Related party disclosures as per the Sri Lanka Accounting Standard – LKRS 24 on “Related Party Disclosures” is disclosed in Note 64 to the Financial Statements of this Annual Report. In addition, the Bank carries out transactions in the ordinary course of business on an arm's length basis with entities where the Chairman or a Director of the Bank is the Chairman or a Director of such entities.
The results of such transactions at the Reporting date is given below:
Director/company | Accommodation granted/deposits | Current limit | Balance/outstanding | ||||
31.12.2017 | 31.12.2017 | 31.12.2016 | |||||
Rs. ’000 | Rs. ’000 | Rs. ’000 | |||||
(a) | Mr M P Jayawardena | ||||||
Cal Exports Lanka (Pvt) Limited | Loans and advances | 9,984 | 557 | – | |||
Off-balance sheet accommodations | 92,160 | – | 2,246 | ||||
Deposits | – | 1,961 | 68,525 | ||||
Chemanex Exports (Pvt) Limited | Loans and advances | 10,000 | 45 | – | |||
Off-balance sheet accommodations | 29,000 | 5,000 | 6,828 | ||||
Deposits | – | 20,539 | 19,327 | ||||
CIC Holdings PLC | Loans and advances | Combined | 756,640 | 6,640 | 831,804 | ||
Off-balance sheet accommodations | Limits | 1,512,000 | 356,919 | 303,124 | |||
Deposits | – | 33,991 | 12,980 | ||||
CIC Vetcare (Pvt) Limited | Loans and advances | Combined | 100,000 | 161,218 | 102,107 | ||
Off-balance sheet accommodations | Limits | 152,000 | 13,005 | 51,903 | |||
Deposits | – | 444 | 465 | ||||
CIC Poultry Farms Limited | Loans and advances | 600,000 | 355,146 | 734,945 | |||
Off-balance sheet accommodations | 100,000 | 100 | 3,304 | ||||
Deposits | – | 25 | 25 | ||||
Rainforest Ecolodge (Pvt) Limited | Deposits | – | 9 | – | |||
(b) | Prof A K W Jayawardane | ||||||
Sierra Cables PLC | Loans and advances | Combined | 1,220,528 | 588,169 | 950,702 | ||
Off-balance sheet accommodations | Limits | 690,000 | 1,215,861 | 811,597 | |||
Deposits | – | 22,915 | 48,135 | ||||
(c) | Ms N T M S Cooray | ||||||
The Solutions Group (Pvt) Limited | Off-balance sheet accommodations | – | 600 | 1,759 | |||
Deposits | – | 2,658 | 27,798 | ||||
Ceylon Tea Brokers PLC | Loans and advances | 150,000 | 145,417 | 189,617 | |||
Deposits | – | 6,880 | 1,786 | ||||
Jetwing Hotels Limited | Loans and advances | – | – | 14,154 | |||
Deposits | – | 1,819 | 1,581 | ||||
Negombo Hotels Limited | Loans and advances | – | – | 49,553 | |||
Deposits | – | 2,187 | 2,067 | ||||
The Lighthouse Hotel PLC | Loans and advances | – | – | 129,487 | |||
Deposits | – | 7,168 | 1,996 | ||||
Jetwing Travels (Pvt) Limited | Loans and advances | 49,797 | 17,824 | 23,334 | |||
Off-balance sheet accommodations | 45,708 | 37,413 | 31,100 | ||||
Deposits | – | 1,061,490 | 893,499 | ||||
Jetwing Air (Pvt) Limited | Loans and advances | 20,000 | – | – | |||
Off-balance sheet accommodations | 38,119 | 30,608 | 38,193 | ||||
Deposits | – | 34,918 | 52,824 | ||||
Jetwing Hotel Management Services (Pvt) Limited |
Deposits | – | 127 | 130 | |||
Jetwing Real Estate (Pvt) Limited | Loans and advances | 157,120 | 141,304 | 169,253 | |||
Jetwing Events (Pvt) Limited | Off-balance sheet accommodations | 100 | 100 | 1,511 | |||
Deposits | – | 19,786 | 18,304 | ||||
Go Vacation Lanka Co. (Pvt) Limited |
Off-balance sheet accommodations | 600 | 100 | 600 | |||
Deposits | – | 7,548 | 4,697 | ||||
N.J. Cooray Builders (Pvt) Limited | Deposits | – | 1,319 | 498 | |||
Yarl Hotels (Pvt) Limited | Deposits | – | 118 | 1,809 | |||
Jetwing Symphony Limited | Deposits | – | 1,105 | – | |||
Capital Alliance Holdings Limited | Deposits | – | 97 | 100 | |||
(d) | Mr L D Niyangoda | ||||||
A Baur & Company (Pvt) Limited | Loans and advances | Combined | 7,959,524 | 5,748,724 | 5,501,731 | ||
Off-balance sheet accommodations | Limits | 5,890,000 | 3,532,959 | 3,057,700 | |||
Deposits | – | 5,870,859 | 5,233,872 | ||||
Baur Life Science (Pvt) Limited | Off-balance sheet accommodations | – | 11,509 | 29,754 | |||
Deposits | – | 3,640 | 7,829 | ||||
(e) | Mr T L B Hurulle (Appointed to the Board of the Bank with effect from 05.04.2017) |
||||||
Kanrich Finance Limited | Loans and advances | 19,245 | 16,781 | N/A | |||
Off-balance sheet accommodations | – | – | N/A | ||||
Deposits | – | 11,489 | N/A | ||||
(f) | Mr S Renganathan (Appointed as a Director of the Chamber with effect from 23.10.2017) |
||||||
International Chamber of Commerce – Sri Lanka |
Deposits | 16,987 | 16,987 | N/A |