|
|
Group |
Bank |
| As at December 31, |
Note |
2008
Rs. ’000 |
2007
Rs. ’000 |
Change
% |
2008
Rs. ’000 |
2007
Rs. ’000 |
Change
% |
| ASSETS |
|
|
|
|
|
|
|
| Cash and short-term funds |
13 |
24,114,911 |
16,208,247 |
48.78 |
24,114,706 |
16,208,208 |
48.78 |
| Balances with Central Banks |
14 |
10,322,411 |
11,575,579 |
(10.83) |
10,322,411 |
11,575,579 |
(10.83) |
| Government Treasury Bills and Bonds |
15 |
35,598,418 |
41,266,310 |
(13.73) |
35,363,325 |
41,068,234 |
(13.89) |
| Securities purchased under resale agreements |
|
3,400,455 |
3,804,120 |
(10.61) |
3,400,455 |
3,804,120 |
(10.61) |
| Dealing Securities |
16 |
58,290 |
207,267 |
(71.88) |
58,290 |
207,267 |
(71.88) |
| Investments held for sale |
17 |
– |
379,631 |
– |
– |
205,477 |
– |
| Investment Securities |
18 |
1,197,139 |
1,756,089 |
(31.83) |
1,197,139 |
1,756,089 |
(31.83) |
| Treasury Bonds maturing after one year |
|
16,269,926 |
8,794,841 |
84.99 |
16,269,926 |
8,794,841 |
84.99 |
| Bills of Exchange |
19.1 |
3,058,875 |
3,195,051 |
(4.26) |
3,058,875 |
3,195,051 |
(4.26) |
| Loans & advances |
19.2 |
167,794,679 |
160,177,214 |
4.76 |
167,858,457 |
160,184,019 |
4.79 |
| Lease receivable within one year |
19.3(a) |
3,009,024 |
3,561,584 |
(15.51) |
3,044,589 |
3,602,230 |
(15.48) |
| Lease receivable from one to five years |
19.3(b) |
6,317,865 |
7,227,459 |
(12.59) |
6,422,569 |
7,331,505 |
(12.40) |
| Lease receivable over five years |
19.3(c) |
16,665 |
10,830 |
53.88 |
16,665 |
10,830 |
53.88 |
|
|
271,158,658 |
258,164,222 |
5.03 |
271,127,407 |
257,943,450 |
5.11 |
| Investments in Associates |
20 |
70,988 |
62,720 |
13.18 |
44,331 |
44,331 |
– |
| Investments in Subsidiaries |
21 |
– |
– |
– |
433,681 |
433,681 |
– |
| Interest and fees receivable |
|
2,341,033 |
2,119,836 |
10.43 |
2,341,033 |
2,119,836 |
10.43 |
| Other assets |
22 |
3,239,409 |
3,653,902 |
(11.34) |
3,168,995 |
3,630,317 |
(12.71) |
| Property, Plant & Equipment |
23 |
4,342,645 |
3,997,053 |
8.65 |
3,721,775 |
3,417,594 |
8.90 |
| Leasehold Property |
24 |
117,584 |
118,965 |
(1.16) |
81,072 |
81,943 |
(1.06) |
| Intangible assets |
25 |
296,723 |
268,532 |
10.50 |
295,391 |
268,487 |
10.02 |
| Total Assets |
|
281,567,040 |
268,385,230 |
4.91 |
281,213,685 |
267,939,639 |
4.95 |
| LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
| Deposits from customers |
26 |
199,865,203 |
183,087,880 |
9.16 |
199,880,986 |
183,110,135 |
9.16 |
| Preference dividend payable |
|
– |
112,500 |
– |
– |
112,500 |
– |
| Borrowings |
27 |
13,619,600 |
18,752,411 |
(27.37) |
13,619,600 |
18,752,411 |
(27.37) |
| Securities sold under repurchase agreements |
|
24,959,644 |
23,238,005 |
7.41 |
25,075,091 |
23,342,102 |
7.42 |
| Other liabilities |
28 |
10,093,920 |
9,741,091 |
3.62 |
10,103,282 |
9,755,560 |
3.56 |
| Tax liabilities |
|
1,663,249 |
1,679,306 |
(0.96) |
1,664,563 |
1,698,132 |
(1.98) |
| Deferred tax |
29 |
676,396 |
711,917 |
(4.99) |
542,904 |
552,322 |
(1.71) |
| Debentures |
30 |
4,436,030 |
6,680,440 |
(33.60) |
4,436,030 |
6,680,440 |
(33.60) |
| Total Liabilities |
|
255,314,042 |
244,003,550 |
4.64 |
255,322,456 |
244,003,602 |
4.64 |
EQUITY ATTRIBUTABLE TO
EQUITY HOLDERS OF THE PARENT |
|
|
|
|
|
|
|
| Stated capital |
31 |
9,548,123 |
10,514,807 |
(9.19) |
9,548,123 |
10,514,807 |
(9.19) |
| Statutory Reserve Fund |
32 |
1,847,916 |
1,634,497 |
13.06 |
1,847,097 |
1,633,678 |
13.06 |
| Reserves |
33 |
14,830,011 |
12,208,587 |
21.47 |
14,496,009 |
11,787,552 |
22.98 |
| Shareholders’ Funds |
|
26,226,050 |
24,357,891 |
7.67 |
25,891,229 |
23,936,037 |
8.17 |
| Minority Interest |
|
26,948 |
23,789 |
13.28 |
– |
– |
– |
| Total Equity |
|
26,252,998 |
24,381,680 |
7.68 |
25,891,229 |
23,936,037 |
8.17 |
| Total Liabilities and Equity |
|
281,567,040 |
268,385,230 |
4.91 |
281,213,685 |
267,939,639 |
4.95 |
| Commitments and Contingencies |
34 |
115,808,578 |
116,212,442 |
(0.35) |
115,808,578 |
116,212,442 |
(0.35) |
| Net assets value per Ordinary Share (Rs.) |
|
105.16 |
93.79 |
12.12 |
103.81 |
92.09 |
12.73 |
|
|
|
|
|
|
|
|
The Significant Accounting Policies and the Notes to the Financial Statements from pages 104 to 164 form an integral part of these Financial Statements.
Certification
I certify that the above Financial Statements give a true and fair view of the state of affairs as at December 31, 2008 and its profit for the year ended December 31, 2008.
K.D.N. Buddhipala
Chief Financial Officer
The Board of Directors is responsible for the preparation and the presentation of these Financial Statements.
Approved and signed for and on behalf of the Board.
 |
 |
 |
 |
M.J.C. Amarasuriya
Chairman |
B.R.L. Fernando
Deputy Chairman |
A.L. Gooneratne
Managing Director |
Mrs. R.R. Dunuwille
Company Secretary |
February 18, 2009
Colombo |
