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Our track record of value creation is unique and we continue to be one of the very few companies
that have adopted Economic Value Added (EVA) as one of our primary measures of value creation.
| Value to Shareholders |
| |
2004 |
2005 |
2006 |
2007 |
2008 |
| Economic Value Added (EVA) (Rs. Mn) |
913.810 |
907.104 |
304.454 |
1,802.812 |
503.064 |
| Market Value Added (MVA) (Rs. Mn)* |
(3,251.790) |
2,471.879 |
8,816.694 |
7,740.662 |
(15,216.161) |
| Return on Average Shareholders’ Funds (ROE) (%) |
13.16 |
15.93 |
12.73 |
20.63 |
17.13 |
| Dividend Payout Ratio (%) |
29 |
30 |
39 |
44 |
41 |
| Bonus Issues |
– |
1:1 |
– |
1:3 |
– |
| Rights Issues |
– |
– |
– |
3:10 |
– |
| Credit Rating |
AA+ (Sri) |
AA+ (Sri) |
AA+ (lka) |
AA+ (lka) |
AA+ (lka) |
* MVA is the difference between the market capitalisation and total capital invested (The sum total of shareholders’
funds and cumulative loan loss provision).
| Value to Government |
| (i) Taxes Paid - Income Tax, Financial VAT and Debits Tax (Rs. Mn) |
| |
2004 |
2005 |
2006 |
2007 |
2008 |
| Income Tax |
828.1 |
1,290.4 |
2,191.6 |
2,629.2 |
3,260.8 |
| Financial VAT |
441.1 |
622.9 |
971.0 |
1,551.8 |
2,091.5 |
| Debits Tax |
3.8 |
4.1 |
6.4 |
6.0 |
9.2 |
Total
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1,273.0 |
1,917.4 |
3,169.0 |
4,187.0 |
5,361.5 |
| (ii) Taxes Collected - Value Added Tax, Debits Tax and Stamp Duty (Rs. Mn) |
| |
2004 |
2005 |
2006 |
2007 |
2008 |
| Value Added Tax |
– |
35.9 |
74.8
|
230.4 |
619.5 |
| Debits Tax |
636.0 |
813.8 |
1,014.7 |
1,226.5 |
1,416.5 |
| Stamp Duty |
– |
– |
45.0 |
71.1 |
66.3 |
| Total |
636.0 |
849.7 |
1,134.5 |
1,528.0 |
2,102.4 |
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