Financial Reports
Statement of Changes in Equity
| Statutory reserve | Other reserves | ||||||
| Stated capital LKR 000 |
Reserve
fund LKR 000 |
Fair value reserve LKR 000 |
Hedging reserve LKR 000 |
General
reserve LKR 000 |
Retained earnings LKR 000 |
Total equity LKR 000 |
|
| Bank | |||||||
| Balance as at 31.12.2016 | 4,715,814 | 2,004,275 | 14,549,487 | – | 13,779,839 | 10,800,251 | 45,849,666 |
| Profit for the year | – | – | – | – | – | 4,414,964 | 4,414,964 |
| Other comprehensive (expenses)/ income, net of tax | – | – | (1,250,801) | – | – | 34,999 | (1,215,802) |
| Total comprehensive (expenses)/income for the year |
– | – | (1,250,801) | – | – | 4,449,963 | 3,199,162 |
| Transfers | – | 220,000 | – | – | – | (220,000) | – |
| Transactions with equity holders, recognised directly in equity |
|||||||
| Forfeiture of unclaimed dividends | – | – | – | – | – | 20,878 | 20,878 |
| Final dividend approved on 20.02.2017 |
– | – | – | – | – | (1,192,940) | (1,192,940) |
| Total contributions from and distribution to equity holders |
– | – | – | – | (1,172,062) | (1,172,062) | |
| Balance as at 31.12.2017 | 4,715,814 | 2,224,275 | 13,298,686 | – | 13,779,839 | 13,858,152 | 47,876,766 |
| Adjustment on initial application of SLFRS 9, net of tax (Note 2.8.2.4) |
– | – | (4,551,014) | – | – | 2,017,938 | (2,533,076) |
| Restated balance as at 01.01.2018 | 4,715,814 | 2,224,275 | 8,747,672 | – | 13,779,839 | 15,876,090 | 45,343,690 |
| Profit for the year | – | – | – | – | – | 2,768,179 | 2,768,179 |
| Other comprehensive (expenses)/ income, net of tax |
– | – | (2,939,974) | 60,168 | – | (2,666) | (2,882,472) |
| Total comprehensive (expenses)/ income for the year |
– | – | (2,939,974) | 60,168 | – | 2,765,513 | (114,293) |
| Transfers | – | 134,000 | – | – | – | (134,000) | – |
| Transfer of gains/(losses) on disposal/write off of equity investments at fair value through other comprehensive income to retained earnings |
– | – | (62,673) | – | – | 75 | (62,598) |
| Transactions with equity holders, recognised directly in equity |
|||||||
| Forfeiture of unclaimed dividends | – | – | – | – | – | 5,073 | 5,073 |
| Final dividend approved on 19.02.2018 |
– | – | – | – | – | (1,325,489) | (1,325,489) |
| Total contributions from and distribution to equity holders |
– | – | – | – | – | (1,320,416) | (1,320,416) |
| Balance as at 31.12.2018 | 4,715,814 | 2,358,275 | 5,745,025 | 60,168 | 13,779,839 | 17,187,262 | 43,846,383 |
| Attributable to the equity holders of the Bank | ||||||||||
| Statutory reserve | Other reserves | |||||||||
| Stated capital | Reserve fund | Fair value reserve | Exchange equalisation reserve | Hedging reserve | General reserve | Retained earnings | Total | Non- controlling interests | Total equity | |
| LKR 000 | LKR 000 | LKR 000 | LKR 000 | LKR 000 | LKR 000 | LKR 000 | LKR 000 | LKR 000 | LKR 000 | |
| Group | ||||||||||
| Balance as at 31.12.2016 | 4,715,814 | 2,004,275 | 12,085,454 | 33,428 | – | 13,779,839 | 14,231,009 | 46,849,819 | 259,900 | 47,109,719 |
| Profit for the year | – | – | – | – | – | – | 4,362,407 | 4,362,407 | 71,350 | 4,433,757 |
| Other comprehensive (expenses)/ income, net of tax |
– | – | (1,052,971) | (20,367) | – | – | 40,681 | (1,032,657) | 222 | (1,032,435) |
| Total comprehensive (expenses)/income for the year |
– | – | (1,052,971) | (20,367) | – | – | 4,403,088 | 3,329,750 | 71,572 | 3,401,322 |
| Transfers | – | 220,000 | – | – | – | – | (220,000) | – | – | – |
| Transactions with equity holders, recognised directly in equity |
||||||||||
| Forfeiture of unclaimed dividends | – | – | – | – | – | – | 20,878 | 20,878 | – | 20,878 |
| Change in holding through joint venture |
– | – | – | – | – | – | 117,478 | 117,478 | – | 117,478 |
| Final dividend approved on 20.02.2017 |
– | – | – | – | – | – | (1,192,940) | (1,192,940) | – | (1,192,940) |
| Dividend distributed to non-controlling interest by subsidiaries |
– | – | – | – | – | – | – | – | (54,600) | (54,600) |
| Total contributions from and distribution to equity holders |
– | 220,000 | – | – | – | – | (1,274,584) | (1,054,584) | (54,600) | (1,109,184) |
| Balance as at 31.12.2017 | 4,715,814 | 2,224,275 | 11,032,483 | 13,061 | – | 13,779,839 | 17,359,513 | 49,124,985 | 276,872 | 49,401,857 |
| Adjustment on initial application of SLFRS 9, net of tax (Note 2.8.2.4) |
– | – | (3,707,124) | – | – | – | 1,189,617 | (2,517,507) | – | (2,517,507) |
| Restated balance as at 01.01.2018 |
4,715,814 | 2,224,275 | 7,325,359 | 13,061 | – | 13,779,839 | 18,549,130 | 46,607,478 | 276,872 | 46,884,350 |
| Profit for the year | – | – | – | – | – | – | 3,011,018 | 3,011,018 | 59,209 | 3,070,227 |
| Other comprehensive (expense)/ income, net of tax |
– | – | (2,968,839) | 69,774 | 60,168 | – | (2,766) | (2,841,663) | 143 | (2,841,520) |
| Total comprehensive (expense)/income for the year |
– | – | (2,968,839) | 69,774 | 60,168 | – | 3,008,252 | 169,355 | 59,352 | 228,707 |
| Transfers | – | 134,000 | – | – | – | – | (134,000) | – | – | – |
| Transfer of gains/(losses) on disposal/write off of equity investments at fair value through other comprehensive income to retained earnings |
– | – | (62,673) | – | – | – | 75 | (62,598) | – | (62,598) |
| Transactions with equity holders, recognised directly in equity |
||||||||||
| Forfeiture of unclaimed dividends | – | – | – | – | – | – | 5,073 | 5,073 | – | 5,073 |
| Change in holding through joint venture |
– | – | – | – | – | – | 4,109 | 4,109 | – | 4,109 |
| Final dividend approved on 19.02.2018 |
– | – | – | – | – | – | (1,325,489) | (1,325,489) | – | (1,325,489) |
| Dividend distributed to non-controlling interest by subsidiaries |
– | – | – | – | – | – | – | – | (78,000) | (78,000) |
| Total contributions from and distribution to equity holders |
– | – | – | – | – | – | (1,316,307) | (1,316,307) | (78,000) | (1,394,307) |
| Balance as at 31.12.2018 | 4,715,814 | 2,358,275 | 4,293,847 | 82,835 | 60,168 | 13,779,839 | 20,107,150 | 45,397,928 | 258,224 | 45,656,152 |