Other Disclosure Requirements Under the Prescribed Format Issued by the Central Bank of Sri Lanka for
Preparation of Annual Financial Statements of Licensed Commercial Banks
Disclosure Requirements | Description | |||||||||||||||||||
1. Information about the Significance of Financial Instruments for Financial Position and Performance |
||||||||||||||||||||
1.1 |
Statement of Financial Position |
|||||||||||||||||||
1.1.1 |
Disclosures on categories of financial assets and financial liabilities. | Note 18.2 to the Financial Statements - Measurement of Financial Instruments. | ||||||||||||||||||
1.1.2 |
Other Disclosures |
|||||||||||||||||||
|
Significant Accounting Policies:
Note 3.3.3.1.2 - Financial assets designated at fair value through profit or loss Note 3.3.4.1 - Financial liabilities at fair value through profit or loss |
|||||||||||||||||||
|
Significant Accounting Policies: Note 3.3.5 - Reclassification of Financial Instruments | |||||||||||||||||||
|
Not disclosed. | |||||||||||||||||||
|
Notes to the Financial Statements: Note 26.2 - Movement in provision for Individual and Collective Impairment | |||||||||||||||||||
|
The Bank does not have compound financial instruments with multiple embedded derivatives. | |||||||||||||||||||
|
None | |||||||||||||||||||
1.2 |
Statement of Comprehensive Income |
|||||||||||||||||||
1.2.1 |
Disclosures on items of income, expense, gains and losses. |
Notes 07 - 14 to the Financial Statements: | ||||||||||||||||||
1.2.2 |
Other Disclosures |
|||||||||||||||||||
|
Notes to the Financial Statements: Note 07 - Interest income | |||||||||||||||||||
|
Note to the Financial Statements: Net 08 - Net fees and commission income | |||||||||||||||||||
|
Notes to the Financial Statements: Note 12 - Impairment charges for loans and other losses | |||||||||||||||||||
|
Notes to the Financial Statements: Note 7.3 - Interest income on Impaired Financial Assets | |||||||||||||||||||
1.3 |
Other Disclosures |
|||||||||||||||||||
1.3.1 |
Accounting policies for financial instruments. | Significant Accounting Policies: Note 3.3 - Financial instruments - initial recognition, classification and subsequent measurement. | ||||||||||||||||||
1.3.2 |
Information on hedge accounting | The Bank does not have hedging instruments. | ||||||||||||||||||
1.3.3 |
Information about the fair values of each class of financial asset and financial liability, along with: | |||||||||||||||||||
|
Notes to the Financial Statements: Note 23 - Derivative financial instruments Note 24 - Other financial instruments held for trading Note 27 - Financial investments - Available-for-sale Note 36 - Derivative financial instruments | |||||||||||||||||||
|
Significant Accounting Policies: Note 3.3.9 - Determination of fair value | |||||||||||||||||||
|
Significant Accounting Policies: Note 3.3.9 - Determination of fair value | |||||||||||||||||||
|
There were no movements between levels of fair value hierarchy during the period under review. Significant Accounting Policies: Note 3.3.2.1 - ‘Day 1’ profit or loss | |||||||||||||||||||
|
Notes to the Financial Statements: Note 27 - Financial Investments - Available-for-Sale Note 26.6 - (a) Debenture | |||||||||||||||||||
2. Information about the Nature and Extent of Risks Arising from Financial Instruments |
||||||||||||||||||||
2.1 |
Qualitative Disclosures |
|||||||||||||||||||
2.1.1 |
Risk exposures for each type of financial instrument. | Loans and advances portfolio of the Bank generates the highest risk exposure whilst FX and equity assets bring comparatively low risk. The Bank does not have a commodity risk exposure at present. | ||||||||||||||||||
2.1.2 |
Management’s objectives, policies, and processes for managing those risks. | Please refer the section relating to ‘Managing Risk at Commercial Bank’ for comprehensive disclosure of Management’s objectives, policies and processes. | ||||||||||||||||||
2.1.3 |
Changes from the prior period. | There was no major policy change carried out uring the period under review. |
||||||||||||||||||
2.2 |
Quantitative Disclosures |
|||||||||||||||||||
2.2.1 |
Summary of quantitative data about exposure to each risk at the reporting date. | Please refer the computation on ‘Capital Adequacy’ given in the section on ‘Managing Risk at Commercial Bank’. | ||||||||||||||||||
2.2.2 | Disclosures about credit risk, liquidity risk, market risk, operational risk, interest rate risk and how these risks are managed. | Please refer the section relating to ‘Managing Risk at Commercial Bank’. | ||||||||||||||||||
(i) Credit Risk |
||||||||||||||||||||
|
The gross credit risk exposure on loans and advances that are neither past due nor impaired as at December 31, 2013, broken down by the credit quality is as follows:
|
|||||||||||||||||||
|
The gross credit risk exposure on loans and advances that are past due or impaired as at December 31, 2013, broken down by the credit quality is as follows:
are discussed under Note 3.3.10 - Impairment of Financial Assets. |
|||||||||||||||||||
|
Not disclosed. | |||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
(ii) Liquidity Risk |
||||||||||||||||||||
|
Notes to the Financial Statements: Note 50 - Maturity Analysis | |||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
(iii) Market Risk |
||||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
|
None | |||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
(iv) Operational RiskPlease refer Banking Act Direction No. 7 of 2011 on Integrated Risk Management Framework for Licensed Banks (Section H). |
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
(v) Equity Risk in the Banking Book |
||||||||||||||||||||
(a)Qualitative Disclosures | ||||||||||||||||||||
|
Significant Accounting Policies: Note 3.3.3.4 - Available-for-sale financial investments Note 3.3.3.5 - Held to maturity financial investments | |||||||||||||||||||
|
||||||||||||||||||||
(b)Quantitative Disclosures | ||||||||||||||||||||
|
Notes to the Financial Statements: Note 27 - Financial investments - Available-for-sale Note 28 - Investments in Subsidiaries Note 29 - Investments in Associates Note 10 - Net gains/(losses) from Financial Investments | |||||||||||||||||||
(vi) Interest Rate Risk in the Banking Book |
||||||||||||||||||||
(a) Qualitative Disclosures | ||||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
(b) Quantitative Disclosures | ||||||||||||||||||||
|
Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
2.2.3 |
Information on concentrations of risk. | Please refer the section relating to ‘Managing Risk at Commercial Bank’. | ||||||||||||||||||
3. Other Disclosures |
||||||||||||||||||||
3.1 |
Capital |
|||||||||||||||||||
3.1.1 |
Capital Structure |
|||||||||||||||||||
(i) Qualitative Disclosures |
||||||||||||||||||||
Summary information on the terms and conditions of the main features of all capital instruments, especially in the case of innovative, complex or hybrid capital instruments. | Please refer the section relating to ‘Managing Risk at Commercial Bank’. | |||||||||||||||||||
(ii) Quantitative Disclosure |
||||||||||||||||||||
|
Notes to the Financial Statements: Note 57 - Financial Risk Management | |||||||||||||||||||
3.1.2 |
Capital adequacy |
|||||||||||||||||||
(i) Qualitative Disclosures |
||||||||||||||||||||
A summary discussion of the Bank’s approach to assessing the adequacy of its capital to support current and future activities. | Please refer the section relating to ‘Managing Risk at Commercial Bank’ | |||||||||||||||||||
(ii) Quantitative Disclosures |
||||||||||||||||||||
(a) Capital requirements for credit risk, market risk and operational risk | Notes to the Financial Statements: Note 57 - Financial Risk Management | |||||||||||||||||||
(b) Total and Tier 1 capital ratio |