1,351,117 | – | 1,415,985 | 1,718 |
Derivative assets held-for-risk management | 28 | 122,977 | 198,776 | 122,977 | 198,776 |
Loans to and receivables from banks | 29 | 12,300,398 | 4,574,319 | 12,300,398 | 4,602,263 |
Loans to and receivables from other customers | 30 | 185,784,979 | 160,345,530 | 185,784,979 | 160,343,155 |
Financial investments – available-for-sale | 31 | 49,272,243 | 48,957,015 | 49,272,243 | 48,957,015 |
Financial investments – held-to-maturity | 32 | 23,189,085 | 17,903,885 | 23,189,085 | 17,903,885 |
Investments in subsidiaries | 33 | 111,932 | 132,855 | – | – |
Investment in associate | 34 | 35,270 | 35,270 | 64,873 | 66,980 |
Investment in joint venture | 35 | 755,000 | 655,000 | 1,378,254 | 1,180,819 |
Due from subsidiaries | 36 | 19,855 | 17,394 | – | – |
Investment property | 37 | – | – | 231,352 | 195,732 |
Property, plant and equipment | 38 | 927,857 | 943,017 | 1,042,619 | 1,042,301 |
Intangible assets | 39 | 203,742 | 247,115 | 208,382 | 247,945 |
Goodwill on consolidation | 40 | – | – | 156,226 | 156,226 |
Government grant receivable | 41 | 861,915 | 539,758 | 861,915 | 539,758 |
Deferred tax asset | 42 | – | – | 628 | 1,536 |
Prepayments | 53,803 | 36,708 | 53,803 | 36,708 | |
Other assets | 43 | 2,728,340 | 1,705,379 | 2,775,017 | 1,765,199 |
Total assets | 290,112,014 | 246,151,077 | 291,265,563 | 247,108,602 | |
Liabilities | |||||
Due to banks | 44 | 18,103,587 | 24,364,403 | 18,103,587 | 24,365,653 |
Derivative liabilities held-for-risk-management | 28 | 105,741 | 85,333 | 105,741 | 85,333 |
Due to other customers | 45 | 140,514,373 | 110,890,685 | 140,219,872 | 110,551,220 |
Other borrowing | 46 | 40,802,490 | 35,955,297 | 40,787,444 | 35,955,297 |
Debt securities issued | 47 | 29,179,185 | 23,292,660 | 29,179,185 | 23,292,660 |
Current tax liability | 607,333 | 251,551 | 626,470 | 266,723 | |
Deferred tax liability | 42 | 851,662 | 880,490 | 873,912 | 880,490 |
Government grant – deferred income | 41 | 701,665 | 476,008 | 701,665 | 476,008 |
Other liabilities | 48 | 4,190,675 | 3,368,558 | 4,352,331 | 3,500,012 |
Subordinated term debt | 49 | 9,205,637 | 3,767,081 | 9,205,637 | 3,767,081 |
Total liabilities | 244,262,348 | 203,332,066 | 244,155,844 | 203,140,477 | |
Equity | |||||
Stated capital | 50 | 4,715,814 | 4,715,814 | 4,715,814 | 4,715,814 |
Statutory reserve | 51 | 2,004,275 | 1,834,275 | 2,004,275 | 1,834,275 |
Retained earnings | 52 | 10,800,251 | 8,203,426 | 14,231,009 | 11,506,206 |
Other reserves | 53 | 28,329,326 | 28,065,496 | 25,898,721 | 25,659,404 |
Total equity attributable to equity holders of the Bank |
45,849,666 | 42,819,011 | 46,849,819 | 43,715,699 | |
Non-controlling interests | 259,900 | 252,426 | |||
Total equity | 45,849,666 | 42,819,011 | 47,109,719 | 43,968,125 | |
Total equity and liabilities | 290,112,014 | 246,151,077 | 291,265,563 | 247,108,602 | |
Contingent liabilities and commitments | 54 | 101,452,101 | 76,014,851 | 101,452,101 | 76,014,851 |
Net assets value per share, LKR | 172.95 | 161.52 | 176.73 | 164.90 |
The notes to the financial statements form part of these financial statements.
I certify that these financial statements comply with the requirements of the Companies Act, No. 07 of 2007.
For and on behalf of the Board of Directors,
Colombo
20 February 2017