GROUP |
BANK |
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As at December 31, | Note | 2021 Rs. ’000 |
2020 Rs. ’000 |
Change % |
2021 Rs. ’000 |
2020 Rs. ’000 |
Change % |
Assets | |||||||
Cash and cash equivalents | 28 | 69,335,379 | 51,255,030 | 35.28 | 68,078,076 | 50,250,627 | 35.48 |
Balances with Central Banks | 29 | 56,777,465 | 115,358,732 | (50.78) | 52,897,908 | 110,971,105 | (52.33) |
Placements with banks | 30 | 12,498,709 | 16,421,867 | (23.89) | 11,584,952 | 15,938,982 | (27.32) |
Securities purchased under resale agreements | 3,000,490 | – | 100.00 | 3,000,490 | – | 100.00 | |
Derivative financial assets | 31 | 3,245,120 | 2,636,717 | 23.07 | 3,245,120 | 2,636,717 | 23.07 |
Financial assets recognised through profit or loss – measured at fair value | 32 | 23,436,123 | 35,189,471 | (33.40) | 23,436,123 | 35,189,471 | (33.40) |
Financial assets at amortised cost – Loans and advances to banks | 33 | – | 779,705 | (100.00) | – | 779,705 | (100.00) |
Financial assets at amortised cost – Loans and advances to other customers | 34 | 1,029,584,075 | 909,829,172 | 13.16 | 1,014,618,580 | 896,845,453 | 13.13 |
Financial assets at amortised cost – Debt and other financial instruments | 35 | 385,390,598 | 302,059,529 | 27.59 | 369,417,889 | 292,727,566 | 26.20 |
Financial assets measured at fair value through other comprehensive income | 36 | 335,953,802 | 278,716,794 | 20.54 | 335,463,338 | 278,461,369 | 20.47 |
Investments in subsidiaries | 37 | – | – | – | 5,808,429 | 5,808,429 | – |
Investment in associate | 38 | 60,428 | 64,155 | (5.81) | 44,331 | 44,331 | – |
Property, plant and equipment and right-of-use assets | 39 | 24,744,634 | 25,386,630 | (2.53) | 23,075,467 | 23,212,394 | (0.59) |
Investment properties | 40 | 72,400 | 67,116 | 7.87 | – | – | – |
Intangible assets | 41 | 2,272,639 | 1,800,516 | 26.22 | 1,724,864 | 1,232,863 | 39.91 |
Deferred tax assets | 42 | 10,036,105 | 2,735,566 | 266.87 | 9,793,129 | 2,499,860 | 291.75 |
Other assets | 43 | 27,083,177 | 20,195,153 | 34.11 | 27,024,475 | 19,619,149 | 37.75 |
Total assets | 1,983,491,144 | 1,762,496,153 | 12.54 | 1,949,213,171 | 1,736,218,021 | 12.27 | |
Liabilities | |||||||
Due to banks | 44 | 73,801,195 | 88,248,056 | (16.37) | 73,777,420 | 87,451,306 | (15.64) |
Derivative financial liabilities | 45 | 2,092,198 | 1,501,262 | 39.36 | 2,092,198 | 1,501,262 | 39.36 |
Securities sold under repurchase agreements | 151,424,854 | 91,411,522 | 65.65 | 151,911,842 | 91,437,612 | 66.14 | |
Financial liabilities at amortised cost – due to depositors | 46 | 1,472,640,456 | 1,286,616,399 | 14.46 | 1,443,093,453 | 1,265,965,918 | 13.99 |
Financial liabilities at amortised cost – other borrowings | 47 | 32,587,051 | 54,555,933 | (40.27) | 32,587,051 | 54,555,933 | (40.27) |
Current tax liabilities | 48 | 9,486,772 | 6,991,005 | 35.70 | 9,294,180 | 6,777,992 | 37.12 |
Deferred tax liabilities | 42 | 349,106 | 403,846 | (13.55) | – | – | – |
Other liabilities | 49 | 33,253,518 | 33,572,283 | (0.95) | 33,210,883 | 33,037,669 | 0.52 |
Due to subsidiaries | 50 | – | – | – | 48,699 | 97,015 | (49.80) |
Subordinated liabilities | 51 | 38,303,466 | 38,247,138 | 0.15 | 38,303,466 | 38,247,138 | 0.15 |
Total liabilities | 1,813,938,616 | 1,601,547,444 | 13.26 | 1,784,319,192 | 1,579,071,845 | 13.00 | |
Equity | |||||||
Stated capital | 52 | 54,566,957 | 52,187,747 | 4.56 | 54,566,957 | 52,187,747 | 4.56 |
Statutory reserves | 54 | 10,590,338 | 9,285,233 | 14.06 | 10,204,368 | 9,024,065 | 13.08 |
Retained earnings | 55 | 9,890,762 | 8,124,261 | 21.74 | 9,028,265 | 7,596,260 | 18.85 |
Other reserves | 56 | 92,426,660 | 89,595,571 | 3.16 | 91,094,389 | 88,338,104 | 3.12 |
Total equity attributable to equity holders of the Bank | 167,474,717 | 159,192,812 | 5.20 | 164,893,979 | 157,146,176 | 4.93 | |
Non-controlling interest | 57 | 2,077,811 | 1,755,897 | 18.33 | – | – | – |
Total equity | 169,552,528 | 160,948,709 | 5.35 | 164,893,979 | 157,146,176 | 4.93 | |
Total liabilities and equity | 1,983,491,144 | 1,762,496,153 | 12.54 | 1,949,213,171 | 1,736,218,021 | 12.27 | |
Contingent liabilities and commitments | 58 | 685,379,028 | 730,561,685 | (6.18) | 682,399,783 | 728,711,698 | (6.36) |
Net assets value per ordinary share (Rs.) | 59 | 140.24 | 136.42 | 2.80 | 138.08 | 134.67 | 2.53 |
Memorandum information | ||
Number of employees | 5,072 | 5,057 |
Number of customer service centres | 287 | 287 |
The Notes 1 to 69 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
Group 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.
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Justice K Sripavan Chairman |
Prof A K W Jayawardane Deputy Chairman |
S Renganathan Managing Director/ Group Chief Executive Officer |
R A P Rajapaksha Company Secretary |
February 25, 2022
Colombo