Statement of Financial Position
GROUP | BANK | ||||||
As at December 31, | Note | 2014
Rs. ’000 |
2013
Rs. ’000 |
Change
% |
2014
Rs. ’000 |
2013
Rs. ’000 |
Change
% |
Assets | |||||||
Cash and cash equivalents | 26 | 20,621,778 | 14,263,533 | 44.58 | 20,591,867 | 14,261,549 | 44.39 |
Balances with Central Banks | 27 | 19,633,746 | 18,431,936 | 6.52 | 19,633,746 | 18,431,936 | 6.52 |
Placements with banks | 28 | 14,507,861 | 4,131,814 | 251.13 | 14,507,861 | 4,131,814 | 251.13 |
Derivative financial assets | 29 | 459,510 | 837,694 | (45.15) | 459,510 | 837,694 | (45.15) |
Other financial instruments – Held-for-trading | 30 | 6,326,636 | 6,379,058 | (0.82) | 6,326,636 | 6,379,058 | (0.82) |
Loans and receivables to banks | 31 | 551,066 | 546,270 | 0.88 | 551,066 | 546,270 | 0.88 |
Loans and receivables to other customers | 32 | 498,165,419 | 410,935,979 | 21.23 | 497,065,787 | 410,951,440 | 20.95 |
Financial investments – Available-for-sale | 33 | 214,225,017 | 131,756,525 | 62.59 | 214,208,370 | 131,756,525 | 62.58 |
Financial investments – Held-to-maturity | – | – | – | – | – | – | |
Investments in subsidiaries | 34 | – | – | – | 1,211,000 | 288,946 | 319.11 |
Investments in associates | 35 | 106,287 | 94,173 | 12.86 | 44,331 | 44,331 | – |
Property, plant & equipment | 36 | 11,134,861 | 9,175,225 | 21.36 | 9,953,091 | 8,387,344 | 18.67 |
Intangible assets | 37 | 856,230 | 477,728 | 79.23 | 439,128 | 467,593 | (6.09) |
Leasehold property | 38 | 108,872 | 110,324 | (1.32) | 75,420 | 76,362 | (1.23) |
Other assets | 39 | 10,560,430 | 9,424,248 | 12.06 | 10,541,817 | 9,426,730 | 11.83 |
Total assets | 797,257,713 | 606,564,507 | 31.44 | 795,609,630 | 605,987,592 | 31.29 | |
Liabilities | |||||||
Due to banks | 40 | 25,669,025 | 14,194,219 | 80.84 | 25,260,976 | 14,194,219 | 77.97 |
Derivative financial liabilities | 41 | 1,193,139 | 1,411,916 | (15.50) | 1,193,139 | 1,411,916 | (15.50) |
Other financial liabilities – Held-for-trading | – | – | – | – | – | – | |
Due to other customers/Deposits from customers | 42 | 529,266,588 | 451,098,946 | 17.33 | 529,361,484 | 451,152,923 | 17.34 |
Other borrowings | 43 | 136,027,625 | 53,997,503 | 151.91 | 136,201,082 | 54,173,175 | 151.42 |
Current tax liabilities | 44 | 2,037,388 | 1,780,867 | 14.40 | 1,997,990 | 1,758,574 | 13.61 |
Deferred tax liabilities | 45 | 2,876,199 | 1,763,414 | 63.10 | 2,573,760 | 1,563,070 | 64.66 |
Other provisions | 46 | 1,874 | 2,409 | (22.21) | 1,874 | 2,409 | (22.21) |
Other liabilities | 47 | 17,669,903 | 9,885,815 | 78.74 | 17,443,531 | 9,827,209 | 77.50 |
Due to subsidiaries | 48 | – | – | – | 19,289 | 15,686 | 22.97 |
Subordinated liabilities | 49 | 11,262,573 | 10,944,412 | 2.91 | 11,044,775 | 10,944,412 | 0.92 |
Total liabilities | 726,004,314 | 545,079,501 | 33.19 | 725,097,900 | 545,043,593 | 33.03 | |
Equity | |||||||
Stated capital | 50 | 21,457,501 | 19,586,813 | 9.55 | 21,457,501 | 19,586,813 | 9.55 |
Statutory reserves | 51 | 4,327,103 | 4,034,614 | 7.25 | 4,327,103 | 4,034,614 | 7.25 |
Retained earnings | 52 | 4,418,412 | 4,359,632 | 1.35 | 4,258,287 | 4,233,364 | 0.59 |
Other reserves | 53 | 41,002,819 | 33,465,169 | 22.52 | 40,468,839 | 33,089,208 | 22.30 |
Total equity attributable to equity holders of the Bank | 71,205,835 | 61,446,228 | 15.88 | 70,511,730 | 60,943,999 | 15.70 | |
Non-controlling interest | 54 | 47,564 | 38,778 | 22.66 | – | – | – |
Total equity | 71,253,399 | 61,485,006 | 15.89 | 70,511,730 | 60,943,999 | 15.70 | |
Total liabilities and equity | 797,257,713 | 606,564,507 | 31.44 | 795,609,630 | 605,987,592 | 31.29 | |
Contingent liabilities and commitments | 55 | 352,453,452 | 295,451,955 | 19.29 | 352,453,452 | 295,451,955 | 19.29 |
Net assets value per ordinary share (Rs.) | 56 | 82.24 | 72.37 | 13.64 | 81.44 | 71.78 | 13.46 |
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,
K.G.D.D. Dheerasinghe
Chairman
M.P. Jayawardena
Deputy Chairman
J. Durairatnam
Managing Director
Mrs. J.R. Gamage
Company Secretary
Colombo
February 23, 2015