Commercial Bank of Ceylon PLC

Annual Report 2018

Annex 10: Statement of Financial Position (US Dollars)

Group BANK
As at December 31, 2018 USD ’000 2017 USD ’000 Change % 2018 USD ’000 2017 USD ’000 Change %
Assets
Cash and cash equivalents 242,382 189,472 27.92 216,035 181,555 18.99
Balances with central banks 302,768 248,887 21.65 297,184 244,817 21.39
Placements with banks 108,735 96,357 12.85 108,735 96,357 12.85
Securities purchased under resale agreements 51,986 51,986
Derivative financial assets 43,224 12,757 238.83 43,224 12,757 238.83
Financial assets recognised through profit or loss/ Held for trading –
measured at fair value
30,165 24,103 25.15 30,165 24,103 25.15
Financial assets at amortised cost – loans and advances to banks 4,170 3,500 19.14 4,170 3,500 19.14
Financial assets at amortised cost – loans and advances to other customers 4,741,049 4,057,072 16.86 4,705,466 4,029,763 16.77
Financial assets at amortised cost – debt and other financial instruments/ financial Investments held to maturity and loans and receivables 487,838 645,236 (24.39) 458,226 613,526 (25.31)
Financial assets measured at fair value through other comprehensive income/financial Investments – available for sale 965,905 846,523 14.10 964,518 845,432 14.09
Investments in subsidiaries 23,299 16,754 39.07
Investments in associates 576 600 (4.00) 242 242
Property, plant and equipment 92,979 89,164 4.28 83,613 79,971 4.55
Intangible assets 7,836 6,837 14.61 4,951 4,245 16.63
Leasehold property 563 571 (1.40) 392 397 (1.26)
Deferred tax assets 1,030
Other assets 131,429 94,880 38.52 130,662 94,525 38.23
Total assets 7,212,635 6,315,959 14.20 7,122,868 6,247,944 14.00
Liabilities
Due to banks 286,131 329,207 (13.08) 273,776 312,137 (12.29)
Derivative financial liabilities 43,835 20,101 118.07 43,835 20,101 118.07
Securities sold under repurchase agreements 267,494 270,669 (1.17) 268,330 271,458 (1.15)
Financial liabilities recognised through profit or loss – measured at fair value
Financial liabilities at amortised cost – due to depositors 5,433,721 4,684,535 15.99 5,371,789 4,645,506 15.63
Financial liabilities at amortised cost – other borrowings 138,590 129,979 6.62 138,590 129,979 6.62
Current tax liabilities 36,809 22,966 60.28 35,882 22,644 58.46
Deferred tax liabilities 5,308 19,482 (72.75) 3,531 17,895 (80.27)
Other provisions
Other liabilities 134,139 106,600 25.83 132,274 105,056 25.91
Due to subsidiaries 224 407 (44.96)
Subordinated liabilities 207,608 137,519 50.97 207,609 137,519 50.97
Total liabilities 6,553,635 5,721,058 14.55 6,475,840 5,662,702 14.36
Equity
Stated capital 213,923 202,970 5.40 213,923 202,970 5.40
Statutory reserves 40,679 35,478 14.66 40,187 35,393 13.55
Retained earnings 27,049 27,796 (2.69) 27,667 27,254 1.52
Other reserves 370,797 323,891 14.48 365,251 319,625 14.27
Total equity attributable to equity holders of the Bank 652,448 590,135 10.56 647,028 585,242 10.56
Non-controlling interest 6,552 4,765 37.50
Total equity 659,000 594,900 10.77 647,028 585,242 10.56
Total liabilities and equity 7,212,635 6,315,959 14.20 7,122,868 6,247,944 14.00
Contingent liabilities and commitments 3,600,329 3,088,950 16.56 3,599,574 3,086,311 16.63
Net assets value per share (USD) 0.65 0.59 10.17 0.64 0.59 8.47

An exchange rate of 1 USD equals 183 LKR for both the years, has been used to facilitate comparison.

 

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