Statement of Financial Position
GROUP | BANK | ||||||
As at December 31, | Note | 2016 Rs. ’000 |
2015 Rs. ’000 |
Change % |
2016 Rs. ’000 |
2015 Rs. ’000 |
Change % |
Assets | |||||||
Cash and cash equivalents | 27 | 32,924,227 | 20,107,076 | 63.74 | 30,193,589 | 20,043,512 | 50.64 |
Balances with Central Banks | 28 | 43,935,258 | 28,221,017 | 55.68 | 43,873,205 | 28,221,017 | 55.46 |
Placements with banks | 29 | 11,718,499 | 17,193,539 | (31.84) | 11,718,499 | 17,193,539 | (31.84) |
Securities purchased under resale agreements | – | 8,002,100 | – | – | 8,002,100 | – | |
Derivative financial assets | 30 | 1,052,829 | 4,118,169 | (74.43) | 1,052,829 | 4,118,169 | (74.43) |
Other financial instruments – Held-for-trading | 31 | 4,987,798 | 7,656,349 | (34.85) | 4,987,798 | 7,656,349 | (34.85) |
Loans and receivables to banks | 32 | 624,458 | 601,106 | 3.88 | 624,458 | 601,106 | 3.88 |
Loans and receivables to other customers | 33 | 620,129,488 | 509,923,128 | 21.61 | 616,018,228 | 508,115,127 | 21.24 |
Financial investments – Available-for-sale | 34 | 160,092,522 | 204,261,934 | (21.62) | 160,023,471 | 204,244,289 | (21.65) |
Financial investments – Held-to-maturity | 35 | 63,626,598 | – | – | 60,981,298 | – | – |
Financial investments – Loans and receivables | 36 | 51,824,026 | 57,724,369 | (10.22) | 51,824,026 | 57,724,369 | (10.22) |
Investments in subsidiaries | 37 | – | – | – | 2,435,392 | 1,237,146 | 96.86 |
Investments in associates | 38 | 108,859 | 104,503 | 4.17 | 44,331 | 44,331 | – |
Property, plant & equipment | 39 | 11,569,666 | 11,181,433 | 3.47 | 10,307,825 | 9,968,985 | 3.40 |
Intangible assets | 40 | 1,132,669 | 884,034 | 28.13 | 640,645 | 465,960 | 37.49 |
Leasehold property | 41 | 105,968 | 107,420 | (1.35) | 73,536 | 74,478 | (1.26) |
Deferred tax assets | 48 | 668,150 | – | – | 963,935 | – | – |
Other assets | 42 | 16,482,559 | 12,097,017 | 36.25 | 16,438,166 | 12,094,591 | 35.91 |
Total assets | 1,020,983,574 | 882,183,194 | 15.73 | 1,012,201,231 | 879,805,068 | 15.05 | |
Liabilities | |||||||
Due to banks | 43 | 71,098,391 | 31,789,396 | 123.65 | 67,608,811 | 30,319,119 | 122.99 |
Derivative financial liabilities | 44 | 1,515,035 | 1,890,770 | (19.87) | 1,515,035 | 1,890,770 | (19.87) |
Securities sold under repurchase agreements | 69,628,961 | 112,249,703 | (37.97) | 69,867,469 | 112,384,812 | (37.83) | |
Other financial liabilities – Held-for-trading | – | – | – | – | – | – | |
Due to other customers/deposits from customers | 45 | 743,310,613 | 624,021,217 | 19.12 | 739,563,494 | 624,101,810 | 18.50 |
Other borrowings | 46 | 9,270,154 | 9,985,637 | (7.17) | 9,270,154 | 9,985,637 | (7.17) |
Current tax liabilities | 47 | 3,464,682 | 3,025,662 | 14.51 | 3,440,736 | 3,001,984 | 14.62 |
Deferred tax liabilities | 48 | – | 467,632 | – | – | 230,615 | – |
Other provisions | 49 | 1,874 | 1,874 | – | 1,874 | 1,874 | – |
Other liabilities | 50 | 18,028,902 | 15,749,184 | 14.48 | 17,710,394 | 15,548,159 | 13.91 |
Due to subsidiaries | 51 | – | – | – | 20,061 | 26,212 | (23.47) |
Subordinated liabilities | 52 | 24,849,539 | 11,988,272 | 107.28 | 24,849,539 | 11,973,272 | 107.54 |
Total liabilities | 941,168,151 | 811,169,347 | 16.03 | 933,847,567 | 809,464,264 | 15.37 | |
Equity | |||||||
Stated capital | 53 | 24,978,003 | 23,254,605 | 7.41 | 24,978,003 | 23,254,605 | 7.41 |
Statutory reserves | 55 | 5,647,993 | 4,922,367 | 14.74 | 5,647,890 | 4,922,264 | 14.74 |
Retained earnings | 56 | 4,553,778 | 4,467,807 | 1.92 | 4,464,077 | 4,388,867 | 1.71 |
Other reserves | 57 | 43,812,536 | 38,318,860 | 14.34 | 43,263,694 | 37,775,068 | 14.53 |
Total equity attributable to equity holders of the Bank | 78,992,310 | 70,963,639 | 11.31 | 78,353,664 | 70,340,804 | 11.39 | |
Non-controlling interest | 58 | 823,113 | 50,208 | 1,539.41 | – | – | – |
Total equity | 79,815,423 | 71,013,847 | 12.39 | 78,353,664 | 70,340,804 | 11.39 | |
Total liabilities and equity | 1,020,983,574 | 882,183,194 | 15.73 | 1,012,201,231 | 879,805,068 | 15.05 | |
Contingent liabilities and commitments | 59 | 498,568,500 | 521,232,320 | (4.35) | 498,304,527 | 521,232,320 | (4.40) |
Net assets value per ordinary share (Rs.) | 60 | 88.68 | 80.93 | 9.58 | 87.97 | 80.22 | 9.66 |
The Notes appearing on pages 191 to 352 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 |
February 22, 2017
Colombo