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:
Table – 14Director/Company | Accommodation granted/Deposits | Current limit | Balance/Outstanding | ||||
as at 31.12.2018 Rs ’000 |
as at 31.12.2018 Rs ’000 |
as at 31.12.2017 Rs ’000 |
|||||
(a) | Mr M P Jayawardena | ||||||
CIC Holdings PLC | Loans and advances | Combined | 750,000 | 750,000 | 6,640 | ||
Off-balance sheet accommodation | Limits available | 1,559,250 | 421,704 | 356,919 | |||
Deposits | – | 8,741 | 33,991 | ||||
CIC Vetcare (Pvt) Ltd. | Loans and advances | Combined | 100,000 | 136,975 | 161,218 | ||
Off-balance sheet accommodation | Limits available | 152,000 | 44,954 | 13,005 | |||
Deposits | – | 1,640 | 444 | ||||
CIC Poultry Farms Ltd. | Loans and advances | Combined | 600,000 | 584,947 | 355,146 | ||
Off-balance sheet accommodation | Limits available | 100,000 | – | 100 | |||
Deposits | – | 25 | 25 | ||||
Cal Exports Lanka (Pvt) Ltd. | Loans and advances | 21,895 | 9,748 | 557 | |||
Off-balance sheet accommodation | 109,800 | – | – | ||||
Deposits | – | 7 | 1,961 | ||||
Rainforest Ecolodge (Pvt) Ltd. | Deposits | – | 115 | 9 | |||
(b) | Prof A K W Jayawardena | ||||||
Sierra Cables PLC | Loans and advances | Combined | 1,070,933 | 467,088 | 588,169 | ||
Off-balance sheet accommodations | Limits available | 1,169,299 | 1,355,594 | 1,215,861 | |||
Deposits | – | 50,984 | 22,915 | ||||
Mother Lanka Foundation | Deposits | – | 3,450 | N/A | |||
(c) | Mr S Renganathan | ||||||
International Chamber of Commerce – Sri Lanka | Deposits | 26,238 | 24,166 | ||||
(d) | Ms N T M S Cooray | ||||||
The Solutions Group (Pvt) Ltd. | Off-balance sheet accommodation | – | – | 600 | |||
Deposits | – | 7,038 | 2,658 | ||||
Ceylon Tea Brokers PLC | Loans and advances | – | – | 145,417 | |||
Deposits | – | 3,140 | 6,880 | ||||
Jetwing Hotels Ltd. | Deposits | – | 2,526 | 1,819 | |||
Negombo Hotels Ltd. | Deposits | – | 2,338 | 2,187 | |||
The Lighthouse Hotel PLC | Deposits | – | 11,825 | 7,168 | |||
Jetwing Travels (Pvt) Ltd. | Loans and advances | 43,822 | 11,303 | 17,824 | |||
Off-balance sheet accommodation | 59,537 | 49,655 | 37,413 | ||||
Deposits | – | 1,043,843 | 1,061,490 | ||||
Jetwing Air (Pvt) Ltd. | Loans and advances | 20,000 | – | – | |||
Off-balance sheet accommodation | 36,906 | 36,906 | 30,608 | ||||
Deposits | – | 87,343 | 34,918 | ||||
Jetwing Hotel Management Services (Pvt) Ltd. | Deposits | – | 127 | 127 | |||
Jetwing Real Estate (Pvt) Ltd. | Loans and advances | 120,970 | 100,512 | 141,304 | |||
Jetwing Events (Pvt) Ltd. | Off-balance sheet accommodation | 100 | 100 | 100 | |||
Deposits | – | 17,652 | 19,786 | ||||
Go Vacation Lanka Co. (Pvt) Ltd. | Off-balance sheet accommodation | 600 | 100 | 100 | |||
Deposits | – | 11,012 | 7,548 | ||||
N J Cooray Builders (Pvt) Ltd. | Deposits | – | 389 | 1,319 | |||
Yarl Hotels (Pvt) Ltd. | Deposits | – | 812 | 118 | |||
Jetwing Symphony Ltd. | Deposits | – | 488 | 1,105 | |||
Capital Alliance Holdings Ltd. | Deposits | – | 79 | 97 | |||
(e) | Mr L D Niyangoda | ||||||
A Baur & Company (Pvt) Ltd. | Loans and advances | Combined | 8,499,000 | 7,587,503 | 5,748,724 | ||
Off-balance sheet accommodation | Limits available | 5,890,000 | 2,923,910 | 3,532,959 | |||
Deposits | – | 7,628,927 | 5,870,859 | ||||
(f) | Mr T L B Hurulle | ||||||
Kanrich Finance Ltd | Loans and advances | 15,405 | 9,678 | 16,781 | |||
Deposits | – | 9,247 | 11,489 |