BANK | GROUP | ||||
As at | Notes | 31.12.2015 LKR 000 |
31.03.2015 LKR 000 |
31.12.2015 LKR 000 |
31.03.2015 LKR 000 |
Assets | |||||
Cash and cash equivalents | 26 | 4,305,247 | 110,576 | 4,314,777 | 4,060,820 |
Balances with Central Bank of Sri Lanka | 27 | 5,553,809 | – | 5,553,809 | 2,616,406 |
Placements with banks | 28 | – | 716,622 | 1,718 | 1,324,892 |
Derivative assets held-for-risk management | 29 | 198,776 | 29,335 | 198,776 | 89,861 |
Other financial assets held-for-trading | 30 | – | 1,469,166 | – | 1,469,166 |
Loans to and receivables from banks | 31 | 4,574,319 | 484,067 | 4,602,263 | 3,563,647 |
Loans to and receivables from other customers | 32 | 160,345,530 | 73,448,705 | 160,343,155 | 135,322,723 |
Financial investments – available-for-sale | 33 | 48,957,015 | 27,823,496 | 48,957,015 | 45,826,878 |
Financial investments – held-to-maturity | 34 | 17,903,885 | 2,085,921 | 17,903,885 | 10,872,287 |
Investments in subsidiaries | 35 | 132,855 | 5,957,564 | – | – |
Investment in associate | 36 | 35,270 | 35,270 | 66,980 | 63,960 |
Investment in joint venture | 37 | 655,000 | 655,000 | 1,180,819 | 1,124,025 |
Due from subsidiaries | 38 | 17,394 | 135,091 | – | – |
Investment property | 39 | – | – | 195,732 | 186,070 |
Property, plant and equipment | 40 | 943,017 | 351,207 | 1,042,301 | 1,051,932 |
Intangible assets | 41 | 247,115 | 82,380 | 247,945 | 280,196 |
Goodwill on consolidation | 42 | – | – | 156,226 | 156,226 |
Government grant receivable | 43 | 539,758 | 483,727 | 539,758 | 483,727 |
Deferred tax asset | 44 | – | – | 1,536 | 1,562 |
Income tax refund due | – | – | – | 1,178 | |
Prepayments | 36,708 | 26,342 | 36,708 | 26,342 | |
Other assets | 45 | 1,705,379 | 717,125 | 1,765,199 | 2,088,401 |
Total assets | 246,151,077 | 114,611,594 | 247,108,602 | 210,610,299 | |
Liabilities | |||||
Due to banks | 46 | 24,364,403 | 1,928,867 | 24,365,653 | 5,972,567 |
Derivative liabilities held-for-risk-management | 29 | 85,333 | 1,737 | 85,333 | 37,153 |
Due to other customers | 47 | 110,890,685 | 22,484,652 | 110,551,220 | 92,711,793 |
Other borrowing | 48 | 35,955,297 | 24,361,797 | 35,955,297 | 38,846,172 |
Debt securities issued | 49 | 23,292,660 | 19,445,924 | 23,292,660 | 19,445,924 |
Current tax liability | 251,551 | 53,211 | 266,723 | 191,598 | |
Deferred tax liability | 44 | 880,490 | 486,855 | 880,490 | 642,021 |
Government grant – deferred income | 43 | 476,008 | 303,727 | 476,008 | 303,727 |
Other liabilities | 50 | 3,368,558 | 840,156 | 3,500,012 | 2,586,927 |
Due to subsidiaries | 51 | – | 31 | – | – |
Subordinated term debt | 52 | 3,767,081 | 609,373 | 3,767,081 | 1,609,664 |
Total liabilities | 203,332,066 | 70,516,330 | 203,140,477 | 162,347,546 | |
Equity | |||||
Stated capital | 53 | 4,715,814 | 4,715,814 | 4,715,814 | 4,715,814 |
Statutory reserve | 54 | 1,834,275 | 1,545,000 | 1,834,275 | 1,545,000 |
Retained earnings | 55 | 8,203,426 | 6,541,651 | 11,506,206 | 12,752,999 |
Other reserves | 56 | 28,065,496 | 31,292,799 | 25,659,404 | 28,895,058 |
Total equity attributable to equity holders of the Bank | 42,819,011 | 44,095,264 | 43,715,699 | 47,908,871 | |
Non-controlling interests | 252,426 | 353,882 | |||
Total equity | 42,819,011 | 44,095,264 | 43,968,125 | 48,262,753 | |
Total equity and liabilities | 246,151,077 | 114,611,594 | 247,108,602 | 210,610,299 | |
Contingent liabilities and commitments | 57 | 76,014,851 | 40,979,686 | 76,014,851 | 75,072,548 |
Net assets value per share, LKR | 161.52 | 166.34 | 164.90 | 180.72 |
I certify that these financial statements comply with the requirements of the Companies Act, No. 07 of 2007.
Ms D S J Wettasinghe
Chief Financial Officer
For and on behalf of the Board of Directors,
C R Jansz
Chairman
A R Fernando
Director and Chief Executive
Colombo
24 February 2016