Statement of Financial Position
GROUP | BANK | ||||||
As at December 31, | Note | 2013 | 2012 | Change | 2013 | 2012 | Change |
Rs. ’000 | Rs. ’000 | % | Rs. ’000 | Rs. ’000 | % | ||
Assets | |||||||
Cash and cash equivalents | 20 | 14,263,533 | 19,752,205 | (27.79) | 14,261,549 | 19,732,834 | (27.73) |
Balances with Central Banks | 21 | 18,431,936 | 18,168,039 | 1.45 | 18,431,936 | 18,168,039 | 1.45 |
Placements with banks | 22 | 4,131,814 | 16,162,970 | (74.44) | 4,131,814 | 16,162,970 | (74.44) |
Derivative financial instruments | 23 | 837,694 | 1,351,095 | (38.00) | 837,694 | 1,351,095 | (38.00) |
Other financial instruments held-for-trading | 24 | 6,379,058 | 6,041,110 | 5.59 | 6,379,058 | 6,041,110 | 5.59 |
Loans and receivables to banks | 25 | 546,270 | 628,760 | (13.12) | 546,270 | 628,760 | (13.12) |
Loans and receivables to other customers | 26 | 418,944,215 | 372,857,337 | 12.36 | 418,959,675 | 372,915,081 | 12.35 |
Financial investments - Available-for-sale | 27 | 123,748,290 | 57,963,192 | 113.49 | 123,748,290 | 57,963,192 | 113.49 |
Financial investments - Held-to-maturity | – | – | – | – | – | – | |
Investments in subsidiaries | 28 | – | – | – | 288,946 | 303,130 | (4.68) |
Investments in associates | 29 | 94,173 | 93,712 | 0.49 | 44,331 | 44,331 | – |
Property, plant & equipment | 30 | 9,175,225 | 8,946,881 | 2.55 | 8,387,344 | 8,221,118 | 2.02 |
Intangible assets | 31 | 477,728 | 506,161 | (5.62) | 467,593 | 497,038 | (5.92) |
Leasehold property | 32 | 110,324 | 111,776 | (1.30) | 76,362 | 77,304 | (1.22) |
Deferred tax assets | 33 | 515,323 | 458,258 | 12.45 | 507,078 | 448,500 | 13.06 |
Other assets | 34 | 9,536,683 | 9,179,144 | 3.90 | 9,539,165 | 9,188,206 | 3.82 |
Total assets | 607,192,266 | 512,220,640 | 18.54 | 606,607,105 | 511,742,708 | 18.54 | |
Liabilities | |||||||
Due to banks | 35 | 14,194,219 | 4,893,945 | 190.04 | 14,194,219 | 4,893,945 | 190.04 |
Derivative financial instruments | 36 | 1,411,916 | 84,291 | 1,575.05 | 1,411,916 | 84,291 | 1,575.05 |
Other financial liabilities held-for-trading | – | – | – | – | – | – | |
Due to other customers | 37 | 451,098,946 | 390,568,682 | 15.50 | 451,152,923 | 390,611,548 | 15.50 |
Other borrowings | 38 | 53,997,503 | 47,435,565 | 13.83 | 54,173,175 | 47,582,819 | 13.85 |
Debt securities issued | – | – | – | – | – | – | |
Current tax liabilities | 1,780,867 | 2,821,975 | (36.89) | 1,758,574 | 2,801,541 | (37.23) | |
Deferred tax liabilities | 33 | 2,278,737 | 1,889,983 | 20.57 | 2,070,148 | 1,698,067 | 21.91 |
Other provisions | 39 | 2,409 | 2,409 | – | 2,409 | 2,409 | – |
Other liabilities | 40 | 9,885,816 | 10,417,213 | (5.10) | 9,827,209 | 10,362,808 | (5.17) |
Due to subsidiaries | 41 | – | – | – | 15,686 | 22,264 | (29.55) |
Subordinated liabilities | 42 | 11,056,847 | 1,106,016 | 899.70 | 11,056,847 | 1,106,016 | 899.70 |
Total liabilities | 545,707,260 | 459,220,079 | 18.83 | 545,663,106 | 459,165,708 | 18.84 | |
Equity | |||||||
Stated capital | 43 | 19,586,813 | 18,008,796 | 8.76 | 19,586,813 | 18,008,796 | 8.76 |
Statutory reserves | 44 | 4,034,614 | 3,433,395 | 17.51 | 4,034,614 | 3,433,395 | 17.51 |
Retained earnings | 45 | 4,359,632 | 4,172,814 | 4.48 | 4,233,364 | 4,178,080 | 1.32 |
Other reserves | 46 | 33,465,169 | 27,353,415 | 22.34 | 33,089,208 | 26,956,729 | 22.75 |
Total equity attributable to equity holders of the Bank | 61,446,228 | 52,968,420 | 16.01 | 60,943,999 | 52,577,000 | 15.91 | |
Non-Controlling interest | 47 | 38,778 | 32,141 | 20.65 | – | – | – |
Total equity | 61,485,006 | 53,000,561 | 16.01 | 60,943,999 | 52,577,000 | 15.91 | |
Total liabilities and equity | 607,192,266 | 512,220,640 | 18.54 | 606,607,105 | 511,742,708 | 18.54 | |
Contingent liabilities and commitments | 48 | 295,451,955 | 279,593,112 | 5.67 | 295,451,955 | 279,593,112 | 5.67 |
Net assets value per share (Rs.) | 72.37 | 63.55 | 13.88 | 71.78 | 63.08 | 13.79 |
The Notes form an integral part of these Financial Statements.
Certification
These Financial Statements have been prepared in compliance with requirements of the Companies Act No. 07 of 2007.
K.D.N. Buddhipala
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
Approved and signed for and on behalf of the Board,
D.S. Weerakkody
Chairman
K.G.D.D. Dheerasinghe
Deputy Chairman
W.M.R.S. Dias
Managing Director
Mrs. R.R. Dunuwille
Company Secretary
Colombo
February 24, 2014