Supplementary Information

Ten Year Statistical Summary – Bank

LKR million
For the year ended 31 December 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Operating Results
Income 50,159 60,182 63,461 63,363 70,457 110,138 127,464 126,546 131,502 154,121
Interest income 42,286 49,684 53,077 50,843 61,222 95,022 114,863 107,395 112,745 134,685
Interest expenses (29,453) (35,989) (38,267) (31,200) (36,216) (59,701) (77,720) (68,945) (66,419) (80,728)
Net interest income 12,833 13,695 14,810 19,643 25,006 35,321 37,143 38,450 46,326 53,957
Other operating income 7,873 10,498 10,385 12,515 9,235 15,116 12,601 19,151 18,756 19,437
Other operating expenses (14,315) (16,889) (17,992) (18,104) (15,241) (27,428) (31,324) (33,258) (34,987) (35,940)
Operating profit before VAT and NBT 6,391 7,304 7,203 14,054 19,000 23,009 18,420 24,343 30,095 37,454
VAT and NBT on financial services (1,873) (2,073) (2,995) (4,001) (2,516) (3,214) (2,711) (4,052) (4,816) (6,265)
Profit before income tax 4,518 5,231 4,208 10,053 16,484 19,795 15,709 20,291 25,279 31,189
Income tax expense (1,675) (1,670) (1,124) (3,688) (4,567) (5,378) (3,622) (6,717) (7,922) (6,398)
Profit for the year 2,843 3,561 3,084 6,365 11,917 14,417 12,087 13,574 17,357 24,791
As at 31 December 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Assets
Cash and cash equivalents 9,244 10,168 13,509 14,104 18,671 31,545 24,901 35,583 79,917 67,706
Balances with Central Banks 17,253 15,629 16,263 25,642 30,223 29,963 28,699 30,422 38,940 56,388
Placements with banks 19,722 16,403 45,867 42,709 14,581 19,394 19,315 13,349 27,976 11,675
Loans and advances to customers 284,496 271,105 265,065 368,302 543,149 691,899 725,332 741,348 826,790 1,000,082
Other financial assets 80,635 144,913 168,481 241,205 195,444 239,089 335,455 438,554 522,762 461,193
Investments in subsidiaries and associates 3,650 3,603 4,037 6,124 7,084 7,636 7,672 7,056 7,056 6,306
Investment properties 559 – – – – – – – – 3,000
Property, Plant and Equipment 4,982 5,018 5,724 5,621 10,595 11,516 12,089 16,296 16,431 15,584
Intangible assets 399 233 111 164 343 376 501 385 373 563
Other assets 16,961 17,304 19,184 16,377 18,183 16,803 39,617 46,027 48,044 46,794
Total assets 437,901 484,376 538,241 720,248 838,273 1,048,221 1,193,581 1,329,020 1,568,289 1,669,291
Liabilities
Due to banks* – – – 2,215 6,508 10,128 1,166 890 2,630 2,042
Due to customers 308,856 316,070 408,607 530,092 595,774 693,441 842,070 933,966 1,082,337 1,256,589
Debt securities issued and
subordinated term debts 		9,150 17,988 18,045 40,115 42,591 47,114 45,326 53,282 39,055 42,072
Other borrowings 84,658 111,100 67,302 105,169 138,389 233,795 235,370 246,736 337,442 254,895
Current tax liabilities 885 1,079 190 2,200 1,139 2,208 – – 2,081 –
Other liabilities 13,302 15,037 19,198 10,551 12,518 10,582 11,949 19,340 23,259 20,843
Total liabilities 416,851 461,274 513,342 690,342 796,919 997,268 1,135,881 1,254,214 1,486,804 1,576,441
Equity
Share capital 5,000 5,000 5,000 5,000 5,000 5,000 5,000 10,000 10,000 15,000
Permanent reserve fund 2,515 2,585 2,650 2,777 3,008 3,286 3,538 3,810 5,210 7,996
Retained earnings 12,161 14,335 15,820 14,564 21,733 27,639 31,419 44,861 51,086 54,155
Other reserves 1,374 1,182 1,429 7,565 11,613 15,028 17,743 16,135 15,189 15,699
Total equity 21,050 23,102 24,899 29,906 41,354 50,953 57,700 74,806 81,485 92,850
Total liabilities and equity 437,901 484,376 538,241 720,248 838,273 1,048,221 1,193,581 1,329,020 1,568,289 1,669,291
Contingent liabilities and commitments 134,713 164,813 246,245 313,040 409,747 455,181 655,441 721,763 696,857 547,399
Ratios
Return on average assets (%) 1.1 1.1 0.8 1.6 2.1 2.1 1.4 1.6 1.7 1.9
Return on average equity (%) 14.6 16.1 12.9 24.0 33.5 31.2 22.2 20.5 22.2 28.4
Income growth (%) 42.5 20.0 5.5 (0.2) 11.2 56.3 15.7 (0.7) 3.9 17.2
Capital adequacy ratio (%)
– Tier I 11.4 11.3 11.2 10.3 7.8 8.3 8.4 9.5 9.1 8.7
– Tier I + Tier II 11.4 15.9 14.2 13.7 10.9 11.5 12.1 13.6 13.1 12.3
Capital funds to liabilities including
contingent liabilities (%) 		3.8 3.7 3.3 3.1 3.4 3.5 3.2 3.8 3.7 4.4
Liquidity ratio – domestic (%) 21.2 24.2 21.1 28.7 23.4 21.8 27.7 30.8 28.2 21.6
Cost to income ratio (%) 67.5 64.2 68.3 53.7 51.1 42.7 49.1 44.0 44.7 43.0
Other Information
No. of employees 8,253 7,912 7,538 8,204 8,115 7,790 8,883 8,577 7,980 7,569
No. of branches 307 309 310 309 318 324 567 573 578 580
No. of ATMs 203 251 329 352 404 451 523 540 549 678
No. of advances (’000) 1,867 1,839 2,011 2,261 2,837 3,363 3,193 2,384 2,146 2,122
No. of deposits (’000) 6,993 7,494 8,440 9,321 10,179 10,955 11,606 12,311 12,322 12,706
Cashflows from operating activities (13,713) 30,262 100,115 10,271 (42,348) (19,271) 47,051 72,987 127,503 (21,346)
Cashflows from investing activities 3,034 (67,091) (20,775) (59,418) 6,924 (52,965) (51,351) (27,222) (101,988) 83,642
Cashflows from financing activities 8,120 34,433 (45,144) 46,554 12,476 89,640 (4,377) (29,519) 17,982 (73,927)
Capital expenditure on purchase of
Property, Plant and Equipment 		(544) (647) (1,446) (1,168) (1,905) (1,483) (1,682) (1,743) (1,332) (2,053)

*From 2007 to 2009 Due to banks amount is included in Due to customers and Other orrowings
**Highlighted information is based on LKASs/SLFRSs.

Disclosure in terms of Section 7.6 (xvi) of the Listing Rules of the Colombo Stock Exchange on related party transactions exceeding 10% of the equity or 5% of the total assets of the Bank

The Bank did not carry out any transactions exceeding 10% of the equity or 5% of the total assets of the Bank, whichever is lower, with the related parties given in Note No. 55 to the Financial Statements, except for the transactions engaged with the Government of Sri Lanka and Government-related entities.

The Government of Sri Lanka, who holds 100% shareholding in the Bank of Ceylon and Government-related entities, carry out transactions with the Bank, in the ordinary course of business and the aggregate monetary value of these transactions exceeded the threshold given in Section 7.6 (xvi) of the Listing Rules of Colombo Stock Exchange. These transactions include:

  • Overdraft facility granted to the Deputy Secretary to the Treasury.
  • Foreign currency loans granted to the Government of Sri Lanka and State-Owned Enterprises.
  • Investment in Sri Lanka Development Bonds and Restructuring Bonds issued by the Government of Sri Lanka.
  • Extending of trade finance credit and other related services to facilitate import transactions of the Government of Sri Lanka and State-Owned Enterprises.
  • Deposits made by the Government and Government-related entities with the Bank.

Most of these transactions are considered as recurrent nature transactions and the outstanding balances as at Reporting date during the year 2016, are given in the Note 55.4 to the Financial Statements.

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