Financial Reports

Statement of Financial Position

		BANK		GROUP
As at	Notes	31.12.2018 LKR 000	31.12.2017 LKR 000	31.12.2018 LKR 000	31.12.2017 LKR 000
Assets
Cash and cash equivalents	24	5,039,629	4,106,225	5,049,823	4,120,230
Balances with Central Bank of Sri Lanka	25	11,841,814	10,557,688	11,841,814	10,557,688
Placements with banks	26	425,087	6,691,381	439,727	6,712,131
Derivative assets held-for-risk management	27	3,414,549	66,440	3,414,549	66,440
Financial assets measured at fair value through profit or loss/financial assets held-for-trading	28	6,078,862	310,922	6,078,862	310,922
Financial assets at amortised cost – Loans to and receivables from banks	29	12,854,880	10,984,266	12,854,880	10,984,266
Financial assets at amortised cost – Loans to and receivables from other customers	30	249,733,718	213,675,866	249,733,718	213,675,866
Financial assets at amortised cost – Debt and other instruments/held to maturity	31	22,874,088	23,507,632	22,874,088	23,507,632
Financial assets measured at fair value through other comprehensive income/ financial assets available for sale	32	55,313,553	56,866,054	55,313,553	56,866,054
Investments in subsidiaries	33	167,036	167,036	–	–
Investments in associate	34	35,270	35,270	31,107	67,266
Investments in joint venture	35	755,000	755,000	1,957,455	1,616,711
Due from subsidiaries	36	9,505	12,083	–	–
Investment property	37	9,879	–	496,559	318,653
Property, plant and equipment	38	1,620,375	1,273,250	1,718,904	1,371,161
Intangible assets	39	668,834	498,084	686,288	502,411
Goodwill on consolidation	40	–	–	156,226	156,226
Government grant receivable	41	–	642,583	–	642,583
Deferred tax asset	42	491,523	–	492,678	3,160
Other assets	43	3,574,276	2,957,562	3,621,780	2,988,462
Total assets		374,907,878	333,107,342	376,762,011	334,467,862
Liabilities
Due to banks	44	9,446,464	9,640,735	9,446,464	9,640,735
Derivative liabilities held-for-risk – management	27	121,373	367,435	121,373	367,435
Financial liabilities at amortised cost – Due to depositors	45	242,237,596	193,307,534	241,914,870	192,920,147
Financial liabilities at amortised cost – Due to other borrowers	46	47,413,727	41,319,591	47,388,679	41,290,874
Debt securities issued	47	8,898,441	24,443,767	8,898,441	24,443,767
Retirement benefit obligation	48	408,704	330,578	433,315	352,710
Current tax liability		1,221,117	633,636	1,294,540	655,488
Deferred tax liability	42	–	1,194,027	90,402	1,232,478
Government grant – deferred income	41	–	654,583	–	654,583
Other liabilities	49	4,458,721	4,135,820	4,662,423	4,304,918
Subordinated term debt	50	16,855,352	9,202,870	16,855,352	9,202,870
Total liabilities		331,061,495	285,230,576	331,105,859	285,066,005
Equity
Stated capital	51	4,715,814	4,715,814	4,715,814	4,715,814
Statutory reserve	52	2,358,275	2,224,275	2,358,275	2,224,275
Retained earnings	53	17,187,262	13,858,152	20,107,150	17,359,513
Other reserves	54	19,585,032	27,078,525	18,216,689	24,825,383
Total equity attributable to equity holders of the Bank		43,846,383	47,876,766	45,397,928	49,124,985
Non-controlling interests		–	–	258,224	276,872
Total equity		43,846,383	47,876,766	45,656,152	49,401,857
Total equity and liabilities		374,907,878	333,107,342	376,762,011	334,467,862
Contingent liabilities and commitments	55	137,143,668	135,571,324	137,143,668	135,571,324
Net assets value per share, LKR		165.40	180.60	171.25	185.31

The notes to the financial statements form part of these financial statements.

I certify that these financial statements comply with the requirements of the Companies Act No. 07 of 2007.

Chinthika Amarasekara
Chief Financial Officer

For and on behalf of the Board of Directors,


C R Jansz Chairman Colombo 18 February 2019	Lakshman Silva Director and Chief Executive